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Listed by Ari Firoozabadi • Greysteel Company LLC
$ 1,237,500
Est. payment /mo
New
2126 MARYLAND AVE Baltimore, MD 21218
6,162 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Old Goucher
MLS Listing ID MDBA2221496
Year Built 1920
Annual Tax Amount $34,286
Tax Year 2026
Lot Size 6,162 Sqft
Acres 0.14
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Entitled, Permit-Ready Redevelopment — Entitlement Risk Eliminated
2126 Maryland Avenue presents a de-risked repositioning opportunity in one of Baltimore's most active urban corridors. Current ownership obtained BMZA approval for a variance permitting 29 residential dwelling units, 38% above the 21 units permitted by right under the C-1 District's 300 SF minimum lot area requirement. All proposed uses are permitted by right within the C-1 zoning district, and no off-street parking is required, consistent with C-1 District exemptions. Fully executed architectural drawings by Donny Ankri Architects spanning all four levels are included with the sale, along with associated permits and BMZA application materials, giving a new owner a clear, pre-approved path to execution.
Construction Initiated — Defined Scope and Clear Path Remaining
Current ownership has completed meaningful early-stage work, having reframed the roof at 101 W. 22nd Street and installed 45 replacement windows (32"x60") throughout the second floor and above. The approved permit scope additionally included a 1,200 amp electrical service upgrade, which has not yet been completed. The property is being delivered fully vacant, and a new owner will carry the project through its remaining phases, including completion of first-floor window installation, the electrical service upgrade, full MEP system installation, and interior buildout across all 29 residential units and four commercial suites. An active permit extension (B-EXT-25-03663) is currently pending with Baltimore City's permitting office, and prospective purchasers should independently confirm current permit status and any requirements for reactivating or re-pulling associated permits prior to closing.
Granular, Workforce-Oriented Unit Mix Across Four Floors
The approved 29-unit residential program is distributed across four floors in a well-considered mix of 11 studios (avg. 359 SF), 14 junior one-bedrooms (avg. 449 SF), and 4 one-bedrooms (avg. 604 SF), with an overall average of approximately 436 SF per unit. This efficiently sized mix is well-suited to the urban workforce and young professional renter base that defines demand in the surrounding neighborhoods. The ground floor further includes four commercial suites including a barber/salon space, two office suites, and a retail goods establishment, providing multiple income streams and active street-level programming along the Maryland Avenue corridor.
High-Visibility Corner at the Intersection of Baltimore's Most Dynamic Urban Neighborhoods
The property occupies a prominent corner position at Maryland Avenue and W. 22nd Street, at the southern tip of Charles North — one of Baltimore's most culturally active and evolving urban districts. Remington, among the city's fastest-appreciating residential neighborhoods, is approximately 3 blocks to the east. Station North, Baltimore's designated Arts & Entertainment District, is approximately 3 blocks to the southwest. Maryland Avenue provides high visibility and consistent foot traffic, while regional connectivity is strong with I-83 under a mile away, and both the Inner Harbor and the Downtown Baltimore CBD are within two miles, placing residents within easy reach of the city's primary employment, cultural, and entertainment destinations.
2126 Maryland Avenue presents a de-risked repositioning opportunity in one of Baltimore's most active urban corridors. Current ownership obtained BMZA approval for a variance permitting 29 residential dwelling units, 38% above the 21 units permitted by right under the C-1 District's 300 SF minimum lot area requirement. All proposed uses are permitted by right within the C-1 zoning district, and no off-street parking is required, consistent with C-1 District exemptions. Fully executed architectural drawings by Donny Ankri Architects spanning all four levels are included with the sale, along with associated permits and BMZA application materials, giving a new owner a clear, pre-approved path to execution.
Construction Initiated — Defined Scope and Clear Path Remaining
Current ownership has completed meaningful early-stage work, having reframed the roof at 101 W. 22nd Street and installed 45 replacement windows (32"x60") throughout the second floor and above. The approved permit scope additionally included a 1,200 amp electrical service upgrade, which has not yet been completed. The property is being delivered fully vacant, and a new owner will carry the project through its remaining phases, including completion of first-floor window installation, the electrical service upgrade, full MEP system installation, and interior buildout across all 29 residential units and four commercial suites. An active permit extension (B-EXT-25-03663) is currently pending with Baltimore City's permitting office, and prospective purchasers should independently confirm current permit status and any requirements for reactivating or re-pulling associated permits prior to closing.
Granular, Workforce-Oriented Unit Mix Across Four Floors
The approved 29-unit residential program is distributed across four floors in a well-considered mix of 11 studios (avg. 359 SF), 14 junior one-bedrooms (avg. 449 SF), and 4 one-bedrooms (avg. 604 SF), with an overall average of approximately 436 SF per unit. This efficiently sized mix is well-suited to the urban workforce and young professional renter base that defines demand in the surrounding neighborhoods. The ground floor further includes four commercial suites including a barber/salon space, two office suites, and a retail goods establishment, providing multiple income streams and active street-level programming along the Maryland Avenue corridor.
High-Visibility Corner at the Intersection of Baltimore's Most Dynamic Urban Neighborhoods
The property occupies a prominent corner position at Maryland Avenue and W. 22nd Street, at the southern tip of Charles North — one of Baltimore's most culturally active and evolving urban districts. Remington, among the city's fastest-appreciating residential neighborhoods, is approximately 3 blocks to the east. Station North, Baltimore's designated Arts & Entertainment District, is approximately 3 blocks to the southwest. Maryland Avenue provides high visibility and consistent foot traffic, while regional connectivity is strong with I-83 under a mile away, and both the Inner Harbor and the Downtown Baltimore CBD are within two miles, placing residents within easy reach of the city's primary employment, cultural, and entertainment destinations.
Location
State MD
County Baltimore City
Zoning C-1
Interior
Hot Water Natural Gas
Heating Heat Pump - Electric BackUp
Cooling Heat Pump(s)
Flooring Hardwood
Heat Source Natural Gas, Electric
Exterior
Utilities Available Electric Available, Natural Gas Available
Water Access N
Roof Type Rubber
Accessibility Level Entry - Main
Garage N
Building
Foundation Stone, Block, Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0312073609 013
Ownership Fee Simple
Security Features Sprinkler System - Indoor
Special Listing Condition Standard
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Miguel C Martinez
Owner | License ID: 0225072428