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The Wiley Group
Baltimore, MD 21224
Mobile: 410-961-3610
Office: 410-342-4444

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Listing 3 out of 6,869
$260,000 Under Contract

3411 Guilford Terrace
Baltimore, MD 21218

Multi Family Home
2178 sq ft lot - MLS# MDBA480064
Property Photo


3 large 1-bedroom apartments are all vacant and in need of various stages of renovation. Located in Oakenshawe (nestled between Guilford & Charles Village) this apartment building sits on a quiet, tree-lined street. 3411 is one of just two multi-family properties on Guilford Terrace; all others are single-family, mostly owner-occupied. This neighborhood is patrolled by Johns Hopkins Campus security, Union Memorial Hospital security, Guilford security, and Charles Village security as well as the BCPD, and is just steps away from the shops in Charles Village.Recent improvements include new shingle & composite roof, 2 new skylights, new chimney cap, and all new plumbing by Saffer Plumbing under permit no. COM2019-59380. All replacement windows except one on first floor and those in basement. Equipped with separate gas & electric meters for each apartment. Basement has on-site laundry and space for storage. Steel fire escape and large metal 2nd floor deck are in excellent condition. 2-car parking pad in rear.Building needs renovation including updating bathrooms, kitchens, floors, and HVAC. Similar renovated 1-bedroom apartments on this block rent for $1, 350. Bring your contractor and add value to this investment opportunity!OFFERING SUMMARY:$260, 000$90, 000 repair budget$116, 667 price per unit (including repairs)8.0 Times Projected Annual Rent (GRM)8.98% Cap Rate14.5% Projected cash-on-cash return on investment


  • Property Type: Multi Family Home
  • Sub Type: Triplex, Row/Townhouse
  • Listing Status: Under Contract
  • County/Area: Baltimore City
  • Zip Code: 21218
  • Year Built: 1918
  • Subdivision/Neighborhood: Oakenshawe
  • School District: Baltimore City Public Schools
  • Sq.Ft.: 1,839 sq ft
  • Style: Traditional
  • Basement: Yes, Daylight, Partial, Full, Unfinished
  • Fireplace: 1
  • Lot Size: 2178 sq ft lot
  • Zoning: R-6
  • Above Grade Fin SQFT: 1,839
  • Above Grade Fin SQFT Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Fin SQFT Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Below Grade Unfin Area Units: Square Feet
  • Below Grade Unfin SQFT Source: Assessor
  • Building Level Count: 4
  • Building Units Total: 3
  • Cap Rate: 9.00
  • Central Air Y/N: Yes
  • Construction Materials: Brick, Stone
  • Cooling: Electric
  • Cooling Type: Central A/C, Window Unit(s)
  • Directions: Southway to Guilford Terrace. Just North of Union Memorial Hospital
  • Electric Avg / Month: 44.0
  • Electric Previous 12 Months: 528.00
  • Electric Service: 100 Amp Service, Fuses, Circuit Breakers
  • Exclusions: owners' storage in basement will be removed prior to close
  • Flooring Type: Hardwood
  • Foundation Details: Stone
  • Gross Scheduled Income: 43740.00
  • Heating: Electric, Natural Gas
  • Heating Type: Baseboard - Electric, Forced Air
  • Heating Y/N: Yes
  • Hot Water: Natural Gas
  • Improvements: Above Grade, Below Grade
  • Income Includes: Apartment Rentals, Parking
  • Interior Features: Wood Floors, Skylight(s)
  • Land Use Code: 003
  • Lot Dimensions: 21.5x100
  • Lot SQFT: 2,150
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Municipal Trash Y/N: Yes
  • Municipality: Baltimore City
  • Number Of Units Vacant: 3
  • One Bedroom Units Count: 3
  • Other Units: Unit 1, Unit 2, Unit 3
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Ownership Interest: Fee Simple
  • Parking Features: Gravel Driveway
  • Photo Option: Lister Will Upload All
  • Property Condition: Needs Work, Rehabilitation Potential
  • Roof: Asphalt, Pitched, Flat
  • SchoolDistrictSource: Listing Agent
  • Security Features: Main Entrance Lock
  • Selling Agent: Temple H Peirce Jr.
  • Selling Office: Cummings & Co. Realtors
  • Sewer Septic: Public Sewer
  • Tax Annual Amount: 5345.0
  • Tax Total Finished SQFT: 1,839
  • Tax Year: 2018
  • Total Below Grade SQFT Source: Assessor
  • Total Finished SQFT: 1,839
  • Total Finished SQFT Source: Assessor
  • Total Garage and Parking Spaces: 2
  • Total Non-Garage Parking Spaces: 2
  • Total SQFT Source: Assessor
  • Type Of Parking: Off Street
  • Wall & Ceiling Types: Plaster Walls
  • Water Source: Public
  • Window Features: Double Pane, Vinyl Clad
  • Year Built Source: Public Records
  • Zoning Description: 3 Dwelling Units
Courtesy of Ben Frederick Realty, Inc.

The Wiley Group of Keller Williams Metropolitan
4015 Foster Avenue, Suite 300
Baltimore, MD 21224
Cell: 410-961-3610
Office: 410-342-4444
Email: or 


I was warned by Bob if I didn’t use an agent that I could run in to trouble and that’s exactly what happened when I had no recourse dealing with my developer concerning some issues with my newly renovated rowhouse. He was right. In the end, you are entitled to so many laws in your favor and Bob knew this. Otherwise, we have been able to lean on Bob for many referrals for random needs such as Mortgage Co., plumber, etc. He’s truly an ace and someone I trust and recommend. Michael Garcia
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