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About the Listing MIDRE1 - 3392438
5461 Cedonia Avenue is a 12-unit, three-story apartment property in Northeast Baltimore featuring six one-bedroom and six two-bedroom units. The property is currently fully occupied and offers immediate rent upside on five units of approximately $100–$400 per month. At the projected purchase price, the property delivers an approximately 9.1% day-one cap rate, with additional upside through future rent growth. The units feature white shaker cabinetry, LVP flooring, stainless steel appliances, renovated bathrooms, and private balconies in select units. The property is all-electric and has laundry in one of the units. The parcel also contains substantial open land beyond the existing building, creating potential for future expansion or additional development, subject to zoning approval. Located in the Frankford/Cedonia corridor, the property provides convenient access to Johns Hopkins Hospital, Johns Hopkins Bayview Medical Center, MedStar Franklin Square Medical Center, and Morgan State University. Cedonia Park and Radecke Park are approximately 0.3 miles away, with Parkside Shopping Center less than one mile away. The nearby Cedonia Loop serves the CityLink PINK and LocalLink 105 bus routes, while I-95, I-895, and I-695 are all within approximately three miles.
Listing Highlights
Status
Active
Days on Site
28
Property Type
Commercial Sale
MLS ®
MDBA2228420
Year Built
1970
Total Square Footage
8,520
Lot/Acreage
N/A
County
Baltimore City
School District
Baltimore City Public Schools
Interior Details
- Bedrooms: 0
- Bathrooms: 0 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: 6
- Zoning: R-6
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $14,048
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
5461 Cedonia Ave Baltimore, MD 21206
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