942 N Broadway, Baltimore, MD 21205
Local realty services provided by:CENTURY 21 Mertz & Associates
942 N Broadway,Baltimore, MD 21205
$399,999
- 5 Beds
- 6 Baths
- 1,806 sq. ft.
- Townhouse
- Active
Listed by: song m. hong
Office: turn key homes litmited libability
MLS#:MDBA2221552
Source:BRIGHTMLS
Price summary
- Price:$399,999
- Price per sq. ft.:$221.48
About this home
Executive Summary
Fully renovated, stabilized income-producing property configured as five private bedroom suites
with five full baths and one half bath. The property is 100% occupied with newly signed one-year
leases and has a proven operating history serving Johns Hopkins students and healthcare
professionals.
Property Highlights
• Approx. 2,400–2,500+ SF
• 5 Bedrooms / 5 Full Baths / 1 Half Bath
• Dual HVAC systems
• Two laundry rooms
• New plumbing, electrical, HVAC
• Excellent condition
• Fully occupied
Rent Roll
Four rooms at $950/month and one room at $875/month. Gross monthly income: approximately
$4,675. Gross annual income: approximately $56,100.
Operating Summary
Owner-paid utilities are approximately $700/month. Home warranty approximately $75/month. No
HOA. Mortgage approximately $1,800/month (includes escrow; mortgage is not used in NOI
valuation).
Investment Thesis
The property is best marketed as a turnkey, cash-flowing investment rather than a traditional
single-family residence. Fresh leases, multiple income streams, and proximity to Johns Hopkins
distinguish it from many nearby properties.
Valuation Discussion
Residential comparable sales and the income approach should both be considered. The
appropriate asking price should ultimately be supported by verified comparable sales, legal rental
configuration, and documented operating income.
Marketing Strategy
Target investor buyers seeking immediate cash flow, student housing, healthcare-worker housing,
or long-term hold opportunities. Emphasize occupancy, renovation quality, and operational history.
Next Steps
This memorandum is a preliminary package. A final broker-quality offering memorandum should
incorporate current comparable sales, neighborhood maps, charts, verified operating statements,
and professional photography.
Current Rent Roll
Room
Monthly Rent
1-$950
2-$950
3-$950
4-$950
5-$875
Total
$4,67
Turn Key Home, furniture included....
Contact an agent
Home facts
- Year built:1920
- Subdivision & Development:NONE AVAILABLE
- Listing ID #:MDBA2221552
- Added:74 day(s) ago
- Updated:September 12, 2026 at 01:52 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:6
- Full bathrooms:5
- Half bathrooms:1
- Basement:Yes
- Basement Description:Unfinished
- Living area:1,806 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Central, Natural Gas
Structure and exterior
- Year built:1920
- Building area:1,806 sq. ft.
- Lot area:0.02 Acres
- Architectural Style:Traditional
- Construction Materials:Brick
- Foundation Description:Block
- Levels:3 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$399,999
- Price per sq. ft.:$221.48
- Tax amount:$1,770 (2025)
Parking
- Parking description:On Street
New listings near 942 N Broadway
- Coming Soon
$260,000Coming Soon2 beds 2 baths1,395 sq. ft.8420 Loch Raven Blvd, BALTIMORE, MD 21286
MLS# MDBC2175656Listed by: NORTHROP REALTY - Coming SoonOpen Sun, 10:30am to 12pm
$475,000Coming Soon3 beds 4 baths1,882 sq. ft.3502 Chestnut Ave, BALTIMORE, MD 21211
MLS# MDBA2230880Listed by: BERKSHIRE HATHAWAY HOMESERVICES HOMESALE REALTY - Coming Soon
$565,900Coming Soon2 beds -- baths2,424 sq. ft.1501 E Baltimore St, BALTIMORE, MD 21231
MLS# MDBA2231092Listed by: JPAR REAL ESTATE PROFESSIONALS - Coming Soon
$175,000Coming Soon2 beds 1 baths1,096 sq. ft.617 Brisbane Rd, BALTIMORE, MD 21229
MLS# MDBA2231142Listed by: PEARSON SMITH REALTY, LLC - Coming Soon
$425,000Coming Soon3 beds 4 baths3,000 sq. ft.33 Luzerne Ave N, BALTIMORE, MD 21224
MLS# MDBA2230530Listed by: EXECUHOME REALTY - Coming Soon
$450,000Coming Soon3 beds 3 baths2,600 sq. ft.5007 Ashmans Hope, BALTIMORE, MD 21207
MLS# MDBA2231084Listed by: WEICHERT, REALTORS - Coming Soon
$390,000Coming Soon4 beds 3 baths2,312 sq. ft.2208 Elsinore Ave, BALTIMORE, MD 21216
MLS# MDBA2231120Listed by: BLACKWELL REAL ESTATE, LLC - Coming Soon
$399,000Coming Soon3 beds 2 baths1,500 sq. ft.830 S Luzerne Ave, BALTIMORE, MD 21224
MLS# MDBA2230642Listed by: LPT REALTY, LLC - Coming Soon
$370,000Coming Soon3 beds 2 baths1,386 sq. ft.640 S Belnord Ave, BALTIMORE, MD 21224
MLS# MDBA2231056Listed by: COMPASS - Coming Soon
$289,900Coming Soon3 beds 2 baths1,340 sq. ft.4441 Newport Ave, BALTIMORE, MD 21211
MLS# MDBA2231082Listed by: T&G REAL ESTATE ADVISORS, INC.