2405 BARCLAY ST, Baltimore, MD 21218

• 20,000 sqft

Property Description

2405 Barclay Street offers a unique opportunity for an owner-occupant seeking to build long-term wealth through real estate. By living in one apartment and renting the remaining two, a purchaser can offset a significant portion of the monthly housing expense while benefiting from rental income, principal reduction, and future appreciation. With three one-bedroom apartments, individual utilities, and below-market rents that offer future upside, the property provides both immediate housing and the opportunity to grow cash flow over time as apartments turn over. Example Owner-Occupant Financing Scenario* ●3.5% Down Payment ●Purchase Price: $369,000 ●Loan Amount: $356,085 ●Interest Rate: 6.00% ●30-Year Fixed Mortgage ●Estimated Monthly PITI + Mortgage Insurance: $3,064 ●Rental Income from Two Apartments: $2,600/month ●Estimated Monthly Housing Cost for Owner: Approximately $464/month *Illustrative financing example only. Financing programs, down payment requirements, occupancy requirements, and loan approval vary by lender. For investors, at $116,667 per unit, 2405 Barclay Street offers a lower-cost opportunity to acquire a three-unit apartment building in one of central Baltimore's most renter-supported neighborhoods. Recent census data indicates that 58% of neighborhood households rent their homes, while the surrounding housing stock remains predominantly single-family, helping support continued demand for apartment housing. Current rents remain below market, creating an opportunity to increase income as apartments turn over. For an investor utilizing conventional financing with a 20% down payment, the property produces a projected 8.75% capitalization rate and a 10.2% cash-on-cash return at market rents, illustrating the long-term income potential available through market rent alignment.

Listing Status:

Active

Data Last Updated:

July 5, 2026 at 7:16AM

Listing Office:

Ben Frederick Realty, Inc. : 4102359500

Listing Agent:

Thomas H Fair : 4102355200

MLS ID:

MDBA2221274

Interior

• Basement: UnfinishedInterior access
• A/C: Central A/C
• Heating: Heat Pump(s)Electric
• Disability Feature: None

Exterior

• General: Above GradeBelow Grade
• Style: Converted Dwelling

Construction

• General: BrickStone

Location

• Originating MLS: BRIGHT_MAIN
• School District: BALTIMORE CITY PUBLIC SCHOOLS
• County: BALTIMORE CITY-MD

Lot

• Zoning: R-80312153826 003

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN
• Exclusions: Tenant's possessions.