Four-Unit Apartment
1816 SAINT PAUL STREET Baltimore, MD 21202
New
1816 SAINT PAUL STREET, Baltimore, MD, 21202
$435,000
For Sale
$435,000
Four-unit, all-electric building with individually controlled HVAC, on-site coin laundry, and two rear off-street parking spaces.
Property Size2,397 SF
Price / SF$181.48
Days on Market6
Property Features for 1816 SAINT PAUL STREET
General Information
- Standard status
- Active
- Size
- 2,397 SF
- Property subtype
- Quadruplex
Building Details
- Year Built
- 1890
Listing Agency
Ben Frederick Realty, Inc.
(410) 235-5200
Listed by
Thomas H Fair
(410) 235-5200
Source
Cummingsrealtors
Added: Jul 14 Checked: Jul 19 at 4:19 am
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 Ben Frederick Realty, Inc.
Investment Insights
Based on property information with market context.
1816 Saint Paul Street is a four-unit apartment building featuring three one-bedroom apartments and one studio apartment. The building is all-electric and certified Lead-Free, with individually controlled heating and cooling in each unit. Additional onsite amenities include coin-operated laundry, and there are two rear off-street parking spaces.
The property is located in Baltimore’s Charles North area, positioned between Charles Village and Midtown. It is approximately three blocks from Penn Station and about one block south of the Station North Arts & Entertainment District, with the University of Baltimore roughly four blocks away. Public transportation and nearby employers, restaurants, entertainment, and higher education are within close reach.
As currently configured, the mix of unit types supports an in-place rental stream, with each apartment operating independently thanks to the individually controlled HVAC systems.
The property is located in Baltimore’s Charles North area, positioned between Charles Village and Midtown. It is approximately three blocks from Penn Station and about one block south of the Station North Arts & Entertainment District, with the University of Baltimore roughly four blocks away. Public transportation and nearby employers, restaurants, entertainment, and higher education are within close reach.
As currently configured, the mix of unit types supports an in-place rental stream, with each apartment operating independently thanks to the individually controlled HVAC systems.
Key Highlights
- Four‑unit all‑electric apartment building built in 1890
- Unit mix: three 1‑bedroom apartments and one studio apartment
- Individually controlled heating and cooling in each apartment
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 | $53.2k | $22.20 |
| − Vacancy | −$2.9k | −$1.22 |
| EGI | $50.3k | $20.98 |
| − OpEx | −$15.1k | −$6.29 |
| NOI | $35.2k | $14.69 |
2,397 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$502.9K
$440.0K – $586.7K
NOI $35,201 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$446.1K
$390.4K – $520.5K
NOI $31,229 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$574.3K
$502.5K – $670.0K
NOI $40,198 @ 7.0% cap · market cap 9.24%
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 - Four-unit, all-electric building with individually controlled HVAC, on-site coin laundry, and two rear off-street parking spaces.
Where is this quadplex located?
The property is located at 1816 SAINT PAUL STREET Baltimore, MD.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Four‑unit all‑electric apartment building built in 1890; Unit mix: three 1‑bedroom apartments and one studio apartment; Individually controlled heating and cooling in each apartment
