Vacant Four-Unit Apartment
For Sale
$649,900
2818 N Calvert St N, Baltimore, MD 21218
Six configured living areas, separate electric metering, and laundry hookups support flexible residential operations.
Property Size2,790 SF
Price / SF$232.94
Days on Market76
Property Features for 2818 N Calvert St N
General Information
Standard status
Active
Size
2,790 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Charles Village
Highway Access
Yes
Units
Unit Mix
3 x 1BR/1BA, 3 x efficiency
Multifamily Units
4
Building Details
Year Built
1902
Buildings
1
Stories
3
Listing Agency:
Keller Williams Gateway LLC
Listed By:
Marcus P Hairston · License #0671997
(240) 426-3190
Source:
Theatwoodteam
Added: Aug 16
Changed: Oct 25
Last Checked: Oct 7 at 2:53PM
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 Gateway LLC
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Investment Insights
Based on property information with market context.
This 2,790-square-foot quadplex at 2818 N Calvert St is conveyed vacant and is legally configured as a four-unit apartment building. The current layout includes six living areas: two one-bedroom apartments, an efficiency, a larger one-bedroom apartment, and two additional efficiency spaces associated with the upper portion of Unit 4. The building includes high ceilings in the first-floor apartments and Unit 3, updated lighting throughout the units and common areas, and electric baseboard heat, window air conditioning, and at least two ceiling fans in each living space. Laundry hookups are provided in the basement and on the second floor.
The property is located in Charles Village near Johns Hopkins University, the Baltimore Museum of Art, Olmsted's Wyman Park, Waverly Farmers Market, Station North, restaurants, shops, and cultural attractions. I-83 provides access to downtown Baltimore and other major highways. The four legal units are separately metered, while the six current living areas convey vacant for future tenant selection.
The property is located in Charles Village near Johns Hopkins University, the Baltimore Museum of Art, Olmsted's Wyman Park, Waverly Farmers Market, Station North, restaurants, shops, and cultural attractions. I-83 provides access to downtown Baltimore and other major highways. The four legal units are separately metered, while the six current living areas convey vacant for future tenant selection.
Key Highlights
- 2,790‑square‑foot quadplex at 2818 N Calvert St, Baltimore, MD
- Legally configured as a four‑unit building with six current living areas
- Property conveys completely vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,283
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,660
$725.7K
Cap Rate 7%
$518,329
$518.3K
Cap Rate 9%
$403,144
$403.1K
Market Conditions
NOI Build-Up for 2,790 SF
Gross rent
$55.2K $19.80/SF
− Vacancy
−$3.4K −$1.22/SF
EGI
$51.8K $18.58/SF
− OpEx
−$15.6K −$5.57/SF
NOI
$36.3K $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%
$725,660
Cap Rate 7%
$518,329
Cap Rate 9%
$403,144
Alternative Uses
Best Use
Multifamily LT 5
$518.3K
$453.5K – $604.7K
NOI $36,283 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$462.4K
$404.6K – $539.5K
NOI $32,368 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$758.6K
$663.7K – $885.0K
NOI $53,099 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Six configured living areas, separate electric metering, and laundry hookups support flexible residential operations.
Where is this quadplex located?
The property is located at 2818 N Calvert St N Baltimore, MD.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 2,790‑square‑foot quadplex at 2818 N Calvert St, Baltimore, MD; Legally configured as a four‑unit building with six current living areas; Property conveys completely vacant
