WAVERLY / BALTIMORE 21218 ROW | 49K BUY | SAME-STREET RENOVATED ARV SUPPORT (NOT IN MLS)
Sold Sight Unseen-No Access until we have a ratified contract with the buyer
PROPERTY OVERVIEW
Solid 3-level Waverly rowhome featuring 3 bedrooms and 1 full bathroom.
Approximately 1,316 SF above grade plus a full unfinished basement of approximately 682 SF.
Traditional rowhome layout with high ceilings throughout.
Rear patio providing additional outdoor living space.
Excellent opportunity for a complete renovation and potential lower-level expansion.
STRONG SAME-STREET RENOVATED COMPARABLES
3613 Greenmount Ave is a renovated 3-bedroom / 3-bathroom property featuring 1,242 SF above grade plus 666 SF below grade, including approximately 490 SF of finished lower-level space.
Sold for 207,000 in June 2026.
Subject property offers approximately 74 SF more above-grade living space, providing strong support for the 210,000 renovated resale target.
The comparable's three bathrooms and finished lower level are superior features and provide a clear blueprint for additional value creation.
3509 Greenmount Ave is a larger and superior renovated property featuring 2.5 bathrooms that sold for 225,000.
Additional same-street support demonstrates the potential upside for a well-executed finished product on Greenmount Avenue.
INTERIOR LAYOUT
Main Level:
Large extended living room.
Separate dining room and kitchen.
Higher ceilings throughout.
Rear exit providing access to the back patio.
Upper Level:
Three bedrooms.
One full hallway bathroom.
Lower Level:
Full unfinished basement measuring approximately 682 SF.
Utility and storage space.
Additional opportunity to create finished living space and potentially add another bathroom.
VALUE-ADD AND RENOVATION POTENTIAL
Property requires a complete interior renovation.
Opportunity to modernize the kitchen, bathroom, flooring, lighting and overall finishes.
Investor can explore adding a second bathroom to improve functionality and resale appeal.
Full unfinished basement offers potential for additional finished living space.
Renovating the lower level and improving the bathroom count could create a more competitive finished product.
Same-street renovated comparables provide strong support for the projected 210,000 ARV.
CONDITION AND MAJOR SYSTEMS
Roof currently has active or recent leak areas and should be budgeted for replacement.
Older boiler heating system.
Investor should evaluate the existing mechanical system and consider heating and cooling upgrades as part of the renovation.
Complete renovation budget should account for the roof, mechanical systems and any additional improvements required.
LOCATION AND RESALE APPEAL
Located in the established Waverly neighborhood of Baltimore.
Convenient access to Johns Hopkins University and the Baltimore Museum of Art.
Nearby Waverly Farmers Market, Sherwood Gardens, parks, shopping and restaurants.
Convenient access to major Baltimore commuter routes.
Strong neighborhood location appeal for both owner-occupant resale and investor demand.
INVESTMENT NUMBERS
Purchase Price: 49,000
Estimated Renovation: 95,000
Target ARV: 210,000
Closing Date: Friday, January 22, 2027
Offer Deadline: Monday, November 16, 2026 at 9:00 AM
OFFER SUBMISSION AND PROPERTY ACCESS
Submit your final and best offer through the company website by Monday, November 16, 2026 at 9:00 AM.
Upload Proof of Funds and LLC documentation for your offer to be considered.
Property access is not available until a contract with a buyer has been ratified.
Once a buyer's contract is ratified, MarketPro will coordinate a property walkthrough.
Craig is available to review property pictures and videos and answer questions.
For additional information, contact Craig Eberhardt by call or text at 267-613-4394.
