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    Detached Multifamily Apartment Buildings Title is generated by Realmo AI

    10 East Overlea Avenue, Baltimore, MD 21206

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    For Sale
    $650,000

    Two detached buildings totaling 16 units with coin-operated laundry and rear parking, offered via online auction.

    Type:Multi-Family / Fee Simple
    Property size:
    10,754 SF
    Price / SF:
    $60/SF
    Added:
    May 24, 2026
    Days on Market:
    14
    Last Refresh:
    Jun 6 at 5:45 am

    Property Features for 10 East Overlea Avenue

    General Information

    Standard status
    Active
    Size
    10,754 SF
    Property subtype
    Multi-Family / Fee Simple

    Building Details

    Year Built
    1908

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    Listing Contact
    Matthew S Cooper

    Listing agent Matthew S Cooper License #594308

    Listing office Alex Cooper Auctioneers, Inc.

    Listing date May 24, 2026

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Alex Cooper Auctioneers, Inc.

    HighLights

    • Two detached multifamily buildings at 10 & 14 E. Overlea Avenue in Baltimore with 16 total residential units
    • 10 E. Overlea Ave: 5 units with 4 currently leased; includes coin‑operated basement laundry and rear parking (1 space per unit, in rent)
    • 14 E. Overlea Ave: 11 units with 10 currently leased; coin‑operated basement laundry noted
    • Total rent figures provided: scheduled gross annual rent $54,828 (10 E.) and $130,152 (14 E.), with fully leased potential annual rent $65,208 and $140,952 respectively
    • Building systems: 10 E. has one common electric meter (owner‑paid), central gas‑fired water heater, and individual gas boilers; 14 E. has individually metered electric and gas service per unit
    • 2025 expenses for 10‑14 E. Overlea Ave include real estate taxes $13,733, insurance $11,771, and landlord‑paid gas/electric $11,001 (trash removal is listed as Baltimore County, no landlord expense)

    Overview

    This offering includes two detached multifamily buildings with a combined 16 residential units. The 10 E. Overlea Avenue building contains 5 units (four currently leased) with laundry in the basement and parking in the rear at one space per unit included in the rent. Unit mix includes 1-bedroom and 2-bedroom through 3-bedroom layouts, and the building has approximately 3,881 sq. ft. above grade and a lot of approximately 15,000 sq. ft. The 14 E. Overlea Avenue building contains 11 units (10 currently leased), with basement coin-operated laundry. The property includes approximately 6,873 sq. ft. above grade and an approximately 15,000 sq. ft. lot.

    The guided tour is scheduled for Friday, June 5, 2026 beginning promptly at 11:00 a.m. The online auction on Auctioneers website lists a starting opening bid, with bidding beginning Friday, June 5 and ending Wednesday, June 10, 2026 at 12:00 p.m. The properties are located at 10 & 14 E. Overlea Avenue in the Overlea neighborhood of Baltimore, Baltimore County.

    For operators and investors, the current leasing provides a base of occupied units while also allowing room to address existing vacancies based on scheduled and fully-leased potential rent figures provided in the materials. Utility and mechanical arrangements vary by building: 10 E. Overlea Avenue has one common electric meter (owner-paid) with a central gas-fired water heater and each unit served by its own gas boiler and separate gas meter, along with radiator heat; 14 E. Overlea Avenue is individually metered for electric and gas with each unit having its own gas-fired water heater and electric baseboard heat. Tenant-provided window A/C units and landlord-paid gas/electric are noted, along with provided 2025 annual expense figures for taxes, insurance, pest control, and gas/electric for 10–14 E. Overlea Avenue.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.5268209
    Latitude
    39.3564602

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    FAQs

    What type of property is this?
    Apartment building - Two detached buildings totaling 16 units with coin-operated laundry and rear parking, offered via online auction.
    Where is this apartment building located?
    The property is located at 10 East Overlea Avenue Baltimore, MD.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Two detached multifamily buildings at 10 & 14 E. Overlea Avenue in Baltimore with 16 total residential units; 10 E. Overlea Ave: 5 units with 4 currently leased; includes coin‑operated basement laundry and rear parking (1 space per unit, in rent); 14 E. Overlea Ave: 11 units with 10 currently leased; coin‑operated basement laundry noted
    (410) 977-4711
    We can help!
    Listing Contact
    Matthew S Cooper
    Real Estate License ID: 594308
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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