2106 Saint Paul St Baltimore, MD 21218
Fully occupied 7-unit property with income growth potential.
Property Features for 2106 Saint Paul St
General Information
- Property type
- Investment
- Standard status
- Active
Building Details
- Year built
- 1883
Source:
Elliman
Listing Agency: MIDFIELD REALTY Listing Agent: Yaakov Kanevsky
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Multifamily Asset in Charles Village
The property at 2106 St. Paul Street is a fully occupied 7-unit multifamily asset. It offers a stable and predictable income profile over a five-year hold. The gross rental income is projected to increase from $103,979 in Year 1 to $121,640 by Year 5, based on a conservative 4% annual rent growth assumption. Operating expenses are expected to rise from $41,592 to $48,656, while the Net Operating Income increases from $62,387 to $72,984. Over this period, the capitalization rate improves from 8.10% to 9.48%, highlighting the property’s durability and income growth potential. The seller is offering attractive seller financing, allowing buyers to reduce upfront capital requirements, improve cash-on-cash returns, and secure more flexible terms than traditional financing. The property includes coin-operated laundry for additional income and rear parking slots available, providing operational and revenue benefits. Located in Charles Village, the property has a Walk Score® of 96, indicating that most daily services and amenities are accessible on foot, with proximity to public transportation and established commercial corridors.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.6154367
- Latitude
- 39.3135678
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully occupied 7-unit property with income growth potential.
Where is this apartment building located?
The property is located at 2106 Saint Paul St Baltimore, MD.
What is the asking price?
The asking price for this property is $770,000.
What are key features of this property?
This property features: - Attractive seller financing available, reducing upfront capital and improving cash-on-cash returns.; - Stable, fully occupied 7-unit multifamily asset with predictable income profile.; - Net Operating Income projected to increase from $62,387 to $72,984 over five years.
