Turnkey Four-Unit Residential Income
New
For Sale
$724,990
2709 N CALVERT Street, Baltimore, MD 21218
MULTI_FAMILY - Federal - BALTIMORE, MD
Property Size2,940 SF
Lot Size0.06 Acres
Price / SF$246.60
Days on Market6
Property Features for 2709 N CALVERT Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking features
On Street
Elementary school district
BALTIMORE CITY PUBLIC SCHOOLS
Middle school district
BALTIMORE CITY PUBLIC SCHOOLS
High school district
BALTIMORE CITY PUBLIC SCHOOLS
Standard status
Active
Size
2,940 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
11694
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
central heating and air conditioning
in-unit washer and dryer
private porch
separately metered
Building Details
Year built
1900
Number of units
4
Building materials
Brick
Architectural style
Federal
Listing Agency:
EXP Realty, LLC
(866) 825-7169
Listed By:
Yony Kifle · License #655732
(703) 405-5182
Added: Jul 27
Changed: Jul 29
Last Checked: Aug 1 at 5:06AM
MLS# MDBA2222818
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Turnkey four-unit residential income property fully renovated in 2021. The building includes three spacious one-bedroom, one-bath apartments and one efficiency apartment. All units are separately metered and feature central heating and air conditioning, in-unit washer and dryer, and private porches.
Located at 2709 N CALVERT Street in Baltimore, MD 21218, the property is described as being in the heart of Charles Village and just minutes from Johns Hopkins University and the JHU shuttle, as well as Penn Station, local restaurants, coffee shops, parks, and downtown Baltimore.
Current rental income is reported at over $5,100 per month, with the configuration designed for income-producing use across four separately metered units.
Located at 2709 N CALVERT Street in Baltimore, MD 21218, the property is described as being in the heart of Charles Village and just minutes from Johns Hopkins University and the JHU shuttle, as well as Penn Station, local restaurants, coffee shops, parks, and downtown Baltimore.
Current rental income is reported at over $5,100 per month, with the configuration designed for income-producing use across four separately metered units.
Key Highlights
- Fully renovated 4‑unit multifamily building (2021) with brick construction
- Unit mix: three 1‑bedroom, 1‑bath apartments plus one efficiency apartment
- Each unit separately metered for added convenience
Financial Insights For Multifamily LT 5
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 | $58.2k | $19.80 |
| − Vacancy | −$3.6k | −$1.22 |
| EGI | $54.6k | $18.58 |
| − OpEx | −$16.4k | −$5.57 |
| NOI | $38.2k | $13.00 |
2,940 SF · lease $19.80/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$546.2K
$477.9K – $637.2K
NOI $38,234 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$487.3K
$426.4K – $568.5K
NOI $34,108 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$799.3K
$699.4K – $932.6K
NOI $55,954 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully renovated 2021 four-unit building with separately metered apartments, central HVAC, and in-unit washer/dryer.
Where is this quadplex located?
The property is located at 2709 N CALVERT Street Baltimore, MD.
What is the asking price?
The asking price for this property is $724,990.
What are key features of this property?
This property features: Fully renovated 4‑unit multifamily building (2021) with brick construction; Unit mix: three 1‑bedroom, 1‑bath apartments plus one efficiency apartment; Each unit separately metered for added convenience
