Three-Unit Apartment
For Sale
$260,000
Pending
2407 MARYLAND AVENUE, Baltimore, MD 21218
Three-unit multifamily property with deferred maintenance and cosmetic wear, offering projected income improvement through rent alignment.
Property Size2,466 SF
Days on Market55
Property Features for 2407 MARYLAND AVENUE
General Information
Standard status
Pending
Size
2,466 SF
Property subtype
Triplex
Additional Details
Multifamily Units
3
Building Details
Year Built
1900
Listing Agency:
Ben Frederick Realty, Inc.
(410) 235-9500
Listed By:
Will A Cannon III
(410) 916-3331
Source:
Cummingsrealtors
Added: Jul 24
Changed: Sep 15
Last Checked: Sep 15 at 5:58AM
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.
2407 Maryland Avenue is a three-unit apartment building offered for sale. The property is being presented as an income-oriented multifamily asset, with the current condition reflecting deferred maintenance and cosmetic wear consistent with long-term ownership. The remarks indicate that bringing existing rents to current market levels could increase gross rental income by nearly $1,000 per month, targeting a projected 10.4% return on investment, without requiring extensive renovations. The ownership history also provides flexibility for an investor improvement strategy, ranging from routine cosmetic updates to more substantial renovations or capital improvements to building systems and common areas as units become available.
The building is located in Baltimore’s Old Goucher neighborhood. The provided context highlights walkable access for residents to Johns Hopkins University’s Homewood Campus, Penn Station, the Station North Arts District, and the Charles Village commercial corridor, along with public transportation and nearby employers, universities, restaurants.
Approximately 85% of neighborhood residents rent their homes, supporting a deep local tenant pool based on the surrounding employment and transit environment described in the materials.
The building is located in Baltimore’s Old Goucher neighborhood. The provided context highlights walkable access for residents to Johns Hopkins University’s Homewood Campus, Penn Station, the Station North Arts District, and the Charles Village commercial corridor, along with public transportation and nearby employers, universities, restaurants.
Approximately 85% of neighborhood residents rent their homes, supporting a deep local tenant pool based on the surrounding employment and transit environment described in the materials.
Key Highlights
- Three‑unit apartment building at 2407 Maryland Avenue in Baltimore’s Old Goucher neighborhood
- Year built: 1900
- Under long‑term ownership with deferred maintenance and cosmetic wear
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,832
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit multifamily property with deferred maintenance and cosmetic wear, offering projected income improvement through rent alignment.
Where is this triplex located?
The property is located at 2407 MARYLAND AVENUE Baltimore, MD.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Three‑unit apartment building at 2407 Maryland Avenue in Baltimore’s Old Goucher neighborhood; Year built: 1900; Under long‑term ownership with deferred maintenance and cosmetic wear
