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$849,999
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Property 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.
Full Property Details
Full Property Details for 2201 Maryland Ave
General
- Price: $849,999
- Taxes: $8,619 (2023)
- Status: Active
- Type: Apartment
- Source: BrightMLSMidAtlantic
- MLS ID: MDBA2209550
- Updated: 6/19/2026
- Added to Site: 105 day(s) ago
Business
- Business Type: Apartment Building
Parking
- Total Spaces: 6
- Parking Features: Private
- Parking Type: On Street, Parking Lot
Location
- Municipality: Baltimore City
- County: BALTIMORE CITY
- Driving Directions: From I-95 North/South: Take Exit 53 to I-395 North toward Downtown. Merge onto I-395 North. Turn right onto W Pratt St, then left onto N Eutaw St. The building will be on the right.
- City Limits: Yes
Heating & Cooling
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Central
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Building Size: 4620
- Year Built: 1850
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1
Lot Features
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 4,620
- Lot Size Source: Estimated
- Zoning: OR-1
Financial Considerations
- Price Per Sq. Ft.: $183.98
- Assessment Year: 2023
- City/TownTax: $8,210
- City/TownTax Freq: Annually
- County Tax: $409
- County Tax Freq: Annually
- Tax w/Assessment: $365,233
- Tax Amount: $8,619
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 2
Listed by R.E. Shilow Realty Investors, Inc., Brody Keith Bell
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Schools
Schools serving 2201 Maryland Ave
School District:Baltimore City Public Schools
| Name | Grades | Distance |
|---|---|---|
Dallas F. Nicholas Sr. Elementary School 201 East 21st Street, Baltimore, MD 21218 | PK-5 | 0.2 mi |
Baltimore Design School 1500 Barclay Street, Baltimore, MD 21202 | 6-10 | 0.6 mi |
Booker T. Washington Middle School 1301 McCulloh Street, Baltimore, MD 21217 | 6-8 | 0.9 mi |
Stadium School 1400 Exeter Hall Avenue, Baltimore, MD 21218 | 6-8 | 0.9 mi |
Renaissance Academy 1301 McCulloh Street, Baltimore, MD 21217 | 9-12 | 0.9 mi |
Baltimore School For The Arts 712 Cathedral Street, Baltimore, MD 21201 | 9-12 | 1.1 mi |
The Reach! Partnership School 2555 Harford Road, Baltimore, MD 21218 | 8-12 | 1.3 mi |
Baltimore Leadership School For Young Women 128 West Franklin Street, Baltimore, MD 21201 | 6-12 | 1.3 mi |
National Academy Foundation 540 North Caroline Street, Baltimore, MD 21205 | 6-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2201 Maryland Ave
Date
Details
Price
Change
Source
6/19/2026
Price Reduced
$849,999
-2.86%
MLS
5/19/2026
Price Reduced
$875,000
-2.78%
MLS
4/03/2026
Listed
$900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2201 Maryland Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,205
18%
$434,500
9%
2023
$8,620
—
$399,867
9%
2023
$8,620
10%
$365,233
10%
2022
$7,802
1%
$330,600
1%
2021
$7,735
1%
$327,767
1%
2021
$7,668
1%
$324,933
1%
2020
$7,565
—
$322,100
—
2019
$7,602
—
$322,100
—
2018
$7,602
—
$322,100
—
2017
$7,602
2%
$322,100
1%
2016
$7,466
1%
$317,867
1%
2015
$7,402
1%
$313,633
1%
2013
$7,364
—
$309,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2201 Maryland Ave
2201 Maryland Avenue, Baltimore, MD 21218 (MLS# MDBA2209550) is a Apartment property. 2201 Maryland Avenue is currently listed for $849,999 and was received on April 03, 2026. Want to learn more about 2201 Maryland Avenue? Do you have questions about finding other Apartment real estate for sale in Baltimore? You can browse all Baltimore real estate or contact a Coldwell Banker agent to request more information.

