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442 E LORRAINE AVE Baltimore, MD 21218
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,344 sqft
Price per Sqft $1,063
Subdivision Harwood
MLS Listing ID MDBA2199894
Style Other
Bedrooms 3
Full Baths 1
HOA Y/N N
Abv Grd Liv Area 1,344
Year Built 1900
Annual Tax Amount $2,478
Tax Year 2025
Source BRIGHT
Property Description
This 11 Single Family Baltimore portfolio generates $176,252 annually, with a pro forma of $219,840 at market rents. Year 1 NOI is $131,904, growing to $152,822 by Year 5. Investors benefit from a 9.22% cap rate, rising to 10.69% by Year 5, offering strong cash flow and value-add potential.
The portfolio features 9 out of 11 lead-free, two- and three-bedroom homes with 1–2 bathrooms, hardwood floors, granite countertops, updated cabinetry, and appliances. Select units (1219 Glyndon Ave, 1115 Carroll St) include in-unit washers/dryers, and 1202 Sargeant St has central A/C. Many offer basements for storage or expansion.
Located in ZIP codes 21223, 21230, 21216, and 21218 (serving 128,000+ residents), the properties are near Johns Hopkins University (30,000+ students), University of Maryland, Baltimore (6,900 students, 8,000+ staff), and major employers like Johns Hopkins Hospital (30,000+ employees). Transit options include MARC Train, Metro SubwayLink, and Light RailLink for connectivity across Baltimore and to Washington, D.C.
Location
State MD
County Baltimore City
Zoning R-8
Rooms
Main Level Bedrooms 3
Interior
Hot Water Other
Heating Radiator
Cooling Other
Fireplace N
Heat Source Other
Exterior
Water Access N
Accessibility Other
Garage N
Building
Story 2
Above Ground Finished SqFt 1344
Sewer Other
Water Other
Architectural Style Other
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Senior Community No
Tax ID 0312173836A047
Ownership Other
SqFt Source 1344
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS