Two-Unit Corner
For Sale
$395,000
901 S East Ave, Baltimore, MD 21224
Separate entrances, apartment layouts, and utility metering support distinct residential occupancy.
Property Size2,256 SF
Lot Size0.03 Acres
Price / SF$175.09
Days on Market50
Property Features for 901 S East Ave
General Information
Standard status
Active
Size
2,256 SF
Lot size
0.03 Acres
Property subtype
Multi-Family
Zoning
R-8
Property Condition
Severity
Repairs Needed
Evidence
TLC
Site & Location
Neighborhood
Canton
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Cummings & Co. Realtors
Listed By:
Lisa F Ciofani · License #575711
(410) 960-4555
Source:
Theatwoodteam
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 7 at 4:16PM
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 Cummings & Co. Realtors
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Investment Insights
Based on property information with market context.
This 1920-built duplex contains two residential apartments arranged across separate levels. The first-floor unit includes a living room, eat-in kitchen, bedroom, full bathroom, half bath, laundry/storage area, and basement access. Upstairs, the second apartment offers a living room with exposed brick and vaulted ceiling, kitchen, bedroom, full bathroom, utility/HVAC room, and a small porch. The basement provides additional storage or potential use subject to applicable approvals.
The property occupies a corner position at East Avenue and Hudson Street, with approximately 16 feet of width and 75 feet of depth. Rear space adds further flexibility for potential functional, parking, garage, or business-related use, subject to Baltimore City approval. The property is zoned R-8 with a non-conforming use designation. Separate gas and electric meters serve the apartments, while water is shared. One unit is lead-certified, and the property is being sold as-is. The first-floor tenant’s lease runs through March 2027.
The property occupies a corner position at East Avenue and Hudson Street, with approximately 16 feet of width and 75 feet of depth. Rear space adds further flexibility for potential functional, parking, garage, or business-related use, subject to Baltimore City approval. The property is zoned R-8 with a non-conforming use designation. Separate gas and electric meters serve the apartments, while water is shared. One unit is lead-certified, and the property is being sold as-is. The first-floor tenant’s lease runs through March 2027.
Key Highlights
- Two residential apartments with separate entrances
- Approximately 16 feet wide by 75 feet deep
- R‑8 zoning with non‑conforming use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,548
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,960
$591.0K
Cap Rate 7%
$422,114
$422.1K
Cap Rate 9%
$328,311
$328.3K
Market Conditions
NOI Build-Up for 2,256 SF
Gross rent
$44.7K $19.80/SF
− Vacancy
−$2.5K −$1.09/SF
EGI
$42.2K $18.71/SF
− OpEx
−$12.7K −$5.61/SF
NOI
$29.5K $13.10/SF
Area
ZIP 21224
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,960
Cap Rate 7%
$422,114
Cap Rate 9%
$328,311
Alternative Uses
Best Use
Multifamily LT 5
$422.1K
$369.4K – $492.5K
NOI $29,548 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$391.2K
$342.3K – $456.4K
NOI $27,384 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$540.5K
$472.9K – $630.6K
NOI $37,833 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,550
Businesses Nearby
Explore this area
Business Placement
Demographics for 21224, MD
54,266
Population
23,433
Households
2.3
Avg Household Size
33
Median Age
50%
College-Educated
85%
High-School Grad
9.3 sq mi
ZIP Area
5,835
Density / Sq Mi
$86,209
Median Household Income
$63,556
Median Earnings
$1,782
Median Rent
$281,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances, apartment layouts, and utility metering support distinct residential occupancy.
Where is this duplex located?
The property is located at 901 S East Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two residential apartments with separate entrances; Approximately 16 feet wide by 75 feet deep; R‑8 zoning with non‑conforming use
