4-Unit Quadplex with Updated
New
For Sale
$725,000
1800 N CALVERT STREET, Baltimore, MD 21202
All four apartments are tenant occupied and separately metered, with three units featuring recent interior improvements.
Property Size3,728 SF
Days on Market7
Property Features for 1800 N CALVERT STREET
General Information
Standard status
Active
Size
3,728 SF
Property subtype
Quadruplex
Occupancy
100%
Site & Location
Neighborhood
Greenmount West
Public Transit
Yes
Units
Multifamily Units
4
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$11,118
Building Details
Building Size
3,728 SF
Year Built
1890
Listing Agency:
Keller Williams Capital Properties
Listed By:
Lindsay Chapman · License #0644564
(240) 644-4052
Source:
Thehulsmangroup
Added: Oct 24
Changed: Oct 29
Last Checked: Oct 28 at 5:57PM
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 Keller Williams Capital Properties
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Investment Insights
Based on property information with market context.
This 3,728-square-foot quadplex, built in 1890, contains four tenant-occupied, separately metered apartments. Units 1, 2, and 3 have updated finishes, including granite or quartz counters, stainless steel appliances, and LVP flooring; each also has an in-unit washer and dryer. Unit 3 is a two-bedroom apartment on the top floor, while Unit 2 includes a windowed bonus room and a separate office. Unit 1 has a private deck, and the street-level Unit 4 opens to a private patio. A detached storage structure sits behind the building.
The property is a few blocks from Penn Station and near Johns Hopkins, the University of Baltimore, MICA, and Baltimore’s Inner Harbor. The neighborhood also has an annual Special Benefits Tax supporting safety and sanitization services.
The property is a few blocks from Penn Station and near Johns Hopkins, the University of Baltimore, MICA, and Baltimore’s Inner Harbor. The neighborhood also has an annual Special Benefits Tax supporting safety and sanitization services.
Key Highlights
- Four tenant‑occupied apartments, each separately metered
- 3,728 square feet; built in 1890
- Units 1–3 have updated counters, stainless steel appliances, and LVP flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,747
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,094,940
$1.1M
Cap Rate 7%
$782,100
$782.1K
Cap Rate 9%
$608,300
$608.3K
Market Conditions
NOI Build-Up for 3,728 SF
Gross rent
$82.8K $22.20/SF
− Vacancy
−$4.6K −$1.22/SF
EGI
$78.2K $20.98/SF
− OpEx
−$23.5K −$6.29/SF
NOI
$54.7K $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%
$1,094,940
Cap Rate 7%
$782,100
Cap Rate 9%
$608,300
Alternative Uses
Best Use
Multifamily LT 5
$782.1K
$684.3K – $912.5K
NOI $54,747 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$693.9K
$607.1K – $809.5K
NOI $48,570 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$893.1K
$781.5K – $1.04M
NOI $62,519 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,378
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
Frequently Asked Questions
What type of property is this?
Quadplex - All four apartments are tenant occupied and separately metered, with three units featuring recent interior improvements.
Where is this quadplex located?
The property is located at 1800 N CALVERT STREET Baltimore, MD.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Four tenant‑occupied apartments, each separately metered; 3,728 square feet; built in 1890; Units 1–3 have updated counters, stainless steel appliances, and LVP flooring
