Thomas H Fair

BALTIMORE MD Commercial Sale for Sale

Unit 1 offers 1,937 sq. ft. across nine rooms with a half bath, entered directly from Saint Paul Street at the lower level. Formerly part of a growing physical-therapy practice, the suite features a series of treatment and consultation rooms ideal for professional, medical, or wellness use. Its configuration naturally supports privacy and flow, and with the addition of a kitchen, could easily transition into a live/work environment.This suite also connects internally to Unit 11 above and Unit 3 alongside, creating flexible expansion opportunities for practices or organizations that anticipate growth. Combined with Unit 3, the footprint extends to approximately 5,508 sq. ft., while pairing with Unit 11 as well provides an impressive 7,074 sq. ft. of contiguous space. With multiple private entrances and adaptable interior divisions, Unit 1 serves as both a functional standalone suite and a key anchor within the larger property offeringideal for professionals seeking flexibility, visibility, and scale in Baltimores Mount Vernon district.

BALTIMORE MD Home for Sale

Unit 1 offers 1,937 sq. ft. across nine rooms with a half bath, entered directly from Saint Paul Street at the lower level. Formerly part of a growing physical-therapy practice, the space is currently configured with a series of private rooms well suited for office, medical, or wellness use. With the addition of a kitchen, the layout could also support a live/work or residential adaptation, offering flexibility for owner-occupants seeking a non-traditional floor plan.The suite connects internally to Unit 11 above and Unit 3 alongside, creating opportunities for expanded or contiguous use. Combined with Unit 3, the footprint extends to approximately 5,508 sq. ft., while pairing with Unit 11 as well provides up to 7,074 sq. ft. of connected space. With multiple private entrances and adaptable interior divisions, Unit 1 functions comfortably as a standalone residence-style space today, while also offering long-term flexibility for professionals seeking scale, privacy, and presence in Baltimores Mount Vernon district. Monthly Condo Fee is $742.21.

BALTIMORE MD Home for Sale

Unit 3 spans 3,571 sq. ft. across 16 rooms with two half baths, offering an unusually large footprint for a residence-style condominium in Baltimore City. Entered privately from Biddle Street, the space is currently configured as professional offices, having been designed for a physical therapy practice with multiple private rooms well suited for offices, studios, or consultation spaces. With the addition of a kitchen, the layout could also support a non-traditional residential or live/work conversion, providing flexibility for owner-occupants seeking scale and privacy.The configuration allows for both private and shared spaces, with natural separation between rooms and smooth circulation throughout. The size and layout also present long-term upside for creative residential adaptation, particularly for buyers comfortable reimagining the space beyond a conventional apartment layout. The monthly condominium fee is $1,367.61.Unit 3 connects internally to Unit 1, creating approximately 5,508 sq. ft. of contiguous space with multiple exterior entrances. Additionally, there is future potential to combine with Unit 15 above, allowing for an expansive, multi-level residence-style environment. While currently set up for office use, Unit 3 offers a rare opportunity for an owner-user to create a large, customized living or live/work space within historic Mount Vernon.Unit 3 connects internally to Unit 1, creating approximately 5,508 sq. ft. of contiguous space with multiple exterior entrances ideal for a growing group practice, multidisciplinary clinic, or owner-user seeking a large, customizable environment within historic Mount Vernon.The HistoryWhat began as a small physical therapy office in the lower level soon grew to meet rising demand. As the practice expanded, additional rooms were added to accommodate more patients, staff, and specialized treatments.The doctors maintained their private offices in the parlor-level suites above, where they met with patients for long-term care planning, welcomed medical representatives, and collaborated with fellow physicians. Together, the connected spaces evolved into a cohesive professional environment purpose-built for care, collaboration, and growth while preserving the elegance and architectural presence that define Mount Vernons historic townhouses. Monthly condo fee is $1,367.61

