Pending

MLS: #MDBA2207358, Listed By: Will Cannon, Ben Frederick Realty, Inc., Source:Bright MLS

2708 Maryland Avenue

BALTIMORE, MD 21218

$305,000 $1,285/Mo

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Overview

Bed

Bath

2,238

Sqft

0.03

Acre(Lot)

Description

Owned and operated by the same owner for approximately 50 years, 2708 Maryland Avenue has seen no capital improvements over that time and is offered at a low cost per unit in the Charles Village corridor. The property presents a clear opportunity to increase income through tenant turnover, interior renovations, and improved management. Investors can pursue multiple strategies, including stabilizing rents to market levels or executing a phased renovation program to unlock higher rental potential. Three-unit investment opportunity in Charles Village, located just four blocks from Johns Hopkins University’s Homewood Campus and Wyman Park Dell. Offered at $305,000 ($101,667 per unit), the property presents a projected 11.7% cash-on-cash return at market rents based on comparable apartments in similar condition. The building is configured as two one-bedroom apartments and one studio apartment. The property meets FHA self-sufficiency guidelines, offering an attractive opportunity for an owner-occupant. With as little as 3.5% down, an owner could occupy one unit, rent the remaining units, and achieve an estimated net housing cost of approximately $233/month, including principal, interest, taxes, insurance, and PMI. With 20% down, the estimated net housing cost is approximately $314/month. (Estimates exclude utilities and are based on current projections.) Located along the Maryland Avenue corridor, tenants enjoy walkable access to the Charles Village Shopping District, the Maryland Avenue Cycle Track, and numerous dining and retail options. The neighborhood is supported by strong, institutionally driven rental demand from Johns Hopkins University and surrounding employment centers. For investors seeking additional value, targeted interior upgrades — including kitchens, baths, and flooring — could position units to achieve rents of $1,500+ per month in this proven rental corridor.

Property Details

Property Type : Residential Income

Price : $305,000

AD Id : 76222865

MLS Id : MDBA2207358

Beds : 2

Lot Size : 0.03 Acre

Living Area Size : 2,238

Year Built : 1920

County : BALTIMORE CITY

Subdivision: Charles Village

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 2
Interior Features

Appliances: Gas Water Heater
Heating & Cooling

Has Heating: Yes Heating: Natural Gas, Radiant Cooling: None

Building Information

Year Built: 1920 Building Area Total: 3056 Construction Materials: Brick Pool Features: None Private Pool: No

Lot Information

Lot Dimensions: 14'2" x 85' Lot Size Acres: 0.03 Lot Size Source: Estimated Lot Size Square Feet: 1190

Property Information

Subdivision: CHARLES VILLAGE Source Property Type: Residential Income Postal Code Plus 4: 5523 Zoning Description: Licensed for 3 Dwelling Units Property SubType: Triplex Property Age: 106

Listing Price Information

Listing Price: $305000

Tax Information

Parcel Number: 0312033646 005 Tax Lot: 005 Tax Year: 2025 Annual Tax: $4052

Parking Information

None

Location Information

Direction: GPS WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
622 E 33rd Street, Baltimore, MD, 21218	$520,000	4	--	2,492	2,492 SqFt
316 E 25th Street, Baltimore, MD, 21218	$289,000	2	--	1,560	1,560 SqFt
112 E 20th Street, Baltimore, MD, 21218	$240,000	5	--	2,322	2,322 SqFt
1927 Saint Paul Street, Baltimore, MD, 21218	$725,000	6	--	3,929	3,929 SqFt
118 E 25th Street, Baltimore, MD, 21218	$299,999	6	--	2,895	2,895 SqFt
2635 N Calvert Street, Baltimore, MD, 21218	$889,900	7	--	3,292	3,292 SqFt
2522 N Calvert Street, Baltimore, MD, 21218	$475,000	3	--	2,553	2,553 SqFt
17 E 21st Street, Baltimore, MD, 21218	$650,000	5	--	3,732	3,732 SqFt
2210 N Charles Street, Baltimore, MD, 21218	$475,000	6	--	2,760	2,760 SqFt

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ByOwner last updated this listing 06/12/2026 @ 19:31

MLS: MDBA2207358 LISTED BY: Will Cannon, Ben Frederick Realty, Inc. 410-235-9500 SOURCE: Bright MLS