Baltimore Multifamily Investment Opportunity

1115 N CALVERT Street, Baltimore, MD 21202

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For Sale

$725,000

MULTI_FAMILY - Colonial - BALTIMORE, MD

Property size:

3,640 SF

Lot size:

0.06 Acres

Price / SF:

$199/SF

Listing Contact

Hardeep K Sran

Real Estate License ID: 601209

HighLights

Multifamily property in Baltimore's desirable Midtown Belvedere neighborhood.
Currently generating $4,000/month with potential to reach $6,500/month at market rates.
Features four 1‑bedroom units plus a top‑level studio with a private full bath.
Unit 1 and the loft are vacant, offering immediate value‑add potential.
Ground floor and first floor recently renovated with a new HVAC system and a 2‑year‑old water heater.
Conveniently located near Penn Station, MICA, and the University of Baltimore.

Learn more

For Sale

$725,000

MULTI_FAMILY - Colonial - BALTIMORE, MD

Property size:

3,640 SF

Lot size:

0.06 Acres

Price / SF:

$199/SF

Added:: Mar 21, 2026
Days on Market:: 83
Last Refresh:: Jun 11 at 3:06 am

Property Features for 1115 N CALVERT Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Parking features: On Street
Standard status: Active
Size: 3,640 SF
Lot size: 0.06 Acres

Taxes and HOA fees

Tax Annual Amount: 12333

Utilities

Heating system: Hot Water(Heating)
Cooling system: Central Air

Building Details

Year built: 1900
Number of units: 4
Building materials: Brick Front
Architectural style: Colonial

We can help!

Listing Contact

Hardeep K Sran

Listing agent Hardeep K Sran License #601209

Listing office Samson Properties 9801 Washingtonian Boulevard unit: 600, Chantilly, MD

Listing date Mar 21, 2026

MLS# MDBA2207124 Listing URL

HighLights

Multifamily property in Baltimore's desirable Midtown Belvedere neighborhood.
Currently generating $4,000/month with potential to reach $6,500/month at market rates.
Features four 1‑bedroom units plus a top‑level studio with a private full bath.
Unit 1 and the loft are vacant, offering immediate value‑add potential.
Ground floor and first floor recently renovated with a new HVAC system and a 2‑year‑old water heater.
Conveniently located near Penn Station, MICA, and the University of Baltimore.

Overview

Located in Baltimore's Midtown Belvedere neighborhood, this multifamily property features four 1-bedroom units and a top-level studio with a private full bath. The property is currently generating $4,000 per month from three occupied units. Unit 1 and the loft are vacant, offering immediate value-add potential. Market rate rents are projected to reach approximately $6,500 per month. The ground floor and first floor have been recently renovated and include a new HVAC system and a 2-year-old water heater. The property is near Penn Station, Maryland Institute College of Art (MICA), and the University of Baltimore, making it suitable for student and professional tenants. Private parking is available, along with additional street parking. The property size is 3,640 square feet on a lot of 0.0601 acres. This property is intended for use as a residential income property.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$80.8k	$22.20
− Vacancy	−$4.4k	−$1.22
EGI	$76.4k	$20.98
− OpEx	−$22.9k	−$6.29
NOI	$53.5k	$14.69

3,640 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$763.6K

$668.2K – $890.9K (±1% cap)

NOI $53,454 @ 7.0% cap · market cap 7.37%

Second Best

Apartment 5plus

$677.5K

$592.8K – $790.4K (±1% cap)

NOI $47,423 @ 7.0% cap · market cap 6.54%

Theoretical Best

Office A

$872.0K

$763.0K – $1.02M (±1% cap)

NOI $61,043 @ 7.0% cap · market cap 8.42%

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

Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Baltimore
County: Baltimore
State: Maryland
Longitude: -76.61287
Latitude: 39.30303

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For sale
Quadplexes
MD
Baltimore
21202
1115 N CALVERT Street

What type of property is this?

Quadplex - Four 1-bedroom units plus studio in Midtown Belvedere.

Where is this quadplex located?

The property is located at 1115 N CALVERT Street Baltimore, MD.

What is the asking price?

The asking price for this property is $725,000.

What are key features of this property?

This property features: Multifamily property in Baltimore's desirable Midtown Belvedere neighborhood.; Currently generating $4,000/month with potential to reach $6,500/month at market rates.; Features four 1‑bedroom units plus a top‑level studio with a private full bath.

1115 N CALVERT Street, Baltimore, MD 21202

MULTI_FAMILY - Colonial - BALTIMORE, MD

Property Features for 1115 N CALVERT Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Three-Story Office Building

Established Bar and Lounge Opportunity

Historic Office Building Near Harbor

Mixed-Use Property on Harford Road

Multifamily Investment in Overlea, Baltimore

Medical/Dental Office Condo For Sale

Highlandtown Mixed-Use Property For Sale

Mixed-Use Property with Development Potential

Turn-Key Multifamily Investment Opportunity

Glass and Granite Office Building

Mixed-Use Property on Harford Road

Retail Business Opportunity in Baltimore

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