5-Unit Apartment
New
For Sale
$595,000
2841 N CALVERT STREET, Baltimore, MD 21218
All five residences are leased, with current agreements extending through summer 2027.
Property Size2,708 SF
Price / SF$219.72
Days on Market4
Property Features for 2841 N CALVERT STREET
General Information
Standard status
Active
Size
2,708 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Gross Income
$76,500
Public Transit
Yes
Multifamily Units
5
Building Details
Year Built
1900
Listing Agency:
Ben Frederick Realty, Inc.
(410) 235-9500
Listed By:
Will A Cannon III
(410) 916-3331
Source:
Cummingsrealtors
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 4 at 2:27PM
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 five-unit apartment property at 2841 N. Calvert Street was built in 1900 and is fully leased, with agreements running through summer 2027. It sits in Baltimore’s Charles Village neighborhood, 2.5 blocks from Johns Hopkins University’s Homewood Campus and near the Charles Village Shopping District and Wyman Park.
A Johns Hopkins Shuttle stop is about one block south, with service to other Hopkins destinations, including the medical campus and Peabody. The property has a Walk Score of 91. Hopkins security patrols and services from the Charles Village Benefits District are also part of the surrounding neighborhood context.
A Johns Hopkins Shuttle stop is about one block south, with service to other Hopkins destinations, including the medical campus and Peabody. The property has a Walk Score of 91. Hopkins security patrols and services from the Charles Village Benefits District are also part of the surrounding neighborhood context.
Key Highlights
- Five apartments; all are leased through summer 2027
- Built in 1900
- Located 2.5 blocks from Johns Hopkins University's Homewood Campus
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,417
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,340
$628.3K
Cap Rate 7%
$448,814
$448.8K
Cap Rate 9%
$349,078
$349.1K
Market Conditions
NOI Build-Up for 2,708 SF
Gross rent
$61.1K $22.56/SF
− Vacancy
−$4.0K −$1.47/SF
EGI
$57.1K $21.09/SF
− OpEx
−$25.7K −$9.49/SF
NOI
$31.4K $11.60/SF
Area
ZIP 21218
Vacancy
6.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,340
Cap Rate 7%
$448,814
Cap Rate 9%
$349,078
Alternative Uses
Best Use
Apartment 5plus
$448.8K
$392.7K – $523.6K
NOI $31,417 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$736.3K
$644.2K – $859.0K
NOI $51,539 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,076
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - All five residences are leased, with current agreements extending through summer 2027.
Where is this apartment building located?
The property is located at 2841 N CALVERT STREET Baltimore, MD.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Five apartments; all are leased through summer 2027; Built in 1900; Located 2.5 blocks from Johns Hopkins University's Homewood Campus
