Tax Lien Rowhouse — Marble Steps, Original Details

Baltimore rowhouses with marble stoops and original woodwork are trading at absurd discounts in transitioning blocks. This Upton property — 18 months vacant following a tax lien — still has its original pocket doors, plaster medallions, and 10-ft ceilings. The city's Live Baltimore $10k homebuyer incentive applies here. Upton sits adjacent to Reservoir Hill, one of Baltimore's most active gentrification corridors. Gross rent on a similar finished rowhouse: $1,400–1,600/month. The cap rate potential is exceptional if you have the stomach for a 90-day rehab.