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Historic Victorian Quadplex
New
For Sale
$1,499,999

1801 EUTAW PLACE, Baltimore, MD 21217

Restored 1886 Victorian quadplex with four legally zoned residential units and separately metered utilities.

Days on Market3

Property Features for 1801 EUTAW PLACE

General Information

Standard status Active
Property subtype Quadruplex

Building Details

Building Size 8,690 SF
Year Built 1886
Listing Agency: Berkshire Hathaway HomeServices Homesale Realty
Listed By: Christopher J Cooke · License #596183
Source: Barnesrealestatecompany
Added: Jul 30 Changed: Jul 31 Last Checked: Jul 31 at 6:57AM

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 Berkshire Hathaway HomeServices Homesale Realty

Investment Insights

Based on property information with market context.

Restored in a historic manner, the Hawley-Hutzler House is an 1886 Victorian residence configured as four legally zoned residential units. The property spans more than 8,200 square feet across four finished levels, with architectural features that include soaring ceilings, ornate stonework, elaborate cornices, historic stained glass windows, intricate brick detailing, and working and decorative fireplaces. Inside, the home also reflects period craftsmanship through hand-carved woodwork, original plaster moldings, oversized windows, and richly detailed millwork.

All four units are separately metered, supporting flexible residential use within the same historic structure. The rear grounds offer a walled garden measuring 48'x45' with a 7-foot wall, landscaped with perennials and native plants. The property backs directly to Arnold Sumpter Park, creating an expansive sense of openness from the home’s outdoor space.

Located at 1801 Eutaw Place in Baltimore, the restored house combines historic character with a multi-unit configuration for residential owners and tenants.

Key Highlights

  • More than 8,200 SF across four finished levels
  • Configured as four legally zoned residential units
  • Separately metered units

Financial Insights For Multifamily LT 5

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 $192.9k $22.20
− Vacancy −$10.6k −$1.22
EGI $182.3k $20.98
− OpEx −$54.7k −$6.29
NOI $127.6k $14.69
8,690 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.82M
$1.60M – $2.13M (±1% cap)
NOI $127,615 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$1.62M
$1.42M – $1.89M (±1% cap)
NOI $113,217 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M (±1% cap)
NOI $145,732 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Encore Sustainable Architects Architect

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Butcher Clothing & Fashion Store Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,735
Businesses Nearby

Demographics for 21217, MD

30,448
Population
20,064
Households
1.5
Avg Household Size
38
Median Age
22%
College-Educated
83%
High-School Grad
2.1 sq mi
ZIP Area
14,499
Density / Sq Mi
$37,207
Median Household Income
$40,668
Median Earnings
$1,065
Median Rent
$175,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Restored 1886 Victorian quadplex with four legally zoned residential units and separately metered utilities.
Where is this quadplex located?
The property is located at 1801 EUTAW PLACE Baltimore, MD.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: More than 8,200 SF across four finished levels; Configured as four legally zoned residential units; Separately metered units
More about this property
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