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    The Largest CRE Database in the US with Over 1 Million Listings

    2635 N Calvert St Baltimore, MD 21218

    Sponsored
    For Sale
    $935,000

    MULTI_FAMILY - Other - BALTIMORE, MD

    Property size:
    3,292 SF
    Lot size:
    0.03 Acres
    Days on Market:
    44
    Last Refresh:
    Feb 24 at 10:06 am

    Property Features for 2635 N Calvert St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Family Room
    Parking
    1
    Parking features
    Parking Lot, On Street
    Interior features
    2nd Kitchen, Additional Stairway, Bathroom - Stall Shower, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Table Space
    Appliances
    Dishwasher, Disposal, Dryer, Dryer - Front Loading, Dryer - Electric, Exhaust Fan, Microwave, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Washer - Front Loading, Washer/Dryer Stacked, WaterHeater
    Size
    3,292 SF
    Lot size
    0.03 Acres

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Number of units
    4
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Jennifer L Drennan
    Jennifer L Drennan

    Taylor Properties (800) 590-0925

    Listing agent Jennifer L Drennan (800) 913-4326 License #617937

    Listing date Jan 12, 2026

    MLS# MDBA2195724

    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.

    Learn more

    Property Insight Report

    Overview

    Renovated Four-Unit Apartment Building

    This renovated four-unit apartment building is located in the historic Charles Village neighborhood. The property has new plumbing, electrical systems, HVAC, energy-efficient windows, and a new roof. Each unit features modern finishes and smart home technology. The kitchens include custom cabinetry, updated countertops, and stainless-steel appliances. Open-concept layouts, vaulted ceilings, recessed lighting, and flooring create bright living spaces. Every unit has its own washer and dryer, central air conditioning, and a private deck. All units are pre-wired with CAT6 ethernet and coaxial cabling linked to a centralized media panel. Smart features include video door intercom systems and Ecobee smart thermostats that integrate with Amazon Alexa or Google Home. Hot water is delivered on demand with an eco-smart tankless water heater. The unit mix includes two two-bedroom, one-bath apartments; one two-level three-bedroom, two-bath unit; and one studio. The property is located a few blocks from Starbucks, Eddie's Market, and the Johns Hopkins University Homewood campus, and within walking distance to St. Paul Street's shops and restaurants, the Baltimore Museum of Art, the Waverly Farmers Market, and several nearby parks. Residents have access to the Charm City Circulator and other public transit. The property is situated on a lot of approximately 0.03 acres and the building size is 3292 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.614
    Latitude
    39.32038

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    FAQs

    What type of property is this?
    Quadplex - Turnkey investment property in historic Charles Village, Baltimore.
    Where is this quadplex located?
    The property is located at 2635 N Calvert St Baltimore, MD.
    What is the asking price?
    The asking price for this property is $935,000.
    What are key features of this property?
    This property features: - Fully renovated four-unit building with all-new plumbing, electrical, HVAC, roof, and energy-efficient windows, offering a true turnkey investment.; - Ideally located in the heart of historic Charles Village, near Johns Hopkins University, shops, restaurants, and cultural attractions.; - Each unit features modern finishes, smart home technology, private decks, in-unit washer/dryer, and central air conditioning.
    (301) 318-5959
    Request Owner's contact information
    2635 N Calvert St Baltimore, MD 21218
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    Baltimore, MD 21218
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2635 N Calvert St Baltimore, MD 21218
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    We can help!
    Listing Contact
    Jennifer L Drennan
    Jennifer L Drennan
    Real Estate License ID: 617937
    (301) 318-5959 (800) 913-4326 (301) 970-2447
    Learn more
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