Multifamily Building with Six Living
2818 N CALVERT Street N Baltimore, MD 21218
New
For Sale
$649,900
MULTI_FAMILY - Other - BALTIMORE, MD
Property Size2,790 SF
Price / SF$232.94
Days on Market2
Property Features for 2818 N CALVERT Street N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 1
- Parking features
- Garage - Detached
- Interior features
- Upgraded Countertops, Crown Moldings, Bathroom - Walk-In Shower, Bathroom - Tub Shower, Built-Ins
- Appliances
- Dryer, Oven/Range - Electric, Range Hood, Refrigerator, Washer, WaterHeater
- Standard status
- Active
- Size
- 2,790 SF
Taxes and HOA fees
- Tax Annual Amount
- 8269
Utilities
- Heating system
- Baseboard, Electric (Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1902
- Number of units
- 4
- Building materials
- Brick
- Architectural style
- Other
Listing Agency:
Keller Williams Gateway LLC
(443) 318-8800
Listed By:
Marcus P Hairston · License #0671997
(240) 426-3190
Added: Jul 23
Last Checked: Jul 24 at 12:06AM
MLS# MDBA2224932
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.
This turnkey multifamily property is configured as a four-unit apartment building with separately metered units, while currently providing six separate living spaces. Unit 1 occupies two levels and includes one bedroom and one full bathroom. Unit 2 is on the first floor with one bedroom and one full bathroom. The second floor includes Unit 3, a spacious efficiency apartment, and Unit 4, which has a washer and dryer hookup upon entry and features a one-bedroom, one-bathroom layout. Continuing to the third floor, Unit 4 expands to include two additional living spaces that are not separately metered: Unit 4B (an efficiency) and Unit 4C (an efficiency). The six living spaces convey vacant. Each space is equipped with electric baseboard heat, window air conditioning units, and at least two ceiling fans, and updated lighting has been installed throughout every unit and the common areas. Laundry is supported by a basement hookup and a second-floor hookup serving Unit 4 and its additional living spaces.
Located in Charles Village in Baltimore, the property is described as minutes from Johns Hopkins University and within easy access of major highways including I-83.
The building’s legal configuration is four units, with the current six-space setup creating flexibility for an owner seeking to lease the individual living areas.
Located in Charles Village in Baltimore, the property is described as minutes from Johns Hopkins University and within easy access of major highways including I-83.
The building’s legal configuration is four units, with the current six-space setup creating flexibility for an owner seeking to lease the individual living areas.
Key Highlights
- Legally zoned 4‑unit brick building (built 1902) currently configured as 6 separate living spaces with electric baseboard heat and window A/Cs
- All 6 living spaces convey vacant, with separately metered units for the current 4‑unit configuration
- Unit mix: Unit 1 (2‑level 1BR/1BA), Unit 2 (1BR/1BA), Unit 3 (efficiency), Unit 4 (1BR/1BA) plus Unit 4B and 4C (efficiencies)
Financial Insights For Apartment 5plus
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 | $62.9k | $22.56 |
| − Vacancy | −$4.1k | −$1.47 |
| EGI | $58.9k | $21.09 |
| − OpEx | −$26.5k | −$9.49 |
| NOI | $32.4k | $11.60 |
2,790 SF · lease $22.56/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$462.4K
$404.6K – $539.5K
NOI $32,368 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Turnkey multifamily property configured with six separate living spaces, each with electric baseboard heat and window A/C.
Where is this apartment building located?
The property is located at 2818 N CALVERT Street 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: Legally zoned 4‑unit brick building (built 1902) currently configured as 6 separate living spaces with electric baseboard heat and window A/Cs; All 6 living spaces convey vacant, with separately metered units for the current 4‑unit configuration; Unit mix: Unit 1 (2‑level 1BR/1BA), Unit 2 (1BR/1BA), Unit 3 (efficiency), Unit 4 (1BR/1BA) plus Unit 4B and 4C (efficiencies)
