106 W Saratoga Street, Baltimore, MD 21201
Nine apartment units plus a basement office unit, supported by a 10-year property tax credit.
- Added:
- Apr 10, 2026
- Days on Market:
- 67
- Last Refresh:
- Jun 14 at 2:08 am
Property Features for 106 W Saratoga Street
General Information
- Standard status
- Active
- Size
- 7,406 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agent Timothy Klempa License #641485 (508) 612-0094
Listing office VYBE Realty (508) 612-0094
Listing date Apr 10, 2026
Source Xome
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All listing content including descriptions, pricing, images are the copyrighted material of VYBE Realty
HighLights
- 9 apartment units plus a basement office unit (could serve as a maintenance office or additional income)
- Gut renovated building with 7 on‑site parking spots in the rear parking lot
- 10‑year property tax credit started in 2021 to help support cash flow
- Assumable loan of $1M+/- with 5+/- years remaining at an interest rate of 4.2%+/-
- Zoned C‑5HT; Year built 1900
- Central air cooling; heating listed as “3”
Overview
The building has operated with consistently low vacancy, and it carries a 10-year property tax credit that began in 2021. The current credit is described as helping support cash flow, and the property is presented as ready for a new owner to benefit from the remaining term.
For investors or owner-operators seeking a small-balance multifamily with a renovated interior and a built-in management component for maintenance operations, the basement office unit offers flexibility. The 7-space rear lot supports everyday tenant parking needs, while the ongoing low-vacancy history is positioned as a practical indicator of steady performance. Viewing requires buyer pre-approval.
Local Financial Insights For Apartment 5plus
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 | $186.6k | $25.20 |
| − Vacancy | −$11.2k | −$1.51 |
| EGI | $175.4k | $23.69 |
| − OpEx | −$78.9k | −$10.66 |
| NOI | $96.5k | $13.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.6173038
- Latitude
- 39.2932999
