2801 E Federal St - Multi-Family FOR SALE


Baltimore, MD 21213- Berea
$245,000 USD
410-235-9500
2801 E Federal St, Baltimore, MD for Sale
$245,000 USD
Multi-Family - FOR SALE
1/17
null | 9.77% Cap Rate

2801 E Federal St
Baltimore, MD 21213
Berea


HIGHLIGHTS

  • 82% Voucher-Covered Rent – $2,142/month guaranteed through HCVP provides reliable baseline cash flow.
  • 12.6% Projected Cash-on-Cash Return — Strong yield from an attractive income with low entry cost.
  • Certified Lead-Free — Minimizes landlord liability and reduces compliance burden at turnover.

OVERVIEW

2801 East Federal Interiors: This East Baltimore Duplex includes two apartments with upgraded, low-maintenance finishes suited for rental use. Kitchens are equipped with granite countertops, wood shaker-style cabinets, 30” gas ranges, and stainless-steel sinks. The two-bedroom unit offers a half-bath on the main level and a full bath with a fiberglass tub and enclosure. The one-bedroom unit includes a full bath with a cast iron tub and ceramic tile tub surround. Each apartment has private in-unit laundry, a bonus amenity for tenants. Utilities: 2801 East Federal is separately metered for gas and electric, with no pesky public service bill for the landlord to manage. Tenants pay their own BGE bills, while the landlord covers water and sewer. Unit 1 is heated by a gas-fired boiler with radiators, and Unit 2 uses electric baseboard heat. A central 40-gallon gas-fired water heater, installed in 2022, supplies domestic hot water to both apartments. Observable plumbing includes copper, PEX, and steel supply lines, with PVC and PEX drain lines. What’s Special about Berea, Baltimore: Located just east of the Belair Road corridor and north of the old Northern Central Railroad tracks, this East Baltimore Duplex sits in the residential Berea neighborhood—an area characterized by traditional brick rowhomes and long-established households. The property is a little over a mile from Clifton Park, where tenants can access passive green space, a lake, and walking paths for outdoor enjoyment. 2801 East Federal is Certified Lead-Free, offering added protection for tenants and easing compliance for landlords. With separate gas and electric meters, in-unit laundry, and no major capital expenses needed, this duplex offers an easy-to-manage addition to your rental portfolio.

FOR SALE DETAILS

PRICE

$245,000 USD

PRICE/SF

$179 USD /SF

# OF UNITS

2

PRICE/UNIT

$122,500

CAP RATE

9.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

East Baltimore Duplex

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R6

APN/PARCEL ID

1489-037

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.