Property
Beds
9
Full Baths
None
1/2 Baths
None
Year Built
1920
Sq.Footage
5,296
Welcome to 1801 Madison Avenue, a renovated six-unit multifamily property in Baltimore offering immediate cash flow and a prime location in the Madison Park Historic District. Situated within one of the city's established historic neighborhoods, this income-producing asset presents an exceptional opportunity for investors seeking a turnkey apartment building with stable occupancy, strong rental performance, and long-term appreciation potential. The property consists of six residential apartments, including five one-bedroom residences and one spacious three-bedroom unit. Each apartment is separately metered for gas and electricity, helping minimize owner operating expenses, and every unit is equipped with its own private washer and dryer, an amenity that continues to drive tenant demand. The current rent roll reflects $6,875 in monthly rental income, $82,500 annually, at 100% occupancy, providing immediate, stabilized cash flow from day one. Extensively improved over the years, 1801 Madison Avenue has benefited from significant capital upgrades to the building systems, utilities, plumbing, electrical service, and common infrastructure. The spacious residences feature abundant natural light from multiple exposures, gleaming pine floors, functional layouts, and thoughtfully updated interiors designed to support long-term occupancy. Every bathroom has been equipped with floor drains to help mitigate the risk of water damage and provide an added layer of preventative protection. The lower level also includes dedicated maintenance and storage space along with a convenient half bath, creating additional functionality for ownership and property management. Ideally located just steps from the Maryland Institute College of Art (MICA) and within minutes of the University of Maryland Medical Center, Johns Hopkins University, downtown Baltimore, and major employment centers, the property appeals to a diverse tenant base including students, healthcare professionals, university employees, and workforce renters. Residents enjoy convenient access to MARC, Light Rail, I-95, I-695, neighborhood shopping, grocery stores, restaurants, and everyday conveniences. Whether expanding an existing multifamily portfolio, completing a 1031 exchange, or acquiring a stabilized income-producing asset, 1801 Madison Avenue offers an outstanding combination of current cash flow, operational efficiency, modern improvements, and long-term investment potential in one of Baltimore's most desirable rental markets.
Features & Amenities
Interior
-
Other Interior Features
Built-in Features
-
Total Bedrooms
9
-
Bathrooms
N/A
-
Above Grade Finished Area
4616.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
None, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.06
-
Lot Size(square feet)
2,560
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Victorian
Price
-
Sales Price
$795,000
-
Tax Amount
$10,764
-
Financing Options
Cash, Conventional, FHA, VA
-
Sq. Footage
5,296
-
Price/SqFt
$150
HOA
-
Association
No
School District
-
Elementary School
EUTAW-MARSHBURN
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Sewer
Public Sewer
-
Tax Lot
001
-
Water Source
Public
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Location
County
BALTIMORE CITY
Elementary School
EUTAW-MARSHBURN
Middle School
High School
Listing Courtesy of Jennifer S Smira , Compass
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AGENT
Sharon Lelm
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