1229 LEEDS TERRACE
About This Property
Outdoor living is equally inviting. A spacious deck offers plenty of room for relaxing, dining, or entertaining, while the large, fully fenced backyard provides privacy and versatility. Whether used for gardening, play, or pets, the outdoor space is designed to be enjoyed. A shed offers additional storage, keeping tools and seasonal items neatly tucked away.
Parking is never an issue here, with a one-car garage and a generous driveway providing ample off-street parking for residents and guests alike. This feature is particularly valuable for multifamily living and rental purposes.
1229 Leeds Terrace is a well-maintained multifamily property offering flexibility, income potential, and a highly convenient location. With two separate units, each featuring two bedrooms and one full bathroom, this home is an excellent choice for an owner-occupant looking to live in one unit and rent the other, or for an investor seeking a reliable opportunity in a sought-after area. For those who prefer more traditional living, the property can also be converted into a single-family home, creating even more long-term value and versatility.
The location further enhances the property's appeal. Nestled on a quiet street, the home offers a sense of retreat while remaining close to shopping, dining, and commuter routes. Its proximity to UMBC also makes it an excellent option for student renters, providing steady rental demand and income potential.
Whether you're searching for a property that allows you to offset your mortgage with rental income, need space for multigenerational living, or are looking for a strong investment opportunity, 1229 Leeds Terrace delivers. With updates already in place, generous outdoor space, flexible living arrangements, and a prime location near everyday conveniences, this home is ready to meet your needs today and in the future.
*School information should be verified on the Baltimore County Schools website.
** NOTE: This property is also listed in the MLS as a multi-family property (MLS: MDBC2139066).**
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017