1407 W OSTEND ST W Baltimore, MD 21223
1,248 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,248 sqft
Price per Sqft $104
Subdivision None Available
MLS Listing ID MDBA2188142
Style Federal
Abv Grd Liv Area 1,248
Year Built 1898
Annual Tax Amount $2,663
Tax Year 2025
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
This 11-unit Baltimore portfolio generates $176,252 annually, with a pro forma of $219,840 at market rents. Year 1 NOI is $131,904, growing to $152,822 by Year 5. Investors benefit from a 9.22% cap rate, rising to 10.69% by Year 5, offering strong cash flow and value-add potential.
The portfolio features 9 out of 11 lead-free, two- and three-bedroom homes with 1–2 bathrooms, hardwood floors, granite countertops, updated cabinetry, and appliances. Select units (1219 Glyndon Ave, 1115 Carroll St) include in-unit washers/dryers, and 1202 Sargeant St has central A/C. Many offer basements for storage or expansion.
Located in ZIP codes 21223, 21230, 21216, and 21218 (serving 128,000+ residents), the properties are near Johns Hopkins University (30,000+ students), University of Maryland, Baltimore (6,900 students, 8,000+ staff), and major employers like Johns Hopkins Hospital (30,000+ employees). Transit options include MARC Train, Metro SubwayLink, and Light RailLink for connectivity across Baltimore and to Washington, D.C.
Addresses Part of Portfolio
1219 Glyndon Ave, Baltimore MD 21223
1238 Sargeant St, Baltimore MD 21223
1321 Glyndon Ave, Baltimore MD 21223
1407 W Ostend St, Baltimore MD 21223
1415 W Ostend St, Baltimore MD 21223
2305 Herkimer St, Baltimore MD 21230
2109 N Longwood St, Baltimore MD 21216
3225 Kenyon Ave, Baltimore MD 21213
442 E Lorraine Ave, Baltimore MD 21218
1115 Carroll St, Baltimore MD 21230
Location
State MD
County Baltimore City
Rooms
Basement Other
Interior
Interior Features Combination Kitchen/Living
Hot Water Natural Gas
Heating Other
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Above Ground Finished SqFt 1248
Sewer Public Sewer
Water Public
Architectural Style Federal
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0321040266A034
Ownership Other
SqFt Source 1248
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
- 6
Thomas Johnson Elementary/Middle School
Public | PK - 8
- 5
Hilton Elementary School
Public | PK - 5
- 5
Rosemont Elementary/Middle School
Public | PK - 8
- 5
Lansdowne Elementary School
Public | PK - 5
- 5
Mount Royal Elementary/Middle School
Public | KG - 8
- 5
Cecil Elementary School
Public | PK - 5
- 4
Violetville Elementary/Middle School
Public | PK - 8
- 4
Gwynns Falls Elementary School
Public | PK - 5
- 4
Mary Ann Winterling Elementary School at Bentalou
Public | PK - 5
- 4
John Eager Howard Elementary School
Public | PK - 5
- 4
Midtown Academy
Public | KG - 8
- 4
Baltimore Montessori Public Charter School
Public | PK - 5
- 4
Federal Hill Preparatory School
Public | PK - 5
- 4
Francis Scott Key Elementary/Middle School
Public | PK - 8
- 3
Morrell Park Elementary/Middle School
Public | PK - 8
- 3
Lakeland Elementary/Middle School
Public | PK - 8
- 3
New Song Academy
Public | PK - 8
- 3
Baltimore Highlands Elementary School
Public | PK - 5
- 3
Charles Carroll Barrister Elementary School
Public | PK - 5
- 2
Empowerment Academy
Public | PK - 8
- 4
The Seed School of Maryland
Public | 6 - 11
- 4
The Crossroads School
Public | 6 - 8
- 3
Baltimore Leadership School for Young Women
Public | 6 - 12
- 3
Stadium School
Public | 6 - 8
- 2
Bluford Drew Jemison STEM Academy West
Public | 6 - 12
- 2
Maryland Academy of Technology and Health Sciences
Public | 6 - 12
- 2
Lansdowne Middle School
Public | 6 - 8
- 2
National Academy Foundation
Public | 6 - 12
- 1
ConneXions: A Community Based Arts School
Public | 6 - 12
- 1
Booker T. Washington Middle School
Public | 6 - 8
- 1
New Hope Academy
Public | 6 - 12
- 1
New Era Academy
Public | 6 - 12
- 0
Baltimore Civitas
Public | 6 - 12
- 0
Bridge Center
Public | 6 - 12
- 0
Baltimore Montessori Public Charter Middle School
Public | 6 - 8
- 0
Baltimore Design School
Public | 6 - 10
- 0
St Ignatius Loyola Academy
Private | 6 - 8
- 0
Mother Seton Academy
Private | 6 - 8
- 0
Bluford Drew Jemison STEM Academy Middle School
Public | 6 - 8
- 8
Baltimore School for the Arts
Public | 9 - 12
- 6
Baltimore City College
Public | 9 - 12
- 5
Paul Laurence Dunbar High School
Public | 9 - 12
- 4
Lansdowne High School
Public | 9 - 12
- 3
Coppin Academy
Public | 9 - 12
- 2
Carver Vocational-Technical High School
Public | 9 - 12
- 2
Augusta Fells Savage Institute of Visual Arts
Public | 9 - 12
- 2
Vivien T. Thomas Medical Arts Academy
Public | 9 - 12
- 1
Frederick Douglass High School
Public | 9 - 12
- 1
Renaissance Academy
Public | 9 - 12
- 1
Digital Harbor High School
Public | 9 - 12
- 0
The Baltimore Academy
Private | 9 - 12
- 0
The Seton Keough High School
Private | 9 - 12
- 0
Baltimore Liberation Diploma Plus High School
Public | 9 - 12
- 0
Baltimore Talent Development
Public | 9 - 12
- 0
Excel Academy @ Francis M. Wood High School
Public | 9 - 12
- 0
The Community School
Private | 9 - 12
- 0
Eager Street Academy
Public | 9 - 12
- 0
St Frances Academy
Private | 9 - 12
- 0
Institute of Notre Dame
Private | 9 - 12