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Listed by Menachem M. Dalfin • Midfield Realty
$ 1,800,000
Est. payment /mo
New
2100-2102 MARYLAND AVE Baltimore, MD 21218
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDBA2185268
Year Built 1900
Annual Tax Amount $25,074
Tax Year 2024
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
2100 Maryland Ave presents a high-yield, value-driven opportunity with current gross rental income of $71,640 (T-12) and significant upside to $247,156 in Year 1 once renovated vacancies are leased, supporting an 8.9% stabilized cap rate with 4% annual rent growth and a 7.5% vacancy assumption; NOI is projected to grow from $148,294 in Year 1 to $173,483 by Year 5 under controlled expenses. The 16-unit property (15 licensed plus 1 additional) offers a mix of studios, one-, two-, and a five-bedroom/two-bath unit, all with in-unit laundry, along with separate gas/electric meters, RUBS underway for water, central A/C, gas heating, and a finished basement with two units.
Ideally located in Baltimore's Charles North neighborhood (ZIP 21218), the property is steps from Johns Hopkins University, University of Baltimore, and University of Maryland institutions serving 140,000+ students, as well as Johns Hopkins Hospital, MedStar Union Memorial, and UM Medical Center Midtown, within a city workforce of 273,000; with a Transit Score of 76 and proximity to Penn Station, Mount Vernon, and the Baltimore Museum of Art, the property combines immediate cash flow, strong leasing potential, and walkable access to major employment and cultural hubs.
Ideally located in Baltimore's Charles North neighborhood (ZIP 21218), the property is steps from Johns Hopkins University, University of Baltimore, and University of Maryland institutions serving 140,000+ students, as well as Johns Hopkins Hospital, MedStar Union Memorial, and UM Medical Center Midtown, within a city workforce of 273,000; with a Transit Score of 76 and proximity to Penn Station, Mount Vernon, and the Baltimore Museum of Art, the property combines immediate cash flow, strong leasing potential, and walkable access to major employment and cultural hubs.
Location
State MD
County Baltimore City
Zoning C-1
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0312073609 001
Ownership Other
Special Listing Condition Standard
