#MDBA2154624, JIMMY A OKUNOLA, Listing office: EXP Realty, LLC
Property details
About 2224 Eutaw Pl
Fully-leased three-unit rental property currently generating $3,989.95 in monthly rental income. This property offers immediate cash flow from established tenant relationships, supported by professional property management. The building consists of three separate residential units, each currently occupied under active lease agreements. All units feature period architectural details typical of the neighborhood's historic character. Current Monthly Income: - Unit 1: 2BR/2BA - $1,400/month - Unit 2: 2BR/2BA - $1,200/month - Unit 3: 2BR/1BA - $1,389.95/month - Total Monthly Income: $3,989.95 - Annual Gross Income: $47,879.40 Area Investment Fundamentals: The property is situated adjacent to the $170 million Reservoir Square development, which, according to released projections, features 120 market-rate townhomes starting at $ 350,000, a full-service Streets Market grocery store, over 200 apartments, and office/retail space. The $44 million Mayor's Office of Employment Development headquarters is scheduled for completion by 2026, bringing hundreds of municipal workers to the immediate area. Baltimore's multifamily investment market has shown significant activity with transactions up 95% year-over-year. The local market has experienced 2.4% rent growth in 2024, with a projected 5% growth for 2025. Area vacancy rates of 5-6% remain below the metro average of 7.2%. Properties along Eutaw Place average $391,075 compared to the broader zip code median of $175,900. Please independently verify all numbers. The neighborhood benefits from its proximity to multiple educational institutions, including the Maryland Institute College of Art (0.8 miles), the University of Baltimore (1.4 miles), and Coppin State University (1.7 miles), which provides consistent rental demand. Transit connectivity is rated with a Walk Score of 75, a Transit Score of 81, and a nine-minute walk to the Penn-North Metro Station. This investment property offers diversified rental income across three units, with established rental rates and strong tenant relationships—all financial records, lease agreements, and property management details available during the due diligence period.
Highlights
Home typeTriplex
HeatingRadiant
StatusActive
(ACTIVE)
(ACTIVE)
CoolingMulti Unit(s), Central Air
Size4,688 sqft
BasementYes
Lot size0.06 Acres
Year built1907
ParkingOn Street
MLS #MDBA2177690
ViewCity
Summary
- Basement: Yes
- Interior: Other
- Parking: On Street
- View: City
- Architectural Style: Other
- Heating: Radiant
- Cooling: Multi Unit(s), Central Air
- List Price: $550,000
- Price/SqFt: $117
- Annual Tax Amount: $5,377
- Tax Year: 2024
- Directions: USE GPS
- Year Built: 1907
- Living Area: 4,688 SqFt
- Municipality: Baltimore City
- Lot Size: 0.06 Acres
- MLS Number: MDBA2177690
- MLS Name: BRIGHT
- Office Name: Samson Properties
- Office Phone: (443) 542-2251
- Listing Agent: Michael Paul Wade
- Agent Phone: (443) 812-9980
- Agent Email: michael@michaelwaderealtor.com
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/3/2025, 4:45:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 21, 2001 | Home Sold | $48,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $346,533 | $5,377 |
| 2023 | $322,567 | $5,377 |
| 2022 | $298,600 | $7,046 |
| 2021 | $298,600 | $7,284 |
| 2020 | $298,600 | $4,090 |
| 2019 | $318,100 | $3,864 |
| 2018 | $308,667 | $3,798 |
| 2017 | $299,233 | $3,714 |
History based on county public records data.
Nearby schools
2
John Eager Howard Elementary School
Public District PK-5
0.1 mi
•2011 Linden Ave
1
Eutaw-Marshburn Elementary School
Public District PK-5
0.4 mi
•1624 Eutaw Pl
3
Furman Templeton Preparatory Academy
Public Charter PK-5
0.8 mi
•1200 Pennsylvania Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $43,696. The majority of Baltimore, MD residents have income between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
38%
<35k
51%
35k-100k
11%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
62%
Single, No Kids
16%
Single, with Kids
11%
Married, No Kids
11%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
7%
12-17 yrs old
20%
18-34 yrs old
49%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
Burlington
H&M
IKEA
Where do the neighbors go to eat?
White Castle
Popeyes
Boston Market
What do the neighbors drive?
Kia
Nissan
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits- Soft Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2224 Eutaw Pl
The listing price of 2224 Eutaw Pl property is $550,000.
The property 2224 Eutaw Pl is a multi located in Baltimore, Maryland, 21217.
Active Listing: 2224 Eutaw Pl is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2224 Eutaw Pl are: John Eager Howard Elementary School (GreatSchools Rating 2/10), Eutaw-Marshburn Elementary School (GreatSchools Rating 1/10), Furman Templeton Preparatory Academy (GreatSchools Rating 3/10), William Pinderhughes Elementary School (GreatSchools Rating 2/10), New Song Academy (GreatSchools Rating 3/10), Mount Royal Elementary/Middle School (GreatSchools Rating 4/10), Renaissance Academy (GreatSchools Rating 1/10), Bluford Drew Jemison STEM Academy West (GreatSchools Rating 2/10), Augusta Fells Savage Institute of Visual Arts (GreatSchools Rating 1/10).
According to the records, the last property tax for 2024 is $5,377 (source: MLS/based on county public records data).
The last sale was on March 21, 2001 for $48,000 (source: MLS/tax record).
The property 2224 Eutaw Pl is 4,688 SqFt (source: MLS/tax record).
The year of construction for 2224 Eutaw Pl is 1907.
This home is located at 2224 Eutaw Pl in Baltimore, MD and zip code 21217 in the Central neighborhood. This 4,688 square foot home, which was built in 1907, sits on a 0.06 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since July 29, 2025 and is currently priced at $550,000.
The inventory of homes for sale in Baltimore, MD between June and July 2025 increased by 48.2%. In July 2025 median list price was $228,035 and the average listing age was 76 days.
From Rocket Homes Real Estate and based on county public records data.