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About the Listing ACAI1 - 135028
List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Wednesday, July 9th & ends Monday, July 14, 2025 at 1:00 PM.Excellent Investment Opportunity: Fully Leased 12-Unit Multifamily Building in Cedonia, Baltimore. Presenting a rare opportunity to acquire a fully occupied 12-unit brick multifamily property situated on approximately 0.901 acres (per SDAT) in the Cedonia neighborhood of Northeast Baltimore City. This well-maintained, three-story building offers a balanced unit mix with six one-bedroom and six two-bedroom apartments—four units per floor. Rental Income & Occupancy: • Current Gross Monthly Rent of $12,095 • Current Gross Annual Rent of $145,140 • Five units are rented at market rates, while seven benefit from rental assistance programs. • According to the seller, seven of the units have been updated/renovated within recent years. Property Highlights: • Zoning: R-6 • Lead-Free • Active Rental License for 12 units (valid through September 13, 2026) • Separate electric meters for each unit • 7–8 parking spaces available (per seller) • Outdoor features include 8 units with balconies and 2 with patios. Ideally located in the Cedonia area of Northeast Baltimore, this property is close to a wide range of amenities including shopping, dining, schools, and recreational facilities. Convenient access to major thoroughfares such as I-95, I-695, and Belair Road enhances tenant appeal and transportation options. Projected Expenses: Real Estate Taxes - $13,797 for 2025. Trash removal - $250/monthly. Water - $800/monthly. Insurance - $311/monthly. Maintenance - $200/monthly. Electric - $125/monthly. Note: Pictures are from the Alex Cooper library July 2024.
Listing Highlights for 5461 Cedonia Ave
Status
Pending
Days on Site
86
Property Type
Commercial Sale
MLS ®
MDBA2172094
Year Built
1960
Total Square Footage
0
Lot/Acreage
0.9
County
Baltimore City
School District
Baltimore City Public Schools
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Parking Spaces: 8
- Zoning: R-6
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $13,797
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
5461 Cedonia Ave Baltimore, MD 21206
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