Four-Unit Apartment
For Sale
Under Contract
$649,900
2818 N CALVERT Street N, Baltimore, MD 21218
Multi-Family, BALTIMORE, MD
Property Size2,790 SF
Price / SF$232.94
Days on Market93
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
Subdivision
CHARLES VILLAGE
Elementary school district
BALTIMORE CITY PUBLIC SCHOOLS
Middle school district
BALTIMORE CITY PUBLIC SCHOOLS
High school district
BALTIMORE CITY PUBLIC SCHOOLS
Standard status
Active Under Contract
Size
2,790 SF
Taxes and HOA fees
Tax Annual Amount
8269
Utilities
Heating system
Electric (Heating), Baseboard
Cooling system
Window Unit(s)
Amenities
ceiling fans
window air conditioning units
updated lighting
basement laundry hookup
second floor laundry hookup
Building Details
Year built
1902
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
Keller Williams Gateway LLC · Keller Williams Realty
(443) 318-8800
Listed By:
Marcus P Hairston · License #0671997
(240) 426-3190
Added: Jul 23
Changed: Oct 21
Last Checked: Oct 23 at 2:06AM
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.
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Investment Insights
Based on property information with market context.
This brick apartment property contains 2,790 square feet and was built in 1902. It is legally configured as a four-unit building, with six living areas in its current layout. The two uppermost efficiency spaces are not separately metered. Features include electric baseboard heat, window air-conditioning units, ceiling fans, and laundry hookups in the basement and on the second floor. A detached garage is also included.
The property is in Baltimore’s Charles Village, near Johns Hopkins University and the Baltimore Museum of Art, with access to I-83. All six living areas will convey vacant.
The property is in Baltimore’s Charles Village, near Johns Hopkins University and the Baltimore Museum of Art, with access to I-83. All six living areas will convey vacant.
Key Highlights
- 2,790‑square‑foot brick apartment building
- Legally zoned as a four‑unit building with six living areas in the current layout
- Four apartment units are separately metered; two third‑floor efficiency spaces are not
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.
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Open Analytics
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,471
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The layout includes six living areas, with two efficiency spaces on the third floor.
Where is this quadplex 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: 2,790‑square‑foot brick apartment building; Legally zoned as a four‑unit building with six living areas in the current layout; Four apartment units are separately metered; two third‑floor efficiency spaces are not
