Multifamily Building with
1115 North Calvert Street Baltimore, MD 21202
1115 North Calvert Street, Baltimore, MD, 21202
$725,000
For Sale
$725,000
Four 1-bedroom units plus a top-level studio; recent HVAC and water heater updates and parking available onsite.
Property Size3,640 SF
Price / SF$199.18
Days on Market125
Property Features for 1115 North Calvert Street
General Information
- Standard status
- Active
- Size
- 3,640 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
Evergreen Properties
(202) 255-6632
Listed by
Hardeep K Sran · License #601209
(202) 255-6632
Source
Compass
Added: Mar 21 Updated: Jul 22 at 5:25PM Checked: Jul 22 at 5:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Evergreen Properties
Investment Insights
Based on property information with market context.
This multifamily apartment building offers four 1-bedroom units plus a top-level studio with a private full bath. Three units are currently occupied, with Unit 1 and the loft vacant. The ground floor and first floor have been recently renovated, including a new HVAC system and a water heater that is approximately two years old.
Showings require 24-hour notice and, with multiple tenants, please call the listing agent. The property is in Baltimore City limits and provides private parking along with additional street parking.
The current revenue is stated as $4,000 per month from three occupied units, with projected market-rate rents estimated at approximately $6,500 per month.
Showings require 24-hour notice and, with multiple tenants, please call the listing agent. The property is in Baltimore City limits and provides private parking along with additional street parking.
The current revenue is stated as $4,000 per month from three occupied units, with projected market-rate rents estimated at approximately $6,500 per month.
Key Highlights
- Four 1‑bedroom units plus a top‑level studio with a private full bath
- Currently generating $4,000/month from three occupied units; Unit 1 and the loft are vacant
- Recently renovated ground floor and first floor with new HVAC and a 2‑year‑old water heater
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 | $91.7k | $25.20 |
| − Vacancy | −$5.5k | −$1.51 |
| EGI | $86.2k | $23.69 |
| − OpEx | −$38.8k | −$10.66 |
| NOI | $47.4k | $13.03 |
3,640 SF · lease $25.20/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$677.5K
$592.8K – $790.4K
NOI $47,423 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$872.0K
$763.0K – $1.02M
NOI $61,043 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Four 1-bedroom units plus a top-level studio; recent HVAC and water heater updates and parking available onsite.
Where is this apartment building located?
The property is located at 1115 North 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: Four 1‑bedroom units plus a top‑level studio with a private full bath; Currently generating $4,000/month from three occupied units; Unit 1 and the loft are vacant; Recently renovated ground floor and first floor with new HVAC and a 2‑year‑old water heater
