2511 Madison Avenue
Baltimore, MD, 21217 $ 760,000
Bedrooms6 Baths0.0 Monthly Estimate*
$ 4,741
for $760,000 with 6 bedrooms. This home was built in 1907 on a lot size of 0.08.
3 unit multi-family building. one 4 bedroom/2 bathroom unit and 2- 3 Bedroom/1 Bath units | Fully Renovated, Lead Certified, Separately Metered 3-Unit Low-risk, low-maintenance asset with strong rentability from day one. Potential rental income $5100-$5500 per month. High-End Finishes, Hardwood Floors, and Soaring Ceilings Attract quality tenants and reduce vacancy with standout unit interiors. Quick Access to MLK Blvd and 4 MLK Life Sciences Hub Easy commuter access to major employment centers supports higher rent potential. Less Than half a Mile to Upcoming Reservoir Square Future grocery, retail, and office will drive tenant demand and long-term appreciation. Each of the three thoughtfully designed apartments blends historic charm with modern updates. Soaring ceilingssome reaching up to 12 feet hardwood and carpet floors run throughout, while oversized windows bring in plenty of natural light. Kitchens are equipped with ceramic tile, and full suites of energy-efficient appliancesincluding full-size gas ranges, refrigerators, dishwashers, and disposals. Apartment 1 spans four levels with two full baths and an open-concept main floor, offering a spacious layout that works beautifully for an owner-occupant. It is the largest unit at approximately 2700 square feet, features two full baths across four levels, a flexible basement floor room, and a finished basement with a wet barmaking it a standout choice for someone looking to live on-site while offsetting their mortgage. All units in this renovated Reservoir Hill multi-family are separately metered and outfitted with energy-efficient gas heat and central air conditioning for year-round comfort and cost savings. Laundry hookups are located in the each unitadding even more utility savings for the landlord. Off-street parking is available. A savvy landlord could bill back for monthly water and sewer charges, increasing overall income. 2511 Madison sits less than a half mile from the future Reservoir Square development, a multi-phase mixed-use project that will introduce grocery-anchored retail, new commercial office space, and modern amenities to the heart of the neighborhood. Located on a quiet, tree-lined street in Reservoir Hill, the home is a quarter a mile from the newly reopened walking loop at Druid Lakepart of a once-in-a-generation underground tank project transforming the iconic reservoir into a fully recreational lake. Often referred to as Baltimores version of Central Park, Druid Hill Park will soon offer boating, walking trails, and expanded green space around a revitalized lakefront. Nearby institutions like the Maryland Institute College of Art (MICA) create steady demand for student and faculty housing. Residents also enjoy access to ball fields, the Baltimore Zoo, tennis courts, and wide-open parkland. For commuters and professionals, tenants can cut through Bolton Hill for a quick connection to MLK Boulevard, offering under-two-mile access to 4MLKa brand new 250,000 square foot life sciences huband convenient routes to I-83, I-95, and BWI. With major public and private investment reshaping the area, Reservoir Hill offers a rare blend of historic charm and long-term growth potential.
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FeaturesGeneralLiving Area 5568
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Immediate
Zoning R-7
Architectural Style Other
Construction Materials Brick
School District Baltimore City Public Schools
Year Built 1907
Property Subtype Triplex
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Section 08
Accessibility None
County BALTIMORE CITY
New Construction N
Property Type Multi-Family
Subdivision Name RESERVOIR HILL
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status PENDING
Directions Druid Park Lake Drive To Madison Ave
City BALTIMORE
Disclosures Agent Related to Owner Prop Disclaimer Lead Based Paint - State
Number Of Units Total 3
Lot Size Units Square Feet
Lot Size Square Feet 3485.00
Tax Annual Amount 8033.0
Home Warranty Y/N N
Property Condition Very Good
Two Bedroom 0
Structure Type Interior Row/Townhouse
Price Per Sq Ft Total AG 181.99
Vacation Rental Y/N N
Virtual Tour https://youtu.be/r38BghFjUDM
Standard Status Pending
Year Built Source Estimated
Legal Subdivision Ward 13
Tax Lot 032
Association Recreation Fee N
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InteriorHeating Fuel Natural Gas
Basement Full
Hot Water Natural Gas
Basement (Y/N) Y
Heating Y/N Y
Central Air Y/N Y
Laundry Type Hookup Has Laundry Washer In Unit
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ExteriorPool No Pool
Water Source Public
Type of Parking Driveway On Street
Foundation Details Brick/Mortar Block
Water View Y/N N
Lot Size Acres 0.08
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 69000.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByOptions Real Estate Brokerage And ConsultingBroker
garydove32@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,741
- Monthly Property Taxes
- $669
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Baltimore, MD
Average List Price $402,281
Percent of Sale Price 47%
About Baltimore, MD 611,326 Population
-6% Since 2002
$ 46,538 Median Income
36.71 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
3533253 Elementary School
3533153 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/29/2025 | $760,000 | | Listed Price |