RateMyAgentGo to search
Back 2224 Eutaw Place
Off Market

2224 Eutaw Place

Baltimore MD 21217

6
5384 sq. ft.
2713 sq. ft.
Duplex
Last sold for $495,100
Michael WadeMichael Wade, last sold this property on 22 December 2025 after 145 days on market.

Overview

This three-unit multifamily property presents an exceptional repositioning opportunity in a rapidly appreciating Baltimore neighborhood, with a recent professional appraisal confirming a current value of $580,000, despite two units being in transition. Located adjacent to the $170 million Reservoir Square development and the $44 million Mayor's Office of Employment Development headquarters (scheduled for completion in 2026), this property offers immediate upside for investors who recognize its potential. The building features three well-appointed units with period architectural details: Unit 1 (2 bedrooms/2 bathrooms), Unit 2 (2 bedrooms/2 bathrooms), and Unit 3 (2 bedrooms/1 bathroom). Unit 2 provides stable cash flow at $1,020 per month through a lease extending to March 31, 2026, while Units 1 and 3 are currently in transition following a previous buyer's decision to exit—creating an opportunity for a more experienced investor to step in, renovate, and lease at current market rates of $1,650-$1,800 and $1,400-$1,550 respectively. This creates compelling upside potential from current annual income of $12,240 to a stabilized income of $48,840-$52,440, representing $36,600-$40,200 in additional yearly revenue upon full lease-up. The investment fundamentals are exceptional, with Baltimore's multifamily market showing 95% year-over-year transaction growth, 2.4% rent growth in 2024, and projected 5% growth for 2025. Area vacancy rates of 5-6% remain below the metro average of 7.2%, while properties along Eutaw Place average $391,075 compared to the zip code median of $175,900. The neighborhood benefits from its proximity to three major universities (MICA, University of Baltimore, and Coppin State), outstanding transit connectivity (Walk Score 75, Transit Score 81, with a nine-minute walk to the Penn-North Metro), and transformative development that brings hundreds of new residents and municipal workers to the immediate area. The recent appraisal validates substantial underlying value, and with professional property management support available, this represents a turnkey value-add opportunity for decisive investors ready to capitalize on a previous buyer's hesitation. All financial records, leases, and property details are available during the due diligence process. Please independently verify all figures.

Features

6 bedrooms
5384 sq. ft. floor area
2713 sq. ft. lot size
Duplex

Estimated Value

Based on this property and similar 6 bedroom duplexes sold in Baltimore over the last 12 months, the estimated median property value of 2224 Eutaw Place is $485k.

Median value
$485k
Estimated value range
$35k - $760k
Median days on market
29
Estimated value trend
-7%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Baltimore. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 2224 Eutaw Place

2025
Sold
$495,100
22 Dec 2025 by Michael Wade, of Samson Properties

Happy sellers in Baltimore

90%
90% of sellers in Baltimore reported that their sale price either exceeded or met their price expectations.

Baltimore stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 11 reviews in Baltimore over the last 12 months.

Local market activity for 6 bedroom duplexes in Baltimore

In the last 12 months, 11 six-bedroom duplexes similar to 2224 Eutaw Place, have been sold.

This represents a 140% decrease in six-bedroom duplexes sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Baltimore

placeholder
Jessica Dailey

Sellers who recommend Jessica Dailey have praised them for being local expert, responsive, supportive, clear communication, well-prepared, great negotiation, and reliable

  •   5   (195 reviews)
  •  11 Reviews in Baltimore
  •  18 Sales in Baltimore
View profile
placeholder
Monica Truesdale

Monica Truesdale is an award winning recommended agent for Baltimore.  They have 3 local sales and collected 1 local review across the last 12 months.

  •   4.9   (30 reviews)
  •  1 Review in Baltimore
  •  3 Sales in Baltimore
View profile
placeholder
Kedrick King

Sellers who recommend Kedrick King have praised them for being local expert, clear communication, responsive, patient, supportive, dedicated, and well-prepared

  •   5   (69 reviews)
  •  1 Review in Baltimore
  •  1 Sale in Baltimore
View profile
placeholder
Michael Wade

Sellers who recommend Michael Wade have praised them for being local expert, detail-oriented, clear communication, responsive, honest, supportive, and friendly

  •   5   (67 reviews)
  •  1 Review in Baltimore
  •  1 Sale in Baltimore
View profile
or
Skip the list and find your ideal agent to sell your propertyFind My Agent
RateMyAgent
Sales:
(619) 566-0008
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsLicensingSitemap