Turnkey Renovated 4-Unit
1805 SAINT PAUL STREET Baltimore, MD 21202
New
1805 SAINT PAUL STREET, Baltimore, MD, 21202
$765,000
For Sale
$765,000
Renovated in 2021 and zoned for four units, with separate utilities, private laundry, and on-site parking pad.
Property Size3,780 SF
Price / SF$202.38
Days on Market7
Property Features for 1805 SAINT PAUL STREET
General Information
- Standard status
- Active
- Size
- 3,780 SF
- Property subtype
- Quadruplex
Building Details
- Year Built
- 1890
Listing agency
Cummings & Co. Realtors
(443) 604-5875
Listed by
Jamie L Koehler
(443) 604-5875
Source
Cummingsrealtors
Added: Jul 16 Updated: Jul 21 at 8:54AM Checked: Jul 21 at 8:54AM
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 Cummings & Co. Realtors
Investment Insights
Based on property information with market context.
This renovated four-unit property (zoned as a 4-unit building) was updated in 2021 and is offered turnkey. The building is separately metered, and each unit has its own HVAC system and water heater, plus a stackable washer and dryer. Interiors include abundant natural light, durable LVP flooring, well-appointed bathrooms, and kitchens with quartz countertops, garbage disposals, upscale cabinetry, and stainless steel appliances. Each unit provides direct access to either an outdoor patio or a balcony deck.
Unit 1 is a basement 1-bedroom/1-bath currently rented, with direct access to the rear patio. Units 2 and 3 are 2-bedroom/2-bath apartments that are vacant and rent-ready, with Unit 2 offering direct patio access and Unit 3 featuring a private balcony deck. Unit 4 is the top-level 1-bedroom/1-bath currently rented.
A rear parking pad can accommodate 1–2 cars and is currently unrented. Building systems include a sump pump, fire alarm system, and sprinkler system, and there are written leases for the two occupied units, limited lead-free lead certificates, a rental license, and a Use & Occupancy permit. The property is also noted as eligible for the CHAP tax credit through 2031.
Unit 1 is a basement 1-bedroom/1-bath currently rented, with direct access to the rear patio. Units 2 and 3 are 2-bedroom/2-bath apartments that are vacant and rent-ready, with Unit 2 offering direct patio access and Unit 3 featuring a private balcony deck. Unit 4 is the top-level 1-bedroom/1-bath currently rented.
A rear parking pad can accommodate 1–2 cars and is currently unrented. Building systems include a sump pump, fire alarm system, and sprinkler system, and there are written leases for the two occupied units, limited lead-free lead certificates, a rental license, and a Use & Occupancy permit. The property is also noted as eligible for the CHAP tax credit through 2031.
Key Highlights
- Renovated in 2021; year built 1890; zoned as a 4‑unit building in Baltimore’s Art District/Station North.
- Each unit is separately metered with its own HVAC system, water heater, and stackable washer/dryer.
- Income details: Unit 1 basement 1BR/1BA rented for $1,375; Unit 4 top 1BR/1BA rented for $1,500; Units 2 & 3 (2BR/2BA) are vacant and rent‑ready.
Local Financial Insights For Multifamily LT 5
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 | $83.9k | $22.20 |
| − Vacancy | −$4.6k | −$1.22 |
| EGI | $79.3k | $20.98 |
| − OpEx | −$23.8k | −$6.29 |
| NOI | $55.5k | $14.69 |
3,780 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$793.0K
$693.9K – $925.2K
NOI $55,510 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$703.5K
$615.6K – $820.8K
NOI $49,247 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$905.6K
$792.4K – $1.06M
NOI $63,391 @ 7.0% cap · market cap 8.29%
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 - Renovated in 2021 and zoned for four units, with separate utilities, private laundry, and on-site parking pad.
Where is this quadplex located?
The property is located at 1805 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: Renovated in 2021; year built 1890; zoned as a 4‑unit building in Baltimore’s Art District/Station North.; Each unit is separately metered with its own HVAC system, water heater, and stackable washer/dryer.; Income details: Unit 1 basement 1BR/1BA rented for $1,375; Unit 4 top 1BR/1BA rented for $1,500; Units 2 & 3 (2BR/2BA) are vacant and rent‑ready.
