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2420 Greenmount Ave, Baltimore, MD, 21218

--beds
--baths
0sqft
$225,000
--price/sqft
$2,026/moest. monthly cost
$81,040/yrincome needed

About This Home

Great opportunity to purchase a mixed-use building in the desirable Barclay neighborhood of Baltimore City. This 4-unit property consists of 3 residential units and 1 commercial unit and offers strong value-add potential. Two units are currently rented, generating a Gross Annual Base Rent of $17,220, with a Potential Gross Annual Base Rent of $55,200 when fully occupied at market rents. Unit 1 is a main-level residential unit featuring 1 bedroom, 1 bathroom, bonus room, living area, and kitchen, with access to the backyard. Scheduled rent is $850/month, and per seller, the tenant is current. Unit 2 is an upper-level residential unit. Unit 3 is a commercial barber shop on the main level with open space and a half bath, rented at $585/month, with a long-term tenant in place for approximately 20 years (per seller). Unit 4 is an upper-level residential unit with 1 bedroom, 1 bathroom, living area, dining area, and kitchen, currently vacant. The unfinished lower level provides ample storage and houses a gas hot water heater, gas meter, 5 electric meters, and 3 electric panels. All tenants pay their own BGE, and each unit has baseboard heat (per seller). Property is Limited Lead Free and zoned C-1. Expenses: Owner pays water, insurance, property taxes, and repairs as needed. Ideal opportunity for investors or owner-occupants seeking cash flow with significant upside.

Getting Around

93
WalkingWalker's Paradise
79
TransitExcellent Transit
67
BikeBikeable

Schools

4/10
Baltimore Design SchoolGrades 6-120.7 mi
5/10
Stadium SchoolGrades 6-80.5 mi

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Other
  • Construction materials: Other

Type & Style

  • Home type: MultiFamily
  • Architectural style: Traditional
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Water Heater

Basement

  • Area: 0

Heating & Cooling

  • Heating features: Other
  • Cooling features: None

Interior Area

  • Total structure area: 0

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 0312153825 027
  • Zoning: C-1
  • Special condition: Standard

Features

  • Pool features: None

Lot

  • Lot size: 4,356 sqft

Parking

  • Parking features: On Street
  • Has uncovered spaces: Yes

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 $1,137$13,644
Home Insurance *$154$1,848
Property Taxes $454$5,448
Electricity $281$3,374
Total$2,026$24,312
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$69,462/yr
40% on housing$60,780/yr
45% on housing$54,026/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

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 21218$125
Baltimore City$102

vs Homes Sold Last Month

Median $/sqft

ZIP 21218$151
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)

No zestimate history available

Price History

DateEventPrice
2026-07-13Listed for sale$225,000
2026-05-02Listing removed$230,000
2026-02-03Price change$230,000
2026-01-09Listed for sale$265,000
2022-11-22Listing removed$345,000
2022-10-04Price change$345,000
2022-08-19Listed for sale$365,000
2021-01-11Listing removed--
2020-12-15Listed for rent$850
2006-04-12Sold$100,000

For Sale by Agent

AgentGabe Khoshkheraman
BrokeragePickwick Realty

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