About 637 Washington Blvd
Welcome to 637 Washington Blvd, home to the renowned Rachael’s Dowry Bed & Breakfast. This sale offers a rare opportunity to own a piece of history in the heart of Baltimore’s Ridgely’s Delight. Built in the late 1700s by the Warner family, this remarkable home is steeped in history, having hosted George and Martha Washington and serving as a documented stop on the Underground Railroad. Today, it stands as Baltimore’s highest-producing bed and breakfast, offering a seamless blend of historical charm and modern amenities.
Property under went a major renovation in 2009, upgrading the plumbing, electrical, and HVAC, and updating all bathrooms and common areas. The main residence features six spacious guest suites 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 if you choose to continue that Business. There’s 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.
