2801 E Federal Street, Baltimore, MD 21213

Property Description

2801 East Federal Interiors: This East Baltimore Duplex includes two apartments with upgraded, low-maintenance finishes suited for rental use. Kitchens are equipped with granite countertops, wood shaker-style cabinets, 30” gas ranges, and stainless-steel sinks. The two-bedroom unit offers a half-bath on the main level and a full bath with a fiberglass tub and enclosure. The one-bedroom unit includes a full bath with a cast iron tub and ceramic tile tub surround. Each apartment has private in-unit laundry, a bonus amenity for tenants. Utilities: 2801 East Federal is separately metered for gas and electric, with no pesky public service bill for the landlord to manage. Tenants pay their own BGE bills, while the landlord covers water and sewer. Unit 1 is heated by a gas-fired boiler with radiators, and Unit 2 uses electric baseboard heat. A central 40-gallon gas-fired water heater, installed in 2022, supplies domestic hot water to both apartments. Observable plumbing includes copper, PEX, and steel supply lines, with PVC and PEX drain lines. What’s Special about Berea, Baltimore: Located just east of the Belair Road corridor and north of the old Northern Central Railroad tracks, this East Baltimore Duplex sits in the residential Berea neighborhood—an area characterized by traditional brick rowhomes and long-established households. The property is a little over a mile from Clifton Park, where tenants can access passive green space, a lake, and walking paths for outdoor enjoyment. 2801 East Federal is Certified Lead-Free, offering added protection for tenants and easing compliance for landlords. With separate gas and electric meters, in-unit laundry, and no major capital expenses needed, this duplex offers an easy-to-manage addition to your rental portfolio. Investment Summary: $245,000 $122,500 Per Unit $179 Per Sq. Ft. 7.8 Times Actual Rents (GRM) 7.5 Times Market Rents (GRM) 9.77% Cap Rate 12.6% Projected Cash-on-Cash Return Both units are leased through the Housing Choice Voucher Program, with 82% of rent paid directly by the subsidy provider—offering reliable, guaranteed income.