BALTIMORE MD Residential Income for Sale

112 East 20th Street has been owned by the same party for 50 years. During that time, ownership did very little in the way of capital improvements and rents were kept well below market. Rather than paying a premium for someone elses renovation choices, an investor can buy this at a lower price per unit and renovate the property in a way that matches their own budget, goals, and style.Now offered at $195,000, this three-unit building is priced at just $65,000 per unit and $84 per square foot. The unit mix includes 2 two-bedroom apartments and 2 one-bedroom apartment, giving a buyer a manageable multifamily asset with meaningful upside.At projected market rents, the property shows an 11.20% cap rate and an 18.4% projected cash-on-cash return. Current rents are below market, leaving room for a new owner to improve income through rent increases and renovations.The building is separately metered with four electric meters and three gas meters. The landlord currently pays public service bills and one apartments electric meter, but a future owner may be able to modify lease terms so tenants pay more of their own utilities.Barclay is centrally located between Station North and Charles Village, about five blocks north of Penn Station. Tenants have walkable access to MARC and Amtrak service, with connections to Washington, D.C., New York City, and the broader Northeast corridor. Johns Hopkins University, I-83, and downtown Baltimore are also nearby.This is not a polished, turnkey building and that is the opportunity. For an investor who wants a multifamily property at a low per-unit price, and the ability to make their own decisions on renovation scope and finishes, 112 East 20th Street is worth a serious look.

BALTIMORE MD Commercial Sale for Sale

3344 East Baltimore Street presents a six-unit mixed-use investment at a prominent corner location just north of Patterson Park. The property includes four residential apartments, a corner restaurant, and a retail storefront, offering a balanced income stream within a highly walkable neighborhood.Two commercial leases are in place through 20282030 with annual rent increases, delivering stable income with built-in growth. The residential units were renovated in 2011 and are designed for durability and ease of leasing.The building is fully electric with 600 amps of service, separately metered, and fully sprinklered, supporting modern operational standards and reducing long-term capital exposure.Located in a Walk Score 96 corridor, the property benefits from immediate access to neighborhood retail, dining, and daily conveniences. Patterson Parkjust five blocks southanchors the area with over 130 acres of green space, recreational amenities, and consistent foot traffic.Positioned 1.5 miles from Johns Hopkins Hospital and one mile from the Bayview campus, the location is supported by one of the regions largest employment bases, reinforcing long-term residential and commercial demand.3344 East Baltimore Street offers investors a rare combination of stabilized commercial income, residential demand, and a highly visible corner location in one of Baltimores most active neighborhoods.

BALTIMORE MD Residential Income for Sale

Owned and operated by the same owner for approximately 50 years, 2708 Maryland Avenue has seen no capital improvements over that time and is offered at a low cost per unit in the Charles Village corridor. The property presents a clear opportunity to increase income through tenant turnover, interior renovations, and improved management. Investors can pursue multiple strategies, including stabilizing rents to market levels or executing a phased renovation program to unlock higher rental potential.Three-unit investment opportunity in Charles Village, located just four blocks from Johns Hopkins Universitys Homewood Campus and Wyman Park Dell. Offered at $305,000 ($101,667 per unit), the property presents a projected 11.7% cash-on-cash return at market rents based on comparable apartments in similar condition.The building is configured as two one-bedroom apartments and one studio apartment. The property meets FHA self-sufficiency guidelines, offering an attractive opportunity for an owner-occupant. With as little as 3.5% down, an owner could occupy one unit, rent the remaining units, and achieve an estimated net housing cost of approximately $233/month, including principal, interest, taxes, insurance, and PMI. With 20% down, the estimated net housing cost is approximately $314/month. (Estimates exclude utilities and are based on current projections.)Located along the Maryland Avenue corridor, tenants enjoy walkable access to the Charles Village Shopping District, the Maryland Avenue Cycle Track, and numerous dining and retail options. The neighborhood is supported by strong, institutionally driven rental demand from Johns Hopkins University and surrounding employment centers.For investors seeking additional value, targeted interior upgrades including kitchens, baths, and flooring could position units to achieve rents of $1,500+ per month in this proven rental corridor.

