Renovated Multifamily Property in
1112 North Eden Street Baltimore, MD 21213
1112 North Eden Street, Baltimore, MD, 21213
$429,999
For Sale
$429,999
Turnkey, renovated multifamily property with income potential in Baltimore's Oliver/Gay Street corridor.
Property Size2,064 SF
Price / SF$208.33
Days on Market279
Property Features for 1112 North Eden Street
General Information
- Standard status
- Active
- Size
- 2,064 SF
- Property subtype
- Multi-Family / Other
Building Details
- Year Built
- 1900
Listing agency
Midfield Realty
(410) 324-6939
Listed by
Yaakov Kanevsky · License #MD-5012433
(410) 324-6939
Source
Compass
Added: Oct 16, 2025 Updated: Jul 10 at 12:20PM Checked: Jul 21 at 7:04AM
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 Midfield Realty
Investment Insights
Based on property information with market context.
The property at 1112 N Eden St, Baltimore, MD, features six turnkey units, including three one-bedroom and three studio apartments. Fully renovated in 2021-2022, the property combines historic charm with modern finishes. Each unit includes updated kitchens with appliances and newer HVAC systems under 5 years old. Individual gas and electric meters are installed, with tenants responsible for their own utility payments. The property currently generates $45,927 in gross rental income. Pro forma gross income is projected to reach $85,986 in Year 1, supported by full occupancy and market rents. The property is expected to achieve an 11.43% pro forma cap rate. Located in Baltimore’s revitalizing Oliver/Gay Street corridor, the property offers access to downtown employment, education, and transit. Major nearby employers include Johns Hopkins University and the University of Maryland Medical System. Residents benefit from proximity to top schools, multiple bus and metro routes, and attractions like Patterson Park, the Inner Harbor, and the National Aquarium. The property size is 2064 square feet.
Key Highlights
- Projected 11.43% pro forma cap rate offers strong in‑place cash flow and upside potential.
- Fully renovated in 2021‑2022 with six turnkey units (3 one‑bedroom, 3 studio).
- Pro forma gross income projected to reach $85,986 in Year 1 with full occupancy and market rents.
Local Financial Insights For Apartment 5plus
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 | $52.0k | $25.20 |
| − Vacancy | −$3.1k | −$1.51 |
| EGI | $48.9k | $23.69 |
| − OpEx | −$22.0k | −$10.66 |
| NOI | $26.9k | $13.03 |
2,064 SF · lease $25.20/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$384.2K
$336.1K – $448.2K
NOI $26,891 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$494.5K
$432.7K – $576.9K
NOI $34,613 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Turnkey, renovated multifamily property with income potential in Baltimore's Oliver/Gay Street corridor.
Where is this apartment building located?
The property is located at 1112 North Eden Street Baltimore, MD.
What is the asking price?
The asking price for this property is $429,999.
What are key features of this property?
This property features: Projected 11.43% pro forma cap rate offers strong in‑place cash flow and upside potential.; Fully renovated in 2021‑2022 with six turnkey units (3 one‑bedroom, 3 studio).; Pro forma gross income projected to reach $85,986 in Year 1 with full occupancy and market rents.
