1503 Eutaw Place | 100% Occupied | $49K NOI

Highlights:

• Fully Leased Mixed-Use Asset: 7 residential units and 1 commercial unit offering immediate in-place cash flow.
• $49K In-Place NOI with Upside: Significant potential to increase NOI through unit upgrades and mark-to-market rent adjustments.
• Desirable Urban Location: Located on Eutaw Place in the Bolton Hill/Mount Vernon area—close to downtown, MICA, and University of Maryland Medical Center.
• Strong Rental Demand: Proximity to institutions, transit, and amenities supports long-term leasing stability and occupancy.
• Mixed-Use Flexibility: Basement-level commercial space adds tenant diversification and additional income stream.

Description:

RI Marketplace Online Auction June 23-25, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2524/1503-eutaw-place-100-occupied-49k-noi?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=multifamily_2524

Marcus & Millichap is pleased to exclusively present the opportunity to acquire 1503 Eutaw Place in Baltimore, Maryland. Located in the historic and architecturally rich Bolton Hill neighborhood, the Property is a fully leased mixed-use property offering stable income and long-term growth potential. The three-story building features seven residential units and one basement-level commercial space, all producing steady cash flow. Positioned along a prominent corridor just north of downtown Baltimore, the property benefits from proximity to key institutions like the Maryland Institute College of Art (MICA), the University of Maryland Medical Center, and several public transit options. This asset presents an ideal opportunity for investors seeking urban infill with upside through strategic renovations and rent growth in a supply-constrained submarket.

1503 Eutaw Place is situated in Bolton Hill, one of Baltimore’s most historic and visually distinctive neighborhoods, known for its 19th-century architecture, leafy streets, and cultural institutions. Just minutes from Downtown Baltimore, the property benefits from strong connectivity via Maryland Transit Administration (MTA) Light Rail, Metro Subway, and major roadways including I-83 and North Avenue. The area is anchored by institutions like The University of Baltimore, the Maryland Institute College of Art (MICA) and is within walking distance to State Center, a hub for state government offices. The neighborhood is experiencing ongoing revitalization, with an influx of students, professionals, and creative tenants driving demand for both residential and commercial space. Its central location, urban character, and stable tenant base make it an attractive setting for long-term investment and value-add potential. The Property has a population of ±541,403 residents within a 5-mile radius and an average household income of ±$79,978.


Frank B. Russo Jr
c/o Fisher Auction Company Inc.
License: AU000002

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