3418 EASTERN Avenue Baltimore, MD 21224
MULTI_FAMILY - BALTIMORE, MD
Property Features for 3418 EASTERN Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Parking features
- Driveway
- Standard status
- Active
- Size
- 1,862 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4123
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Brick
Listing agent Liz A. Ancel License #631587 (410) 599-4161
Listing office Cummings & Co. Realtors 2314 Boston Street, Baltimore, MD (410) 823-0033
Listing date Jan 2, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The listing remarks indicate previously rented income levels of $1,500 for the upstairs residential and $3,500 for the restaurant space.
Additional ground rent and sub-lease information is provided in the remarks, including a ground rent amount of $30 on the 27th of March and September, and a sub-lease of $2 due 9/27, with the seller noting they will not redeem.
Key Highlights
- High‑visibility restaurant/storefront/multi‑unit potential in a great Highlandtown location.
- Fully equipped, huge commercial kitchen.
- Upstairs residential unit with potential rental income (previously $1,500).
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.8k | $19.20 |
| − Vacancy | −$2.0k | −$1.06 |
| EGI | $33.8k | $18.14 |
| − OpEx | −$8.4k | −$4.54 |
| NOI | $25.3k | $13.61 |
