10-14 E Overlea Ave - Apartments FOR SALE


Baltimore, MD 21206- Overlea
$650,000 USD
410-977-4711
10-14 E Overlea Ave, Baltimore, MD for Sale
$650,000 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

10-14 E Overlea Ave
Baltimore, MD 21206
Overlea


OVERVIEW

LIST PRICE IS OPENING BID AT ONLINE AUCTION TO BE CONDUCTED ON AUCTIONEER'S WEBSITE* https://realestate.alexcooper.com/auction-property/1-CN07Y1 *GUIDED TOUR FRIDAY, JUNE 5, 2026 BEGINNING PROMPTLY AT 11:00 AM* Exceptional multifamily investment opportunity located at 10 & 14 E. Overlea Avenue in the desirable Overlea neighborhood of Baltimore. This unique offering consists of two detached multifamily buildings with a combined 16 residential units, presenting investors with immediate cash flow and additional upside through lease-up of the current vacancies. 10 E. Overlea Avenue: Comprised of 5 units - 4 of the units are currently leased • 3 - 1 Bedroom 1 Bath • 1 - 2 Bedroom 1 Bath • 1 - 3 Bedroom 1 bath • Laundry in basement (coin operated) • Parking in rear - 1 space per unit included in rent • Approximately 3,881 sq. ft. above grade and approximately 15,000 sq. ft. lot. **Scheduled Gross Monthly Rent of $4,569** **Scheduled Gross Annual Rent of $54,828** **Fully Leased Potential Gross Monthly Rent of $5,419** **Fully Leased Potential Gross Annual Rent of $65,208** 14 E. Overlea Avenue: Comprised of 11 units - 10 of the units are currently leased • 10 - 1 Bedroom 1 bath • 1 - 2 Bedroom 1 bath • Laundry in basement (coin operated) Brings in approximately $100/mth • Approximately 6,873 sq. ft. above grade and approximately 15,000 sq. ft. lot. **Scheduled Gross Monthly Rent of $10,846** **Scheduled Gross Annual Rent of $130,152** **Fully Leased Potential Gross Monthly Rent of $11,746** **Fully Leased Potential Gross Annual Rent of $140,952** 2025 Annual Expenses for 10-14 E. Overlea Avenue: Real Estate Taxes - $13,733 Insurance - $11,771 Gas/Electric paid by landlord - $11,001 Pest Control - $2,681 Trash Removal - Baltimore County (no landlord expense) Overview of Utilities & Mechanical Systems: 10 E. Overlea Avenue • One common electric meter for the building (owner-paid) • Central gas-fired water heater serving the building • Each unit has an individual gas boiler and separate gas meter • Radiator heat throughout units 14 E. Overlea Avenue • Individually metered electric and gas service for each unit • Each unit has its own gas-fired water heater • Electric baseboard heating throughout • Tenants provide their own window A/C units • Estimated electrical service: approximately 50–60 amps per unit The information contained herein was obtained from sources deemed to be reliable, but is offered for informational purposes only. Neither the auctioneer or the owner make any representations or warranties with respect to the accuracy of information. Diligence Package: A copy of the purchase and sale agreement, leases, lead certs, rent roll, rental license, and assorted addenda are located in the documents section. In order to gain access, you must create a free account as well as accept a non-disclosure agreement. Auction Notes: Online Auction Only! Bidding begins Friday, June 5th, and ends Wednesday, June 10, 2026 at 12:00PM. Online Bidding Notes: The initial deposit must be made via credit card, wire transfer or by Cashier's Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details. If a lot receives a bid within the last 3 minutes. it will remain open for an additional 3 minutes. If any further bidding occurs, the extension timer will reset to 3 minutes. If no further bidding activity occurs, the lot closes when the timer runs out.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$45 USD /SF

# OF UNITS

16

PRICE/UNIT

$40,625

CAP RATE

Request Cap Rate

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

DR5.5, County

APN/PARCEL ID

14-1408067476

ASK ABOUT THIS PROPERTY

Matt CooperAlex Cooper Auctioneers, Inc.More Info
410-977-4711

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Matt CooperAlex Cooper Auctioneers, Inc.More Info
410-977-4711

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.