Duplex with Leased
New
For Sale
$520,000
2619 SAINT PAUL STREET, Baltimore, MD 21218
Two residences are leased through 2027, providing current rental income from the property.
Property Size2,784 SF
Price / SF$186.78
Days on Market4
Property Features for 2619 SAINT PAUL STREET
General Information
Standard status
Active
Size
2,784 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
FAB Realty LLC
(443) 336-5623
Listed By:
Krystal Ann Lawton · License #679239
(443) 561-7570
Source:
Cummingsrealtors
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 11 at 7:52AM
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 FAB Realty LLC
Investment Insights
Based on property information with market context.
This duplex contains two residential units within a 2,784-square-foot property built in 1900. Both units are occupied and leased through 2027, with showings arranged by appointment and at least 48 hours’ notice.
Johns Hopkins University is within walking distance. Public transportation, JHU shuttle stops, shops, restaurants, and neighborhood amenities are also nearby.
Johns Hopkins University is within walking distance. Public transportation, JHU shuttle stops, shops, restaurants, and neighborhood amenities are also nearby.
Key Highlights
- Two residential units, both leased through 2027
- 2,784‑square‑foot property built in 1900
- Within walking distance of Johns Hopkins University
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,205
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$724,100
$724.1K
Cap Rate 7%
$517,214
$517.2K
Cap Rate 9%
$402,278
$402.3K
Market Conditions
NOI Build-Up for 2,784 SF
Gross rent
$55.1K $19.80/SF
− Vacancy
−$3.4K −$1.22/SF
EGI
$51.7K $18.58/SF
− OpEx
−$15.5K −$5.57/SF
NOI
$36.2K $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%
$724,100
Cap Rate 7%
$517,214
Cap Rate 9%
$402,278
Alternative Uses
Best Use
Multifamily LT 5
$517.2K
$452.6K – $603.4K
NOI $36,205 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$461.4K
$403.7K – $538.3K
NOI $32,299 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$756.9K
$662.3K – $883.1K
NOI $52,985 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,886
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences are leased through 2027, providing current rental income from the property.
Where is this duplex located?
The property is located at 2619 SAINT PAUL STREET Baltimore, MD.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Two residential units, both leased through 2027; 2,784‑square‑foot property built in 1900; Within walking distance of Johns Hopkins University
