BEDS0
BATHS
SQUARE FEET2,466
MLS#MDBA2225114
STATUSPENDING
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONOLD GOUCHER
SCHOOLBALTIMORE CITY PUBLIC SCHOOLS
Property Description
2407 Maryland Avenue presents a three-unit apartment building in Baltimore's Old Goucher neighborhood, offering investors immediate income with meaningful upside. Simply bringing the existing rents to current market levels is projected to increase gross rental income by nearly $1,000 per month, resulting in a projected 10.4% return on investment—all without requiring extensive renovations. The property has been under long-term ownership and reflects deferred maintenance and cosmetic wear consistent with many years of ownership. Investors have the flexibility to execute an improvement strategy that matches their budget and investment goals, whether through routine cosmetic updates, mid-grade renovations, complete apartment rehabs as units become available, or capital improvements to the building's systems and common areas. Additional improvements beyond market rent alignment may support even stronger rental performance and long-term appreciation. Located in the heart of Old Goucher, residents enjoy walkable access to Johns Hopkins University Homewood Campus, Penn Station, the Station North Arts District, and the Charles Village commercial corridor. With approximately 85% of neighborhood residents renting their homes, Old Goucher continues to provide a deep tenant pool supported by nearby employers, universities, restaurants, and public transportation.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Fuel Type: Natural Gas
Heating: Radiator
Home Style: Converted Dwelling
Lot Size: 0.03 Acres
Roof Type: Rubber
Taxes: $4,510
Year Built: 1900
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Days on Site: 40
Exterior: Brick
Lot Dimensions: 0.03 Acre(S)
Municipality: Baltimore City
One Bedroom Units: 1
Sewer: Public Sewer
Structure Type: Interior Row/Townhouse
Total Garage/Parking Spaces: 0
Two Bedroom Units: 2
Units: 3
Water: Public
Local Schools
School District: BALTIMORE CITY PUBLIC SCHOOLS
Listed By / Shown By
Listed By
Agency Name: Ben Frederick Realty, Inc.
Agency Phone: 4102359500
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 1,030.31 per month $578.65 Principal & Interest $375.83 Property Tax $75.83 Homeowner's InsuranceChange Payment Information
2407 Maryland Avenue | MLS# MDBA2225114
This multi-family property located at 2407 Maryland Avenue, Baltimore, MD 21218 is currently listed for sale with an asking price of $260,000. Maryland Avenue is located within the BALTIMORE CITY PUBLIC SCHOOLS school district. Search Baltimore real estate on www.realtymark.net today.