Renovated 4-Unit Multifamily
For Sale
$765,000
1805 SAINT PAUL Street, Baltimore, MD 21202
MULTI_FAMILY - Federal - BALTIMORE, MD
Property Size3,780 SF
Price / SF$202.38
Days on Market16
Property Features for 1805 SAINT PAUL Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Family Room, Basement, Dining Room
Parking
1
Parking features
Driveway
Interior features
2nd Kitchen, Bathroom - Stall Shower, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Breakfast Area, Ceiling Fan(s), Combination Kitchen/Dining, Combination Kitchen/Living, Combination Dining/Living, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Table Space, Recessed Lighting, Stain/Lead Glass, Sprinkler System, Upgraded Countertops, Walk-in Closet(s)
Fireplace
1
Appliances
Built-In Microwave, Dishwasher, Disposal, Dryer, Oven - Single, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Stove, Washer, Washer/Dryer Stacked, WaterHeater
Subdivision
STATION NORTH ARTS DISTRICT
Elementary school district
BALTIMORE CITY PUBLIC SCHOOLS
Middle school district
BALTIMORE CITY PUBLIC SCHOOLS
High school district
BALTIMORE CITY PUBLIC SCHOOLS
Standard status
Active
Size
3,780 SF
Taxes and HOA fees
Tax Annual Amount
9549
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1890
Number of units
4
Building materials
Brick Front, Concrete
Architectural style
Federal
Listing Agency:
Cummings & Co. Realtors
(410) 823-0033
Listed By:
Jamie L Koehler · License #640791
(443) 604-5875
Added: Jul 17
Changed: Jul 28
Last Checked: Aug 1 at 1:06PM
MLS# MDBA2223416
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
1805 Saint Paul Street is a renovated 4-unit building on a separately metered setup. The property was renovated in 2021 and is described as zoned for a 4-unit building. Each unit is equipped with its own HVAC system and water heater, and includes a stackable washer and dryer. The units also feature abundant natural light, LVP flooring, updated bathrooms, and kitchens with quartz countertops, garbage disposals, and stainless steel appliances. All units except the basement have direct access to an outdoor patio or balcony deck.
The rear parking pad can accommodate 1–2 cars and is currently unrented. Unit 1 is a basement apartment with one bedroom and one full bathroom and was previously leased for $1,350. Units 2 and 3 are vacant and described as rent-ready; Unit 2 has two bedrooms and two full bathrooms with direct access to the rear patio, and Unit 3 has two bedrooms and two full bathrooms with a private balcony deck. Unit 4 is the top level apartment with one bedroom and one full bathroom and is currently rented, with the resident paying timely.
Additional reported building systems and documentation include a sump pump system, fire alarm system, sprinkler system, a written lease for the occupied unit, limited lead-free lead certificates, a rental license, and a Use & Occupancy permit.
The rear parking pad can accommodate 1–2 cars and is currently unrented. Unit 1 is a basement apartment with one bedroom and one full bathroom and was previously leased for $1,350. Units 2 and 3 are vacant and described as rent-ready; Unit 2 has two bedrooms and two full bathrooms with direct access to the rear patio, and Unit 3 has two bedrooms and two full bathrooms with a private balcony deck. Unit 4 is the top level apartment with one bedroom and one full bathroom and is currently rented, with the resident paying timely.
Additional reported building systems and documentation include a sump pump system, fire alarm system, sprinkler system, a written lease for the occupied unit, limited lead-free lead certificates, a rental license, and a Use & Occupancy permit.
Key Highlights
- 4‑unit building at 1805 Saint Paul St, renovated in 2021; separately metered with each unit having its own HVAC, water heater, and stackable washer/dryer.
- Unit 1 (basement) has 1 bed/1 full bath; previously leased for $1,350 and has its own living/dining/bath setup.
- Units 2 and 3 are 2 bed/2 full bath and vacant/ren‑ready; Unit 2 previously rented for $1,800 and has rear patio access.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.9k | $22.20 |
| − Vacancy | −$4.6k | −$1.22 |
| EGI | $79.3k | $20.98 |
| − OpEx | −$23.8k | −$6.29 |
| NOI | $55.5k | $14.69 |
3,780 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$793.0K
$693.9K – $925.2K
NOI $55,510 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$703.5K
$615.6K – $820.8K
NOI $49,247 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$905.6K
$792.4K – $1.06M
NOI $63,391 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
3,263
Businesses Nearby
Explore this area
Business Placement
Demographics for 21202, MD
22,247
Population
12,731
Households
1.7
Avg Household Size
33
Median Age
48%
College-Educated
86%
High-School Grad
1.6 sq mi
ZIP Area
13,904
Density / Sq Mi
$61,578
Median Household Income
$53,609
Median Earnings
$1,497
Median Rent
$307,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Turnkey 4-unit building renovated in 2021 with separate meters, individual HVAC, and dedicated parking pad.
Where is this quadplex located?
The property is located at 1805 SAINT PAUL Street Baltimore, MD.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: 4‑unit building at 1805 Saint Paul St, renovated in 2021; separately metered with each unit having its own HVAC, water heater, and stackable washer/dryer.; Unit 1 (basement) has 1 bed/1 full bath; previously leased for $1,350 and has its own living/dining/bath setup.; Units 2 and 3 are 2 bed/2 full bath and vacant/ren‑ready; Unit 2 previously rented for $1,800 and has rear patio access.
