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Apartment Building with Efficiency Units
For Sale
$237,500

2316 E Fairmount Ave, Baltimore, MD 21224

Licensed configuration includes efficiency apartments and additional rooms within an older multifamily property.

Property Size2,292 SF
Price / SF$103.62
Days on Market10

Property Features for 2316 E Fairmount Ave

General Information

Standard status Active
Size 2,292 SF
Property subtype Multi-Family

Units

Unit Mix 2 x efficiency, 4 x rooms
Multifamily Units 6

Building Details

Year Built 1920
Listing Agency: Cummings & Co Realtors
Listed By: Tracy L Taylor · License #612235
Source: Hargreaveshomesales
Added: Aug 22 Changed: Aug 28 Last Checked: Aug 30 at 8:11PM

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 Cummings & Co Realtors

Investment Insights

Based on property information with market context.

The property at 2316 E Fairmount Ave comprises a 2,292-square-foot apartment building constructed in 1920. Its licensed configuration includes two efficiency apartments along with four additional rooms, providing a multifamily layout with both apartment and room components.

Showings are available by appointment only. The property is located in Baltimore, Maryland, within the 21224 ZIP code.

Key Highlights

  • Licensed for 2 efficiency apartments and 4 rooms
  • 2,292 square feet of building area
  • Constructed in 1920

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office HVAC Service Law Firm Electrical Service (Bike/Boat/Book/etc) Store 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

6
Residential units

Location Intelligence

Trade Area within ½ mile

6,066
Businesses Nearby

Demographics for 21224, MD

54,266
Population
23,433
Households
2.3
Avg Household Size
33
Median Age
50%
College-Educated
85%
High-School Grad
9.3 sq mi
ZIP Area
5,835
Density / Sq Mi
$86,209
Median Household Income
$63,556
Median Earnings
$1,782
Median Rent
$281,400
Median Home Value

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 - Licensed configuration includes efficiency apartments and additional rooms within an older multifamily property.
Where is this apartment building located?
The property is located at 2316 E Fairmount Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $237,500.
What are key features of this property?
This property features: Licensed for 2 efficiency apartments and 4 rooms; 2,292 square feet of building area; Constructed in 1920
More about this property
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