Turnkey Investment Property – South Baltimore / Federal Hill (21230)
Tenant in Place | Immediate Cash Flow | Direct Sale by Owner
Rare opportunity to acquire a fully stabilized, professionally managed single-family rental in one of Baltimore's most sought-after neighborhoods - Federal Hill - South Baltimore.
The property is currently leased through April 2027 at $3,650/month with a reliable long-term tenant in place, offering a buyer immediate income from day one with zero vacancy risk.
Property Details
4 Bedrooms / 3.5 Bathrooms
Annual gross rent: $43,800
Lease in effect through April 2027
Professionally managed (Port City Management)
Recently updated - light cosmetic improvements completed
Direct sale by owner - no listing agent, streamlined closing possible
Ideal For
Buy-and-hold investors seeking stabilized cash flow
1031 exchange buyers with timeline pressure
Out-of-state investors wanting a managed, hands-off asset
Available upon request: signed lease, rent payment history, property photos, and full address. Serious inquiries only - proof of funds or pre-approval requested before showing.
Serious offers reviewed promptly.
DM or contact directly to discuss.
For sale by owner
$499,999
1125 Race St, Baltimore, MD 21230
4beds
4baths
2,100sqft
SingleFamily
Built in 2007
1,307 Square Feet Lot
$-- Zestimate®
$238/sqft
$-- HOA
Overview
- 47 days |
- 812 |
- 43 |
Listed by:
Property Owner (571) 435-5287
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Forced air
Cooling
- Other
Appliances
- Included: Dryer, Washer
- Laundry: In Unit
Features
- Flooring: Hardwood
- Has fireplace: Yes
Interior area
- Total interior livable area: 2,100 sqft
Property
Parking
- Parking features: None, Garage
Features
- Exterior features: Other, Brick
Lot
- Size: 1,307 Square Feet
Details
- Parcel number: 23050948017
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Conventional
Materials
- Frame
- Roof: Built-up
Condition
- New construction: No
- Year built: 2007
Community & HOA
Location
- Region: Baltimore
Financial & listing details
- Price per square foot: $238/sqft
- Tax assessed value: $409,200
- Date on market: 5/23/2026
Estimated market value
Not available
Estimated sales range
Not available
$3,750/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/23/2026 | Listed for sale | $499,9990%$238/sqft |
Source: Owner Report a problem | ||
| 4/3/2026 | Listing removed | $3,650$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/3/2026 | Listed for rent | $3,650+7.4%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/27/2026 | Listing removed | $500,000$238/sqft |
Source: | ||
| 12/4/2025 | Price change | $500,000-4.8%$238/sqft |
Source: | ||
| 11/17/2025 | Price change | $525,000-4.5%$250/sqft |
Source: | ||
| 11/11/2025 | Listed for sale | $550,000-3.5%$262/sqft |
Source: | ||
| 11/6/2025 | Listing removed | $3,400$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/23/2025 | Price change | $3,400-5.6%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/16/2025 | Price change | $3,600-5.3%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/1/2025 | Listed for rent | $3,800+18.8%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/29/2025 | Listing removed | $570,000$271/sqft |
Source: | ||
| 9/22/2025 | Price change | $570,000-0.9%$271/sqft |
Source: | ||
| 9/10/2025 | Price change | $575,000-4.2%$274/sqft |
Source: | ||
| 8/26/2025 | Price change | $599,999-4%$286/sqft |
Source: | ||
| 8/7/2025 | Price change | $625,000-3.8%$298/sqft |
Source: | ||
| 7/24/2025 | Listed for sale | $650,000+38%$310/sqft |
Source: | ||
| 5/27/2022 | Sold | $471,000+4.7%$224/sqft |
Source: | ||
| 5/17/2022 | Pending sale | $450,000$214/sqft |
Source: | ||
| 4/19/2022 | Contingent | $450,000$214/sqft |
Source: | ||
| 4/18/2022 | Listed for sale | $450,000+51.5%$214/sqft |
Source: | ||
| 2/19/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 2/9/2021 | Listed for rent | $3,200+3.2%$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 6/5/2017 | Listing removed | $3,100$1/sqft |
Source: Zillow Rental Network Report a problem | ||
| 5/29/2017 | Price change | $3,100-8.8%$1/sqft |
Source: Zillow Rental Network Report a problem | ||
| 5/16/2017 | Listed for rent | $3,400$2/sqft |
Source: Zillow Rental Network Report a problem | ||
| 10/13/2010 | Sold | $297,000-10.1%$141/sqft |
Source: Public Record Report a problem | ||
| 4/6/2010 | Sold | $330,282+1405.9%$157/sqft |
Source: Public Record Report a problem | ||
| 2/7/2007 | Sold | $21,933-85.4%$10/sqft |
Source: Public Record Report a problem | ||
| 11/15/2005 | Sold | $150,000$71/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $409,200 +9.8% |
| 2024 | $8,798 +10.8% | $372,800 +10.8% |
| 2023 | $7,939 | $336,400 |
| 2022 | $7,939 | $336,400 |
| 2021 | $7,939 -10.9% | $336,400 -10.9% |
| 2020 | $8,914 | $377,700 |
| 2019 | $8,914 | $377,700 |
| 2018 | $8,914 -2.3% | $377,700 -2.3% |
| 2017 | $9,124 +28.4% | $386,600 +7.8% |
| 2016 | $7,106 | $358,600 +8.5% |
| 2015 | $7,106 | $330,600 +9.3% |
| 2014 | $7,106 | $302,600 +0.3% |
| 2013 | -- | $301,733 +0.3% |
| 2012 | -- | $300,867 +0.3% |
| 2011 | -- | $300,000 -39% |
| 2010 | -- | $491,466 +1.5% |
| 2009 | -- | $484,033 +1.6% |
| 2008 | -- | $476,600 +1080.7% |
| 2007 | -- | $40,366 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Sharp-Leadenhall
Nearby schools
GreatSchools rating
- 7/10Federal Hill Preparatory SchoolGrades: PK-5Distance: 0.3 mi
- 1/10National Academy FoundationGrades: 6-12Distance: 1.8 mi
- 1/10Digital Harbor High SchoolGrades: 9-12Distance: 0.5 mi
A local agent can set up tours, give advice and negotiate with sellers.






