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    Mixed-Use 5-Unit Building Title is generated by Realmo AI

    2414 Saint Paul Street, Baltimore, MD 21218

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    For Sale
    $650,000

    Fully occupied 5-unit property combines four renovated residences with a separately entered behavioral health office.

    Type:Multi-Family
    Property size:
    3,476 SF
    Price / SF:
    $186/SF
    Added:
    May 23, 2026
    Days on Market:
    24
    Last Refresh:
    Jun 15 at 6:46 am

    Property Features for 2414 Saint Paul Street

    General Information

    Standard status
    Active
    Size
    3,476 SF
    Property subtype
    Multi-Family

    Building Details

    Year Built
    1900

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    Listing Contact
    Keller Williams Flagship

    Listing agent Keller Williams Flagship

    Listing office

    Listing date May 23, 2026

    Source Xome

    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 Flagship

    HighLights

    • Fully occupied 5‑unit building at 2414 St Paul St, Baltimore City
    • 4 residential units plus 1 commercial unit (behavioral health office) with separate entrance
    • Residential units have private entrances and include laminate flooring
    • Building and all units were fully renovated over the past few years
    • Central air cooling; heating listed as “3”
    • Zoned C‑1 with on‑street parking

    Overview

    This fully occupied 5-unit building offers a mix of residential and commercial space. The property includes four residential units and one commercial unit described as a behavioral health office. The building has been fully renovated over the past few years, and all units feature laminate flooring. The commercial unit has its own entrance, and the upstairs apartments also have a private entrance, supporting separation of access between uses.

    Located at 2414 Saint Paul Street in Baltimore City’s arts district, the property is positioned for day-to-day usability of both residents and the on-site business. The listing presents the building as a single asset with distinct entry points for the ground-floor commercial space and the residential units above.

    For buyers looking for a multi-tenant setup, this configuration provides four residential units plus a dedicated commercial component within one renovated building. The separate entrances can help prospective operators and investors manage the property’s combined use under one roof while maintaining distinct customer and resident access. The current occupancy status and recent renovations are central to the appeal for long-term ownership.

    Local Financial Insights For Office B

    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 $83.4k $24.00
    − Vacancy −$14.0k −$4.03
    EGI $69.4k $19.97
    − OpEx −$17.4k −$4.99
    NOI $52.1k $14.98
    3,476 SF · lease $24.00/SF/yr · vacancy 16.80% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $743.7K
    $650.7K – $867.6K (±1% cap)
    NOI $52,057 @ 7.0% cap · market cap 8.01%
    Second Best
    Healthcare Medical
    $707.9K
    $619.4K – $825.9K (±1% cap)
    NOI $49,554 @ 7.0% cap · market cap 7.62%
    Theoretical Best
    Office A
    $945.1K
    $826.9K – $1.10M (±1% cap)
    NOI $66,155 @ 7.0% cap · market cap 10.18%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6155872
    Latitude
    39.3168326

    FAQs

    What type of property is this?
    Apartment building - Fully occupied 5-unit property combines four renovated residences with a separately entered behavioral health office.
    Where is this apartment building located?
    The property is located at 2414 Saint Paul Street Baltimore, MD.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Fully occupied 5‑unit building at 2414 St Paul St, Baltimore City; 4 residential units plus 1 commercial unit (behavioral health office) with separate entrance; Residential units have private entrances and include laminate flooring
    More about this property
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