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Listed by Yaakov Kanevsky • Midfield Realty
$1,200,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDBA2228420
Year Built 1970
Annual Tax Amount $14,048
Tax Year 2026
Property Sub-Type Other
Source BRIGHT
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.
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.
Location
State MD
County Baltimore City
Zoning R-6
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Garage Spaces 6.0
Water Access N
Accessibility None
Total Parking Spaces 6
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0326446072J002
Ownership Other
Special Listing Condition Standard
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Nearby School & Business
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Jeanette Petrucelli
Broker Associate License ID: AB067317
Broker Associate License ID: AB067317