BALTIMORE MD Residential Income for Sale

Zoned C-1, this oversized Charles Village mixed-use rowhome offers a rare opportunity to live, work, or invest in one of Baltimores most dynamic corridors. With approximately 3,135 square feet of above-grade space plus finished basement area, the property includes two residential apartments and two commercial suites, allowing a future owner to tailor the layout to their needs. Whether envisioning an owner-occupied residence with on-site workspace or a blend of residential and commercial income, the flexibility is built in. Located along 25th Streets Black Wall Street corridor, the property sits within a vibrant, walkable hub of Black-owned businesses, neighborhood retail, and community-driven commercial activity.The second- and third-floor apartments are oversized one-bedroom units with generous room dimensions and large north- and south-facing windows, including a southern-facing bay window that provides additional natural light. Original hardwood floors remain throughout most living areas. Kitchens feature wood cabinetry, laminate counters and flooring, and either a 30-inch electric or gas range. Bathrooms have modern vanities and cast-iron tubs with ceramic tile surrounds. A future owner may elect to update kitchens and baths to support higher rents.The apartments are heated by a central Repco 275,00 BTU hot water radiator heating system; radiant heating serves the terrace store. The landlord pays for the gas heat; a savvy owner could pass this through to tenants, improving cash flow. The 1st floor commercial tenant has their own heat pump with central air. A central 40-gallon gas-fired water heater supplies hot water to all units. Each unit has its own electric meter and pays their own electric. Two gas meters serve the property, one public service and the other presumed for Apartment 2. All interior water supply pipes are copper or C-PVC, with a copper water main. All observable interior water drain lines are copper or steel. The landlord currently pays for water. A TPO membrane roof was installed in 2016.The 25th Street corridor in Charles Village has long been known as Black Wall Street, a historic center of Black-owned businesses and commercial activity in Baltimore City. Today, the corridor supports a mix of retail, service, and professional users, benefiting from steady pedestrian traffic and strong neighborhood visibility. Residential tenants enjoy close proximity to restaurants, art venues, and daily conveniences.Johns Hopkins Universitys Homewood CampusBaltimore Citys largest employment hubis five blocks north, supporting consistent residential demand. The central location offers convenient access to downtown Baltimore and I-83, with the Maryland Avenue CycleTrack located one block away for bike commuters.28 East 25th Street carries a Walk Score of 97, a Transit Score of 80, and a Bike Score of 85.The commercial suites are built out to support prior and current uses. The first-floor suite, now vacant, was previously configured for medical training with classrooms, training stations, a private rear office, and a modern half bath, offering flexibility for office, medical, educational, or service-oriented users. The lower-level terrace retail suite has received recent improvements, including drywall walls and ceilings, recessed lighting, LVP flooring, and an upgraded half bath. The rear portion of the terrace suite houses utilities and provides additional storage space.

BALTIMORE MD Home for Sale

3030 Barclay Street is a 3-bedroom, 1-bath home in Abell, located on a tree-lined street near Johns Hopkins University, MedStar Union Memorial, Waverly Farmers Market, and the Charm City Circulator. The home includes a covered front porch, hardwood flooring in the living areas, exposed brick accents, and a formal dining room.The kitchen is equipped with wood cabinets, laminate countertops, a 30 gas range, and dishwasher. The bathroom includes a pedestal sink and steel tub with ceramic tile surround. A full-size washer and dryer are located in the basement.Currently rented at $1,100/month, with projected market rent of $1,600/month. Tenants pay all utilities, including gas, electric, and water. The property is served by a gas-fired furnace and 50-gallon gas-fired water heater. At the $140,000 asking price, the property offers a 10.03% cap rate and 15.8% projected cash-on-cash return.

BALTIMORE MD Home for Sale

$8,603 Monthly NOI with Tenant in Place Through August 2030!Rare opportunity to acquire a renovated income-producing property with a long-term lease already in place. The current tenant is secured through August 31, 2030, providing immediate cash flow and operational continuity from day one.Unlike many residential investments, the tenant is responsible for utilities, maintenance, and replacement of major building systems, including HVAC and water heating equipment. This structure reduces owner involvement, limits capital expenditure exposure, and creates a more passive ownership experience than typical residential rental property.Renovated in 2024, the 3,805-square-foot building is configured across nine bedrooms and features durable finishes designed for high-occupancy use. Improvements include a modern kitchen with granite and laminate countertops, wood cabinetry, multiple refrigerators, gas cooking, updated baths, laminate flooring, chairlifts, an ADA-accessible entry ramp, and a full sprinkler system.Mechanical systems include a 90+ AFUE Rheem gas-fired furnace with dual-zone central air conditioning, an additional attic-mounted heat pump with independent thermostat, a 50-gallon electric water heater, and updated C-PVC and PVC plumbing.Located in the owner-occupied Hamilton-Waltherson neighborhood, just off Harford Road, the property offers convenient access to I-95, I-695, Downtown Baltimore, and numerous employment centers throughout the region.Investment Summary $1,100,000 Purchase Price $103,237 Current NOI $8,603 Monthly NOI9.39% Cap Rate12.0% Projected Cash-on-Cash Return Tenant in Place Through 8/31/2030

