● Projected 11.8% ROI — Strong in-place rent, with easy upside at turnover. ● ½ Mile to Morgan State University — Record enrollment and pursuit of R1 research status drive long-term rental demand. ● Certified Lead-Free — Eliminates compliance hurdles and costs at renewal or turnover. ● Nearly 50% of Rent Guaranteed — Reliable subsidy portion creates stable, predictable cash flow. Interiors: This three-bedroom Northwood rental home features hardwood flooring throughout the main and upper levels, paired with a granite kitchen that includes wood cabinetry, a 30” gas range, and a decorative tile backsplash. The full bathroom offers a modern vanity and cast-iron tub with tile enclosure. The basement provides additional living space with a partially finished area, while an unfinished section houses the utilities, a toilet room, and a full-size washer and dryer. Utilities: Tenants enjoy efficient HVAC with a gas-fired furnace and central air conditioning. Hot water is provided by a 2021 40-gallon gas-fired water heater. The property has a single electric meter with 100-amp service and one gas meter. Plumbing consists of C-PVC supply lines and PVC drains. What’s Special About Northwood: Just a half mile from the new Northwood Commons, this Northwood Rental Home gives tenants ultra-convenient access to LIDL and popular fast-casual dining like The Local Fry and Chipotle. Equally quick access is provided to Morgan State University, which is enjoying record-breaking enrollment — for the fifth consecutive year, it’s expected to surpass 11,500 students this fall, the highest in its history. Morgan is also pursuing an ambitious research expansion. According to Black Enterprise, “Morgan has already surpassed three of the four benchmarks required for R1 classification, including achieving more than $55 million in research expenditures and producing over 20 doctoral degrees annually. ” With a target of achieving R1 “Very High Research” status by 2030, the university’s growth trajectory signals even stronger long-term housing demand. A recent article in Yield PRO underscores why single-family rentals remain a compelling investment class. With more than 14 million SFR households nationwide — nearly one-third of all U. S. rentals — investor demand is rising alongside tenant demand. The piece highlights that affordability pressures are pushing more households toward rentals, while investors are capitalizing on the strong cash flow and long-term stability single-family homes provide. ✅ 1322 East Cold Spring is certified lead-free, removing pesky paperwork and expenses at turnover and renewal deadlines.
TownhomeProperty Type
1944Year Built
2,090 sq ftLot Size
$159Est. Price/Sq.Ft.
Listed by Will Cannon• Ben Frederick Realty, Inc.
•410-235-9500 (broker)
•info@benfrederick.com (broker)
Bought with Unrepresented Unrepresented• Unrepresented
Perfect opportunity for investor or Buyers considering updating and renovating to make it a Home of their Own! This all brick townhouse features an updated kitchen with glass backsplash, 3 bedrooms, finished basement, fenced-in yard, front and rear porch and a Great Location. Close proximity to Morgan State Univ. A Must See!
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
1.5
Stories
2
Lot width
—
Lot depth
—
Lot size
2,090 Sq. Ft.
Year renovated
—
Sq. Ft.
1,672
Year built
1944
Style
Townhouse
County
Baltimore City
APN
27 445267A057
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 26, 2026.
R-5
Transitional Residential District
Neighborhoods: The R-5 Transitional Residential Zoning District is intended for those areas that facilitate a transition from primarily single-family neighborhoods to neighborhoods that contain a wider mix of housing types.; Housing types: The R-5 District is meant to accommodate single-family units in both detached and semidetached dwellings, rowhouse developments, and limited low-rise multi-family garden apartment developments of a moderate density.
Permitted uses
Include but are not limited to:
Religious facility
Garden center
Housing-Single unit
Housing-Multiple units
Housing-Senior
Educational/school
Park & open space
Property details
Interior
Bedroom Information
# of Bedrooms On 1st Upper Level: 3
Bathroom Information
# of Bathrooms (Full) On 1st Upper Level: 1
# of Bathrooms (Full) On All Upper Levels: 1
# of Bathrooms (Full): 1
Interior Information
Living Area Sq.Ft. Source: Assessor
Basement Information
Basement: Yes
Full, Partially Finished
Exterior
Property Information
Total Below Grade Sq. Ft.: 608
Improvement Assessed Value: $66,400
Ownership Interest: Fee Simple
Year Built Source: Assessor
Building Information
Construction Materials: Brick
Foundation Details: Block
Other Structures: Above Grade, Below Grade
Roof: Asphalt
Structure Type: Interior Townhouse/Rowhouse
Lot Information
Lot Size Dimensions: 19' x 110'
Lot Dimensions Source: Estimated
Tidal Water: No
Land Information
Land Assessed Value: $36,000
Above Grade Information
Finished Sq.Ft.: 1,216
Finished Sq.Ft. Source: Assessor
Below Grade Information
Unfinished Sq.Ft.: 152
Unfinished Sq.Ft. Source: Assessor
Finished Sq.Ft.: 456
Finished Sq.Ft. Source: Assessor
Financial
Tax Information
City/Town Tax: $1,933
County Tax: $96
Tax Assessed Value: $91,467
Tax Year: 2024
Tax Annual Amount: $2,030
Assessments Information
Year Assessed: 2025
Rental Information
Total Actual Rent: $20,278
Utilities
Utilities Information
Central Air
Cooling Type: Central A/C
Cooling Fuel: Electric
Forced Air
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Water Source: Public
Location
School Information
School District Name: BALTIMORE CITY PUBLIC SCHOOLS
School District Source: Listing Agent
Location Information
In City Limits
Directions: GPS
Municipality: Baltimore City
Public facts
Beds: —
Baths: 1.5
Sq. Ft.: 1,672
Stories: 2.0
Lot Size: 2,090 square feet
Style: Townhouse
Year Built: 1944
Year Renovated: —
County: Baltimore City
APN: 27 445267A057
Home facts updated by county records on Aug 26, 2026
Around this home
Schools
Northwood Elementary School
Public PreK-5 • Assigned • 0.6mi
6/10
Stadium School
Public 6-8 • Assigned • 1.7mi
2/10
Mergenthaler Vocational-Technical High School
Public 9-12 • Assigned • 0.9mi
1/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 103° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
4/10 Air Factor
6 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Baltimore, MD • 21239
Average low and high temperatures (°F)
37
24
44
29
60
40
68
50
74
56
84
67
89
73
81
65
77
62
68
49
57
41
43
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.2 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.
9.2 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$253,000 – $307,000
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