Four-Unit Apartment
New
For Sale
$430,000
2704 N CALVERT STREET, Baltimore, MD 21218
Occupied one-bedroom apartments offer current rental income alongside phased renovation potential.
Property Size2,774 SF
Days on Market6
Property Features for 2704 N CALVERT STREET
General Information
Standard status
Active
Size
2,774 SF
Total Parking Spaces
1
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
4 x 1BR
Multifamily Units
4
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,545
Building Details
Building Size
2,774 SF
Year Built
1900
Buildings
1
Listing Agency:
Ben Frederick Realty, Inc.
Listed By:
Will A Cannon III · License #657102
(410) 916-3331
Source:
Thehulsmangroup
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 11 at 1:13PM
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.
This four-unit apartment property contains one-bedroom apartments, all currently occupied. Interior condition varies: two kitchens feature updated cabinetry and countertops, while the others retain a mix of wood and metal cabinets. Unit finishes include plaster walls and ceilings, hardwood or vinyl flooring, and bathrooms with either wall-mounted sinks or vanities. A central gas-fired boiler serves steam radiators, and a 40-gallon gas-fired water heater was installed in 2021. Separate electric and gas meters serve the building; tenants pay in-unit gas and electric, while the owner covers heat, hot water, and water and sewer service.
Built in 1900, the property is in Charles Village near Johns Hopkins University, neighborhood retail and dining, and public transportation. A wood fire escape at the rear is shared with 2702 North Calvert Street. Improvements can be approached over time while the apartments remain occupied, subject to future leasing and renovation plans.
Built in 1900, the property is in Charles Village near Johns Hopkins University, neighborhood retail and dining, and public transportation. A wood fire escape at the rear is shared with 2702 North Calvert Street. Improvements can be approached over time while the apartments remain occupied, subject to future leasing and renovation plans.
Key Highlights
- Four occupied one‑bedroom apartments
- Two kitchens have updated cabinets and countertops
- Central gas‑fired boiler with steam radiator heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,075
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,500
$721.5K
Cap Rate 7%
$515,357
$515.4K
Cap Rate 9%
$400,833
$400.8K
Market Conditions
NOI Build-Up for 2,774 SF
Gross rent
$54.9K $19.80/SF
− Vacancy
−$3.4K −$1.22/SF
EGI
$51.5K $18.58/SF
− OpEx
−$15.5K −$5.57/SF
NOI
$36.1K $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%
$721,500
Cap Rate 7%
$515,357
Cap Rate 9%
$400,833
Alternative Uses
Best Use
Multifamily LT 5
$515.4K
$450.9K – $601.3K
NOI $36,075 @ 7.0% cap · market cap 8.39%
Second Best
Apartment 5plus
$459.8K
$402.3K – $536.4K
NOI $32,183 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$754.2K
$659.9K – $879.9K
NOI $52,795 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,471
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Occupied one-bedroom apartments offer current rental income alongside phased renovation potential.
Where is this quadplex located?
The property is located at 2704 N CALVERT STREET Baltimore, MD.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Four occupied one‑bedroom apartments; Two kitchens have updated cabinets and countertops; Central gas‑fired boiler with steam radiator heat
