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About the Listing BFRI1 - 3099618
2407 Maryland Avenue presents a three-unit apartment building in Baltimore's Old Goucher neighborhood, offering investors immediate income with meaningful upside. Simply bringing the existing rents to current market levels is projected to increase gross rental income by nearly $1,000 per month, resulting in a projected 10.4% return on investment—all without requiring extensive renovations. The property has been under long-term ownership and reflects deferred maintenance and cosmetic wear consistent with many years of ownership. Investors have the flexibility to execute an improvement strategy that matches their budget and investment goals, whether through routine cosmetic updates, mid-grade renovations, complete apartment rehabs as units become available, or capital improvements to the building's systems and common areas. Additional improvements beyond market rent alignment may support even stronger rental performance and long-term appreciation. Located in the heart of Old Goucher, residents enjoy walkable access to Johns Hopkins University Homewood Campus, Penn Station, the Station North Arts District, and the Charles Village commercial corridor. With approximately 85% of neighborhood residents renting their homes, Old Goucher continues to provide a deep tenant pool supported by nearby employers, universities, restaurants, and public transportation.
Listing Highlights
Status
Active
Days on Site
11
Property Type
Multi-Family
MLS ®
MDBA2225114
Year Built
1900
Total Square Footage
2,466
Lot/Acreage
0.03
Interior Details
- Bedrooms: 5
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Radiator
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2466
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Lot Dimensions: 15' x 90'
- Zoning: Licensed for 3 Dwelling Units
- Roof: Rubber
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $4,510
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
2407 Maryland Ave Baltimore, MD 21218
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