2224 Eutaw Pl, BALTIMORE, MD 21217
Local realty services provided by:Better Homes and Gardens Real Estate Reserve
2224 Eutaw Pl,BALTIMORE, MD 21217
$550,000
- 6 Beds
- - Baths
- 4,688 sq. ft.
- Multi-family
- Active
Listed by:michael paul wade
Office:samson properties
MLS#:MDBA2177690
Source:BRIGHTMLS
Price summary
- Price:$550,000
- Price per sq. ft.:$117.32
About this home
Fully-leased three-unit rental property currently generating $3,880 in monthly rental income. This property offers immediate cash flow from established tenant relationships, supported by professional property management.
The building consists of three separate residential units, each currently occupied under active lease agreements. All units feature period architectural details typical of the neighborhood's historic character.
Current Monthly Income:
- Unit 1: 2BR/2BA - $1,540 month to month
- Unit 2: 2BR/2BA - $1,020 leased until 3/31/26
- Unit 3: 2BR/1BA - $1,320/month
- Total Monthly Income: $3,880
- Annual Gross Income: $46,560
Area Investment Fundamentals:
The property is situated adjacent to the $170 million Reservoir Square development, which, according to released projections, features 120 market-rate townhomes starting at $ 350,000, a full-service Streets Market grocery store, over 200 apartments, and office/retail space. The $44 million Mayor's Office of Employment Development headquarters is scheduled for completion by 2026, bringing hundreds of municipal workers to the immediate area.
Baltimore's multifamily investment market has shown significant activity with transactions up 95% year-over-year. The local market has experienced 2.4% rent growth in 2024, with a projected 5% growth for 2025. Area vacancy rates of 5-6% remain below the metro average of 7.2%. Properties along Eutaw Place average $391,075 compared to the broader zip code median of $175,900. Please independently verify all numbers.
The neighborhood benefits from its proximity to multiple educational institutions, including the Maryland Institute College of Art (0.8 miles), the University of Baltimore (1.4 miles), and Coppin State University (1.7 miles), which provides consistent rental demand. Transit connectivity is rated with a Walk Score of 75, a Transit Score of 81, and a nine-minute walk to the Penn-North Metro Station.
This investment property offers diversified rental income across three units, with established rental rates and strong tenant relationships—all financial records, lease agreements, and property management details available during the due diligence period.
Contact an agent
Home facts
- Year built:1907
- Listing Id #:MDBA2177690
- Added:17 day(s) ago
- Updated:August 16, 2025 at 01:27 PM
Rooms and interior
- Bedrooms:6
- Living area:4,688 sq. ft.
Heating and cooling
- Cooling:Central A/C, Multi Units
- Heating:Natural Gas, Radiator
Structure and exterior
- Year built:1907
- Building area:4,688 sq. ft.
- Lot area:0.06 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$550,000
- Price per sq. ft.:$117.32
- Tax amount:$8,178 (2024)
New listings near 2224 Eutaw Pl
- Coming Soon
$460,000Coming Soon3 beds 3 baths2442 Quilting Bee Rd, BALTIMORE, MD 21228
MLS# MDBC2136002Listed by: LONG & FOSTER REAL ESTATE, INC. - New
$164,900Active3 beds 1 baths1,624 sq. ft.74 S Kossuth St S, BALTIMORE, MD 21229
MLS# MDBA2179776Listed by: LONG & FOSTER REAL ESTATE, INC. - New
$74,900Active3 beds 2 baths1,224 sq. ft.3800 Hayward Ave, BALTIMORE, MD 21215
MLS# MDBA2179984Listed by: POWERHOUSE REALTY, LLC. - Coming Soon
$135,000Coming Soon2 beds 2 baths1103 Sargeant St, BALTIMORE, MD 21223
MLS# MDBA2179976Listed by: EXP REALTY, LLC - Coming Soon
$335,000Coming Soon4 beds 1 baths617 North Bend, BALTIMORE, MD 21229
MLS# MDBC2137376Listed by: EPIQUE REALTY - New
$283,000Active3 beds 4 baths912 sq. ft.315 Robinson St, BALTIMORE, MD 21224
MLS# MDBA2179666Listed by: UNITED REAL ESTATE EXECUTIVES - Coming Soon
$85,000Coming Soon3 beds 2 baths2479 Druid Hill Ave, BALTIMORE, MD 21217
MLS# MDBA2179974Listed by: EXP REALTY, LLC - Coming Soon
$297,900Coming Soon3 beds 1 baths2321 Ellen Ave, BALTIMORE, MD 21234
MLS# MDBC2137370Listed by: STEEN PROPERTIES - New
$160,000Active2 beds 2 baths1,121 sq. ft.2857 Plainfield Rd, BALTIMORE, MD 21222
MLS# MDBC2137372Listed by: KELLER WILLIAMS GATEWAY LLC - Coming Soon
$210,000Coming Soon2 beds 2 baths43 Dendron Ct #33, BALTIMORE, MD 21234
MLS# MDBC2137102Listed by: CENTURY 21 ADVANCE REALTY
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2025 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each Office is Independently Owned and Operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.