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400 N Patterson Park Ave, Baltimore, MD, 21231

6beds
8baths
2,800sqft
$499,900
$179price/sqft
$4,254/moest. monthly cost
$170,160/yrincome needed

About This Home

Luxury, flexibility, and income potential — all in one fully renovated Baltimore property just steps from Johns Hopkins Hospital. This beautifully redesigned 2-unit home spans 2,800+ sq ft and features: • Two completely separate units • Each unit: 3 bedrooms + 3.5 bathrooms • Total: 6–7 bedrooms, 6 full baths, 2 Half Baths Perfect for a buyer who wants to live in one unit and rent the other to offset mortgage costs — or maximize cash flow with short-term or long-term rentals. This is a turnkey short-term rental machine or strong long-term cash-flow asset. Everything is brand new: ? Kitchens ? Bathrooms ? Flooring ? Windows ? Stainless steel appliances ? Roof ? Foundation ? Heater/A/C Unit With the hospital just a few blocks away, the rental demand from medical professionals and traveling healthcare workers is constant and reliable. ? Furnish and start generating income immediately. ?? Owner financing available with minimum $120K down, 8% interest, 5 year Balloon. your payments will be in the $3K while the monthly rent income will be about $7K. A rare opportunity to own a fully modernized, income-producing property in a prime location.

Getting Around

96
WalkingWalker's Paradise
84
TransitExcellent Transit
67
BikeBikeable

Schools

Construction

Condition

  • Year built: 1910

Materials

  • Roof: Built-up
  • Construction materials: brick

Type & Style

  • Home type: Townhouse
  • Architectural style: Other

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Freezer,Garbage disposal,Microwave,Range / Oven,Refrigerator,Washer

Basement

  • Basement: Finished

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 8
  • Full bathrooms: 6
  • 1/2 bathrooms: 2

Features

  • Flooring: Hardwood,Laminate
  • Fireplace: Yes
  • Finished area below ground: 0

Heating & Cooling

  • Heating features: Other
  • Cooling features: Central

Interior Area

  • Total interior livable area: 2,800 sqft

Property

Details

  • Parcel number: 06041670057
  • Special condition: Auction

Features

  • Exterior features: Stucco,Brick

Lot

  • Lot size: 1,014 sqft

Parking

  • Parking features: Off-street

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Cold Wave
Winter Weather

FEMA Declared Disasters Across Maryland Counties

Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,527$30,324
Home Insurance *$402$4,824
Property Taxes $969$11,628
Electricity $356$4,280
Total$4,254$51,048
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$145,851/yr
40% on housing$127,620/yr
45% on housing$113,440/yr

Maryland FAIR Plan Programs

Maryland Joint Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 678Commercial: 44
Total Premiums$854,000
Total Exposure$326.56M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.2%
10.2%
0%30.0%
Electricity Growth Rate10-year average: 8.1%
8.1%
0%15.0%
Property Taxes Growth Rate2-year average: 0.5%
0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$179This listing

vs Other Active Listings

Avg $/sqft

ZIP 21231$165
Baltimore City$102

vs Homes Sold Last Month

Median $/sqft

ZIP 21231$261
Baltimore City$168

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-02-21Listed for sale$399,900
2026-02-11Listing removed--
2025-11-13Price change$569,990
2025-10-24Listed for sale$649,990
2025-09-18Listing removed$688,000
2025-07-16Listed for sale$688,000
2025-07-03Listing removed$659,000
2025-05-22Price change$659,000
2025-05-07Price change$668,000
2025-04-15Price change$688,870
2025-03-30Price change$699,870
2025-02-20Listed for sale$730,000
2024-08-16Listing removed$749,995
2024-07-01Listed for sale$749,995
2019-12-06Sold$78,000
2019-08-08Listed for sale$10,000
2016-03-09Sold$5,000
2004-04-14Sold$36,500
1994-11-16Sold$17,500

For Sale by Owner

AgentProperty Owner

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