1112 N Eden St N Baltimore, MD 21213
Turnkey, renovated 6-unit property with income potential in Baltimore.
Property Features for 1112 N Eden St N
General Information
- Property type
- Investment
- Standard status
- Active
Building Details
- Year built
- 1900
Source:
Elliman
Listing Agency: MIDFIELD REALTY Listing Agent: Yaakov Kanevsky
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Renovated Multifamily Property in Baltimore
The property at 1112 N Eden St features six turnkey units, fully renovated in 2021-2022. The unit mix comprises three one-bedroom units and three studio units, blending historic charm with modern finishes. Each unit is equipped with updated kitchens including appliances, newer HVAC systems under 5 years old, and individual gas and electric meters. Tenants are responsible for their own utilities. The property currently generates $45,927 in gross rental income based on the trailing twelve months, with one vacant unit. Pro forma gross income is projected to reach $85,986 in Year 1 under stabilized conditions, supported by full occupancy and market rents. The property is located in Baltimore’s revitalizing Oliver/Gay Street corridor, providing access to downtown employment, education, and transit. Nearby major employers include Johns Hopkins University and the University of Maryland Medical System. Residents benefit from proximity to schools, multiple bus and metro routes, and attractions such as Patterson Park, the Inner Harbor, and the National Aquarium. Based on underwriting, the property is expected to achieve an 11.43% pro forma cap rate, offering in-place cash flow with upside potential through continued stabilization and rent growth.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.5997723
- Latitude
- 39.3034544
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FAQs
What type of property is this?
Apartment building - Turnkey, renovated 6-unit property with income potential in Baltimore.
Where is this apartment building located?
The property is located at 1112 N Eden St N 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 cash flow and upside.; - Fully renovated in 2021-2022 with six turnkey units, featuring 3 one-bedrooms, 3 studios.; - Pro forma gross income projected to reach $85,986 in Year 1.
