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Off market
  • $602,100

    509 E Lake Ave, Baltimore, MD 21212

    --beds
    0baths
    3,960sqft
    MultiFamily
    Built in 1941
    -- sqft lot
    $602,100 Zestimate®
    $152/sqft
    $1,622 Estimated rent

    Home value

    $602,100

    $548,000 - $668,000

    $1,622/mo

    Zestimate® history
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    Owner options

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    $1,622/mo

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    $1,622/mo

    Rent Zestimate®

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    $3,938/mo

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    $3,938/mo

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    What's special

    Exciting opportunity to own this multi-unit property in the Belvedere Square/Cedarcroft area of Baltimore. This property has so much potential! This nearly 4,000 SF brick colonial offers four identical two-bedroom units, garage space (currently 2 large garages but could easily be 4 individual units), a basement that is unfinished but has rental potential and a huge attic that also has potential. All units have beautiful original hardwood floors and are well-kept. Each unit has two large bedrooms, 1 full bath, a kitchen, dining room and a living room. 990 SF per unit. All units are metered separately and tenants are responsible for the electric and gas bills. Live in one unit and rent the others or use strictly as an investment property. City inspections and lead certifications can be provided. Currently rents are below-market value. . . room for improvement! Conveniently located between Towson University/Johns Hopkins and downtown, close to I-83 and I-695 and close to hospitals and other amenities makes it an ideal location for renters. Showings will be provided for qualified buyers by listing and co-listing agent only or by an 'open-house' style showing method (one weekday and one weekend). PROPERTY BEING SOLD AS-IS.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Radiant
    Appliances
    • Included: Dryer, Range / Oven, Refrigerator, Washer
    Features
    • Dining Area, Wood Floors, Attic, 2nd Kitchen, Combination Dining/Living, Floor Plan - Traditional, Combination Kitchen/Dining, Additional Stairway
    • Flooring: Hardwood
    • Basement: Partially finished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 3,960 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Garage - Attached
    Features
    • Exterior features: Brick
    Lot
    • Size: 8,276 Square Feet
    Details
    • Parcel number: 27545130007
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Conventional
    Materials
    • brick
    • Roof: Shake / Shingle
    Condition
    • Year built: 1941

    Community & HOA

    Location
    • Region: Baltimore
    • Municipality: Baltimore City

    Financial & listing details

    • Price per square foot: $152/sqft
    • Tax assessed value: $509,833
    • Annual tax amount: $7,999
    • Total actual rent: 43800

    Price history

    DateEventPrice
    12/10/2020Sold$465,000-7%$117/sqft
    Source: Public Record Report a problem
    10/23/2020Pending sale$499,900$126/sqft
    Source: RE/MAX Leading Edge #MDBA524838 Report a problem
    10/16/2020Listed for sale$499,900$126/sqft
    Source: RE/MAX Leading Edge #MDBA527434 Report a problem
    5/13/2017Listing removed$1,000
    Source: R. Reed Enterprises, Inc. Report a problem
    3/16/2017Listed for rent$1,000
    Source: Zillow Rental Manager Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $509,833 +11.6%
    2024$10,785 +9.3%$457,000 +9.3%
    2023$9,870 +10.2%$418,233 -8.5%
    2022$8,955 +11.4%$457,000 +34.1%
    2021$8,041 +0.3%$340,700 +0.3%
    2020$8,020 +0.3%$339,833 -0.3%
    2019$8,000 +0.3%$340,700 +0.8%
    2018$7,979 +2.1%$338,100 +2.1%
    2017$7,813 +33.6%$331,067 +2.2%
    2016$5,846 $324,033 +2.2%
    2015$5,846 $317,000
    2014$5,846 $317,000
    2013-- $317,000 -10.2%
    2012-- $353,000
    2011-- $353,000
    2010-- $353,000 -15.3%
    2009-- $416,770 +16.7%
    2008-- $357,136 +20%
    2007-- $297,503 +25.1%
    2006-- $237,870 +9.4%
    2005-- $217,412 +10.4%
    2004-- $196,956 +11.6%
    2003-- $176,500 +0.3%
    2002-- $175,916 +0.3%
    2001-- $175,333
    Find assessor info on the county website

    Neighborhood: Chinquapin Park-Belvedere

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: BALTIMORE CITY PUBLIC SCHOOLS

    Source: The 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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    Estimated market value
    $602,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $602,100