702 Homestead St, Baltimore, MD 21218

Why rent when you can own—and have your tenants help pay the mortgage? 702 Homestead Street is a licensed 4-unit building in Baltimore’s Better Waverly neighborhood, offering a unique opportunity for an owner-occupant to move into a freshly improved apartment while collecting rent from three other two-bedroom units. The vacant unit features updated finishes, in-unit laundry hookups, and direct access to a rear yard—ideal for a private outdoor retreat. The property is separately metered for gas and electric, with each unit featuring its own furnace, central air conditioning, and electric water heater. A 2020 roof, updated PVC and C-PVC plumbing, and modern wood-framed replacement windows reduce future capital expense risk. While the owner currently pays water and sewer, a savvy house hacker could implement utility billbacks in the future to further reduce monthly out-of-pocket costs. Located in a neighborhood where over half of residents own their homes, this property benefits from well-maintained surroundings and strong community pride. Just a 4-minute walk from Giant Food, Waverly Ace Hardware, the YMCA, and the Enoch Pratt Library, tenants (and you) will enjoy daily convenience. The 32nd Street Farmers Market is just around the corner, and the Johns Hopkins University Homewood Campus is less than a mile away. With modern building systems, stable rental income, and room to grow returns over time, 702 Homestead is a smart choice for both lifestyle and long-term wealth.