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    2405 Maryland Ave Baltimore, MD 21218

    For Sale
    $375,000

    Well-maintained triplex with full occupancy and positive cash flow.

    Lot size:
    0.03 Acres

    Property Features for 2405 Maryland Ave

    General Information

    Lot size
    0.03 Acres

    Building Details

    Year built
    1900

    Source: Monument Sotheby's International Realty Agent Joel Goldman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Occupied Triplex Opportunity

    This is a fully occupied triplex, offering an opportunity to take over a well-run and well-maintained building. The property features three rented apartments, generating a current income of $2,700 per month, or $32,400 annually. Tenants are responsible for all utility payments. On-site laundry facilities are located in the basement. Since 2019, the owner has renovated all three showers in units 1, 2, and 3. Additional improvements include the installation of a new washer and dryer in the basement, replacement of the front door, re-tiling of the kitchen floor in the first-floor unit, installation of storage in the basement, repair of the back deck, and the addition of a small roof over the entrance to the basement.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6179869
    Latitude
    39.3165126

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    FAQs

    What type of property is this?
    Triplex - Well-maintained triplex with full occupancy and positive cash flow.
    Where is this triplex located?
    The property is located at 2405 Maryland Ave Baltimore, MD.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - Full occupancy with current income of $2,700/month ($32,400/year).; - Tenants pay all utilities.; - Recent renovations including all three showers, kitchen floor in first floor unit, and back deck repair.
    (410) 917-7753
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2405 Maryland Ave Baltimore, MD 21218
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