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Listed by Will Cannon • Ben Frederick Realty, Inc.

$285,000

Est. payment - /mo

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2,238 SqFt

Price Dropped by $20K

2708 MARYLAND AVE Baltimore, MD 21218

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Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,238 sqft

Price per Sqft $127

Subdivision Charles Village

MLS Listing ID MDBA2207358

Style Converted Dwelling

Abv Grd Liv Area 2,238

Year Built 1920

Annual Tax Amount $4,052

Tax Year 2025

Lot Size 1,190 Sqft

Acres 0.03

Lot Dimensions 14'2\" x 85'

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

At just $95,000 per unit, 2708 Maryland Avenue offers an unusually low entry point into the Charles Village rental market, just four blocks from Johns Hopkins University's Homewood Campus. Owned and operated by the same owner for 53 years, the property has seen no capital improvements over that time. Outdated systems, deferred maintenance and below-market rents create multiple paths to increased income and long-term value.

Investors do not need to take on a full renovation immediately to improve performance. Existing apartments can be re-leased at market rents in similar condition, while a more aggressive strategy could include renovating apartments as they become vacant. Updated kitchens, baths and flooring could position renovated units to achieve rents of $1,500+ per month. This allows a new owner to choose between immediate market rent alignment, phased improvements, or a larger renovation program over time.

The building consists of two one-bedroom apartments and one studio and also offers a compelling owner-occupant opportunity. The property meets FHA self-sufficiency guidelines. With as little as 3.5% down, an owner could occupy one apartment while collecting $2,300 per month from the remaining units. Based on the suggested financing, the rental income would offset all but $101 per month of PITI and PMI. Estimates exclude utilities.

The location supports each of these strategies. 2708 Maryland Avenue is four blocks from Johns Hopkins University's Homewood Campus and Wyman Park Dell, with walkable access to the Charles Village Shopping District, Maryland Avenue Cycle Track, neighborhood dining and retail, Hopkins Shuttle routes and other major Baltimore employment centers.

At $285,000, this is an opportunity to acquire three apartments in the Hopkins-driven Charles Village rental corridor for $95,000 per unit, with multiple paths to increase income depending on an investor's renovation strategy and timeline.

Location

State MD

County Baltimore City

Zoning R-7

Interior

Hot Water Natural Gas

Heating Radiator

Cooling None

Inclusions 3 gas ranges, 3 refrigerators included.

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Private Pool No

Building

Foundation Brick/Mortar

Above Ground Finished SqFt 2238

Sewer Public Sewer

Water Public

Architectural Style Converted Dwelling

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0312033646 005

Ownership Fee Simple

SqFt Source 2238

Special Listing Condition Standard

NEARBY SCHOOL & BUSINESS

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2708 MARYLAND AVE Baltimore, MD 21218

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Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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2708 MARYLAND AVE