425 N Eutaw St, Baltimore, MD 21201

Property Description

Downtown income, spacious apartments, and seven parking spaces, all offered at $400,000. 425 North Eutaw Street combines two retail spaces with two large three-bedroom, two-bath apartments, and 7 off-street parking spaces, creating multiple sources of income in a location close to major employers, universities, and public transportation. The apartments feature tall windows, generous natural light, and in-unit laundry. Three bedrooms and two full bathrooms support roommate living, while the retail spaces provide street-level business opportunities. Seven off-street parking spaces add a valuable downtown amenity for residents and commercial occupants, with potential for additional rental income. Just two blocks from the redeveloped Lexington Market, the property is within walking distance of the University of Maryland, Baltimore campus and Medical Center, with the BioPark and Central Business District nearby. The surrounding university campus brings students, faculty, healthcare professionals, and employees to the area, supporting demand for housing and commercial space. Nearby Metro Subway and Light Rail service expand access throughout Baltimore. C-5-DC Downtown zoning provides flexibility for a variety of residential and commercial uses, including retail, restaurant, personal services, offices, dense multi-family, and more. Investors can pursue market rent alignment, while an owner-user may explore operating a business from the property and collecting income from the remaining spaces, subject to existing leases. Projected operations reflect a 10.25% cap rate and a 13.0% cash-on-cash return when fully leased.