2708 Maryland Ave - Multi-Family FOR SALE


Baltimore, MD 21218- Charles Village
$305,000 USD
410-235-9500
2708 Maryland Ave, Baltimore, MD for Sale
$305,000 USD
Multi-Family - FOR SALE
1/21
null | 9.19% Cap Rate

2708 Maryland Ave
Baltimore, MD 21218
Charles Village


HIGHLIGHTS

  • Hopkins Rental Corridor – Four blocks from Johns Hopkins University and Wyman Park in walkable Charles Village.
  • 11.7% Projected Cash-on-Cash at Market Rents – Based on comparable apartments in similar condition.
  • Renovation Upside – Kitchen, bath, and flooring upgrades could support rents of $1,500+ per month.

OVERVIEW

2708 Maryland Avenue presents the opportunity to acquire a three-unit multifamily investment in Baltimore’s Charles Village neighborhood, located four blocks from Johns Hopkins University’s Homewood Campus. Anchored by one of the region’s largest academic and medical institutions, this corridor consistently attracts student, faculty, and workforce tenants seeking walkable housing near campus and neighborhood amenities. The property includes two one-bedroom apartments and one studio apartment and is offered at $305,000 ($101,667 per unit). Based on comparable apartments in similar condition, the property projects an 11.7% cash-on-cash return at market rents, representing measurable income upside without requiring major repositioning. The building is currently separately metered for gas and electric service, with tenants responsible for their in-unit consumption. Located along the Maryland Avenue corridor, tenants benefit from close proximity to Johns Hopkins University, Wyman Park Dell, the Charles Village Shopping District, and the Maryland Avenue Cycle Track. The neighborhood provides strong walkability and convenient access to transit routes and the Hopkins Shuttle system connecting multiple Baltimore campuses. For investors seeking additional value creation, strategic interior upgrades — including modernized kitchens, baths, and flooring — could position apartments to achieve $1,500+ monthly rents in this proven rental corridor.

FOR SALE DETAILS

PRICE

$305,000 USD

PRICE/SF

$136 USD /SF

# OF UNITS

3

PRICE/UNIT

$101,667

CAP RATE

9.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maryland Avenue Triplex

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R7

APN/PARCEL ID

3646-006

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.