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Listed by Larry E Cooper • Alex Cooper Auctioneers, Inc.
$ 750,000
Est. payment | /mo
0.9 Acres Lot
$ 750,000
Est. payment | /mo
0.9 Acres Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDBA2172094
Year Built 1960
Annual Tax Amount $13,797
Tax Year 2024
Lot Size 0.901 Acres
Acres 0.9
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
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.
• 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.
Location
State MD
County Baltimore City
Zoning R-6
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Garage Spaces 8.0
Water Access N
Accessibility None
Total Parking Spaces 8
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0326446072J002
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Auction
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