Three-Unit Multifamily
For Sale
$285,000
Pending
2708 Maryland Ave, Baltimore, MD 21218
Two one-bedroom apartments and one studio create a varied residential unit mix.
Property Size2,238 SF
Days on Market214
Property Features for 2708 Maryland Ave
General Information
Standard status
Pending
Size
2,238 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR, 1 x studio
Multifamily Units
3
Additional Details
Asking Price
$305,000
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Ben Frederick Realty, Inc.
Listed By:
Will A Cannon III · License #657102
(410) 235-9500
Source:
Baltimoreharfordhomesforsale
Added: Mar 17
Changed: Oct 15
Last Checked: Oct 14 at 11:43PM
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.
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Investment Insights
Based on property information with market context.
This 2,238-square-foot multifamily property contains three residential units: two one-bedroom apartments and one studio apartment. Built in 1920 and zoned R-7, the building offers a compact configuration suited to residential income use.
The property is located at 2708 Maryland Avenue in Baltimore’s Charles Village, within four blocks of Johns Hopkins University’s Homewood Campus and Wyman Park Dell. The Maryland Avenue corridor provides walkable access to the Charles Village Shopping District, a cycle track, dining, and retail options. The property is within Baltimore City limits and served by Baltimore City Public Schools.
The property is located at 2708 Maryland Avenue in Baltimore’s Charles Village, within four blocks of Johns Hopkins University’s Homewood Campus and Wyman Park Dell. The Maryland Avenue corridor provides walkable access to the Charles Village Shopping District, a cycle track, dining, and retail options. The property is within Baltimore City limits and served by Baltimore City Public Schools.
Key Highlights
- Three‑unit configuration with two one‑bedroom apartments and one studio
- 2,238 square feet of multifamily space
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,964
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,280
$519.3K
Cap Rate 7%
$370,914
$370.9K
Cap Rate 9%
$288,489
$288.5K
Market Conditions
NOI Build-Up for 2,238 SF
Gross rent
$50.5K $22.56/SF
− Vacancy
−$3.3K −$1.47/SF
EGI
$47.2K $21.09/SF
− OpEx
−$21.2K −$9.49/SF
NOI
$26.0K $11.60/SF
Area
ZIP 21218
Vacancy
6.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,280
Cap Rate 7%
$370,914
Cap Rate 9%
$288,489
Alternative Uses
Best Use
Multifamily LT 5
$415.8K
$363.8K – $485.1K
NOI $29,105 @ 7.0% cap · market cap 10.21%
Second Best
Apartment 5plus
$370.9K
$324.6K – $432.7K
NOI $25,964 @ 7.0% cap · market cap 9.11%
Theoretical Best
Office A
$608.5K
$532.4K – $709.9K
NOI $42,594 @ 7.0% cap · market cap 14.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,596
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Two one-bedroom apartments and one studio create a varied residential unit mix.
Where is this triplex located?
The property is located at 2708 Maryland Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Three‑unit configuration with two one‑bedroom apartments and one studio; 2,238 square feet of multifamily space; Built in 1920
