2001 Eastern Ave, Baltimore, MD 21231-3061
- Investment properties
- 5,268 SF
- 0.04 lot acres
Current Use by Public Records
- Mid-Atlantic Spinal Rehab & Chiropractic Downtown Baltimore - Fells Point / Alternative Medicine Practice
- Dr. Marc Gulitz / Alternative Medicine Practice
- Dr. Zachary Woods / Alternative Medicine Practice
- Noelle Miller / Alternative Medicine Practice
- Erica Wise / Alternative Medicine Practice
Property Details for 2001 Eastern Ave
- Year built
- 1900
- Lot size
- 0.04 lot acres
- Zone code
- C-1
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 02-07-1783 -001
- APU
- 2071783001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 30, 2025 | — | Twenty01 Eastern LLC | Baltimore Cre 041 LLC | Deed | — |
| Mar 15, 2021 | $1,097,365 | Baltimore 2001 Cre 041 LLC | Chezzie Realty INC | Assignment Of Deed | $825k · Gea Real Estate Operating Partnersh |
| Jun 30, 2005 | $400,000 | Chezzie Realty INC | 2001 Eastern Ave LLC | Grant Deed | — |
| Nov 26, 2001 | $31,250 | 2001 Eastern Ave LLC | Leanor Lindinger Estate | Grant Deed | — |
Description
This 3-story, 5,268 sq ft apartment building in Baltimore, MD (21231) presents a compelling investment opportunity. Located on Eastern Ave between Fells Point and Canton, this fee-simple property boasts five units: four 2-bedroom, 1-bathroom apartments and one commercial space currently leased to Mid-Atlantic Spinal Rehab and Chiropractic until July 2027. A complete renovation in 2020 included updated kitchens and bathrooms in the residential units, featuring black/stainless steel appliances, granite countertops, wood cabinets, hardwood flooring, and in-unit washer/dryers. The building sits on a 0.04-acre lot (APN 02-07-1783-001) and is zoned C-1. Currently at 100% occupancy, this property offers significant value-add potential due to below-market rents
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,550,000
- ML approach
- $1,420,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,210,000
- 6.5%
- $1,120,000
- 7%
- $1,040,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $875,000
Market price range: $442k - $1.24M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $870,000 Current use
- AUTO REPAIR, GARAGE
- $1,215,000 Change: +40% Conversion: Difficult
- RESTAURANT
- $1,200,000 Change: +38% Conversion: Difficult
- OFFICE BUILDING
- $1,080,000 Change: +24% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $965,000 Change: +11% Conversion: Difficult
- WAREHOUSE, STORAGE
- $800,000 Change: -8% Conversion: Difficult
- MEDICAL BUILDING
- $765,000 Change: -12% Conversion: Easy
- RETAIL STORES
- $735,000 Change: -16% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore City
- State
- Maryland
- Longitude
- -76.5886
- Latitude
- 39.2856
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