BALTIMORE MD Residential Income for Sale

Rare opportunity to acquire a 20-unit mixed-use portfolio along North Charles Street in Old Goucher. Comprised of four connected buildings with approximately 82 feet of frontage, the property includes 5 commercial spaces, 14 licensed apartments, and 1 unlicensed carriage house apartment with attached garage.The asset has been under the same ownership for approximately 50 years with limited capital improvements, resulting in deferred maintenance and below-market residential rents. Investors may pursue multiple value-creation strategies, including bringing existing apartments to market rents, renovating units over time, re-tenanting commercial spaces, or undertaking more significant property improvements.80% of the commercial tenants have occupied the property for more than 20 years, providing established tenancy along one of Baltimore's primary commercial corridors. Residential units consist primarily of one-bedroom apartments with additional two-bedroom and one-bedroom-with-den layouts.Located in Old Goucher, this value-add opportunity benefits from proximity to Charles Village, Station North, Remington, and Mount Vernon. North Charles Street provides direct connectivity from Towson through Baltimore City and into South Baltimore, supporting both residential and commercial demand.Offered at $67,500 per unit and $69 per square foot, the property is positioned for an investor willing to take on deferred maintenance in exchange for scale, frontage, and upside. The existing configuration supports a value-add approach through rent growth and phased renovations, while the large footprint along North Charles Street may also appeal to buyers considering a more comprehensive redevelopment strategy over time.

BALTIMORE MD Commercial Sale for Sale

16.1% Projected Cash-on-Cash Return $2,953 Projected Monthly NOI Licensed 10-Room Congregate Housing Facility3921 Old York Road offers a unique opportunity to acquire a licensed 10-room congregate housing facility with projected annual Net Operating Income of $35,438, or $2,953 per month, when operated at full capacity under the current operating model. Based on the financing assumptions contained in the offering materials, the property projects a 10.9% cap rate and 16.1% cash-on-cash return.The building includes ten private rooms, an administrative office, two ADA-accessible rooms, shared kitchen and laundry facilities, and a fire sprinkler system. This configuration supports a variety of housing models, including workforce housing, shared housing, transitional housing, senior housing, and other congregate living arrangements permitted by law.Located near the 33rd Street, Waverly, and Greenmount Avenue commercial corridor, residents have convenient access to Giant Food, retail shopping, laundromats, dining, and public transportation. Investors seeking strong projected cash flow, existing licensing, and flexible housing opportunities will find a compelling opportunity at 3921 Old York Road.

BALTIMORE MD Commercial Sale for Sale

30 East 25th Street is a six-unit mixed-use investment property located along the East 25th Street commercial corridor in Baltimores Charles Village neighborhood. The property includes four residential apartments and two commercial suites, creating diversified income through a combination of apartment and street-level commercial tenancy.Priced at $79,167 per unit and $152 per square foot, the offering presents a lower-basis entry point into one of North Baltimores most recognizable mixed-use corridors. Current operations project a 9.20% cap rate and 10.4% cash-on-cash return at market rents, supported by residential demand and commercial visibility along 25th Street.The residential component consists of two one-bedroom apartments and two studio apartments. Kitchens feature laminate counters, wood cabinetry, stainless steel sinks, 30-inch electric ranges, and built-in microwaves. Bathrooms include modern vanities, steel tubs, and ceramic tile surrounds. The one-bedroom apartments each include stacked washers and dryers.The commercial suites offer flexible layouts suited for office, retail, studio, or service-oriented users. Suite 101 features hardwood flooring, while the lower-level suite has laminate flooring. Each commercial suite is tenant fit-out and includes a half-bath.The building is configured as an all-electric asset with separate systems serving the residential and commercial spaces. Each unit and suite has an individual electric heat pump with central air conditioning and its own electric water heater. Seven electric meters serve the property. The landlord currently pays public service electric and water and sewer, with potential to implement water bill-back practices to improve operating efficiency.Positioned along Baltimore Citys 25th Street corridorknown as part of the citys Black Wall Street commercial district30 East 25th benefits from steady pedestrian activity, neighborhood retail, and strong visibility. Johns Hopkins Universitys Homewood Campus sits approximately five blocks north, supporting residential leasing demand and neighborhood activity. The property carries a Walk Score of 96, Transit Score of 80, and Bike Score of 85, supporting both residential and commercial tenancy.

