Incredible investment opportunity! Turnkey, occupied subsidized rental with 14+ YEAR TENANCY and strong flip potential – this booming corridor supports post-renovation values of $345K! Currently leased through the Section 8 program for a whopping $1,836 per month, this well-maintained end-unit is an investor’s dream. 2421 E Madison St boasts three finished levels, exposed brick, LVP flooring, recessed lighting, and modern kitchen updates including cabinetry, countertops, and appliances. Bathrooms have been tastefully remodeled, and the finished basement features a sleek cut-out stair design that adds architectural interest. With a written lease, LEAD FREE lead certificate, and rental license in hand along with being in compliance with Section 8 inspections, this is a true plug-and-play rental. It’s also located just .5 miles from renowned Johns Hopkins Hospital and Baltimore’s beloved Patterson Park, complete with walking paths, tennis courts, ballfields, a skating rink, lake, swimming pool, and year-round events! Don’t miss your chance to add this outstanding property to your rental portfolio today! Interested in a potential future flip? This home could achieve a sales price of $345K! See 2315 Ashland Ave – just 2.5 blocks from 2421 E Madison St, similar size, also 4 bedrooms, with a finished basement and sold for $345K on 2/10/2025. See 2220 E Madison St, just 3.5 blocks from 2421 E Madison St, similar size and sold for $341,960 on 12/27/2024. This one won’t last long!
Sold for $158,000
$158,000
2421 E Madison St, Baltimore, MD 21205
4beds
1,300sqft
Townhouse
Built in 1920
980 Square Feet Lot
$244,700 Zestimate®
$122/sqft
$2,280 Estimated rent
Home value
$244,700
$215,000 - $274,000
$2,280/mo
Zestimate® history
Owner options
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$2,280/mo
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$860/mo
Est. payment
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$860/mo
Est. payment
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List your homeWhat's special
Finished basementArchitectural interestWell-maintained end-unitRecessed lightingBooming corridorExposed brickLvp flooring
Zillow last checked:
Listing updated:
Listed by:
Jamie Koehler 443-604-5875,
Cummings & Co. Realtors
Bought with:
Alfonzo Bell, 5018459
Bell Block Group
Source: Bright MLS,MLS#: MDBA2170622
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Bedroom 1
- Level: Upper
Bedroom 2
- Level: Upper
Bedroom 3
- Level: Upper
Bathroom 1
- Level: Upper
Bathroom 2
- Level: Lower
Bonus room
- Level: Lower
Dining room
- Level: Main
Family room
- Level: Lower
Half bath
- Level: Main
Kitchen
- Level: Main
Laundry
- Level: Lower
Living room
- Level: Main
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Dryer, Oven, Oven/Range - Gas, Refrigerator, Cooktop, Washer, Water Heater, Electric Water Heater
- Laundry: In Basement, Dryer In Unit, Has Laundry, Lower Level, Washer In Unit, Laundry Room
Features
- Bathroom - Stall Shower, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Combination Dining/Living, Combination Kitchen/Dining, Dining Area, Family Room Off Kitchen, Open Floorplan, Eat-in Kitchen, Kitchen - Table Space, Recessed Lighting, Upgraded Countertops, Dry Wall, High Ceilings
- Flooring: Luxury Vinyl, Carpet
- Doors: Six Panel, Storm Door(s)
- Basement: Connecting Stairway,Partial,Finished,Heated,Improved,Interior Entry,Space For Rooms,Windows,Walk-Out Access,Exterior Entry
- Has fireplace: No
Interior area
- Total structure area: 1,300
- Total interior livable area: 1,300 sqft
- Finished area above ground: 1,300
