1407 W Ostend St

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....11-Single Family Portfolio: 9 Lead-Free Homes in Baltimore
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
Property Details for 1407 West Ostend Street
Property Details for 1407 West Ostend Street
| Status | Active |
|---|---|
| MLS # | MDBA2188142 |
| Days on Market | 54 |
| Taxes | $2,664 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Other |
| Year Built | 1898 |
| Lot Size | - |
| County | Baltimore Independent City |
Location
Building Information for 1407 West Ostend Street
Payment Calculator
$864 per month
30 year fixed, 6.28% Interest
$642
$222
$0
Property Information for 1407 West Ostend Street
- In City Limits: Yes
- School District Name: BALTIMORE CITY PUBLIC SCHOOLS
- School District County ID: 121137830454
- SchoolDistrictSource: Listing Agent
- County: BALTIMORE CITY
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 2025
- Tax Assessed Value: $112,867
- City Town Tax: $2,537
- Land Assessed Value: $40,000
- Clean Green Assessed: No
- Land Use Code: R
- Section: 04
- Zoning: 0
- Tax Lot: 034
- School Tax: $0
- Automatically Update Tax Values Y/N: Yes
- Single Room Units Count: 0
- One Bedroom Units Count: 0
- Two Bedroom Units Count: 9
- Three Bedroom Units Count: 1
- Building Units Total: 1
- Total Finished SQFT: 1,248.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 1,248.00
- Total SQFT: 1,872.00
- Total SQFT Source: Assessor
- Construction Materials: Brick
- Basement Type: Other
- Foundation Details: Other
- Other Structure: Above Grade, Below Grade
- Parcel ID: 13019896
- Type Of Parking: On Street
- Interior Features: Combination Kitchen/Living
- Accessibility Features: None
- Pool: No Pool
- Heating: Yes
- Cooling Type: None
- Cooling Fuel: Natural Gas
- Heating Type: Other
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
Property History for 1407 West Ostend Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Oct 21, 2025 | Listed (Active) BRIGHT #MDBA2188142 | $130,000 | — |
| Mar 22, 2019 | Closed (Public Record) Public Record #641990789 | $20,000 | +3.7% / yr |
| Oct 15, 2014 | Closed BRIGHT #1003113232 | $17,000 | — |
| Oct 10, 2014 | Closed (Public Record) Public Record #483047727 | $17,000 | -17.2% / yr |
| Jul 25, 2014 | Pending BRIGHT #1003113232 | — | |
| Jul 16, 2014 | Listed (Active) BRIGHT #1003113232 | $15,500 | — |
| Sep 7, 2005 | Closed (Public Record) Public Record #165549719 | $95,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 10/21/2025 | Listed (Active) BRIGHT #MDBA2188142 | $130,000 |
| 03/22/2019 | Closed (Public Record) Public Record #641990789 | $20,000 +3.7% / yr |
| 10/15/2014 | Closed BRIGHT #1003113232 | $17,000 |
| 10/10/2014 | Closed (Public Record) Public Record #483047727 | $17,000 -17.2% / yr |
| 07/25/2014 | Pending BRIGHT #1003113232 | — |
| 07/16/2014 | Listed (Active) BRIGHT #1003113232 | $15,500 |
| 09/07/2005 | Closed (Public Record) Public Record #165549719 | $95,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1407 West Ostend Street
Schools near 1407 West Ostend Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 6 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Charles Carroll Barrister Elementary School PublicPK to 6 | ||
Booker T. Washington Middle School Public6 to 8 | ||
Augusta Fells Savage Institute Of Visual Arts Public9 to 12 | ||
Digital Harbor High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Midfield Realty
© 2025 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 12/12/2025 04:23 PM
