Eutaw Place Quad 2215 Eutaw Pl Immeuble residentiel 4 lots 605 080 € (151 270 €/Lot) Taux de capitalisation 8,81 % Baltimore, MD 21217

Interiors:
These recently renovated Reservoir Hill Apartments offer large living spaces in the following unit mix:
Two 2-Bedroom / 2-Bath Units
One 2-Bedroom / 1-Bath Unit
One 1-Bedroom / 1.5-Bath Unit
Kitchens have wood cabinets with 30” electric ranges; two have granite counters; two have laminate counters. Most kitchens include dishwashers and disposals; one has a built-in microwave. Bathrooms have modern vanities with fiberglass tubs, some jetted, and ceramic tile surrounds. Walls and ceilings are drywall, with exposed brick in every apartment, creating attractive interiors throughout. Flooring includes hardwood in upper levels; ceramic tile in bathrooms and the basement living space.
Utilities:
This is an all-electric building with four heat pumps providing central heating and cooling; hot water comes from four electric water heaters. Each apartment has 150-amp capacity, with five electric meters and 400-amp service to the building. Observable supply lines are CPVC; drain lines are PVC. A rear parking pad accommodates up to four cars in tandem, serving two users.
These Reservoir Hill apartments could potentially achieve Limited Lead-Free or even Full Lead-Free certification. XRF testing would be required, but the short-term expense and any minor corrective work would be well worth the long-term benefits of risk reduction, fewer paperwork requirements, and lower turnover costs at each lease-up.
Legal Note:
The property is legally structured as four condominium units under R-7 zoning. Seller will convey all four units together in a single transaction. There are no condominium documents in place, such as bylaws, covenants, conditions, restrictions (CCRs), or special assessments.
What’s Special About Reservoir Hill?
2215 Eutaw Place sits in the heart of Reservoir Hill, a neighborhood undergoing one of Baltimore’s most significant transformations. Just steps from the emerging Reservoir Square development, the property benefits from new grocery-anchored retail, modern office space, and expanded amenities that will reshape daily life for residents. Eutaw Place itself is a grand historic boulevard leading directly into Druid Hill Park, where the newly reopened walking trail circles the reservoir as part of the city’s once-in-a-generation underground tank project. The lakefront is being transformed into a fully recreational space with boating, trails, and expanded green areas for the community.
Nearby cultural and educational anchors such as the Maryland Institute College of Art (MICA), Coppin State University, and Baltimore School for the Arts help drive consistent housing demand from students, faculty, and staff. Tenants also enjoy proximity to the Baltimore Zoo, tennis courts, and ball fields, with convenient commuter access through Bolton Hill to MLK Boulevard, I-83, and downtown. With major public and private investment underway and strong institutions nearby, these Reservoir Hill Apartments offer investors both present-day stability and long-term growth potential.
Investment Summary:
$700,000
$175,000 Per Unit
$191 Per Sq. Ft.
8.3 Times Market Rents (GRM)
8.81% Cap Rate
9.9% Projected Cash-on-Cash Return