See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

225-227 W Read St, Baltimore, MD, 21201

4beds
--baths
3,600sqft
$624,500
$173price/sqft
$6,043/moest. monthly cost
$241,720/yrincome needed

About This Home

Secure your future investment in Baltimore’s historic 21201 corridor with this well-maintained, income-producing mixed-use property. Featuring a stable commercial anchor and a premium residential unit, this is a rare opportunity for an investor seeking immediate ROI, rent, and zero vacancy at closing. The Commercial Suite is occupied by a long-term, established tenant. This street-level flexible space benefits from high visibility and consistent foot traffic, anchored by the dense population of the Mount Vernon/Downtown area. Upstairs: A spacious and modern 3-Bedroom, 2-Bathroom apartment. This isn't your average rental; it’s a high-demand, open-floor plan currently occupied by long-term residents. The property is close to the UMD Medical Center, the Penn Station light rail, and the city's cultural heart. The property is registered as 1 parcel and 3 stories. Unit 225 is the commercial ground level portion. Unit 227 is the residential space comprising the top 2 floors with a separate entrance. This opportunity offers true dual functionality.

Getting Around

99
WalkingWalker's Paradise
100
TransitRider's Paradise
88
BikeVery Bikeable

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Permanent
  • Construction materials: Brick

Type & Style

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

Interior

Appliances

  • Appliances included: Electric Water Heater

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bedrooms: 4

Heating & Cooling

  • Heating features: Heat Pump,Electric
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 3,600
  • Total interior livable area: 3,600 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 0311090509 083
  • Zoning: C-1
  • Special condition: Standard

Features

  • Pool features: None

Lot

  • Lot size: 1,200 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 WaveVery High
  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Hurricane
    HurricaneModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Heat Wave
Cold Wave
Inland Flooding
Winter Weather
Hail
Hurricane
Lightning
Strong Wind
Tornado

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 $3,157$37,884
Home Insurance *$1,716$20,592
Property Taxes $712$8,544
Electricity $458$5,504
Total$6,043$72,516
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$207,188/yr
40% on housing$181,290/yr
45% on housing$161,146/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

$173This listing

vs Other Active Listings

Avg $/sqft

ZIP 21201$138
Baltimore City$102

vs Homes Sold Last Month

Median $/sqft

ZIP 21201$149
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
2026-05-06Price change$675,000
2026-02-26Listed for sale$689,000
2025-02-18Listing removed$1,650
2025-01-28Price change$1,650
2024-10-22Listed for rent$1,700

For Sale by Agent

AgentBryan Carnaggio
BrokerageRedfin Corp

Similar Homes