UPDATED:
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
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