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Renovated 4-Unit Apartment Building
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1602 Cypress Street, Baltimore, MD 21226

Four recently renovated apartments feature in-unit stacked washer/dryer, tenant-paid utilities, and off-street parking.

Days on Market100

Property Features for 1602 Cypress Street

General Information

Standard status Active
Total Parking Spaces 3
Property subtype Multifamily
Occupancy 75%

Additional Details

Cap Rate 9.34%
Multifamily Units 4

Building Details

Tenancy Multi
Listing Agency: Ben Frederick Realty
Listed By: Will Cannon · License #MD
Source: Crexi
Added: Apr 24 Changed: Jul 20 Last Checked: Jul 23 at 10:51AM

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 Ben Frederick Realty

Investment Insights

Based on property information with market context.

This Curtis Bay 4-unit apartment building includes four apartments that have been thoughtfully renovated with updated finishes for today’s renters. Each unit features quartz counters, wood cabinets, and stainless-steel appliances, including refrigerators, 30" electric ranges, garbage disposals, and built-in microwaves. Bathrooms include modern vanities, steel tubs, and ceramic-tile surrounds, and one apartment is fully ADA-compliant with a roll-under sink, barrier-free shower with grab bars, and an exterior ramp for wheelchair access. Interior updates include drywall walls and ceilings, vinyl plank flooring in living areas and kitchens, and ceramic tile in baths. Each apartment also has its own stacked washer and dryer.

The building is operated with separately metered electric service, with five electric meters total—one per apartment plus a public service meter—supporting tenant-paid electricity. The landlord bills tenants back for public service electric and City water. Building systems include four 2023 electric heat pumps for heating and central air conditioning and four 2023 electric water heaters.

Three off-street parking spaces add convenience for tenants. The property at 1602 Cypress is Limited Lead-Free. Three of four apartments are rented at $1,300–$1,400 per month. The location provides close reach to the Port of Baltimore, Amazon distribution centers, and Tradepoint Atlantic.

Key Highlights

  • 4‑unit Curtis Bay apartment building with four recently renovated apartments
  • Each unit has a stacked washer/dryer and updated vinyl plank flooring and ceramic‑tile bathrooms
  • Kitchens feature quartz counters, wood cabinets, and stainless‑steel appliances including refrigerators and built‑in microwaves

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Hair Salon Restaurant Pharmacy Parking Lot & Garage HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
75%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

265
Businesses Nearby

Demographics for 21226, MD

7,368
Population
3,093
Households
2.4
Avg Household Size
37
Median Age
34%
College-Educated
87%
High-School Grad
9.8 sq mi
ZIP Area
752
Density / Sq Mi
$79,712
Median Household Income
$52,750
Median Earnings
$1,338
Median Rent
$318,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four recently renovated apartments feature in-unit stacked washer/dryer, tenant-paid utilities, and off-street parking.
Where is this quadplex located?
The property is located at 1602 Cypress Street Baltimore, MD.
What are key features of this property?
This property features: 4‑unit Curtis Bay apartment building with four recently renovated apartments; Each unit has a stacked washer/dryer and updated vinyl plank flooring and ceramic‑tile bathrooms; Kitchens feature quartz counters, wood cabinets, and stainless‑steel appliances including refrigerators and built‑in microwaves
(410) 235-9500 Call to check price and availability
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