Property profile

2001 Eastern Ave Baltimore, MD 21231

OFF-MARKET
Investment properties
Property ID
US40-0094747
5,268 SF 0.04 ac lot Built 1900
Entity Owned Free & Clear
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Property summary

AI-generated overview

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

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Total area 5,268 SF
Lot 0.04 ac (1,800 SF)
Zoning code C-1
APN 02-07-1783 -001
UPID US40-0094747

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Alternative Medicine Practice

Location

2001 Eastern Ave Baltimore, MD 21231-3061
Baltimore metro Census 20300 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.42M
CAP Approach CAP
$1.12M
Comparable Approach Comparable
$875k
Blend (final) Blend
$1.55M

Owner & transaction history

since 2025
4 recorded transactions
2025
Price N/A
2021
$1.1M
2005
$400,000
2001
$31,250

Zoning & alternative use

C-1 · Baltimore, MD
Zoning description

ermitted and Conditional Uses Table 9-401 Rowhouse and Multi-Family Residential Districts - Bulk and Yard Regulations Table 10-301 Commercial Districts - Permitted and Conditional Uses Table 10-401 Commercial Districts (…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $1.2M +39.8%
Restaurant $1.2M +37.8%
Office building $1.1M +24.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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