Renovated Apartment
For Sale
$1,599,000
106 W SARATOGA Street, Baltimore, MD 21201
Multi-Family, BALTIMORE, MD
Property Size8,071 SF
Price / SF$198.12
Days on Market155
Property Features for 106 W SARATOGA Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
6
Parking features
Driveway
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
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 Agency:
VYBE Realty
(410) 220-4648
Listed By:
Timothy J Klempa · License #641485
(508) 612-0094
Added: May 8
Changed: Aug 20
Last Checked: Oct 9 at 11:06PM
MLS# MDBA2213252
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.
Located at 106 W. Saratoga Street in Baltimore, this 8,071-square-foot apartment building contains 9 apartment units and a basement office. The property underwent a gut renovation and includes a rear parking lot with 7 spaces. The basement office may support maintenance operations or provide an additional income-producing space.
Built in 1900 with Federal architectural styling, the brick property is equipped with central air and heat pump heating. A 10-year property tax credit began in 2021, providing a defined tax benefit period for the ownership. The property is offered with an assumable loan carrying approximately 5 years remaining and an interest rate of approximately 4.2%, subject to buyer pre-approval for viewing.
Built in 1900 with Federal architectural styling, the brick property is equipped with central air and heat pump heating. A 10-year property tax credit began in 2021, providing a defined tax benefit period for the ownership. The property is offered with an assumable loan carrying approximately 5 years remaining and an interest rate of approximately 4.2%, subject to buyer pre-approval for viewing.
Key Highlights
- 9 apartment units plus a basement office
- 8,071‑square‑foot building on 106 W. Saratoga Street
- Rear parking lot with 7 spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,152
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,103,040
$2.1M
Cap Rate 7%
$1,502,171
$1.5M
Cap Rate 9%
$1,168,356
$1.2M
Market Conditions
NOI Build-Up for 8,071 SF
Gross rent
$203.4K $25.20/SF
− Vacancy
−$12.2K −$1.51/SF
EGI
$191.2K $23.69/SF
− OpEx
−$86.0K −$10.66/SF
NOI
$105.2K $13.03/SF
Area
Baltimore, MD
Vacancy
6.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,103,040
Cap Rate 7%
$1,502,171
Cap Rate 9%
$1,168,356
Alternative Uses
Best Use
Apartment 5plus
$1.50M
$1.31M – $1.75M
NOI $105,152 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.26M
NOI $135,351 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Office units
9
Residential units
Location Intelligence
Trade Area within ½ mile
12,318
Businesses Nearby
Explore this area
Business Placement
Demographics for 21201, MD
18,382
Population
11,468
Households
1.6
Avg Household Size
34
Median Age
47%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
14,140
Density / Sq Mi
$44,722
Median Household Income
$44,239
Median Earnings
$1,282
Median Rent
$221,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick residential property with a basement office, rear parking, central air, and heat pump systems.
Where is this apartment building located?
The property is located at 106 W SARATOGA Street Baltimore, MD.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 9 apartment units plus a basement office; 8,071‑square‑foot building on 106 W. Saratoga Street; Rear parking lot with 7 spaces
