2304 Eutaw Place, Baltimore, MD 21217

Property Description

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.

Property Features

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