Investor opportunity in the heart of Baltimore! This tenant-occupied 2-bedroom, 1-bath brick rowhome offers immediate rental income with strong long-term upside. **Current rent is $1,250/month with a reliable long-term tenant in place since 01/04/2019**, making this a true turnkey investment. The property features a functional layout with spacious living and dining areas, updated kitchen with modern cabinetry and appliances, and generously sized bedrooms. Neutral finishes and durable flooring make for low-maintenance ownership. Additional highlights include **assigned parking in a private rear lot**—a major bonus for city rentals—along with central air and ample natural light throughout. Located in a convenient East Baltimore corridor, this home provides easy access to major commuter routes, downtown, and neighborhood revitalization projects. Just minutes from Johns Hopkins, Patterson Park, and the vibrant dining and entertainment options of Fells Point and Canton, this area continues to see steady rental demand and appreciation potential. Perfect for investors looking to add a **cash-flowing property** to their portfolio with a tenant already in place. Great opportunity to secure a property in a growing market with built-in income from day one.
For sale
Price cut: $16.3K (8/7)
$146,700
1309 E Madison St, Baltimore, MD 21205
2beds
936sqft
Townhouse
Built in 1982
-- sqft lot
$-- Zestimate®
$157/sqft
$120/mo HOA
What's special
Brick rowhomeFunctional layoutCentral airAmple natural light throughoutNeutral finishesDurable flooringGenerously sized bedrooms
- 137 days |
- 84 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Michael McNamara 443-468-3253,
Allfirst Realty, Inc. 4433201344
Source: Bright MLS,MLS#: MDBA2210154
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Included: Gas Water Heater
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 936
- Total interior livable area: 936 sqft
- Finished area above ground: 936
- Finished area below ground: 0
Property
Parking
- Parking features: Parking Lot
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Pool features: None
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 0310091242 025
- Zoning: R-8
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Traditional
- Property subtype: Townhouse
Materials
- Brick
- Foundation: Permanent
Condition
- New construction: No
- Year built: 1982
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Condo and coop fee: $120 monthly
- Subdivision: None Available
HOA
- Has HOA: No
- Amenities included: None
- Services included: Management
Location
- Region: Baltimore
- Municipality: Baltimore City
Financial & listing details
- Price per square foot: $157/sqft
- Tax assessed value: $72,033
- Annual tax amount: $1,612
- Date on market: 4/10/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: Condominium
Estimated market value
Not available
Estimated sales range
Not available
$1,572/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/7/2026 | Price change | $146,700-10%$157/sqft |
Source:  Bright MLS #MDBA2210154 Report a problem | ||
| 4/10/2026 | Listed for sale | $163,000+30.5%$174/sqft |
Source: Bright MLS #MDBA2210154 Report a problem | ||
| 12/24/2018 | Listing removed | $1,250$1/sqft |
Source: RE/MAX Preferred #1002075650 Report a problem | ||
| 11/24/2018 | Listed for rent | $1,250$1/sqft |
Source: RE/MAX Preferred #1002075650 Report a problem | ||
| 10/15/2018 | Price change | $124,900-7.4%$133/sqft |
Source: RE/MAX PREFERRED #1002075584 Report a problem | ||
| 9/22/2018 | Price change | $134,900-6.9%$144/sqft |
Source: RE/MAX PREFERRED #1002075584 Report a problem | ||
| 7/20/2018 | Listed for sale | $144,900+326.2%$155/sqft |
Source: RE/MAX Preferred #1002075584 Report a problem | ||
| 1/16/2018 | Sold | $34,000-21.6%$36/sqft |
Source: Public Record Report a problem | ||
| 9/16/2017 | Listing removed | $43,346+42.6%$46/sqft |
Source: Auction.com Report a problem | ||
| 9/1/2017 | Listed for sale | -- |
Source: Auction.com Report a problem | ||
| 8/17/2017 | Sold | $30,400-32.4%$32/sqft |
Source: Public Record Report a problem | ||
| 3/4/1996 | Sold | $45,000+136.8%$48/sqft |
Source: Public Record Report a problem | ||
| 9/29/1995 | Sold | $19,000-55%$20/sqft |
Source: Public Record Report a problem | ||
| 4/17/1995 | Sold | $42,250-21.3%$45/sqft |
Source: Public Record Report a problem | ||
| 2/2/1995 | Sold | $53,700$57/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $68,300 +9% |
| 2024 | $1,479 +9.9% | $62,667 +9.9% |
| 2023 | $1,346 +11% | $57,033 +11% |
| 2022 | $1,213 +10% | $51,400 +10% |
| 2021 | $1,103 +11.1% | $46,733 +11.1% |
| 2020 | $993 +12.5% | $42,067 +12.5% |
| 2019 | $883 | $37,400 |
| 2018 | $883 | $37,400 |
| 2017 | $883 -36.9% | $37,400 -50.1% |
| 2016 | $1,399 | $75,000 |
| 2015 | $1,399 | $75,000 |
| 2014 | $1,399 | $75,000 |
| 2013 | -- | $75,000 |
| 2012 | -- | $75,000 |
| 2011 | -- | $75,000 -16.7% |
| 2010 | -- | $90,000 +14.9% |
| 2009 | -- | $78,332 +17.5% |
| 2008 | -- | $66,666 +21.2% |
| 2007 | -- | $55,000 +3.1% |
| 2006 | -- | $53,332 +3.2% |
| 2005 | -- | $51,666 +3.3% |
| 2004 | -- | $50,000 +3.5% |
| 2003 | -- | $48,332 +3.6% |
| 2002 | -- | $46,666 +3.7% |
| 2001 | -- | $45,000 |
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: Old Town
Nearby schools
GreatSchools rating
- 1/10Johnston Square Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 2/10National Academy FoundationGrades: 6-12Distance: 0.2 mi
- 4/10Paul Laurence Dunbar High SchoolGrades: 9-12Distance: 0.2 mi
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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A local agent can set up tours, give advice and negotiate with sellers.
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