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702 Homestead St, 
Baltimore, MD 21218

$435,000


8

Beds


Bath


1,920

Sq Ft


Multi-Family

Active

Listed by

Will A Cannon Iii

Ben Frederick Realty, Inc.

Last updated:

September 27, 2025, 01:40 PM

MLS#

MDBA2185190

Source:

BRIGHTMLS

About This Home

702 Homestead St

Why rent when you can own—and have your tenants help pay the mortgage? 702 Homestead Street is a licensed 4-unit building in Baltimore’s Better Waverly neighborhood, offering a unique opportunity for an owner-occupant to move into a freshly improved apartment while collecting rent from three other two-bedroom units. The vacant unit features updated finishes, in-unit laundry hookups, and direct access to a rear yard—ideal for a private outdoor retreat. The property is separately metered for gas and electric, with each unit featuring its own furnace, central air conditioning, and electric water heater. A 2020 roof, updated PVC and C-PVC plumbing, and modern wood-framed replacement windows reduce future capital expense risk. While the owner currently pays water and sewer, a savvy house hacker could implement utility billbacks in the future to further reduce monthly out-of-pocket costs. Located in a neighborhood where over half of residents own their homes, this property benefits from well-maintained surroundings and strong community pride. Just a 4-minute walk from Giant Food, Waverly Ace Hardware, the YMCA, and the Enoch Pratt Library, tenants (and you) will enjoy daily convenience. The 32nd Street Farmers Market is just around the corner, and the Johns Hopkins University Homewood Campus is less than a mile away. With modern building systems, stable rental income, and room to grow returns over time, 702 Homestead is a smart choice for both lifestyle and long-term wealth.

Home Facts

Multi-Family

8 Bedrooms

Built in 1920

Price Summary

435,000

$226 per Sq. Ft.

MLS #:

MDBA2185190

Last Updated:

September 27, 2025, 01:40 PM

Added:

3 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8


Structure

Structure

Architectural Style:

Converted Dwelling

Building Area:

1,920 Sq. Ft.

Year Built:

1920


Lot

Lot Size (Sq. Ft):

3,920


Finances & Disclosures

Finances

Price:

$435,000

Price per Sq. Ft:

$226 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Bright MLS All rights reserved.

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