Historic Triplex in Academic
For Sale
$400,000
2210 MARYLAND AVE AVENUE, Baltimore, MD 21218
Rare opportunity: three historic buildings near Johns Hopkins University.
Property Size2,997 SF
Lot Size0.06 Acres
Days on Market406
Property Features for 2210 MARYLAND AVE AVENUE
General Information
Standard status
Active
Size
2,997 SF
Lot size
0.06 Acres
Property subtype
Triplex
Building Details
Building Size
2,997 SF
Year Built
1910
Listing Agency:
Keller Williams Metropolitan
Listed By:
Melvern Ledbetter · License #73170
(443) 250-6446
Source:
Kw
Added: Sep 2, 2025
Changed: Oct 10
Last Checked: Oct 11 at 3:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Metropolitan
Investment Insights
Based on property information with market context.
This is a rare opportunity to own a triplex situated in Baltimore's academic corridor. The property is ideally located to capitalize on the consistent demand for housing driven by nearby colleges, making it perfectly positioned to attract students. The building boasts classic architectural details and charm, with features including hardwood floors, intricate moldings, and high ceilings. It offers a unique and desirable living experience. This is a great opportunity to invest in a multi-unit building between Johns Hopkins University and MICA. The property is currently rented. This prime investment opportunity requires 24 hours notice for appointments.
Key Highlights
- Prime location in Baltimore's academic corridor, near Johns Hopkins University and MICA.
- Rare opportunity to own three historic buildings in a row.
- Consistent demand for housing driven by nearby colleges, ideal for student rentals.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,770
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,400
$695.4K
Cap Rate 7%
$496,714
$496.7K
Cap Rate 9%
$386,333
$386.3K
Market Conditions
NOI Build-Up for 2,997 SF
Gross rent
$67.6K $22.56/SF
− Vacancy
−$4.4K −$1.47/SF
EGI
$63.2K $21.09/SF
− OpEx
−$28.4K −$9.49/SF
NOI
$34.8K $11.60/SF
Area
ZIP 21218
Vacancy
6.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,400
Cap Rate 7%
$496,714
Cap Rate 9%
$386,333
Alternative Uses
Best Use
Multifamily LT 5
$556.8K
$487.2K – $649.6K
NOI $38,975 @ 7.0% cap · market cap 9.74%
Second Best
Apartment 5plus
$496.7K
$434.6K – $579.5K
NOI $34,770 @ 7.0% cap · market cap 8.69%
Theoretical Best
Office A
$814.8K
$713.0K – $950.7K
NOI $57,039 @ 7.0% cap · market cap 14.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,126
Businesses Nearby
Explore this area
Business Placement
Demographics for 21218, MD
46,238
Population
21,751
Households
2.1
Avg Household Size
34
Median Age
44%
College-Educated
90%
High-School Grad
4.3 sq mi
ZIP Area
10,753
Density / Sq Mi
$58,378
Median Household Income
$38,316
Median Earnings
$1,239
Median Rent
$229,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Rare opportunity: three historic buildings near Johns Hopkins University.
Where is this triplex located?
The property is located at 2210 MARYLAND AVE AVENUE Baltimore, MD.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Prime location in Baltimore's academic corridor, near Johns Hopkins University and MICA.; Rare opportunity to own three historic buildings in a row.; Consistent demand for housing driven by nearby colleges, ideal for student rentals.
