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31460584
31460615

2201 Maryland Ave, Baltimore, MD 21218

RS
MD 626807
R.E. Shilow Realty Investors Inc
Listed by R.E. Shilow Realty Investors Inc
$849,999
89 days on market
Updated 12 days ago

2201 Maryland Ave, Baltimore, MD 21218

Details
Property Type Retail
Sub Type Storefront
Square Footage 4,620
Units 7
Cap Rate 8.67%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Remaining Term 1
Price per SqFt $184
Year Built 1850
Zoning OR-1

2201 Maryland Ave - Retail

Marketing 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.

OPEN FOR ALL OFFERS AND NEGOTIATIONS!!! CLIENT IS A RETIRED EX-PAT IN SOUTH KOREA!

Investment highlights

**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.

Listing Contacts

RS
MD 626807
R.E. Shilow Realty Investors Inc
Listed by R.E. Shilow Realty Investors Inc

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Zoning

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C-1 CommercialNeighborhood CommercialNeighborhood Business
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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