2708 MARYLAND AVE Baltimore, MD 21218
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Pending
Purchase Type For Sale
Square Footage 2,238 sqft
Price per Sqft $136
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
Three-unit investment opportunity in Charles Village, located just four blocks from Johns Hopkins University's Homewood Campus and Wyman Park Dell. Offered at $305,000 ($101,667 per unit), the property presents a projected 11.7% cash-on-cash return at market rents based on comparable apartments in similar condition.
The building is configured as two one-bedroom apartments and one studio apartment. The property meets FHA self-sufficiency guidelines, offering an attractive opportunity for an owner-occupant. With as little as 3.5% down, an owner could occupy one unit, rent the remaining units, and achieve an estimated net housing cost of approximately $233/month, including principal, interest, taxes, insurance, and PMI. With 20% down, the estimated net housing cost is approximately $314/month. (Estimates exclude utilities and are based on current projections.)
Located along the Maryland Avenue corridor, tenants enjoy walkable access to the Charles Village Shopping District, the Maryland Avenue Cycle Track, and numerous dining and retail options. The neighborhood is supported by strong, institutionally driven rental demand from Johns Hopkins University and surrounding employment centers.
For investors seeking additional value, targeted interior upgrades — including kitchens, baths, and flooring — could position units to achieve rents of $1,500+ per month in this proven rental corridor.
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
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 SCHOOLS & PROPERTIES
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Sales Director, Realtor | License ID: MD: 662897 / PA: RSR005460
+1(410) 905-6678 | mike@mykeyhometeam.com