4-Unit Apartment
New
For Sale
$765,000
1710 SAINT PAUL STREET, Baltimore, MD 21202
Recent improvements include refreshed interiors in most apartments and new air-conditioning systems and water heaters throughout.
Property Size4,038 SF
Price / SF$189.45
Days on Market4
Property Features for 1710 SAINT PAUL STREET
General Information
Standard status
Active
Size
4,038 SF
Property subtype
Quadruplex
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
4
Building Details
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
AB & Co Realtors, Inc.
(443) 275-7188
Listed By:
Thomas Penn Williams · License #677723
(202) 302-6860
Source:
Cummingsrealtors
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 4 at 9:20AM
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 AB & Co Realtors, Inc.
Investment Insights
Based on property information with market context.
This four-unit apartment property, built in 1900, has received substantial improvements in recent years. About three and a half apartments have updated interiors, and all four air-conditioning systems and all four water heaters have been replaced. The unit mix comprises three two-bedroom, one-bath apartments and one one-bedroom, one-bath apartment.
The building is less than a block from Baltimore Penn Station, with access to Amtrak, MARC, and Light Rail. The Station North Arts & Entertainment District is nearby, and connections extend to downtown Baltimore, Johns Hopkins, the University of Baltimore, and destinations along the Northeast Corridor.
Three apartments are rented, and the property is tenant occupied. A rent roll and additional property information are available upon request.
The building is less than a block from Baltimore Penn Station, with access to Amtrak, MARC, and Light Rail. The Station North Arts & Entertainment District is nearby, and connections extend to downtown Baltimore, Johns Hopkins, the University of Baltimore, and destinations along the Northeast Corridor.
Three apartments are rented, and the property is tenant occupied. A rent roll and additional property information are available upon request.
Key Highlights
- Four apartments: three 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- Approximately 3.5 of the 4 apartments have renovated interiors
- All 4 air‑conditioning systems and all 4 water heaters have been replaced
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,299
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,185,980
$1.2M
Cap Rate 7%
$847,129
$847.1K
Cap Rate 9%
$658,878
$658.9K
Market Conditions
NOI Build-Up for 4,038 SF
Gross rent
$89.6K $22.20/SF
− Vacancy
−$4.9K −$1.22/SF
EGI
$84.7K $20.98/SF
− OpEx
−$25.4K −$6.29/SF
NOI
$59.3K $14.69/SF
Area
Baltimore, MD
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,185,980
Cap Rate 7%
$847,129
Cap Rate 9%
$658,878
Alternative Uses
Best Use
Multifamily LT 5
$847.1K
$741.2K – $988.3K
NOI $59,299 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$751.6K
$657.6K – $876.8K
NOI $52,609 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$967.4K
$846.5K – $1.13M
NOI $67,717 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,263
Businesses Nearby
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Business Placement
Demographics for 21202, MD
22,247
Population
12,731
Households
1.7
Avg Household Size
33
Median Age
48%
College-Educated
86%
High-School Grad
1.6 sq mi
ZIP Area
13,904
Density / Sq Mi
$61,578
Median Household Income
$53,609
Median Earnings
$1,497
Median Rent
$307,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Recent improvements include refreshed interiors in most apartments and new air-conditioning systems and water heaters throughout.
Where is this quadplex located?
The property is located at 1710 SAINT PAUL STREET Baltimore, MD.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Four apartments: three 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Approximately 3.5 of the 4 apartments have renovated interiors; All 4 air‑conditioning systems and all 4 water heaters have been replaced
