About 2421 E Madison St
Incredible investment opportunity! Turnkey, occupied subsidized rental with 14+ YEAR TENANCY and strong flip potential – this booming corridor supports post-renovation values of $345K! Currently leased through the Section 8 program for a whopping $1,836 per month, this well-maintained end-unit is an investor’s dream. 2421 E Madison St boasts three finished levels, exposed brick, LVP flooring, recessed lighting, and modern kitchen updates including cabinetry, countertops, and appliances. Bathrooms have been tastefully remodeled, and the finished basement features a sleek cut-out stair design that adds architectural interest. With a written lease, LEAD FREE lead certificate, and rental license in hand along with being in compliance with Section 8 inspections, this is a true plug-and-play rental. It’s also located just .5 miles from renowned Johns Hopkins Hospital and Baltimore’s beloved Patterson Park, complete with walking paths, tennis courts, ballfields, a skating rink, lake, swimming pool, and year-round events! Don’t miss your chance to add this outstanding property to your rental portfolio today! Interested in a potential future flip? This home could achieve a sales price of $345K! See 2315 Ashland Ave – just 2.5 blocks from 2421 E Madison St, similar size, also 4 bedrooms, with a finished basement and sold for $345K on 2/10/2025. See 2220 E Madison St, just 3.5 blocks from 2421 E Madison St, similar size and sold for $341,960 on 12/27/2024. This one won’t last long!
Features of 2421 E Madison St
| MLS® # | MDBA2170622 |
|---|---|
| Price | $165,000 |
| Bedrooms | 4 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 1,300 |
| Acres | 0.02 |
| Year Built | 1920 |
| Type | Residential |
| Sub-Type | End of Row/Townhouse |
| Style | Federal |
| Status | Pending |
Community Information
| Address | 2421 E Madison St |
|---|---|
| Subdivision | MCELDERRY PARK |
| City | BALTIMORE |
| County | BALTIMORE CITY-MD |
| State | MD |
| Municipality | Baltimore City |
| Zip Code | 21205 |
Amenities
| Amenities | Stall Shower, Tub Shower, Bathroom - Walk-In Shower, Carpet, Recessed Lighting, Upgraded Countertops |
|---|---|
| View | City, Street |
| Is Waterfront | No |
Interior
| Interior Features | Floor Plan-Open |
|---|---|
| Appliances | Dryer, Oven-Single, Oven/Range-Gas, Refrigerator, Stove, Washer, Water Heater |
| Heating | Forced Air |
| Cooling | None |
| Has Basement | Yes |
| Basement | Connecting Stairway, Daylight, Partial, Fully Finished, Heated, Improved, Interior Access, Space For Rooms, Windows, Outside Entrance, Walkout Stairs |
| Fireplace | No |
| # of Stories | 3 |
| Stories | 3 |
Exterior
| Exterior | Concrete/Block |
|---|---|
| Exterior Features | Exterior Lighting, Sidewalks, Street Lights, Patio, Porch-enclosed, Fenced-Rear, Gutter System, Stone Fence, Fenced-Partially |
| Lot Description | Corner Lot |
| Foundation | Other |
School Information
| District | BALTIMORE CITY PUBLIC SCHOOLS |
|---|
Additional Information
| Date Listed | June 14th, 2025 |
|---|---|
| Days on Market | 68 |
| Zoning | R-8 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Listing Ownership | Ground Rent |
Listing Details
| Office | Cummings & Co. Realtors |
|---|---|
| Contact Info | (410) 823-0033 |