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45-Unit Apartment Property
For Sale
$1,395,000

2301 Maryland Ave, Baltimore, MD 21218

Five-building multifamily asset with apartments, rooming units, a courtyard, and off-street parking.

Property Size21,738 SF
Price / SF$64.17
Days on Market10

Property Features for 2301 Maryland Ave

General Information

Standard status Active
Size 21,738 SF
Total Parking Spaces 6

Property Condition

Severity Major Repairs Needed
Evidence needs substantial renovation

Units

Unit Mix 21 x rooming units, 3 x 1BR, 1 x 3BR
Multifamily Units 45

Additional Details

Asking Price $1,395,000
Utilities to Site Yes

Building Details

Year Built 1900
Buildings 5
Listing Agency: Ben Frederick Realty, Inc.
Listed By: Will A Cannon III · License #657102
Source: Hargreaveshomesales
Added: Sep 18 Changed: Sep 23 Last Checked: Sep 26 at 10:32AM

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 Ben Frederick Realty, Inc.

Investment Insights

Based on property information with market context.

This five-building multifamily property at 2301 Maryland Ave includes 45 rental units with a combination of apartments and rooming units. The unit mix includes apartments with private kitchens and bathrooms, studio and one-bedroom layouts, and a carriage house with three one-bedroom apartments plus a three-bedroom unit with exposed brick and an in-unit washer and dryer. The property requires substantial renovation and improvement.

Heating is provided by gas-fired boiler systems with radiator distribution. The property has 27 electric meters plus one house meter, 15 gas meters, and two tandem 75-gallon gas-fired water heaters. The landlord pays gas, electric, and water, while separately metered electric service is placed in tenants’ names. A central courtyard, five-car parking pad, and one garage provide shared outdoor space and off-street parking. The property is located in Baltimore’s Old Goucher Historic District near Remington, Hampden, Charles Village, Station North, and Greenmount West.

Key Highlights

  • 45 rental units across five buildings
  • Mix of apartments and rooming units, including studio, one‑bedroom, and three‑bedroom layouts
  • Carriage House includes 3 one‑bedroom apartments and 1 three‑bedroom apartment

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Carpet & Flooring Store Veterinary Clinic Pet Store (Bike/Boat/Book/etc) Store Butcher Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

45
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,856
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Five-building multifamily asset with apartments, rooming units, a courtyard, and off-street parking.
Where is this apartment building located?
The property is located at 2301 Maryland Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 45 rental units across five buildings; Mix of apartments and rooming units, including studio, one‑bedroom, and three‑bedroom layouts; Carriage House includes 3 one‑bedroom apartments and 1 three‑bedroom apartment
More about this property
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