Executive Summary Fully renovated, stabilized income-producing property configured as five private bedroom suites with five full baths and one half bath. The property is 100% occupied with newly signed one-year leases and has a proven operating history serving Johns Hopkins students and healthcare professionals. Property Highlights • Approx. 2,400–2,500+ SF • 5 Bedrooms / 5 Full Baths / 1 Half Bath • Dual HVAC systems • Two laundry rooms • New plumbing, electrical, HVAC • Excellent condition • Fully occupied Rent Roll Four rooms at $950/month and one room at $875/month. Gross monthly income: approximately $4,675. Gross annual income: approximately $56,100. Operating Summary Owner-paid utilities are approximately $700/month. Home warranty approximately $75/month. No HOA. Mortgage approximately $1,800/month (includes escrow; mortgage is not used in NOI valuation). Investment Thesis The property is best marketed as a turnkey, cash-flowing investment rather than a traditional single-family residence. Fresh leases, multiple income streams, and proximity to Johns Hopkins distinguish it from many nearby properties. Valuation Discussion Residential comparable sales and the income approach should both be considered. The appropriate asking price should ultimately be supported by verified comparable sales, legal rental configuration, and documented operating income. Marketing Strategy Target investor buyers seeking immediate cash flow, student housing, healthcare-worker housing, or long-term hold opportunities. Emphasize occupancy, renovation quality, and operational history. Next Steps This memorandum is a preliminary package. A final broker-quality offering memorandum should incorporate current comparable sales, neighborhood maps, charts, verified operating statements, and professional photography. Current Rent Roll Room Monthly Rent 1-$950 2-$950 3-$950 4-$950 5-$875 Total $4,67 Turn Key Home, furniture included.
For sale
Price cut: $25K (7/3)
$425,000
942 N Broadway, Baltimore, MD 21205
5beds
1,806sqft
Townhouse
Built in 1920
900 Square Feet Lot
$423,700 Zestimate®
$235/sqft
$-- HOA
What's special
Fully renovatedNew plumbing electrical hvacFive private bedroom suitesTwo laundry roomsDual hvac systems
- 10 days |
- 134 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Song Hong 443-847-2950,
Turn Key Homes Litmited Libability 4438472950
Source: Bright MLS,MLS#: MDBA2221552
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Basement
- Area: 168
Heating
- Central, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Included: Gas Water Heater
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,974
- Total interior livable area: 1,806 sqft
- Finished area above ground: 1,806
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Three
- Stories: 3
- Pool features: None
Lot
- Size: 900 Square Feet
Details
- Additional structures: Above Grade
- Parcel number: 0307061215 020
- Zoning: OR-1
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Traditional
- Property subtype: Townhouse
Materials
- Brick
- Foundation: Block
Condition
- New construction: No
- Year built: 1920
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: $235/sqft
- Tax assessed value: $100,000
- Annual tax amount: $1,770
- Date on market: 6/30/2026
- Listing agreement: Exclusive Agency
- Ownership: Fee Simple
Estimated market value
$423,700
$403,000 - $445,000
$3,122/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/3/2026 | Price change | $425,000-5.6%$235/sqft |
Source: | ||
| 6/30/2026 | Listed for sale | $450,000+900%$249/sqft |
Source: | ||
| 3/23/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/22/2024 | Listed for rent | $4,000$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/16/2021 | Sold | $45,000+100.9%$25/sqft |
Source: Public Record Report a problem | ||
| 12/27/2001 | Sold | $22,400-61.4%$12/sqft |
Source: Public Record Report a problem | ||
| 2/16/2001 | Sold | $58,000-87.1%$32/sqft |
Source: Public Record Report a problem | ||
| 9/1/1998 | Sold | $451,000$250/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $75,000 +1.4% |
| 2024 | $1,746 +1.4% | $73,967 +1.4% |
| 2023 | $1,721 +507.8% | $72,933 +507.8% |
| 2022 | $283 +5.3% | $12,000 +5.3% |
| 2021 | $269 +5.6% | $11,400 +5.6% |
| 2020 | $255 +5.9% | $10,800 +5.9% |
| 2019 | $241 | $10,200 |
| 2018 | $241 | $10,200 |
| 2017 | $241 -0.4% | $10,200 |
| 2016 | $242 | $10,200 |
| 2015 | $242 | $10,200 |
| 2014 | $242 | $10,200 |
| 2013 | -- | $10,200 |
| 2012 | -- | $10,200 |
| 2011 | -- | $10,200 -85.5% |
| 2010 | -- | $70,200 +38.2% |
| 2009 | -- | $50,800 +61.8% |
| 2008 | -- | $31,400 +161.7% |
| 2007 | -- | $12,000 |
| 2006 | -- | $12,000 |
| 2005 | -- | $12,000 |
| 2004 | -- | $12,000 +33.3% |
| 2003 | -- | $9,000 +50% |
| 2002 | -- | $6,000 +100% |
| 2001 | -- | $3,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Gay Street
Nearby schools
GreatSchools rating
- 1/10Dr. Bernard Harris Sr. Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 1/10National Academy FoundationGrades: 6-12Distance: 0.4 mi
- 3/10Paul Laurence Dunbar High SchoolGrades: 9-12Distance: 0.5 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.
A local agent can set up tours, give advice and negotiate with sellers.
- Maryland
- Baltimore City
- Baltimore
- 21205
- Gay Street
- 942 N Broadway





