503 Radnor Avenue
Baltimore, MD 21212
- – beds
- – baths
- 5,040 sqft
- 9,664 sqft lot
- $88 per sqft
- 1920 build
Top Four Reasons to Buy: 1. Long-term tenant retention, ensuring consistent cash flow; 2. Opportunity to organically increase below-market rent; 3.Licensed for 6 dwelling units, with the opportunity to convert the basement into a livable 6th unit for added rental income (value add); 4. Prime location for car-free living, featuring a Walk Score of 86, access to the CityLink RED bus, and proximity to the Waverly Farmers Market and the Baltimore City/County line! The kitchens feature laminate countertops, wood cabinets, and stainless-steel sinks, providing tenants with functional, low-maintenance spaces. Most apartments are equipped with 30” gas or electric ranges (Apartment 2 includes a smaller 24” gas range). The laminate and ceramic tile kitchen floors are durable and easy to clean, minimizing upkeep for tenants and reducing wear during turnovers. These large two-bedroom units offer ample space, and some apartments include both living and dining rooms. Bathrooms offer modern vanities and a mix of steel and cast-iron tubs with vinyl enclosures. Ceramic tile or laminate floors in the bathrooms are built for longevity and simple maintenance. Apartment 2 includes a private sun porch, and Apartment 4 showcases wood-paneled, floor-to-ceiling windows in the dining room, adding charm and natural light. The property also includes an expansive unfinished basement with plenty of space and potential for development. Importantly, while built out as 5 apartments, 503 Radnor is already licensed for 6 apartments, allowing for an immediate opportunity to convert the basement into a 6th apartment. This space features multiple areas and open layouts, making it a flexible option for a future renovation project. Converting the basement into an additional unit would maximize the building’s footprint and provide added rental income and long-term value for the next owner. Each apartment has its own heating system, with either a gas-fired furnace or electric heat pump, and all units have central air conditioning for year-round comfort. Apartments 1 and 3 have individual water heaters, while the other units share a water heater. The property has 400 amps of electrical service with 100 amps allocated to each apartment. The building features a slate roof on the original structure, a rubber roof on the rear addition, and an asphalt shingle roof on the front porch. Additionally, four off-street parking spaces in the front are leased, providing additional monthly rental income. LiveBaltimore describes Northwood as a quaint neighborhood with tree-lined streets, where many residents have lived their entire lives. The average length of tenancy at 503 Radnor is 2 years and 3 months, highlighting strong tenant retention for this affordable Baltimore multi-family. Tenants can easily rely on public transportation, with the CityLink RED bus offering convenient access along York Road. With a Walk Score of 86, this location promotes affordable, car-free living in a transit-friendly community. Just 1.5 miles to the south, the Waverly Arts District offers access to the year-round Waverly Farmers Market, providing fresh, local food. Just one mile north is the Baltimore City/County line, offering tenants mobility to points in Towson/Lutherville and south (downtown Baltimore) for all lifestyle needs. At a great entry-level price per door for the cash flow it generates, 503 Radnor is ideal for new investors looking to dip their toes into the market; it also appeals to those seeking stability with a creative side, offering room for future renovations, such as finishing the basement into a livable 6th unit. Schedule your showing today and explore the possibilities this property has to offer.
Listing courtesy of BRIGHT / Ben Frederick Realty, Inc.
Last checked:
Checking…
•
Last updated Nov 12, 2024
•
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
MLS# MDBA2146492 —
The Building
-
Year Built:1920
-
Year Built Source:Assessor
-
New Construction:No
-
Construction Materials:Frame, Vinyl Siding
-
Structure Type:Detached
-
Architectural Style:Converted Dwelling
-
Building Levels:3
-
Building Units Total:4
-
Roof:Asphalt, Slate
-
Accessibility Features:None
-
Foundation Details:Stone
-
Building Winterized:No
-
Total SqFt Source:Assessor
-
Total Below Grade SqFt:2016
-
Total Below Grade SqFt Source:Assessor
-
Tax Total Finished SqFt:5040
Interior
-
Fireplace:No
-
Living Area SqFt Source:Assessor
Room Dimensions
-
Total SqFt:7056
-
Living Area SqFt:5,040 Sqft
Financial & Terms
-
Sale Type:Standard
-
Possession:Settlement, Subject to Existing Lease
Location
-
Directions:GPS
-
Cross Street:York Road
-
Latitude:39.34764000
-
Longitude:-76.60922000
The Property
-
Property Subtype:Other
-
Property Type:Multi-Family
-
Lot Size Units:Square Feet
-
Lot Size Acres:0.22
-
Lot Size Source:Assessor
-
Lot SqFt:9,664 Sqft
-
Inclusions:4 30" ranges, 1 24" range. 5 refrigerators. 5 clothes washers & 5 clothes dryers
-
Exclusions:Tenants possessions excluded
-
Zoning Description:Licensed for 6 Dwelling Units.
-
Zoning:R-6
-
In City Limits:Yes
-
Other Structures:Above Grade, Below Grade
-
Water View:No
-
Waterfront:No
-
Water Oriented:No
-
Water Access:No
-
Navigable Water:No
-
Tidal Water:No
-
Land Use Code:R
-
Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (410) 916-3331
- Office phone:
- (410) 235-9500
Taxes
-
Tax ID Number:0327435213 006
-
Tax Year:2024
-
Tax Lot:006
-
Tax Annual Amount:$6,242
-
Tax Assessed Value:$264,500
-
Year Assessed:2024
-
County Tax:296.00
-
City/Town Tax:5946.00
-
Total Taxes Payment Frequency:Annually
Heating & Cooling
-
Cooling Type:Central A/C
-
Central Air:Yes
-
Cooling Fuel:Electric
-
Heating:Yes
-
Heating Type:Heat Pump(s), Forced Air
-
Heating Fuel:Natural Gas, Electric
Utilities
-
Sewer/Septic:Public Sewer
-
Electric Service:200+ Amp Service
-
Hot Water:Electric
-
Water Source:Public
Schools
-
School District Name:Baltimore City Public Schools
-
School District Source:Listing Agent
The Community
-
Subdivision Name:Northwood
-
Pool:No Pool
-
Cap Rate:9.02
Parking
-
Total Garage and Parking Spaces:4
-
Garage:No
-
Type of Parking:Driveway
-
Driveway - # of Spaces:4
Extra Units
-
Vacation Rental:No
-
Two Bedroom Units:5
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/12/24
Nov 12, 2024
|
Listed / Active | BRIGHT | $445,000 |