MLS#MDBA2228420
STATUSACTIVE
PROPERTY TYPECommercial - Business
SCHOOLBALTIMORE CITY PUBLIC SCHOOLS
Property Description
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.
Property Features
Property Type: Commercial - Business
Taxes: $14,048
Year Built: 1970
Feature Descriptions
Days on Site: 7
Exterior: Brick, Other
Municipality: Baltimore City
Sewer: Public Sewer
Total Garage/Parking Spaces: 6
Units: 10
Water: Public
Local Schools
School District: BALTIMORE CITY PUBLIC SCHOOLS
Listed By / Shown By
Listed By
Agency Name: Midfield Realty
Agency Phone: 4104985408
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
5461 Cedonia Avenue | MLS# MDBA2228420
This commercial property located at 5461 Cedonia Avenue, Baltimore, MD 21206 is currently listed for sale with an asking price of $1,200,000. Cedonia Avenue is located within the BALTIMORE CITY PUBLIC SCHOOLS school district. Search Baltimore real estate on www.realtymark.net today.