Updated Quadplex with Mixed Unit
For Sale
$585,000
1708 MCCULLOH ST, Baltimore, MD 21217
Four-unit residential property with varied floor plans and separate electrical metering capacity.
Property Size4,000 SF
Price / SF$146.25
Days on Market54
Property Features for 1708 MCCULLOH ST
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Bolton Hill
Units
Unit Mix
2 x 3BR/2BA, 2 x 2BR/1BA
Multifamily Units
4
Listing Agency:
Spotlight Realty
(800) 460-1566
Listed By:
Teresa Craig · License #507963
(301) 742-4813
Source:
Hostetterrealty
Added: Sep 7
Changed: Oct 25
Last Checked: Oct 30 at 1:44PM
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 Spotlight Realty
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Investment Insights
Based on property information with market context.
This Baltimore quadplex contains 4,000 square feet and offers a balanced unit mix: two residences with 3 bedrooms and 2 bathrooms each, along with two 2-bedroom, 1-bathroom residences. The property is described as updated, providing a range of layouts within one multifamily asset.
Located at 1708 McCulloh St in Baltimore, the building has 2 electrical meters and can support individual metering. The combination of multiple unit configurations and existing electrical infrastructure provides a clearly defined operating setup for a four-unit property.
Located at 1708 McCulloh St in Baltimore, the building has 2 electrical meters and can support individual metering. The combination of multiple unit configurations and existing electrical infrastructure provides a clearly defined operating setup for a four-unit property.
Key Highlights
- Four‑unit quadplex with 4,000 square feet
- Two 3‑bedroom, 2‑bathroom units
- Two 2‑bedroom, 1‑bathroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,114
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,042,280
$1.0M
Cap Rate 7%
$744,486
$744.5K
Cap Rate 9%
$579,044
$579.0K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$100.8K $25.20/SF
− Vacancy
−$6.0K −$1.51/SF
EGI
$94.8K $23.69/SF
− OpEx
−$42.6K −$10.66/SF
NOI
$52.1K $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%
$1,042,280
Cap Rate 7%
$744,486
Cap Rate 9%
$579,044
Alternative Uses
Best Use
Multifamily LT 5
$839.2K
$734.3K – $979.0K
NOI $58,741 @ 7.0% cap · market cap 10.04%
Second Best
Apartment 5plus
$744.5K
$651.4K – $868.6K
NOI $52,114 @ 7.0% cap · market cap 8.91%
Theoretical Best
Office A
$958.3K
$838.5K – $1.12M
NOI $67,080 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,968
Businesses Nearby
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Business Placement
Demographics for 21217, MD
30,448
Population
20,064
Households
1.5
Avg Household Size
38
Median Age
22%
College-Educated
83%
High-School Grad
2.1 sq mi
ZIP Area
14,499
Density / Sq Mi
$37,207
Median Household Income
$40,668
Median Earnings
$1,065
Median Rent
$175,900
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property with varied floor plans and separate electrical metering capacity.
Where is this quadplex located?
The property is located at 1708 MCCULLOH ST Baltimore, MD.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Four‑unit quadplex with 4,000 square feet; Two 3‑bedroom, 2‑bathroom units; Two 2‑bedroom, 1‑bathroom units
