1900 MARYLAND AVE Baltimore, MD 21218
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDBA2193708
Year Built 1940
Annual Tax Amount $33,795
Tax Year 2025
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
1900 Maryland Ave (21218) and 100–102 W North Ave (21201)!
This multifamily investment offers 16 total units—15 residential and 1 commercial—presenting a rare opportunity in a strong, centrally located Baltimore corridor. The residential mix includes one 1-bedroom/1-bath unit and fourteen 2-bedroom units, with eight featuring 1 bath and six offering 1.5 baths. Unit 101 includes two additional rooms without windows and highlights the building's durable brick construction.
Currently 70% occupied, the property generates $12,599 in monthly gross rent, providing immediate cash flow while offering substantial upside. A new owner can complete the lease-up, increasing gross monthly revenue to $28,600 with average stabilized rents of $1,823 per unit. Upon full stabilization and execution of the business plan, the asset is projected to achieve a 10.74% cap rate, making this a compelling lease-up value play with minimal operational risk.
Each unit is equipped with central A/C, forced air heating, hardwood flooring, granite countertops, in-unit laundry (select units), and individual electric meters for modern comfort and operational efficiency. The property is also lead-free, ensuring a safe and healthy living environment. Interior upgrades include luxury vinyl plank flooring, stainless steel appliances, and newly updated kitchens and baths.
Its prime location places residents within easy reach of major employment centers, including MedStar Union Memorial Hospital (3 miles), UMMC Midtown Campus (1 mile), and Johns Hopkins University (2 miles), making it highly attractive to working professionals and students alike. For recreation, the property is conveniently near several of Baltimore's top outdoor destinations—Middle Branch Park (3 miles), Rash Field Park (2 miles), Canton Waterfront Park (4 miles), and Carroll Park (2 miles)—providing abundant options for leisure and wellness.
Additionally, 100 W North Ave (21201) is a commercial unit currently leased to a smoke shop, providing steady income, while 102 W North Ave offers three 2-bedroom, 1-bath residential apartments, enhancing the property's income diversity and long-term potential.
Investment Highlights
Attractive Yield: Purchase at $1.999M with Year 1 NOI $190K (9.54% cap rate); projected NOI $214K by Year 5 (10.74% cap).Upside Through Lease-Up & Growth: EGI grows from $317.9K to $357.8K+ with 3% annual rent growth, stabilized with 7.5% vacancy, and market rents trending to $1,823/unit.
Property Overview: 16-unit multifamily investment, including 15 residential units (1 one-bedroom, 14 two-bedroom) and 1 commercial space. Eight 2-bedroom units have 1 bath; six have 1.5 baths. Unit 101 features two additional rooms and durable brick construction.
Modern Amenities: Each unit offers central A/C, forced air heating, hardwood floors, granite countertops,individual electric meters, and in-laundry machines for efficiency.
Prime Location: Property is across MICA Lazarus Bldg. Situated near major employment centers including MedStar Union Memorial Hospital, UMMC Midtown Campus, and Johns Hopkins University.
Transit & Accessibility: Excellent public transit access via CityLink GOLD/Purple and LocalLink 51/94/95 and a few blocks from Amtrak Penn station.
Lifestyle & Recreation: Proximity to Middle Branch Park, Rash Field Park, Canton Waterfront Park, and Carroll Park for outdoor activities.
Location
State MD
County Baltimore City
Zoning C-2
Interior
Hot Water Other
Heating Steam
Cooling Other
Heat Source Other
Exterior
Water Access N
Accessibility Other
Garage N
Building
Sewer Other
Water Other
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0312073601 001
Ownership Other
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
- 6
Hampden Elementary/Middle School
Public | PK - 8
- 6
Thomas Johnson Elementary/Middle School
Public | PK - 8
- 5
Rosemont Elementary/Middle School
Public | PK - 8
- 5
Medfield Heights Elementary School
Public | PK - 5
- 5
Mount Royal Elementary/Middle School
Public | KG - 8
- 5
Cecil Elementary School
Public | PK - 5
- 4
KIPP (Knowledge Is Power Program) Harmony
Public | KG - 4
- 4
Mary Ann Winterling Elementary School at Bentalou
Public | PK - 5
- 4
John Eager Howard Elementary School
Public | PK - 5
- 4
Midtown Academy
Public | KG - 8
- 4
Baltimore Montessori Public Charter School
Public | PK - 5
- 4
Federal Hill Preparatory School
Public | PK - 5
- 4
Francis Scott Key Elementary/Middle School
Public | PK - 8
- 4
Northwood Appold Community Academy
Public | KG - 5
- 4
Northwood Elementary School
Public | PK - 5
- 4
Hampstead Hill Academy
Public | PK - 8
- 3
New Song Academy
Public | PK - 8
- 3
Charles Carroll Barrister Elementary School
Public | PK - 5
- 3
Commodore John Rogers Elementary/Middle School
Public | PK - 8
- 3
Patterson Park Public Charter School
Public | PK - 8
- 4
The Crossroads School
Public | 6 - 8
- 3
Baltimore Leadership School for Young Women
Public | 6 - 12
- 3
Stadium School
Public | 6 - 8
- 2
National Academy Foundation
Public | 6 - 12
- 1
Academy for College and Career Exploration
Public | 6 - 12
- 1
Booker T. Washington Middle School
Public | 6 - 8
- 1
New Hope Academy
Public | 6 - 12
- 1
Baltimore I.T. Academy
Public | 6 - 8
- 1
The Reach! Partnership School
Public | 8 - 12
- 0
Baltimore Montessori Public Charter Middle School
Public | 6 - 8
- 0
Baltimore Design School
Public | 6 - 10
- 0
St Ignatius Loyola Academy
Private | 6 - 8
- 0
Mother Seton Academy
Private | 6 - 8
- 0
Bluford Drew Jemison STEM Academy Middle School
Public | 6 - 8
- 0
Woodbourne School at Conrad
Private | 7 - 12
- 8
Baltimore Polytechnic Institute
Public | 9 - 12
- 8
Baltimore School for the Arts
Public | 9 - 12
- 6
Western High School
Public | 9 - 12
- 6
Baltimore City College
Public | 9 - 12
- 5
Paul Laurence Dunbar High School
Public | 9 - 12
- 3
Coppin Academy
Public | 9 - 12
- 2
Carver Vocational-Technical High School
Public | 9 - 12
- 2
Augusta Fells Savage Institute of Visual Arts
Public | 9 - 12
- 2
Vivien T. Thomas Medical Arts Academy
Public | 9 - 12
- 1
Frederick Douglass High School
Public | 9 - 12
- 1
Independence School Local I
Public | 9 - 12
- 1
Renaissance Academy
Public | 9 - 12
- 1
Digital Harbor High School
Public | 9 - 12
- 1
Mergenthaler Vocational-Technical High School
Public | 9 - 12
- 1
Heritage High School
Public | 9 - 12
- 0
Baltimore Youth Initiative High School
Private | 9 - 12
- 0
Baltimore Talent Development
Public | 9 - 12
- 0
Excel Academy @ Francis M. Wood High School
Public | 9 - 12
- 0
The Community School
Private | 9 - 12
- 0
Eager Street Academy
Public | 9 - 12