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$1,650,000
●
Multifamily -
For Sale
205 W MADISON ST
BALTIMORE, MD 21201
Studio
0 Bath
$8,102
Estimated Monthly
$0
HOA / Fees
About This Property
INCREDIBLE OPPORTUNITY IN THE HEART OF MOUNT VERNON! This is your
chance to own an unbelievable piece of Baltimore history. This
property is sure to be the crown jewel of your investment
portfolio. This sale comprises of not just one but TWO
buildings in the heart of the Mount Vernon Historic District at 205
W Madison St and 716 Park Ave. Both buildings combine for
over 18,000 sq ft above grade, not including the basements. 205 W
Madison is 11,440 sq ft above grade, 716 Park Ave is 6,600 sq ft
above grade. Standing outside of the main building, you are in awe
of its magnificence. The attention to detail that went into the
brickwork and stone work on the exterior of the building is unlike
any other building you have seen in recent memory. As you enter the
grand double doors of the main building into the foyer, your eyes
are immediately drawn to the many displays of craftsmanship from a
world long ago. Beautiful murals and paintings, exquisite handrails
and crown molding, and an incredible grand staircase. As you enter
to your left, what was once a ballroom, dining room, or reception
area is sure to leave you speechless. You are greeted by 14ft+
ceilings and a magnificent chandelier at the center of the room.
You immediately feel like you are walking back 100 years into a
completely different time and era. Take a stroll back into the main
hall and past the grand staircase and you will notice the original
service elevator to the building is still in place. A large,
beautiful courtyard connects the two buildings from the rear. It is
truly amazing how well many of the original features of this
building have been preserved. Craftsmanship like this simply no
longer exists. Both buildings currently have a combined 25
suites/rooms (28 if you include the basements), each complete with
it's own bathroom and it's own heating/cooling system. Each room is
cozy, comfortable, and a very good size. Many of them have their
own living room areas in addition to bedroom and bathroom. This is
is an incredible opportunity to bring this building back to its
former grandeur. The neighborhood and the city has been buzzing
about what's to come for this building, and everyone is so excited
to see what the next owner has planned! This building could be
converted back to a hotel, to a bed and breakfast, an apartment
building, a rooming house, the possibilities are endless. Don't let
this incredible once in a lifetime opportunity pass you by!
Unit Size
-
Days on Market
47 days
Land Size
0.06 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$1,024
HOA Dues
-
Year Built
1880
Listed By
Last updated: 2 months ago (Bright MLS #MDBA2117952)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 15, 2024 | Listed by Berkshire Hathaway HomeServices Homesale Realty | $1,650,000 | |
Listed by Berkshire Hathaway HomeServices Homesale Realty |
Property Highlights
Elevator
Air Conditioning
Parking Details
Parking Features: None
Interior Details
Interior Information
Interior Features: Crown Moldings, Elevator, Double/Dual Staircase
Living Area Square Feet Source: Estimated
Basement Information
Has Basement
Full
Exterior Details
Property Information
Ownership Interest: Fee Simple
Year Built Source: Estimated
Building Information
Other Structures: Above Grade
Structure Type: Other
Construction Materials: Brick
Pool Information
No Pool
Lot Information
Tidal Water: N
Lot Size Source: Estimated
Land Information
Land Assessed Value: $624,633
Financial Details
County Tax: $583
County Tax Payment Frequency: Annually
City Town Tax: $11,701
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $624,633
Tax Year: 2023
Tax Annual Amount: $12,284
Year Assessed: 2023
Utilities Details
Central Air
Cooling Type: Central A/C
Heating Type: 90% Forced Air
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Water Source: Public
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
House
10
Beds
12
Baths
10,146 ft²
$168/ft²
$1,700,000
Sep 29, 2023
$1,700,000
Jan 23, 2024
-
Sold
House
5
Beds
3
Baths
-
$1,100,000
Apr 29, 2004
$1,100,000
Sep 17, 2004
$454/mo
Townhouse
4
Beds
4
Baths
5,010 ft²
$254/ft²
$1,275,000
Jun 1, 2023
$1,275,000
Oct 13, 2023
-
Active
Townhouse
8
Beds
10
Baths
6,880 ft²
$193/ft²
$1,325,000
Aug 29, 2023
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
01/18/2023
|
|
Loft
|
-
|
-
|
$1,500,000
Loft
-
|
-
-
|
-
|
Frank Kraus
Berkshire Hathaway HomeServices Homesale Realty
|
Building Info
205 West Madison Street
205 West Madison Street, Baltimore, MD 21201
- 1 Unit for Sale
About Central Baltimore
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