1112 N Eden St in Baltimore is a fully updated, rental-ready
building featuring six thoughtfully designed units—three
spacious one-bedroom apartments and three modern
studios. Recently renovated in 2021-2022, the property
combines historic charm with contemporary comforts,
including modern kitchen cabinets, appliances such as
refrigerator, microwave, oven, water heater, and a central
HVAC system under five years old. Each unit offers the
convenience of individual gas and electric meters, while
tenants enjoy the independence of paying their own
utilities.
EXECUTIVE SUMMARY
Financial Highlights
1112 N Eden St currently generates $45,927 in gross rental income (T-12), reflecting its existing performance with one vacant unit. Under stabilized conditions, pro forma gross income is projected to reach $85,986 in Year 1, supported by full occupancy and market rents. Based on our underwriting, the property is expected to achieve a 9.83% pro forma cap rate, offering strong in-place cash flow with clear upside potential through continued stabilization and rent growth.
Property Highlights
1112 N Eden St in Baltimore is a fully updated, rental-ready building featuring six thoughtfully designed units—three spacious one-bedroom apartments and three modern studios. Recently renovated in 2021-2022, the property combines historic charm with contemporary comforts, including modern kitchen cabinets, appliances such as refrigerator, microwave, oven, water heater, and a central HVAC system under five years old. Each unit offers the convenience of individual gas and electric meters, while tenants enjoy the independence of paying their own utilities.
Location Highlights
1112 N Eden St is ideally located in Baltimore’s vibrant Oliver/Gay Street corridor, just north of downtown, within a densely populated urban community of over 284,000 residents and 130,000 households. Situated in ZIP code 21213, home to 27,881 residents, and part of Baltimore City (population ≈569,930), the property benefits from its central position in a thriving metropolitan area. It falls within the Baltimore City Public Schools district (76,841 students in 2024–25) and is near top schools such as Baltimore Polytechnic Institute, Baltimore City College, Johnston Square Elementary, and Paul Laurence Dunbar High. Major employers nearby include Johns Hopkins University (≈25,000 staff) and the University of Maryland Medical System (≈9,830 staff), along with numerous downtown businesses, hotels, and retail establishments. Transit connectivity is excellent, with multiple bus routes (120, 54, 56, CityLink LIME, CityLink RED), a 10-minute walk to the Shot Tower Metro, a 3-minute walk to the Cultural Center light rail stop, and free access via the Charm City Circulator. Residents also enjoy proximity to Baltimore’s premier attractions, including the Inner Harbor, National Aquarium, Maryland Science Center, and parks such as Walnut Street and Patterson Park.