305 W Madison St, Baltimore, MD 21201
305 W Madison St, Baltimore, MD 21201 Access Documents 305 W Madison St, Baltimore, MD 21201 6-units across By UMMC Midtown Campus Access Documents Property Overview The property at 305 W Madison St, Baltimore, MD 21201 is a five-unit multifamily building with a mix of studio and one-bedroom units. Some of the units have already been renovated, and the property includes onsite laundry facilities, offering added convenience for tenants and an additional income stream for investors. Value-Add Potential The property offers substantial value-add potential for investors, with the opportunity to increase rents by ~59%, or approximately $200 per unit. This creates a clear path to significantly enhance cash flow and maximize returns. With a handful of units already renovated investors can implement additional improvements to the remaining units to further boost rental income and overall property value. Additionally, the onsite laundry offers further income-generating potential. Prime Location and Area Benefits Located in the heart of Baltimore, the property is close to major institutions such as Johns Hopkins University and the University of Maryland Medical Center, offering proximity to key employment centers. Nearby universities like the University of Baltimore and Maryland Institute College of Art (MICA) also enhance the area’s appeal. The property benefits from easy access to major highways such as I-83 and I-95, and is close to the State Center subway station, ensuring excellent transportation options. Additionally, being near an Opportunity Zone provides potential tax incentives for investors. – INVESTMENT HIGHLIGHTS – Property has 5 legal units with 1 extra unit Some of the units were recently renovated. Property has washer and dry facility available for tenant’s convenience Located close to I-83 and Route 40, offering seamless connections to major highways, downtown Baltimore, and surrounding suburban areas. Walking distance to Baltimore Penn Station, connecting to MARC, Amtrak, and light rail services, providing easy access to Washington, D.C., Philadelphia, and beyond. Opportunity to implement value-add renovations, including unit upgrades and amenity enhancements, to increase rental income by ~59% Ideal for investors seeking a property with solid rental potential in a vibrant, high-demand area. Multi-unit property positioned to benefit from the strong demand for urban living in a popular, walkable community with a walk score of 98 – Photo Gallery – Access Documents – Location Map –