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$508,000
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Property Description
Best and final offer due date: Thursday, August 14th by noon. Current annual rental income from apartments 1 and 2 combined is $35,880. If the 3rd floor apartment (currently and intentionally vacant for a potential owner-occupant) were to be rented at $1295/month, annual rental income for all 3 units would be $51,420. Two nearby properties (without AC and on radiator heat) with gross rental incomes of $45K/yr and $50K/yr recently sold for $519K and $575K, respectively. Apartments separately metered. Apartment 1 is leased through May 31st, 2026 and and Apartment 2 is leased through April 30th, 2026. Immaculately maintained and recently renovated triplex in Charles Village. Located on a quiet street thanks to the Maryland Ave bike path, it's a quick walk or bike ride to Johns Hopkins University, Wyman Park, the Baltimore Museum of Art, Remington and Hampden or jump on your bike and take the Maryland Ave bike path downtown. The 1st floor is a 2 bedroom apartment currently rented for $1495. Tenants pay all utilities, separately metered (except for cold water). The 2nd floor is a 2 bedroom apartment currently rented for $1495. Tenants pay all utilities, separately metered (except for cold water). Current annual rental income from apartments 1 and 2 combined is $35,880. If the 3rd floor were to be rented at $1295/month, annual rental income for all 3 units would be $51,420. The 3nd floor is a 1 bedroom penthouse apartment with a huge bedroom filled with naturally light and has been left vacant in case you want to live there (or need to live there for financing). It usually rents for about $200 less than the 2 bedroom apartments so if it were to be rented, $1295/month is a reasonable estimate. Additionally, the neighboring properties to the left and right both have basement apartments so there is the potential to convert the basement into a 4th apartment. Listing price is slightly below the average of recent comparable triplex sales in the area. See listing documents for the pre-listing inspection report that shows the property is in good condition.
Full Property Details
Full Property Details for 2511 Maryland Ave
General
- Sold For: $508,000
- Taxes: $5,497 (2024)
- Status: Closed
- Type: Triplex
- Source: BrightMLSMidAtlantic
- MLS ID: MDBA2176384
- Added to Site: 208 day(s) ago
Parking
- Total Spaces: 4
- Parking Features: Concrete Driveway
- Parking Type: Off Street, On Street
Location
- Municipality: Baltimore City
- County: Baltimore City
- Driving Directions: From 26th Street, go south on Maryland Ave., Home will be on the left.
- City Limits: Yes
School Information
- School District: Baltimore City Public Schools
Heating & Cooling
- Cooling Type: Heat Pump(s)
- Cooling Fuel: Electric
- Heating Type: Radiator
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Georgian
- Architectural Style: Georgian
- Structure Type: Interior Row/Townhouse
- Construction: Brick
- Basement: Yes
- Basement Entrance: Yes
- Basement Desc.: Full, Unfinished, Rear Entrance
- Foundation: Stone
- Stories/Levels: 0
- Square Feet: 3,208
- Sq. Ft. Source: Assessor
- Living Area: 2,352 Sq. Ft.
- Year Built: 1900
- Year Built Source: Assessor
Unit Information
- 1 Bedroom Units: 2
- 2 Bedroom Units: 2
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,400
- Lot Size Source: Estimated
- Zoning: OR-2
Financial Considerations
- Price Per Sq. Ft.: $218.96
- Assessment Year: 2025
- City/TownTax: $5,236
- City/TownTax Freq: Annually
- County Tax: $261
- County Tax Freq: Annually
- Tax w/Assessment: $244,500
- Tax Amount: $5,497
- Tax Year: 2024
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 2352
Disclosures and Reports
- Ownership: Fee Simple
- Section: 3
- Lot Number: 27
Listed by Premier Fine Properties, David William Egli
Sold by JS Realty LLC, Jolene A Smith
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Schools
Schools serving 2511 Maryland Ave
School District:Baltimore City Public Schools
| Name | Grades | Distance |
|---|---|---|
Margaret Brent Elementary School, Baltimore, MD 100 East 26th Street, Baltimore, MD 21218 | PK-8 | 0.2 mi |
Stadium School 1400 Exeter Hall Avenue, Baltimore, MD 21218 | 6-8 | 0.8 mi |
Booker T. Washington Middle School 1301 McCulloh Street, Baltimore, MD 21217 | 6-8 | 1.2 mi |
Frederick Douglass High School, Baltimore, MD 2301 Gwynns Falls Parkway, Baltimore, MD 21217 | 9-12 | 1.9 mi |
Paul Laurence Dunbar High School 1400 Orleans Street, Baltimore, MD 21231 | 9-12 | 1.9 mi |
Augusta Fells Savage Institute Of Visual Arts 1500 Harlem Avenue, Baltimore, MD 21217 | 9-12 | 2 mi |
Vivien T. Thomas Medical Arts Academy 100 North Calhoun Street, Baltimore, MD 21223 | 9-12 | 2.3 mi |
Digital Harbor High School 1100 Covington Street, Baltimore, MD 21230 | 9-12 | 2.9 mi |
Forest Park High School, Baltimore, MD 3701 Eldorado Avenue, Baltimore, MD 21207 | 9-12 | 3.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2511 Maryland Ave
Date
Details
Price
Change
Source
10/16/2025
Sold
$508,000
-1.36%
MLS
8/18/2025
Price Increased
$515,000
3.1%
MLS
8/05/2025
Price Increased
$499,500
25.03%
MLS
7/22/2025
Listed
$399,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2511 Maryland Avenue, Baltimore, MD 21218 (MLS# MDBA2176384) is a Triplex property that was sold at $508,000 on October 16, 2025. Want to learn more about 2511 Maryland Avenue? Do you have questions about finding other Triplex real estate for sale in Baltimore? You can browse all Baltimore real estate or contact a Coldwell Banker agent to request more information.

