Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1960
Sq.Footage
N/A
List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Wednesday, July 9th & ends Monday, July 14, 2025 at 1:00 PM.Excellent Investment Opportunity: Fully Leased 12-Unit Multifamily Building in Cedonia, Baltimore. Presenting a rare opportunity to acquire a fully occupied 12-unit brick multifamily property situated on approximately 0.901 acres (per SDAT) in the Cedonia neighborhood of Northeast Baltimore City. This well-maintained, three-story building offers a balanced unit mix with six one-bedroom and six two-bedroom apartments—four units per floor. Rental Income & Occupancy: • Current Gross Monthly Rent of $12,095 • Current Gross Annual Rent of $145,140 • Five units are rented at market rates, while seven benefit from rental assistance programs. • According to the seller, seven of the units have been updated/renovated within recent years. Property Highlights: • Zoning: R-6 • Lead-Free • Active Rental License for 12 units (valid through September 13, 2026) • Separate electric meters for each unit • 7–8 parking spaces available (per seller) • Outdoor features include 8 units with balconies and 2 with patios. Ideally located in the Cedonia area of Northeast Baltimore, this property is close to a wide range of amenities including shopping, dining, schools, and recreational facilities. Convenient access to major thoroughfares such as I-95, I-695, and Belair Road enhances tenant appeal and transportation options. Projected Expenses: Real Estate Taxes - $13,797 for 2025. Trash removal - $250/monthly. Water - $800/monthly. Insurance - $311/monthly. Maintenance - $200/monthly. Electric - $125/monthly. Note: Pictures are from the Alex Cooper library July 2024.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.9
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Construction Materials
Brick, Other
-
Parking
Parking Lot
Financial
-
Sales Price
$750,000
-
Tax Amount
13797.0
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA dues:
$
Total loan payment:
$
Total interest amount:
$
Location
County
BALTIMORE CITY
Elementary School
Middle School
High School
Listing Courtesy of Larry E Cooper , Alex Cooper Auctioneers, Inc.
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Broker | Owner
ChristyIssler
Call Christy today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Be the First to Know About New Listings!
Let us tell you when new listings hit the market matching your search. By creating a FREE account you can:
-
Get New Listing Alerts by Email
We will notify you when new listings hit the market that match your search criteria. Be the first to know of new listings!
-
Save searches
Save your favorite searches with specific areas, property types, price ranges and features.
-
Save Your Favorite Listings
Save an unlimited number of listings on our site for easy access when you come back. You can also email all of your saved listings at one time.
