2301 Maryland Ave - Apartments FOR SALE


Baltimore, MD 21218- Charles Village
$1,675,000 USD
410-235-9500
2301 Maryland Ave, Baltimore, MD for Sale
$1,675,000 USD
Apartments - FOR SALE
1/82
null | 9.79% Cap Rate

2301 Maryland Ave
Baltimore, MD 21218
Charles Village


HIGHLIGHTS

  • Compelling Entry Basis with Short- and Long-Term Upside – $37,222 per unit with upside opportunity
  • Scale Rarely Available in Baltimore Rowhouse Product – 45 units across five contiguous buildings
  • Flexible Residential Configuration – unit mix and layout accommodate both conventional apartment operations and alternative residential models

OVERVIEW

2301-2307 Maryland is a five-building residential offering on a single block and lot in Baltimore, Maryland, consisting of 24 apartments and 21 rooming units. The buildings span a continuous frontage along Maryland Avenue and have been operated as a unified asset, combining traditional apartment layouts with institutional-style configurations that support shared housing environments. Located in the Old Goucher neighborhood, the property sits within a central Baltimore corridor between Johns Hopkins University, Charles Village, and the Station North Arts District—three of the city’s most active and recognizable neighborhoods. The area benefits from strong proximity to major employers, higher education, healthcare, and transit, and continues to see reinvestment through residential and commercial development. The mix of rooming units and apartments, along with the layout of 2301–2303, provides a unique opportunity to operate the property under multiple strategies, including conventional multifamily, shared housing, or programmatic residential use. The scale of the assemblage—five contiguous buildings—allows for operational efficiencies not typically found in smaller assets. With a clear path to improve performance through targeted upgrades and management, the property offers investors the opportunity to increase income, optimize operations, and reposition the asset over time, all within a well-located and evolving urban submarket.

FOR SALE DETAILS

PRICE

$1,675,000 USD

PRICE/SF

$77 USD /SF

# OF UNITS

45

PRICE/UNIT

$37,222

CAP RATE

9.79%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,124 SF

ZONING

C-1

APN/PARCEL ID

3623-001

ASK ABOUT THIS PROPERTY

Tom FairBen Frederick Realty, Inc.More Info
410-235-9500

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Tom FairBen Frederick Realty, Inc.More Info
410-235-9500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.