2209 Eutaw Pl - Apartments FOR SALE


Baltimore, MD 21217- Reservoir Hill
$695,000 USD
410-235-9500
2209 Eutaw Pl, Baltimore, MD for Sale
$695,000 USD
Apartments - FOR SALE
1/65
null | 8.08% Cap Rate

2209 Eutaw Pl
Baltimore, MD 21217
Reservoir Hill


HIGHLIGHTS

  • Fully Renovated, Lead-Free, Separately Metered 4-Unit — Low-risk, low-maintenance asset with strong rentability from day one.
  • High-End Finishes, Hardwood Floors, and Soaring Ceilings — Attract quality tenants and reduce vacancy with standout unit interiors.
  • Quick Access to MLK Blvd and 4MLK Life Sciences Hub — Easy commuter access to major employment centers supports higher rent potential.

OVERVIEW

Each of the four thoughtfully designed apartments blends historic charm with modern updates. Soaring ceilings—some reaching up to 12 feet—exposed brick, and hardwood floors run throughout, while oversized windows bring in plenty of natural light. Kitchens are equipped with granite countertops, generous cabinet space, ceramic tile backsplash, and full suites of energy-efficient appliances—including full-size gas ranges, refrigerators, built-in microwaves, dishwashers, and disposals. Apartment A spans two levels with one and a half baths and an open-concept main floor, offering a spacious layout that works beautifully for an owner-occupant. Apartment D, the largest unit at 1,500 square feet, offers two full baths across two levels, flexible top floor loft style room and high-end finishes—making it a standout choice for someone looking to live on-site while offsetting their mortgage. Utility Information: All units in this renovated Reservoir Hill multi-family separately metered and outfitted with energy-efficient gas heat and central air conditioning for year-round comfort and cost savings. Coin-operated laundry is located in the shared basement and serviced by a tankless hot water heater—adding even more utility savings for the landlord. Renovated in 2009, all interior water lines are C-PVC and drain lines are PVC. A 2? copper water main serves this fully sprinklered for added safety and peace of mind. In 2021, the owner installed a GACO roofing system on the flat section of the roof, backed by a 50-year material warranty. In 2023, a new asphalt shingle roof was added, with a 25-year material warranty. Best of all, the property is registered lead-free—reducing overall owner risk and cutting down on costs and headaches at tenant turnover. Off-street parking is available for an additional $25/space. A savvy landlord could bill-back for monthly water and sewer charges, increasing overall monthly income. What’s Special About Reservoir Hill? 2209 Eutaw Place sits less than a quarter mile from the future Reservoir Square development, a multi-phase mixed-use project that will introduce grocery-anchored retail, new commercial office space, and modern amenities to the heart of the neighborhood. Eutaw Place is a one-way street that dead ends into Druid Park Lake Drive—just under half a mile from the newly reopened walking loop at Druid Lake. This milestone marks the near completion of Baltimore’s once-in-a-generation underground tank project, transforming the iconic reservoir from a protected water source into a fully recreational lake. Often referred to as Baltimore’s version of Central Park, Druid Hill Park will soon offer boating, walking trails, and expanded green space around a revitalized lakefront. Nearby institutions like the Maryland Institute College of Art (MICA) and several public magnet schools create steady demand for student and faculty housing. Residents also enjoy access to ball fields, the Baltimore Zoo, tennis courts, and wide open parkland. For commuters and professionals, tenants can cut through Bolton Hill for a quick connection to MLK Boulevard, offering under-two-mile access to 4MLK—a brand new 250,000 square foot life sciences hub—and convenient routes to I-83, I-95, and BWI. With major public and private investment reshaping the area, Reservoir Hill offers a rare blend of historic charm and long-term growth potential.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$129 USD /SF

# OF UNITS

4

PRICE/UNIT

$173,750

CAP RATE

8.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Reservoir Hill 4-Unit

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R7

APN/PARCEL ID

3427-002

ASK ABOUT THIS PROPERTY

Tom FairBen Frederick Realty, Inc.More Info
410-235-9500

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Tom FairBen Frederick Realty, Inc.More Info
410-235-9500

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