● Value-Add Opportunity: Older kitchens and bathrooms are in working condition, and the building is fully occupied. Updating the apartments creates an opportunity to maximize rents and create long-term value. ● Oversized Apartments: 3,456 square feet of gross building area includes one three-bedroom, two-bath apartment and two two-bedroom, one-bath apartments. ● Tenant-Paid Utilities: Tenants currently pay for gas, electric and water, helping limit the owner’s utility exposure and support monthly cash flow. ● Great Charles Village Location: Wyman Park is across the street, with Johns Hopkins University’s Homewood Campus, R. House, neighborhood shopping and JHU shuttle service nearby. 103 West 29th Street is a fully occupied, three-unit apartment building offering unusually large apartments in a highly walkable Charles Village location. The building includes one three-bedroom, two-bath apartment and two two-bedroom, one-bath apartments within 3,456 square feet of gross building area. The kitchens and bathrooms are older but remain in working condition, allowing a new owner to complete improvements over time. Kitchens include laminate countertops, wood or metal cabinets and 30-inch gas ranges. Bathrooms feature cast-iron tubs with ceramic tile surrounds and ceramic tile or vinyl flooring. Updating the kitchens, bathrooms and interior finishes provides a clear path to modernizing the apartments, maximizing rents and creating long-term value. Each apartment has its own gas-fired furnace and gas-fired water heater. The property is served by four electric meters and three gas meters. Tenants currently pay for gas, electric and water. Wyman Park is directly across the street, while R. House and the Charles Village shopping district are approximately three blocks away. Johns Hopkins University’s Homewood Campus and nearby JHU shuttle service help the property appeal to a broad tenant pool. The Maryland Avenue protected bike lane begins at the end of the block, and Baltimore Penn Station provides convenient regional rail service.
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Around this home
Schools
K - 12
Preschool & daycare
Barclay Elementary/Middle School
Public PreK-8 • Assigned • 0.4mi
6/10
Academy For College And Career Exploration
Public 6-12 • Assigned • 1.2mi
3/10
Provided by GreatSchools
About Charles
Village
Charles Village, located between Johns Hopkins University’s Homewood campus and Wyman Park, is a historic and academic Baltimore neighborhood with painted rowhouses and leafy, porch-lined blocks. The neighborhood’s character concentrates around the St. Paul Street corridor near 33rd Street, where coffee counters, indie eateries, and small storefronts keep the sidewalks active. The Charles Theatre anchors local film culture, while R. House adds a food-hall buzz in a converted industrial space. Architecture leans toward early-20th-century brick rowhomes, apartment buildings, and campus-adjacent institutions. Green space and trails thread toward the Jones Falls corridor, shaping a walk-forward daily rhythm.
Provided by Walk Score and Local Logic
Offer insights
$425,000
$425K and above
75% chance or better to win
Why $425K+ is a strong offer
DAYS ON MARKET
50 days
The average home goes pending in 56 days.
SALE-TO-LIST
89.9%
Most homes are selling 10% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Full unfinished basement
Estimated living area
Bedrooms
Two 2-bedroom units
One 3-bedroom unit
All three units leased
Heating & cooling
Forced air heating with natural gas
Window air conditioning units (electric)
Natural gas hot water
Exterior features
Estimated lot dimensions approximately 20'3" x 90'2"
Above-grade additional structures
Home design
Interior townhouse / rowhouse
Three total levels
Construction
Brick construction
Brick/mortar foundation
Built year estimated
Utilities
Public water
Public sewer
Municipal trash service
Financial info
Ground rent ownership interest with $150 annual ground rent and 99 years remaining
Gross scheduled income of $76,023
Net operating income of $55,224
Total actual rent reported at $45,639
Annual ground rent listed among income/expense items
Electricity and solar
View estimated energy costs and solar savings for this home
Neighborhoods: The R-8 Rowhouse Residential Zoning District is intended to accommodate and maintain the traditional form of urban rowhouse development typical of many of the City's inner neighborhoods, which contain continuous, block-long rowhouse development built to or only modestly set back from the street.; Housing types: Although rowhouse is the predominant housing type, this district also accommodates other residential types, of a similar density, including detached and semi-detached dwellings, and multi-family developments of a larger scale than found in more restrictive zoning districts.
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
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, 14 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 • 21218
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Redfin Estimate
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $183,750 and $432,500.