About this home

$8,603 Monthly NOI with Tenant in Place Through August 2030! Rare opportunity to acquire a renovated income-producing property with a long-term lease already in place. The current tenant is secured through August 31, 2030, providing immediate cash flow and operational continuity from day one. Unlike many residential investments, the tenant is responsible for utilities, maintenance, and replacement of major building systems, including HVAC and water heating equipment. This structure reduces owner involvement, limits capital expenditure exposure, and creates a more passive ownership experience than typical residential rental property. Renovated in 2024, the 3,805-square-foot building is configured across nine bedrooms and features durable finishes designed for high-occupancy use. Improvements include a modern kitchen with granite and laminate countertops, wood cabinetry, multiple refrigerators, gas cooking, updated baths, laminate flooring, chairlifts, an ADA-accessible entry ramp, and a full sprinkler system. Mechanical systems include a 90+ AFUE Rheem gas-fired furnace with dual-zone central air conditioning, an additional attic-mounted heat pump with independent thermostat, a 50-gallon electric water heater, and updated C-PVC and PVC plumbing. Located in the owner-occupied Hamilton-Waltherson neighborhood, just off Harford Road, the property offers convenient access to I-95, I-695, Downtown Baltimore, and numerous employment centers throughout the region. Investment Summary - $1,100,000 Purchase Price - $103,237 Current NOI - $8,603 Monthly NOI -9.39% Cap Rate -12.0% Projected Cash-on-Cash Return - Tenant in Place Through 8/31/2030

Facts and features

Schools

• Garrett Heights Elementary School

  elementary · K-8 · 0.5 mi

  4

• Arts & Ideas Sudbury School

  elementary · 0.2 mi

• City Neighbors High School

  high · 9-12 · 0.4 mi

  3

• Zion Christian Middle School

  middle · 6-8 · 0.2 mi

• St. Dominic Elementary and Midd

  elementary · K-8 · 0.2 mi

• City Neighbors Hamilton

  elementary · K-8 · 0.4 mi

  6

Price history

• Jun 13, 2026 · Price Changed$1,100,000
• Jun 5, 2026 · Listed$1,200,000
• Apr 20, 2021 · Sold$104,000
• Nov 10, 2016 · Listing Removed$158,000
• Nov 4, 2016 · Price Changed$158,000
• Sep 25, 2016 · Listed$178,000
• Feb 3, 2011 · Listing Removed$79,000
• Jan 28, 2011 · Listing Removed$79,000

Tax history

• 2025$6,458 tax · $292,633 assessed
• 2024$6,043 tax · $274,967 assessed
• 2023$5,409 tax · $230,300 assessed
• 2022$4,797 tax · $203,300 assessed
• 2021$4,160 tax · $176,300 assessed
• 2020$3,819 tax · $176,300 assessed
• 2019$3,800 tax · $176,300 assessed
• 2018$5,106 tax · $235,400 assessed

Home value

$1,089,000

• Collateral Analytics$1,089,000
• Cotality$1,070,900

Where it is