5-Unit Apartment
For Sale
Contact for pricing
2620 Maryland Ave, Baltimore, MD 21218
Four one-bedroom apartments and one studio comprise the building, with four units currently occupied.
Property Size3,108 SF
Price / SF$109.40
Days on Market135
Property Features for 2620 Maryland Ave
General Information
Standard status
Active
Size
3,108 SF
Property subtype
Multifamily
Zoning
R8
Occupancy
80%
Investment Type
Value Add
Building Details
Buildings
1
Stories
3
Units
5
Listing Agency:
Ben Frederick Realty
(410) 235-9500
Listed By:
Will Cannon · License #MD
Source:
Crexi
Added: Apr 20
Changed: Aug 31
Last Checked: Aug 30 at 10:45PM
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
Investment Insights
Based on property information with market context.
Located at 2620 Maryland Ave in Baltimore’s Charles Village neighborhood, this 3,108-square-foot apartment building contains five units: four one-bedroom apartments and one studio. Four apartments are occupied, while unit 1F is vacant and identified for renovation and lease-up. The property is zoned R8.
The building is positioned along the Maryland Avenue corridor, within blocks of Johns Hopkins University Homewood Campus and Wyman Park Dell. Charles Village and Old Goucher provide access to retail, dining, and public transportation, with Hopkins Shuttle routes serving the surrounding area.
Separate utility metering includes six electric meters and five gas meters. Building systems include a central gas-fired boiler with radiator distribution and a central gas-fired water heater. Heat and water are currently landlord-paid. The property’s projected metrics include a 5.9 GRM, 9.22% cap rate, and 11.0% cash-on-cash return.
The building is positioned along the Maryland Avenue corridor, within blocks of Johns Hopkins University Homewood Campus and Wyman Park Dell. Charles Village and Old Goucher provide access to retail, dining, and public transportation, with Hopkins Shuttle routes serving the surrounding area.
Separate utility metering includes six electric meters and five gas meters. Building systems include a central gas-fired boiler with radiator distribution and a central gas-fired water heater. Heat and water are currently landlord-paid. The property’s projected metrics include a 5.9 GRM, 9.22% cap rate, and 11.0% cash-on-cash return.
Key Highlights
- Five‑unit configuration: four one‑bedroom apartments and one studio
- 3,108 square feet above grade
- Four units occupied; unit 1F is vacant for renovation and lease‑up
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,933
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?
Apartment building - Four one-bedroom apartments and one studio comprise the building, with four units currently occupied.
Where is this apartment building located?
The property is located at 2620 Maryland Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Five‑unit configuration: four one‑bedroom apartments and one studio; 3,108 square feet above grade; Four units occupied; unit 1F is vacant for renovation and lease‑up
