1748 Eastern Ave - Flex FOR SALE


Baltimore, MD 21231- Upper Fells Point
$995,000 USD
410-977-4711
1748 Eastern Ave, Baltimore, MD for Sale
$995,000 USD
Flex - FOR SALE
1/30
null | Request Cap Rate

Sep '26


1748 Eastern Ave
Baltimore, MD 21231
Upper Fells Point


HIGHLIGHTS

  • 5 Apartments & 2 Retail Storefronts
  • **Gross Potential Annual Rent of Approx. $116,000**
  • Premier Upper Fells Point Location

OVERVIEW

MAKE AN OFFER!!! Call listing agent to discuss. Prime Investment Opportunity in Upper Fells Point 5 Residential Units | 2 Commercial Units | $9,654/month Gross Potential Monthly Rent (Based on Full Occupancy) Held by the same family for over 70 years, this exceptional 3-story mixed-use building spans nearly 8,000 sq. ft. of above-grade space. Sitting on a prominent 3,300 sq. ft. corner lot, the property boasts visibility with frontage on Eastern Ave., S. Ann St., and Portugal St. (rear alley access). The Value-Add Play: While currently generating robust income, a strategic renovation of the residential units offers massive upside to aggressively push rents and maximize your yield. Property Highlights • Prime Corner Location: High-visibility footprint with excellent exposure on Eastern Ave. and Ann St. • Turnkey Utilities: Tenants pay their own way—separate gas and electric meters for all units. Landlord pays for hot and cold water. • Flexible Zoning: Zoned C-1 (Neighborhood Commercial), perfectly suited for this high-demand corridor. • Generous Footprint: Lot size is 30’ x 110’ (approx. 3,300 SF / 0.075 acre). Rent Roll & Unit Breakdown Unit A: 2-BR, 1-Bath Duplex, Vacant (Market Ready) $1,500/mo. (Projected) Unit B: 2-BR, 1-Bath, Occupied (Long-Term Tenant) $1,000/mo. Unit C: 1-BR, 1-Bath, Vacant (Market Ready) $1,350/mo. (Projected) Unit D: 2-BR, 1-Bath, Leased $850/mo. Unit E: 2-BR, 1-Bath, Occupied (Long-Term Tenant) $1,100/mo. Commercial 1: Convenience Store, Occupied $2,209/mo. Commercial 2: Nail Salon, Occupied $1,645/mo. Tenant pays for water. TOTAL: 7 Units, Total Full Occupancy Potential $9,654 /month The Neighborhood: Upper Fells Point From LiveBaltimore website: "Nestled perfectly between historic Fells Point to the south and Butcher's Hill to the north, Upper Fells Point is one of East Baltimore's most vibrant and resilient rental markets. Characterized by historic mid-1800s architecture, residents flock to this neighborhood for its rich cultural diversity, local ethnic restaurants, eclectic shops, and cozy neighborhood hangouts—all while being just steps away from the waterfront hustle and bustle of Fells Point." Don't miss out on a real estate opportunity with immediate cash flow and proven upside. 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.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$126 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1748-1750 Eastern Ave.

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Convenience Store, Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07

LAND SF

3,049

ZONING

C

APN/PARCEL ID

1771-013

ASK ABOUT THIS PROPERTY

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

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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.