106 W SARATOGA Street, Baltimore, MD 21201
- Added:
- May 8, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 23 at 12:06 pm
Property Features for 106 W SARATOGA Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 6
- Parking features
- Driveway
- Standard status
- Active
- Size
- 8,071 SF
Taxes and HOA fees
- Tax Annual Amount
- 15600
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1900
- Number of units
- 1
- Building materials
- Brick
- Architectural style
- Federal
Listing agent Timothy J Klempa License #641485 (508) 612-0094
Listing office VYBE Realty 502 Washington Avenue unit: 101, Phoenix, MD (410) 220-4648
Listing date May 8, 2026
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.
HighLights
- Gut renovated apartment building featuring 9 apartment units.
- Benefit from a 10‑year property tax credit, started in 2021, enhancing cash flow.
- Assumable loan of approximately $1 million with approximately 5 years remaining at a 4.2% interest rate.
- Includes a basement office unit for maintenance or additional income.
- Offers a parking lot with 7 spots.
- Historically low vacancy rates, showing desirability.
Overview
The property is located in Baltimore, Maryland at 106 W Saratoga Street (21201). The seller states the building has historically been a low vacancy property and has operated as a popular rental.
For buyers and operators, the mix of apartment units plus a dedicated basement office creates flexibility for on-site management needs or an alternative use scenario. The listing also notes a 10-year property tax credit that began in 2021, which may help offset operating costs during the remaining term. An assumable loan is referenced with approximately $1MM and 5+ years remaining, at an interest rate of about 4.2% (per the remarks). For access to the property, buyers must be pre-approved to view.
Local Financial Insights For Office B
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 | $179.2k | $22.20 |
| − Vacancy | −$29.6k | −$3.66 |
| EGI | $149.6k | $18.54 |
| − OpEx | −$37.4k | −$4.63 |
| NOI | $112.2k | $13.90 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.61708
- Latitude
- 39.29314
