tomo logo

$489,000

Beds
5
Baths
3.0
sq ft
3,540

2424 E Fayette St, Baltimore, MD 21224

2424 E Fayette St

BALTIMORE, MD 21224

  • 1 day on market
Incredible Investment Opportunity in Baltimore! Perfect for investors looking for a sound investment that will generate income for years or a homeowner that wants to live in one apartment and rent out the other. Be prepared to be amazed with the beautiful renovation including exposed brick throughout, over 12' ceilings and tons of windows for natural light. Welcome to 2424 E Fayette Street, a high-quality, fully renovated (2020) end-of-group (EOG) brick townhouse. Located just two blocks from Patterson Park and less than a mile from Johns Hopkins, this property offers a prime location with modern updates and endless income potential. Featuring two fully separated apartments with private entrances and separate meters, this property is perfect for investors, owner-occupants, or short-term rental entrepreneurs. Unit A features 3 Bedrooms, 2 Full Baths, and a Flexible Lower Level. This expansive unit boasts a bright, open floor plan with exposed brick accents, high ceilings, and recessed lighting throughout. The large kitchen features granite countertops, a breakfast bar, stainless steel appliances, and 42-inch cabinets. Two large lower-level rooms offer flexibility as bedrooms (no windows), a family room, or office space, along with a full bathroom and laundry area. This unit previously rented for $1,880/month and can demand more. Unit B boasts 2 Bedrooms, 1 Full Bath and a Rooftop Deck! This charming second unit offers a stunning open floor plan with a well-appointed kitchen featuring granite countertops, brand-new stainless appliances, and 42-inch cabinets. Exposed brick, high ceilings, and recessed lighting create a modern yet inviting atmosphere. The unit includes two bedrooms, a ceramic-tiled full bath, and a conveniently located washer/dryer off the kitchen. A staircase leads to a private rooftop deck with breathtaking 360-degree city views, ideal for relaxation or entertaining. This unit also previously rented for $1,880/month and can generate more income at present day. Property Highlights include a fully renovated, turn key property with high-end finishes throughout. It can be used also as a short-term rental targeting travel nurses, doctors, and professionals. Walking distance to Patterson Park and easy access to Johns Hopkins, local amenities, and major commuter routes. There are separate entrances and meters for each unit. Don’t miss this exceptional opportunity to own a move-in-ready, income-generating property in one of Baltimore’s most desirable locations. Whether you're looking for a steady rental income, short-term rental business, or multi-generational living, this property has it all. Check out the virtual tours and schedule your showing today!

Details

Property type

Townhouse

Est. home value

$272,864

Lot size

3,360 sq ft

Price per sq ft

$139

Year built

1880

Annual property taxes

$1,772

HOA

No

Price History

01/28/2025
Bright

Bright #MDBA2154236

Listed
$489,000
-6.32%
11/13/2024
Bright

Bright #MDBA2093098

Removed
$522,000
10/21/2024
Bright

Bright #MDBA2093098

Price change
$522,000
+62.11%

Schools & Community

Neighborhood: 

Patterson Place

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks, Street Lights

School district: 

BALTIMORE CITY PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bnc Mortgage Inc

Loan start date

December 2006

Original loan amount

$180,625

Est. remaining balance

Not provided

Interest rate

7.6%

Loan type

Purchase Money Mortgage, 30 year

Seller

Addis F Kezesela

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/30/2025 at 9:10 AM

Listing updated: 01/28/2025 at 3:14 PM

Listed by: Regina Trakhtman, Monument Sotheby's International Realty Phone #: (443) 906-3840

MLS: Bright #MDBA2154236

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