Updated Red-Brick
For Sale
$599,900
2017 SAINT PAUL ST, Baltimore, MD 21218
Four apartments offer refreshed kitchens, baths, flooring, windows, and full private living spaces.
Property Size3,204 SF
Price / SF$187.23
Days on Market49
Property Features for 2017 SAINT PAUL ST
General Information
Standard status
Active
Size
3,204 SF
Property subtype
Multi-family
Additional Details
Public Transit
Yes
Multifamily Units
4
Building Details
Buildings
1
Construction
brick
Listing Agency:
Ghimire Homes
(410) 497-5238
Listed By:
Taryn Dunnaville · License #508971
(410) 382-7562
Source:
Careyrealtygroup
Added: Sep 1
Changed: Oct 7
Last Checked: Oct 16 at 9:01AM
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 Ghimire Homes
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Investment Insights
Based on property information with market context.
This end-of-group quadplex at 2017 Saint Paul St features red-brick construction, four apartments, and updated interiors throughout. Improvements include newer kitchens, bathrooms, flooring, and windows. Each residence has a full kitchen, full bathroom, spacious rooms, and strong separation from the other units. Above-ground apartments also benefit from tall ceilings. Security bars and doors, along with individual metering for each unit, add practical operating features. The roof was tarred in March 2026.
The property is positioned just blocks from a train station and near multiple public transportation routes. Its Baltimore location is identified as 2017 Saint Paul St, Baltimore, MD 21218. The combination of four-unit scale, refreshed apartment finishes, brick construction, and transit proximity provides a clearly defined multifamily asset for a buyer evaluating an urban residential property.
The property is positioned just blocks from a train station and near multiple public transportation routes. Its Baltimore location is identified as 2017 Saint Paul St, Baltimore, MD 21218. The combination of four-unit scale, refreshed apartment finishes, brick construction, and transit proximity provides a clearly defined multifamily asset for a buyer evaluating an urban residential property.
Key Highlights
- Four‑unit end‑of‑group multifamily property with red‑brick construction
- Apartments updated with newer kitchens, bathrooms, flooring, and windows
- Each unit includes a full kitchen, full bath, and spacious rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,668
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,360
$833.4K
Cap Rate 7%
$595,257
$595.3K
Cap Rate 9%
$462,978
$463.0K
Market Conditions
NOI Build-Up for 3,204 SF
Gross rent
$63.4K $19.80/SF
− Vacancy
−$3.9K −$1.22/SF
EGI
$59.5K $18.58/SF
− OpEx
−$17.9K −$5.57/SF
NOI
$41.7K $13.00/SF
Area
ZIP 21218
Vacancy
6.17%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,360
Cap Rate 7%
$595,257
Cap Rate 9%
$462,978
Alternative Uses
Best Use
Multifamily LT 5
$595.3K
$520.9K – $694.5K
NOI $41,668 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$531.0K
$464.6K – $619.5K
NOI $37,171 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$871.1K
$762.2K – $1.02M
NOI $60,979 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,956
Businesses Nearby
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Business Placement
Demographics for 21218, MD
46,238
Population
21,751
Households
2.1
Avg Household Size
34
Median Age
44%
College-Educated
90%
High-School Grad
4.3 sq mi
ZIP Area
10,753
Density / Sq Mi
$58,378
Median Household Income
$38,316
Median Earnings
$1,239
Median Rent
$229,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments offer refreshed kitchens, baths, flooring, windows, and full private living spaces.
Where is this quadplex located?
The property is located at 2017 SAINT PAUL ST Baltimore, MD.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Four‑unit end‑of‑group multifamily property with red‑brick construction; Apartments updated with newer kitchens, bathrooms, flooring, and windows; Each unit includes a full kitchen, full bath, and spacious rooms
