Four-Unit Residential Income
1708 MCCULLOH Street Baltimore, MD 21217
1708 MCCULLOH Street, Baltimore, MD, 21217
$585,000
For Sale
$585,000
MULTI_FAMILY - Federal - BALTIMORE, MD
Property Size4,000 SF
Lot Size0.05 Acres
Price / SF$146.25
Days on Market24
Property Features for 1708 MCCULLOH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Interior features
- Floor Plan - Open
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5650
Utilities
- Heating system
- Forced Air
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1920
- Number of units
- 4
- Building materials
- Brick
- Architectural style
- Federal
Listing Agency
Spotlight Realty
(800) 460-1566
14824 Lake Terrace, Rockville, MD
Listed by
Teresa Craig · License #507963
(301) 742-4813
Added: Jun 24 Checked: Jul 17 at 4:06 am
MLS# MDBA2220086
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit residential income property consists of two 3-bedroom, 2-bathroom units and two 2-bedroom, 1-bathroom units. The property is described as having updated condition and more than $72,000 in annual gross income, with operating expenses noted for insurance, water, and management.
The building has two electrical meters, which may allow the units to be individually metered.
The listed expense items include $1,700 for insurance, $2,400 for water, and $7,200 per year for management, supporting the provided annual gross income and projected expense figures.
The building has two electrical meters, which may allow the units to be individually metered.
The listed expense items include $1,700 for insurance, $2,400 for water, and $7,200 per year for management, supporting the provided annual gross income and projected expense figures.
Key Highlights
- Federal‑style brick property built in 1920
- Includes open floor plan interiors
- Heating: forced air; cooling: window unit(s)
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 | $100.8k | $25.20 |
| − Vacancy | −$6.0k | −$1.51 |
| EGI | $94.8k | $23.69 |
| − OpEx | −$42.6k | −$10.66 |
| NOI | $52.1k | $13.03 |
4,000 SF · lease $25.20/SF/yr · vacancy 6.00% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Quadplex featuring two 3BR/2BA and two 2BR/1BA units, with separate electrical metering.
Where is this quadplex located?
The property is located at 1708 MCCULLOH Street 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: Federal‑style brick property built in 1920; Includes open floor plan interiors; Heating: forced air; cooling: window unit(s)
