2331 E Federal Street

An established mixed-use building in Baltimores Broadway East neighborhood. It qualifies for owner-occupant FHA financing since the majority of the building is residential. Get the building + reno money rolled into a single mortgage using FHAs 203k loan program. Seller seeks to rent-back the 1st floor store for $1,000/month for the first 6 months. Bring this retail store back to life or use it as space for your business. The property includes a spacious one-bedroom apartment above the store. The property needs renovation. It is eligible for FHAs 203k renovation loan program. The renovation money is rolled into the loan. Any buyer eligible for a normal FHA mortgage can use it. This is a standard 30-year mortgage program. Assuming a reno budget of $115k, the monthly payments on this mortgage would be $1,625/month. The area has high foot traffic and it offers both stability and growth potential. The foot and vehicle traffic is high enough that a local carwashing business chose this location in summer 2025. Come see it today.