Renovated Brownstone Apartment
2304 Eutaw Place Baltimore, MD 21217
2304 Eutaw Place, Baltimore, MD, 21217
$949,999
For Sale
$949,999
Turnkey renovated historic brownstone with five luxury units, in-unit laundry, and individually metered utilities.
Property Size6,702 SF
Price / SF$141.75
Days on Market395
Property Features for 2304 Eutaw Place
General Information
- Standard status
- Active
- Size
- 6,702 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1907
Listing agency
Keller Williams Legacy
(443) 455-0773
Listed by
Juwan Lee Richardson
(443) 455-0773
Source
Compass
Added: Jun 23, 2025 Updated: Jul 21 at 9:19PM Checked: Jul 21 at 9:19PM
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 Keller Williams Legacy
Investment Insights
Based on property information with market context.
2304 Eutaw Place is a fully renovated historic brownstone apartment building offering five apartment units. The unit mix includes two 3-bedroom, 2.5-bath units; two 2-bedroom, 1-bath units; and one 2-bedroom, 2-bath penthouse-style suite. Interiors feature gleaming hardwood floors, stainless-steel appliances, granite and quartz countertops, custom kitchen cabinetry, and spa-inspired bathrooms, with in-unit laundry in each residence. The building also includes individually metered utilities.
Set in Baltimore’s Reservoir Hill area, the property is described as being just steps from Druid Hill Park, MICA, and Johns Hopkins University, with access to downtown Baltimore and major commuter routes.
Set in Baltimore’s Reservoir Hill area, the property is described as being just steps from Druid Hill Park, MICA, and Johns Hopkins University, with access to downtown Baltimore and major commuter routes.
Key Highlights
- Fully renovated historic brownstone built in 1907 in Baltimore City
- Multi‑family building with 5 apartment units totaling 6,700+ sq ft
- Unit mix includes two 3BD/2.5BA units, two 2BD/1BA units, and one 2BD/2BA penthouse‑style suite
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 | $168.9k | $25.20 |
| − Vacancy | −$10.1k | −$1.51 |
| EGI | $158.8k | $23.69 |
| − OpEx | −$71.4k | −$10.66 |
| NOI | $87.3k | $13.03 |
6,702 SF · lease $25.20/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,316 @ 7.0% cap · market cap 9.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.40M – $1.87M
NOI $112,393 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
WMSU Painting Services ...
Painting Service
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FAQs
What type of property is this?
Apartment building - Turnkey renovated historic brownstone with five luxury units, in-unit laundry, and individually metered utilities.
Where is this apartment building located?
The property is located at 2304 Eutaw Place Baltimore, MD.
What is the asking price?
The asking price for this property is $949,999.
What are key features of this property?
This property features: Fully renovated historic brownstone built in 1907 in Baltimore City; Multi‑family building with 5 apartment units totaling 6,700+ sq ft; Unit mix includes two 3BD/2.5BA units, two 2BD/1BA units, and one 2BD/2BA penthouse‑style suite
