2001 Eastern AveBaltimore, MD 21231

For Sale
$1,339,200

Renovated 5-unit building, strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
92
This 3-story, 5,268 sq ft apartment building in Baltimore, MD (21231) presents a compelling investment opportunity. Located on Eastern Ave between Fells Point and Canton, this fee-simple property boasts five units: four 2-bedroom, 1-bathroom apartments and one commercial space currently leased to Mid-Atlantic Spinal Rehab and Chiropractic until July 2027. A complete renovation in 2020 included updated kitchens and bathrooms in the residential units, featuring black/stainless steel appliances, granite countertops, wood cabinets, hardwood flooring, and in-unit washer/dryers. The building sits on a 0.04-acre lot (APN 02-07-1783-001) and is zoned C-1. Currently at 100% occupancy, this property offers significant value-add potential due to below-market rents

Highlights

  • Opportunity to acquire a renovated multifamily asset in Southeast Baltimore.
  • Value-add potential through rent increases.
  • Prime location between Fells Point and Canton.

Property Details for 2001 Eastern Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
5,268 SF
Year Built/Renovated
1900/2020
Buildings
1
Stories
3
Lot Size (sq. ft)
1,742 SF
Units
5

Location Insight

City
Baltimore
County
Baltimore City
State
Maryland
Latitude
39.2856009
Longitude
-76.5886125
2001 Eastern Ave, Baltimore, Maryland

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2001 Eastern Ave
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