2224 Eutaw Pl, Baltimore, MD 21217

This three-unit multifamily property presents an exceptional repositioning opportunity in a rapidly appreciating Baltimore neighborhood, with a recent professional appraisal confirming a current value of $580,000, despite two units being in transition. Located adjacent to the $170 million Reservoir Square development and the $44 million Mayor's Office of Employment Development headquarters (scheduled for completion in 2026), this property offers immediate upside for investors who recognize its potential. The building features three well-appointed units with period architectural details: Unit 1 (2 bedrooms/2 bathrooms), Unit 2 (2 bedrooms/2 bathrooms), and Unit 3 (2 bedrooms/1 bathroom). Unit 2 provides stable cash flow at $1,020 per month through a lease extending to March 31, 2026, while Units 1 and 3 are currently in transition following a previous buyer's decision to exit—creating an opportunity for a more experienced investor to step in, renovate, and lease at current market rates … read more …