Property
Beds
13
Full Baths
None
1/2 Baths
None
Year Built
1907
Sq.Footage
6,702
Rare opportunity to acquire a stabilized, income-producing 5-unit multifamily asset in the heart of Reservoir Hill—one of Baltimore’s most historic and rapidly transforming neighborhoods. 2304 Eutaw Place combines strong in-place cash flow with exceptional long-term appreciation potential, making it an ideal acquisition for investors seeking both immediate returns and future upside. The property is fully occupied and currently generates approximately $86,940 in annual gross rental income, with additional upside through future rent increases and continued neighborhood growth. Separately metered utilities, updated systems, renovated interiors, and recent capital improvements—including a newer roof—create a low-maintenance investment opportunity with operational efficiency already in place. Each unit offers updated kitchens, renovated bathrooms, hardwood flooring, and modern finishes while preserving the historic character and scale that make Reservoir Hill one of Baltimore’s most architecturally distinctive communities. Beyond the property itself, the surrounding neighborhood is experiencing major public and private investment through the transformative $170 million Reservoir Square redevelopment project just minutes away, which will bring a new Streets Market grocery store, additional retail, new housing, and a state-of-the-art headquarters for the Mayor’s Office of Employment Development (MOED). The new 63,000+ square-foot employment and workforce development hub is expected to become a major anchor for West Baltimore and bring increased daily activity, jobs, infrastructure investment, and long-term economic growth to the area. Reservoir Hill continues attracting developers, investors, artists, and young professionals drawn to its historic architecture, proximity to downtown, Penn Station, MICA, Druid Hill Park, and major commuter routes. As Baltimore continues investing in centrally located historic neighborhoods, Reservoir Hill is increasingly viewed as one of the city’s strongest long-term appreciation plays, offering investors the opportunity to secure a cash-flowing asset before values fully mature. Ideal for buy-and-hold investors, 1031 exchange buyers, multifamily operators, and house-hackers seeking scale in an appreciating market, this turnkey asset offers strong tenant demand, stable occupancy, and future NOI growth potential. Financials, rent roll, and additional investment documentation available upon request.
Features & Amenities
Interior
-
Total Bedrooms
13
-
Bathrooms
N/A
-
Above Grade Finished Area
6702.0
-
Cooling YN
YES
-
Cooling
Central Air, Gas
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Baseboard
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Off Street, On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.11
-
Lot Size(square feet)
5000.0
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
-
Architectural Style
Traditional
Price
-
Sales Price
$949,000
-
Tax Amount
$10,665
-
Sq. Footage
6, 702
-
Price/SqFt
$141
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
4
-
New Construction
NO
-
Foundation Details
Concrete Perimeter
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
BALTIMORE CITY
Elementary School
Middle School
High School
Listing Courtesy of Juwan Lee Richardson , Keller Williams Legacy
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AGENT
David Ayala
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