Mixed-Use 5-Unit
For Sale
$650,000
2414 Saint Paul Street, Baltimore, MD 21218
Fully occupied 5-unit property combines four renovated residences with a separately entered behavioral health office.
Property Size3,476 SF
Price / SF$186
Days on Market77
Property Features for 2414 Saint Paul Street
General Information
Standard status
Active
Size
3,476 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Multifamily Units
4
Office Units
1
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
(443) 413-9241
Listed By:
Keller Williams Flagship
(443) 413-9241
Source:
Xome
Added: May 15
Changed: Jul 10
Last Checked: Jul 30 at 2:54AM
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 Keller Williams Flagship
Investment Insights
Based on property information with market context.
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.
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.
Key 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
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
NOI $52,057 @ 7.0% cap · market cap 8.01%
Second Best
Healthcare Medical
$707.9K
$619.4K – $825.9K
NOI $49,554 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$945.1K
$826.9K – $1.10M
NOI $66,155 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,790
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Baltimore, MD
Questions? Ask Rey
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Frequently Asked Questions
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
