Fully Renovated 6-Unit Residential
2603 Maryland Ave, Baltimore, MD 21218
Six fully renovated apartments with in-unit laundry and a six-car off-street parking lot included.
Type:Multifamily
Property size:
4,737 SFPrice / SF:
$199/SF- Added:
- Jun 19, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 24 at 5:09 am
Property Features for 2603 Maryland Ave
General Information
- Standard status
- Active
- Size
- 4,737 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing office Harbor Stone Advisors
Listing date Jun 19, 2026
Source Crexi
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 Harbor Stone Advisors
HighLights
- Fully renovated 6‑unit multifamily converted from two buildings, with a Year Built of 1900
- Unit mix includes (5) 2 bed / 1 bath and (1) 2 bed / 2 bath
- Renovations completed in 2018 with updated interiors, including in‑unit washer/dryers
- Typical finishes include stainless steel appliances, granite countertops, wood cabinets, vinyl wood flooring, and updated bathrooms
- Surface off‑street parking lot included with capacity for 6 cars (located behind 2617 Maryland Ave.)
- Convenient transit: a JHU shuttle stop is about a 4‑minute walk away, with stops at Penn Station and other JHU locations
Overview
The Residences at Maryland Ave. is a fully renovated, smaller multifamily asset originally gut-renovated in 2018, with two buildings converted into six residential units and the top floor squared off. The unit mix includes five 2-bedroom, 1-bath apartments and one 2-bedroom, 2-bath apartment. Typical interior finishes and amenities include stainless steel appliances, granite countertops, wood cabinets, vinyl wood flooring, updated bathrooms, and in-unit washer/dryers.
The property is located in Charles Village and is just blocks from Johns Hopkins University and MedStar Union Memorial Hospital. A JHU shuttle stop is about a four-minute walk away, with shuttle service to the main university campus as well as Penn Station, Johns Hopkins Hospital, and the Peabody Institute of The Johns Hopkins University.
For buyers seeking a manageable, amenity-forward rental setup, the combination of renovated interiors, in-unit laundry, and dedicated off-street parking supports a broad range of tenant needs. A surface parking lot located behind 2617 Maryland Ave. is included and can accommodate six cars; parking is currently included in the rent. The balanced unit mix offers flexibility for leasing across 2-bedroom configurations.
The property is located in Charles Village and is just blocks from Johns Hopkins University and MedStar Union Memorial Hospital. A JHU shuttle stop is about a four-minute walk away, with shuttle service to the main university campus as well as Penn Station, Johns Hopkins Hospital, and the Peabody Institute of The Johns Hopkins University.
For buyers seeking a manageable, amenity-forward rental setup, the combination of renovated interiors, in-unit laundry, and dedicated off-street parking supports a broad range of tenant needs. A surface parking lot located behind 2617 Maryland Ave. is included and can accommodate six cars; parking is currently included in the rent. The balanced unit mix offers flexibility for leasing across 2-bedroom configurations.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $106.9k | $22.56 |
| − Vacancy | −$6.9k | −$1.47 |
| EGI | $99.9k | $21.09 |
| − OpEx | −$45.0k | −$9.49 |
| NOI | $55.0k | $11.60 |
4,737 SF · lease $22.56/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$785.1K
$687.0K – $915.9K
NOI $54,956 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,155 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.6181809
- Latitude
- 39.3194704
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six fully renovated apartments with in-unit laundry and a six-car off-street parking lot included.
Where is this apartment building located?
The property is located at 2603 Maryland Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: Fully renovated 6‑unit multifamily converted from two buildings, with a Year Built of 1900; Unit mix includes (5) 2 bed / 1 bath and (1) 2 bed / 2 bath; Renovations completed in 2018 with updated interiors, including in‑unit washer/dryers