BALTIMORE MD Residential Income for Sale

2924 Saint Paul Street presents a Charles Village value-add apartment building with below-market rents, deferred maintenance, and long-term ownership history. Investors have the flexibility to execute a renovation strategy that matches their budget and goals, whether through cosmetic apartment updates, mid-grade renovations, complete gut rehabs as units become available, or capital improvements to the buildings systems and common areas.The property consists of 4 apartments: 3 two-bedroom apartments and 1 one-bedroom apartment. The apartments are notably large, with two bi-level layouts, Apartment 2 occupying the full second floor, and Apartment 3 occupying the full third floor. Kitchens have been modernized over time with newer laminate countertops, wood cabinetry, and 20" or 30" gas ranges. Bathrooms have modern vanities and steel or cast-iron tubs, with surrounds consisting of vinyl, fiberglass, or ceramic tile.2924 Saint Paul is located just two blocks from Johns Hopkins Universitys Homewood campus and one block east of Wyman Park Dell, placing the property directly in one of Baltimores strongest student and professional rental corridors. The Johns Hopkins Shuttle stops just two blocks south, connecting riders to Peabody, Johns Hopkins Hospital, Broadway research facilities, and Bayview Medical Center.Current rents remain below prevailing market levels in the Hopkins corridor, creating a clear path to income growth as leases turn. At the asking price of $570,000, the property is offered at $142,500 per unit and $182 per sq. ft., with projected market-rent metrics of 7.7x GRM, 8.70% cap rate, and 10.0% projected cash-on-cash return. A rare opportunity to acquire a 4-unit Charles Village apartment building with large layouts, rent growth upside, and long-term demand driven by Johns Hopkins University.

BALTIMORE MD Residential Income for Sale

2945 Saint Paul Street presents a Charles Village value-add apartment building with below-market rents, deferred maintenance, and a long-term ownership history. Rather than paying a premium for someone else's renovation choices, investors have the opportunity to improve the property at their own pace and to their own specifications. Whether through cosmetic apartment updates, comprehensive renovations, operational improvements, or capital upgrades to the building's systems and common areas, 2945 Saint Paul Street offers multiple paths to increased income and long-term value.The property includes 2 two-bedroom apartments, 1 one-bedroom apartment, and 1 studio apartment. Apartment interiors reflect varying levels of renovation completed over time, giving a new owner the flexibility to renovate as units become available while preserving rental income. Kitchens feature wood cabinetry, laminate countertops, gas ranges ranging from 20" to 30", and practical layouts that can be updated to match a buyer's renovation budget. Bathrooms include modern vanities with a mix of steel and cast-iron tubs and vinyl, fiberglass, or ceramic tile surrounds. The building is served by a central gas-fired boiler with radiator distribution and a central gas-fired hot water heater. Five electric meters provide separate electric service to each apartment plus public service, while two gas meters serve the building. A new owner may find opportunities to further improve operating efficiency through utility refinements and expense reimbursements.2945 Saint Paul Street is located on one of Charles Village's most recognizable residential corridors, just 1 blocks from Johns Hopkins University. The surrounding area continues to attract students, faculty, medical professionals, and long-term residents, supporting consistent rental demand. Combined with the property's value-add characteristics, this location provides investors with the opportunity to create value in one of Baltimore City's most established and desirable apartment markets.

