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🔥 Large Baltimore Shell – 1421 McCulloh St, Baltimore, MD 21217

Madison Park | Historic District | Multi-Unit Potential

Located in the sought-after Historic Madison Park community, this 4-level, ~3,500 sq ft shell offers enormous potential for developers, investors, and creatives looking to build serious value. With flexible layout possibilities, you can design multiple units (pending zoning approval) or add a lower-level in-law suite for additional income.

🏗️ Property Highlights:

• Approx. 3,500 sq ft across 4 levels (including lower level)

• Fully customizable interior — bed/bath count depends on your design

• Ideal for multi-family conversion, luxury rental, or spacious single-family rebuild

• Located in a beautiful historic corridor with ongoing redevelopment

• No ground rent

💰 Eligible Incentives (Verify During Due Diligence):

• Vacants to Value Grant Program

• Historic Restoration & Rehabilitation Tax Credits

• Potential additional city incentives for vacant property revitalization

These programs can significantly reduce renovation costs and maximize returns — perfect for investors targeting Baltimore’s hottest revitalization zones.

🚀 Opportunity:

Whether you're building affordable rentals, high-end units, or a custom multi-family project, this shell is a blank canvas in a rapidly improving neighborhood with strong upside.

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Resources:

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• Run this scenario through our DSCR Calculator.
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