2,064 SqFt
2,064 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,064 sqft
Price per Sqft $242
Subdivision Gay Street
MLS Listing ID MDBA2187734
Style Other
Abv Grd Liv Area 2,064
Year Built 1900
Annual Tax Amount $10,372
Tax Year 2025
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
1112 N Eden St currently generates $45,927 in gross rental income (T-12), reflecting its existing performance with one vacant unit. Under stabilized conditions, pro forma gross income is projected to reach $85,986 in Year 1, supported by full occupancy and market rents. Based on our underwriting, the property is expected to achieve a 9.83% pro forma cap rate, offering strong in-place cash flow with clear upside potential through continued stabilization and rent growth.
Property Highlights
Fully renovated in 2021-2022, 1112 N Eden St features six turnkey units—three one-bedrooms and three studios—combining historic charm with modern finishes. Each unit includes updated kitchens with appliances, newer HVAC systems (under 5 years), and individual gas and electric meters. Tenants pay their own utilities, ensuring efficient operations and reduced owner expenses.
Location Highlights
Located in Baltimore's revitalizing Oliver/Gay Street corridor, 1112 N Eden St offers excellent access to downtown employment, education, and transit. Major nearby employers include Johns Hopkins University and the University of Maryland Medical System. Residents benefit from proximity to top schools, multiple bus and metro routes, and attractions like Patterson Park, the Inner Harbor, and the National Aquarium"
Location
State MD
County Baltimore City
Zoning R-8
Rooms
Basement Other
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Flooring Wood, Carpet
Fireplace N
Heat Source None
Exterior
Water Access N
Roof Type Rubber
Accessibility None
Garage N
Building
Foundation Brick/Mortar
Above Ground Finished SqFt 2064
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
Structure Type 9'+ Ceilings
New Construction N
Schools
High Schools Paul Laurence Dunbar
School District Baltimore City Public Schools
Others
Tax ID 0310131175 024
Ownership Other
SqFt Source 2064
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard
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REALTOR® | Lic# 5012305
jared.schwartz@penfedrealty.com
1997 Annapolis Exchange Pkwy 101, Annapolis, MD, 21401, USA