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sales rep | Brivity IDX

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2201 Maryland Ave , Baltimore, MD 21218
$699,000
Est. Payment: $3,720.37/mo
4620 Sqft
0.11 Acres
Status: active | Days on site: 179
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RSHR1 - 3344750
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House Description

**2201 Maryland Avenue** **PREMIUM BALTIMORE MIXED-USE INVESTMENT: 7-UNIT MULTIFAMILY OPPORTUNITY IN REMINGTON / STATION NORTH | 10.00% Cap Rate | 12.66% Leveraged IRR** This is an exceptional, fully stabilized 7-unit mixed-use property presenting a rare high-yield investment in Baltimore's desirable Remington/Station North corridor. Featuring 6 well-maintained residential apartments and 1 ground-level commercial unit, this asset is fully occupied, offering an immediate and robust cash-flowing opportunity. The property is meticulously maintained with recent unit upgrades throughout, ensuring minimal day-one management intervention. **THE INVESTMENT CASE: High-Performance, Stabilized Income** * **Superior Cash Flow:** The property is generating a strong $110,000 Gross Income and value-add projected **$117,000** in Gross Annual Income. * **High Rate of Return:** Financial analysis showcases a powerful **10.56% Cash-on-Cash Return** and a projected **12.66% Leveraged IRR** over a 10-year hold. * **Solid Cap Rate:** The asset boasts an attractive Terminal Capitalization Rate of **10.00%**. * **Turnkey Operation:** Fully occupied with stable tenancy, this is a truly passive investment poised for long-term equity growth. **VALUE-ADD POTENTIAL: Unlock Hidden Upside** The primary value-add opportunity lies in the commercial unit, which is currently generating significantly less income than the residential units. An investor can materially boost Net Operating Income (NOI) through strategic repositioning and rent optimization: * **Commercial Conversion:** Explore the potential to convert the existing commercial space (Unit 7, currently at $900/month) into an additional residential apartment to maximize revenue per square foot. * **Rent Optimization:** Opportunity to systematically raise rents in the residential units (Units 1, 3, 5 currently at $1,350/month and Units 2, 4, 6 currently at $1,600/month) to capture market rate and increase the Gross Annual Income beyond current figures. Secure this low-risk, high-return Baltimore multi-family property. Detailed 10-year Proforma with IRR analysis is available upon request. Inquire now for a full offering package. The commercial unit may offer potential for conversion into additional residential efficiency units (buyer to verify all zoning and use approvals). The property includes notable historical connections, including prior ownership by George Brown and documented history of Abraham Lincoln residing at the property. Buyer to verify all income, expenses, zoning, and potential uses.

Highlights

Listed by Brody Keith Bell , 7174837812 R.E. Shilow Realty Investors, Inc. , 4436029900. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
0.11

Year Built

1850

County

Baltimore City

School District

Baltimore City Public Schools

Listing ID

MDBA2209550

Questions about this listing?

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Interior Features

Air Cond:Window Unit(s)
Fireplaces:
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Garage Capacity:6
Zoning:OR-1
Sewer:Public Sewer
Parking Features:Private,On Street,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$3,720
Taxes
$718

Home Price

$699,000

Loan Details

30 yrs
7%

Down Payment

20%
$139,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,720.37

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,720.37 $718.25 $0.00 $4,438.62
Yearly $44,644.46 $8,619.00 $0.00 $53,263.46
Total $1,339,333.76 $258,570.00 $0.00 $1,597,903.76
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Baltimore, MD).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T23:12:42.000Z

© 2026 Bright MLS