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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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.

1801 MADISON AVENUE

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Related Properties

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A rare opportunity to own a substantial multi-unit property offering both lifestyle and income potential in an established Southeast Baltimore neighborhood.

The property is comprised of three separate residences, anchored by a spacious three-bedroom, three-and-a-half-bath main home, along with a two-bedroom, two-bath residence and a one-bedroom, one-bath residence.

For an owner-occupant, the configuration offers the ability to enjoy a generously sized primary residence while generating meaningful supplemental income from the additional units. For investors, the varied unit mix creates broad rental appeal and an opportunity to acquire a well-positioned multi-unit asset in a stable, highly rentable neighborhood.

Located near Patterson Park, Fells Point and the Johns Hopkins medical campus, the property is particularly well positioned to attract Hopkins physicians, residents, fellows, researchers and other medical professionals seeking convenient access to the hospital while remaining close to some of Baltimore’s most desirable neighborhood amenities.

Whether approached as a sophisticated house-hack, a multi-generational living opportunity or a long-term investment, 1919 East Pratt Street offers unusual flexibility, scale and income potential in a location with enduring rental demand.
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New on site 2 days ago
Open House Saturday, October 10th 12-1pm. The 1st and 2nd floor units will be available to tour only.

There are few locations in Bolton Hill that rival this one. Set on a commanding corner opposite two parks and the Park Avenue fountains, with views toward a beautiful historic church, 1700 Park Avenue has exceptional presence in one of the neighborhood's most picturesque settings.

Originally built as a grand single family residence, the property was later adapted into three unusually spacious two bedroom apartments while retaining much of its historic architectural character. Soaring ceilings, generous room proportions, period mantels, crown moldings, original banisters and railings, and a dramatic central staircase reflect the scale and craftsmanship of the original home. Recent kitchen and bathroom updates add modern functionality while preserving the building's residential character.

What makes this property especially rare is that it is a multifamily building truly worthy of an owner occupant. Many multifamily properties in the area were configured primarily for student housing or maximum bedroom count. This building feels entirely different. The apartments are large, gracious, and comfortable enough to live in as a primary residence.

The first and second floor units have been intentionally left vacant for the sale, giving the next owner maximum flexibility. Live in one residence and rent the others. Combine two units to create a larger owner's residence. Create a private in law or multigenerational apartment for a parent, adult child, caregiver, or extended family member. There is also a logical area within the building that may lend itself to a future elevator, subject to design, structural review, permitting, and applicable approvals.

The property is currently configured as three condominium units under common ownership. The owners are actively working to dissolve the condominium structure and convert the property with Baltimore City to a three unit multifamily property so the building may transfer and be financed as one multifamily asset.

Unit 1 is a garden level two bedroom, one bath residence with approximately 1,021 square feet. Laundry is in the basement, cooling is by window units, and there is no assigned parking. Most recent rent was $1,975 per month.

Unit 2 offers approximately 1,117 square feet with two bedrooms, two and one half baths, in unit laundry, window unit cooling, and one garage parking space. Most recent rent was $2,340 per month.

Unit 3 offers approximately 1,156 square feet with two bedrooms, two full baths, in unit laundry, window unit cooling, and one garage parking space.

Rent includes heat, hot water, water, and sewer. Tenants pay electricity and internet. Recent improvements include a new tankless hot water heater along with other repairs and capital improvements.

A private brick courtyard provides outdoor space, and two off street parking spaces serve Units 2 and 3.

For an investor, this is a compelling three unit property in one of Baltimore's most established historic neighborhoods. For an owner occupant, it is even more unusual: the scale, beauty, location, and residential quality of a grand Bolton Hill home combined with the flexibility and income potential of a multifamily property.

Convenient to Penn Station, MICA, Mount Vernon, Station North, Downtown Baltimore, Johns Hopkins, restaurants, cultural institutions, and major commuter routes, 1700 Park Avenue offers a combination of location, architecture, income potential, parking, and flexibility that is extremely difficult to replicate.
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The owner has invested more than $125,000 in improvements since 2021. Three of the four apartments were fully renovated in 2021 with new flooring, kitchens, and bathrooms. Improvements that year also included new lobby stairs, exterior paint, and gutters. In 2022, the owner installed a new hot water tank, extensively serviced the heating system, and replaced much of the galvanized piping. Additional improvements includes a new sump pump (2024),  new garage door (2023), roof coated (2023), and gutter repairs as needed (2025). The porch and porch roof were replaced in 2026. 
  
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Built in the 1950s, the buildings at 2903 and 2905 Ridge sit near the street, while 2845 is set farther back, backing to the woods. Cleared fields, rolling hills, mature trees, and a stream create a country estate feel, with newer homes becoming part of the surrounding landscape. The rear building also offers potential for a buyer considering an owner-occupied renovation or possible rebuilding project while maintaining rental income from the front buildings, subject to applicable approvals. 
 
Recent improvements include updated hot water heaters throughout. The structure at 2903 Ridge features a new roof and an oil burner replaced in May 2026, along with shared well. The structure at 2845 Ridge has its own well, with the septic system replaced in 2023. At 2905 Ridge, the roof was replaced in 2024, and the second-floor unit features propane heat. 
 
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