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    Two Detached Multifamily Buildings Title is generated by Realmo AI

    14 E OVERLEA AVE, Baltimore, MD 21206

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    Online auction offering two detached multifamily buildings totaling 16 units, with basement coin-operated laundry and parking included in rent.

    Type:Multifamily
    Property size:
    6,873 SF
    Price / SF:
    $94/SF
    Added:
    May 28, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 6 at 2:48 am

    Property Features for 14 E OVERLEA AVE

    General Information

    Standard status
    Active
    Size
    6,873 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1896

    We can help!

    Listing Contact
    Matthew Cooper

    Listing agent Matthew Cooper License #MD 594308

    Listing office Alex Cooper Auctioneers, Inc

    Listing date May 28, 2026

    Source Crexi

    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 with 16 total residential units
    • 10 E. Overlea Ave: 5 units (4 leased); includes basement coin‑operated laundry and rear parking (1 space/unit) in rent
    • 14 E. Overlea Ave: 11 units (10 leased); includes basement coin‑operated laundry with approx. $100/month laundry income noted
    • Rental income figures: scheduled gross monthly rent $4,569 (10 E.) and $10,846 (14 E.); fully leased potential $5,419/$11,746 respectively
    • Utilities & heating: 10 E. has one owner‑paid electric meter and central gas‑fired water heater; each unit has individual gas boiler and radiator heat
    • 2025 expenses (10–14 E.): real estate taxes $13,733, insurance $11,771, landlord‑paid gas/electric $11,001, pest control $2,681; trash removal listed as no landlord expense

    Overview

    Two detached multifamily buildings offer a combined 16 residential units. The property includes basement laundry facilities (coin operated) and rear parking for tenants at 10 E. Overlea Avenue, with parking included in rent at a rate of one space per unit. Unit mix across the buildings includes one-, two-, and three-bedroom apartments, depending on the building. 10 E. Overlea Avenue has 5 units, and 14 E. Overlea Avenue has 11 units.

    The offering is located at 10 & 14 E. Overlea Avenue in Baltimore’s Overlea neighborhood. A guided tour is scheduled for Friday, June 5, 2026 beginning promptly at 11:00 AM. The sale is being conducted via online auction only, with bidding beginning Friday, June 5 and ending Wednesday, June 10, 2026 at 12:00 PM.

    Operationally, the buildings are supported by separate mechanical and metering arrangements described in the materials. 10 E. Overlea Avenue has one common electric meter (owner-paid) and central gas-fired water heating, with each unit having an individual gas boiler and separate gas meter. 14 E. Overlea Avenue is individually metered for electric and gas service for each unit, with electric baseboard heating and tenants providing window A/C units. Scheduled 2025 expenses and utility/mechanical details are included in the diligence package available through the auction platform documents section.
    Location Intelligence

    Current Use by Public Records

    Overlea Avenue Apartments Apartment Complex

    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
    -76.5265458
    Latitude
    39.3562542

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    FAQs

    What type of property is this?
    Apartment building - Online auction offering two detached multifamily buildings totaling 16 units, with basement coin-operated laundry and parking included in rent.
    Where is this apartment building located?
    The property is located at 14 E OVERLEA AVE 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 with 16 total residential units; 10 E. Overlea Ave: 5 units (4 leased); includes basement coin‑operated laundry and rear parking (1 space/unit) in rent; 14 E. Overlea Ave: 11 units (10 leased); includes basement coin‑operated laundry with approx. $100/month laundry income noted
    (410) 977-4711 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matthew Cooper
    Real Estate License ID: MD 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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