BALTIMORE MD Home for Sale

Step into this beautifully updated townhome in one of Baltimore's most sought-after neighborhoods!On the first floor, the spacious living room welcomes you with new engineered luxury vinyl floors and plenty of natural light streaming through energy-efficient vinyl replacement windows. The all-new kitchen is a standout, boasting sleek granite countertops, shaker cabinets, a dishwasher, 30" gas range, and a chic ceramic tile backsplashideal for the home chef. Upstairs a large bedroom enjoys natural light from two replacement windows. A spacious closet gives ample storage space. Across the hall is a walk-through den, and a full bathroom with a modern vanity, full tub, and new ceramic tile enclosure. The basement offers a washer and dryer for added convenience, plus extra storage space to keep everything organized. Enjoy the central air conditioning in Baltimore's hot summers, and use the gas furnace to keep warm in the winter. The rear yard has a new privacy fence, and a new wood deck perfectly sized for a patio set. Located in trendy Remington, this home puts you in the heart of one of Baltimores most vibrant areas. Enjoy being close to local attractions like the Hampden Avenue, Johns Hopkins University, and the Charles Village Shopping District. Trendy dining spots, including R-House and 29th Street Tavern, are just around the corner, along with beloved neighborhood staples like Papermoon Diner.Dont miss your chance to make 2620 Miles Avenue your new home! Schedule a tour today!

BALTIMORE MD Residential Income for Sale

2024 full-gut renovation: Live in one beautifully updated apartment with stainless steel appliances, granite counters, and real wood cabinetrywhile generating rental income from the second unit. Just 0.5 miles to the University of Marylandserving grad students and professionals seeking nearby housing. Hollins Market revitalization and BioPark expansion fuel long-term neighborhood growth and demand. Potential for Lead-Free Limited or Lead-Free certification, reducing turnover costs, liability, and compliance paperwork for ownership.Apartment Interiors:Fresh from a 2024 renovation, 101 South Poppleton offers the perfect setup for a buyer seeking charm, convenience, and a smart path to homeownership. Live in one apartment and lease the other for supplemental rental income, all while building equity in a growing Baltimore neighborhood.Inside, both apartments showcase thoughtful updates with quality materials: upgraded stainless steel appliancesincluding French door, bottom-freezer refrigeratorsare paired with granite countertops and real wood cabinetry for a polished, high-end finish. Bathrooms are bright and refreshed, featuring modern vanities, easy-to-clean ceramic tile flooring, and fiberglass shower inserts in most units. Durable flooring, stylish fixtures, and in-unit laundry round out the turnkey living experience.Utilities:Utility systems were fully updated during the 2024 renovation, supporting low-maintenance ownership and tenant comfort. New gas fill vinyl replacement windows improve energy efficiency by reducing heat transfer. Apartment 1 is equipped with dual-zone heating: one gas furnace and one heat pump, both paired with central air conditioning. Apartment 2 is served by its own gas furnace with central air. Both units share a single gas meter, while electric service is separately metered for tenant billing. Tankless electric water heaters provide on-demand hot water with quick recovery. All interior supply and drain lines were replaced during the renovation. As a full gut rehab, the property may qualify for Lead-Free Limited or Lead-Free certificationreducing liability, compliance paperwork, and turnover costs for ownership.Whats Special About Hollins Market?For buyers looking to put down roots in Baltimore, Hollins Market offers the charm of a historic neighborhood with the momentum of major redevelopment. The $2.1 million revitalization of Baltimores oldest public market has transformed it into a lively hub for fresh food, local vendors, and community gatheringstrengthening the neighborhoods appeal for residents and small businesses alike.Just a half-mile walk away, the University of Maryland campus anchors the area with its nationally ranked programs in law, dentistry, medicine, nursing, pharmacy, and social work. Unlike traditional colleges, the University does not offer on-campus housing, creating consistent demand from graduate students and professionals seeking quality rental options nearby. Adjacent to campus, the expanding BioPark is establishing Hollins Market as a growing hub for life sciences and innovation. The newly constructed 4MLK facility adds 250,000 square feet of modern lab and office space, bringing over 1,000 biotech professionals to the neighborhood and further fueling demand for well-located housing within walking distance.With continued investment, an active community, and a walkable urban lifestyle, Hollins Market is an ideal location for buyers seeking long-term value and connection.