7,228 SqFt
7,228 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,228 sqft
Price per Sqft $193
Subdivision Ridgely'S Delight
MLS Listing ID MDBA2164386
Originating Board BRIGHT
Year Built 1796
Annual Tax Amount $12,176
Tax Year 2024
Lot Size 6,175 Sqft
Acres 0.14
Property Sub-Type Mixed Use
Property Description
The main residence features six spacious guest suite spread across three floors above grade, each with a private full bath, ranging from 350 to 600 square feet. The basement houses a semi-commercial kitchen, an additional bedroom, and a full bath. A private courtyard connects the main house to the rear of the property, leading to the historic Button Factory — an early 1800s structure that adds even more character and functionality to the property. The Factory includes a fully independent studio apartment on the main level, currently rented separately, and a 1,200 square foot owner's residence above, filled with natural light and offering views (and sounds) of Camden Yards, complete with a full kitchen and updated bath.
In total, the property offers eight units, six off-street parking spaces and one attached garage space, all included in the sale, along with the existing license to operate the B&B. In 2024, the business generated $314,000 in gross revenue with just 35% annual occupancy, highlighting the strong potential for growth. At its peak in 2019, occupancy reached 54% before a pandemic-related decline. The B&B attracts repeat tourists, convention guests, history enthusiasts, and sports fans attending nearby Orioles and Ravens games. While Airbnb was briefly tested, the current owner found it inconsistent with the property's style — though a new owner with short-term rental experience could tap into that revenue stream and integrate the studio apartment into the mix. Owner would be happy to stay on to help run the B&B.
There's also significant upside for investors considering a residential conversion. The property formerly operated as multi-unit housing and could easily be reconfigured to accommodate up to 10 rental units by adding an additional unit in the main house, and the Factory building. With estimated market rents of $1,500 per month, this conversion would present a strong income-producing asset in one of Baltimore's most desirable neighborhoods.
This one-of-a-kind property was appraised at $1,378,000 in 2023 and offers both a turn-key hospitality business and flexible investment options, all wrapped in American history.
Location
State MD
County Baltimore City
Zoning R-8*
Interior
Hot Water Electric
Heating Forced Air, Heat Pump(s)
Cooling Central A/C, Ductless/Mini-Split
Heat Source Electric
Exterior
Garage Spaces 7.0
Utilities Available Phone
Water Access N
View City
Roof Type Composite
Accessibility None
Total Parking Spaces 7
Garage N
Building
Lot Description Landscaping
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0322050686 032
Ownership Fee Simple
SqFt Source Estimated
Security Features Electric Alarm
Acceptable Financing Conventional, Seller Financing
Listing Terms Conventional, Seller Financing
Financing Conventional,Seller Financing
Special Listing Condition Standard
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
1765 Greensboro Station Place Suite 900, McLean, VA, 22102, United States