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Three
- Stories: 3
- Patio & porch: Patio, Enclosed
- Exterior features: Lighting, Rain Gutters, Sidewalks, Street Lights
- Pool features: None
- Fencing: Partial,Back Yard,Masonry/Stone
- Has view: Yes
- View description: City, Street
Lot
- Size: 980 sqft
- Features: Corner Lot, Corner Lot/Unit
Details
- Additional structures: Above Grade
- Parcel number: 0307011624 041
- Zoning: R-8
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Federal
- Property subtype: Townhouse
Materials
- Other, Concrete, Brick
- Foundation: Other
Condition
- Excellent
- New construction: No
- Year built: 1920
- Major remodel year: 2010
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Main Entrance Lock, Smoke Detector(s), Security Gate
Location
- Region: Baltimore
- Subdivision: Mcelderry Park
- Municipality: Baltimore City
HOA & financial
Other financial information
- Total actual rent: 22032
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Ownership: Ground Rent
Price history
| Date | Event | Price |
|---|---|---|
| 12/9/2025 | Sold | $158,000-4.2%$122/sqft |
Source:  Bright MLS #MDBA2170622 Report a problem | ||
| 10/17/2025 | Pending sale | $165,000$127/sqft |
Source: Bright MLS #MDBA2170622 Report a problem | ||
| 9/12/2025 | Listed for sale | $165,000$127/sqft |
Source: Bright MLS #MDBA2170622 Report a problem | ||
| 8/11/2025 | Pending sale | $165,000$127/sqft |
Source: Bright MLS #MDBA2170622 Report a problem | ||
| 7/22/2025 | Listed for sale | $165,000$127/sqft |
Source: Bright MLS #MDBA2170622 Report a problem | ||
| 6/25/2025 | Pending sale | $165,000$127/sqft |
Source: Bright MLS #MDBA2170622 Report a problem | ||
| 6/14/2025 | Listed for sale | $165,000+560%$127/sqft |
Source: Bright MLS #MDBA2170622 Report a problem | ||
| 8/14/2011 | Listing removed | $1,800$1/sqft |
Source: Dominion Management Report a problem | ||
| 6/17/2011 | Listed for rent | $1,800$1/sqft |
Source: Dominion Management Report a problem | ||
| 11/18/2010 | Sold | $25,000+1900%$19/sqft |
Source: Public Record Report a problem | ||
| 9/7/2000 | Sold | $1,250-93.1%$1/sqft |
Source: Public Record Report a problem | ||
| 5/25/1999 | Sold | $18,116-49.7%$14/sqft |
Source: Public Record Report a problem | ||
| 9/10/1997 | Sold | $36,000$28/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $44,000 +8.2% |
| 2024 | $960 +8.9% | $40,667 +8.9% |
| 2023 | $881 +9.8% | $37,333 +9.8% |
| 2022 | $802 +9.7% | $34,000 +9.7% |
| 2021 | $732 +10.7% | $31,000 +10.7% |
| 2020 | $661 +12% | $28,000 +12% |
| 2019 | $590 | $25,000 |
| 2018 | $590 | $25,000 |
| 2017 | $590 -0.4% | $25,000 |
| 2016 | $592 | $25,000 |
| 2015 | $592 | $25,000 |
| 2014 | $592 | $25,000 |
| 2013 | -- | $25,000 |
| 2012 | -- | $25,000 |
| 2011 | -- | $25,000 -50.1% |
| 2010 | -- | $50,100 +45.6% |
| 2009 | -- | $34,400 +84% |
| 2008 | -- | $18,700 +523.3% |
| 2007 | -- | $3,000 |
| 2006 | -- | $3,000 |
| 2005 | -- | $3,000 |
| 2004 | -- | $3,000 |
| 2003 | -- | $3,000 |
| 2002 | -- | $3,000 -85.7% |
| 2001 | -- | $21,000 |
Find assessor info on the county website
Neighborhood: Milton - Montford
Nearby schools
GreatSchools rating
- 1/10Tench Tilghman Elementary SchoolGrades: PK-8Distance: 0.2 mi
- 1/10National Academy FoundationGrades: 6-12Distance: 0.8 mi
- 3/10Paul Laurence Dunbar High SchoolGrades: 9-12Distance: 0.9 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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- Maryland
- Baltimore City
- Baltimore
- 21205
- Milton - Montford
- 2421 E Madison St
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