4,688 SqFt
4,688 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 4,688 sqft
Price per Sqft $117
Subdivision Eutaw Place-Madison Avenue Historic District
MLS Listing ID MDBA2177690
Style Other
Abv Grd Liv Area 3,888
Year Built 1907
Annual Tax Amount $8,178
Tax Year 2024
Lot Size 2,713 Sqft
Acres 0.06
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
The investment fundamentals are exceptional, with Baltimore's multifamily market showing 95% year-over-year transaction growth, 2.4% rent growth in 2024, and projected 5% growth for 2025. Area vacancy rates of 5-6% remain below the metro average of 7.2%, while properties along Eutaw Place average $391,075 compared to the zip code median of $175,900.
The neighborhood benefits from its proximity to three major universities (MICA, University of Baltimore, and Coppin State), outstanding transit connectivity (Walk Score 75, Transit Score 81, with a nine-minute walk to the Penn-North Metro), and transformative development that brings hundreds of new residents and municipal workers to the immediate area. The recent appraisal validates substantial underlying value, and with professional property management support available, this represents a turnkey value-add opportunity for decisive investors ready to capitalize on a previous buyer's hesitation. All financial records, appraisal documentation, and property details are available during the due diligence process. Please independently verify all figures.
Location
State MD
County Baltimore City
Zoning R-7
Rooms
Basement Connecting Stairway, Outside Entrance, Full
Interior
Interior Features Other
Hot Water Natural Gas
Heating Radiator
Cooling Multi Units, Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
View City
Accessibility None
Garage N
Building
Foundation Other
Above Ground Finished SqFt 3888
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0313083424 013
Ownership Fee Simple
SqFt Source 4688
Special Listing Condition Standard
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Real Estate Planner and Consultant MPR®, ABR®, RENE® | Lic# VA:0225249623|MD:5007207