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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 $12,157 "¢ Current Gross Annual Rent of $145,884 "¢ 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.
| DAYS ON MARKET | 1 | LAST UPDATED | 6/16/2025 |
|---|---|---|---|
| YEAR BUILT | 1960 | COUNTY | BALTIMORE CITY |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | BALTIMORE CITY PUBLIC SCHOOLS |
|---|
| ADDITIONAL DETAILS | |
| AIR | Electric, Other |
|---|---|
| AIR CONDITIONING | Yes |
| CONSTRUCTION | Brick, Other |
| HEAT | Other |
| LOT | 0.9 acre(s) |
| PARKING | Parking Lot |
| SEWER | Public Sewer |
| TAXES | 13797 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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