Investor opportunity! Don't miss this legally registered two-unit property offering immediate rental income and excellent investment potential. Currently tenant-occupied on a month-to-month basis, this property provides flexibility for investors looking to continue renting or explore future options. Each unit has separate utilities, including two electrical panels, two gas boilers, and two gas hot water heaters. Unit 1 occupies the main level and lower level and features 2 bedrooms, 2 full baths, a spacious eat-in kitchen, living room, and a versatile utility/recreation room. Unit 2 is located on the upper level and offers 1 bedroom, 1 full bath, a comfortable living area, and an eat-in kitchen. The property is registered with Baltimore City as a legal two-unit dwelling and is being sold as an investment opportunity. Financing is limited to conventional, cash, or hard money loans. Whether you're looking to expand your rental portfolio or add a cash-flowing asset, this property is one you won't want to miss.
For sale
$199,000
1229 Steelton Ave, Baltimore, MD 21224
3beds
1,478sqft
Townhouse
Built in 1943
-- sqft lot
$194,700 Zestimate®
$135/sqft
$-- HOA
What's special
Eat-in kitchenSpacious eat-in kitchen
- 25 days
- 369
- 11
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Heather Crawford 443-271-3565,
Redfin Corp 4102028454
Source: Bright MLS,MLS#: MDBA2226894
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
- Main level bedrooms: 1
Basement
- Area: 594
Heating
- Other, Natural Gas
Cooling
- Window Unit(s), Electric
Appliances
- Included: Gas Water Heater
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 1,782
- Total interior livable area: 1,478 sqft
- Finished area above ground: 1,188
- Finished area below ground: 290
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Three
- Stories: 3
- Pool features: None
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 0326016766 024
- Zoning: R-7
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Colonial
- Property subtype: Townhouse
Materials
- Brick
- Foundation: Other
Condition
- New construction: No
- Year built: 1943
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: None Available
HOA
- Has HOA: No
Location
- Region: Baltimore
- Municipality: Baltimore City
Financial & listing details
- Price per square foot: $135/sqft
- Tax assessed value: $159,567
- Annual tax amount: $3,736
- Date on market: 8/7/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Estimated market value
$194,700
$185,000 - $204,000
$2,588/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/7/2026 | Listed for sale | $199,000+151.9%$135/sqft |
Source:  Bright MLS #MDBA2226894 Report a problem | ||
| 12/19/2006 | Sold | $79,000$53/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $158,300 +6.5% |
| 2024 | $3,509 +6.9% | $148,700 +6.9% |
| 2023 | $3,283 +7.4% | $139,100 +7.4% |
| 2022 | $3,056 +4% | $129,500 +4% |
| 2021 | $2,940 +4.1% | $124,567 +4.1% |
| 2020 | $2,823 +4.3% | $119,633 +4.3% |
| 2019 | $2,707 +2.3% | $114,700 +2.3% |
| 2018 | $2,646 +2.3% | $112,133 +2.3% |
| 2017 | $2,586 +15.4% | $109,567 +2.4% |
| 2016 | $2,241 | $107,000 +4% |
| 2015 | $2,241 | $102,867 +4.2% |
| 2014 | $2,241 | $98,733 +4.4% |
| 2013 | -- | $94,600 |
| 2012 | -- | $94,600 |
| 2011 | -- | $94,600 -26.4% |
| 2010 | -- | $128,460 +24.3% |
| 2009 | -- | $103,316 +32.2% |
| 2008 | -- | $78,173 +47.4% |
| 2007 | -- | $53,030 +5.2% |
| 2006 | -- | $50,396 +5.5% |
| 2005 | -- | $47,763 +5.8% |
| 2004 | -- | $45,130 +1.7% |
| 2003 | -- | $44,362 +1.8% |
| 2002 | -- | $43,596 +1.8% |
| 2001 | -- | $42,830 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Graceland Park
Nearby schools
Schools provided by the listing agent
- District: Baltimore City Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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