Absolutely awesome turn-key investment property which offers terrific cash flow. Tenant in place for 4 years and pays $600 per month. Investment analysis suggests a 61% cash-on-cash return with a 20% down payment. GRI is $600 (Debt Service is $247.58) = CASH FLOW OF ***$352.42*** per month. This 'deal' won't last, so act fast.
Sold for $38,500
$38,500
31 Gorman Ave, Baltimore, MD 21223
2beds
1baths
--sqft
Townhouse
Built in 1920
951 Square Feet Lot
$-- Zestimate®
$--/sqft
$1,466 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,466/mo
Zestimate® history
Owner options
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$1,466/mo
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$1,466/mo
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$210/mo
Est. payment
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$210/mo
Est. payment
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List your homeWhat's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Features
- Has fireplace: Yes
Property
Features
- Exterior features: Wood
Lot
- Size: 951 Square Feet
Details
- Parcel number: 20142153069
Construction
Type & style
- Home type: Townhouse
- Architectural style: Conventional
Condition
- Year built: 1920
Community & HOA
Location
- Region: Baltimore
Financial & listing details
- Tax assessed value: $45,133
Price history
| Date | Event | Price |
|---|---|---|
| 12/23/2025 | Sold | $38,500+10.3% |
Source: Public Record Report a problem | ||
| 12/3/2009 | Listing removed | $34,900 |
Source: RE/MAX Specialists #BA7186828 Report a problem | ||
| 10/21/2009 | Listed for sale | $34,900+217.3% |
Source: RE/MAX Specialists #BA7186828 Report a problem | ||
| 2/27/2004 | Sold | $11,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $45,133 +28.7% |
| 2024 | $828 +40.3% | $35,067 +40.3% |
| 2023 | $590 +11.9% | $25,000 |
| 2022 | $527 +13.6% | $25,000 +27.1% |
| 2021 | $464 +15.7% | $19,667 +15.7% |
| 2020 | $401 | $17,000 |
| 2019 | $401 | $17,000 |
| 2018 | $401 -32% | $17,000 -32% |
| 2017 | $590 +46.5% | $25,000 +11.9% |
| 2016 | $403 | $22,333 +13.6% |
| 2015 | $403 | $19,667 +15.7% |
| 2014 | $403 | $17,000 |
| 2013 | -- | $17,000 |
| 2012 | -- | $17,000 |
| 2011 | -- | $17,000 +4.1% |
| 2010 | -- | $16,332 +4.3% |
| 2009 | -- | $15,666 +4.4% |
| 2008 | -- | $15,000 |
| 2007 | -- | $15,000 |
| 2006 | -- | $15,000 -11.8% |
| 2005 | -- | $17,000 |
| 2004 | -- | $17,000 |
| 2003 | -- | $17,000 |
| 2002 | -- | $17,000 +1% |
| 2001 | -- | $16,832 |
Find assessor info on the county website
Neighborhood: Penrose-Fayette Street Outreach
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Nearby schools
GreatSchools rating
- 4/10Mary Ann Winterling Elementary SchoolGrades: PK-5Distance: 0.2 mi
- NABluford Drew Jemison Stem Academy WestGrades: 6-12Distance: 0.9 mi
- 2/10Vivien T. Thomas Medical Arts AcademyGrades: 9-12Distance: 0.7 mi
