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.
Off market
$588,000
509 E Lake Ave, Baltimore, MD 21212
--beds
0baths
3,960sqft
MultiFamily
Built in 1941
-- sqft lot
$588,000 Zestimate®
$148/sqft
$1,666 Estimated rent
What's special
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 sqft
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 & neighborhood
Location
- Region: Baltimore
- Municipality: Baltimore City
HOA & financial
Other financial information
- Total actual rent: 43800
Other
Other facts
- Appliances: Refrigerator, Exhaust Fan, Water Heater, Dryer, Washer, Oven/Range - Gas
- GarageYN: true
- AttachedGarageYN: true
- HeatingYN: true
- CoolingYN: true
- StructureType: Detached
- NumberOfUnitsTotal: 4
- ConstructionMaterials: Brick
- Cooling: Window Unit(s), Ceiling Fan(s)
- ArchitecturalStyle: Colonial
- SpecialListingConditions: Standard
- ParkingFeatures: Driveway, Storage, Off Street, Attached Garage, Basement Garage, Garage Faces Rear, Concrete
- CoveredSpaces: 4
- InteriorFeatures: Dining Area, Wood Floors, Attic, 2nd Kitchen, Combination Dining/Living, Floor Plan - Traditional, Combination Kitchen/Dining, Additional Stairway
- Heating: Radiator
- TotalActualRent: 43800.00
- MlsStatus: Pending
- Municipality: Baltimore City
- TaxAnnualAmount: 7999.0
Services availability

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$588,000
2% more+ $11,760
With Zillow Showcase(estimated)
$599,760