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Renovated 10-Unit Apartment Building
For Sale
$895,000

318 N Paca Street, Baltimore, MD 21201

Recent work includes new kitchens, bathrooms, HVAC, flooring, windows, water heaters and digital thermostats.

Property SizeContact for details
Days on Market16

Property Features for 318 N Paca Street

General Information

Standard status Active
Total Parking Spaces 9
Property subtype Commercial

Site & Location

Neighborhood University of Maryland
Highway Access Yes
Road Access Yes
Public Transit Yes
Utilities to Site Yes

Units

Multifamily Units 10
Individually Metered Utilities gas, electric

Amenities

laundry areas

Building Details

Year Built 1860
Buildings 1
Listing Agency: RE/MAX Components
Listed By: Aldo M Figueroa · License #593730
Source: Ournexthouse
Added: Oct 16 Changed: Oct 28 Last Checked: Oct 30 at 6:19PM

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 RE/MAX Components

Rey
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Investment Insights

Based on property information with market context.

This 10-unit apartment building, constructed in 1860, has renovated residences with new kitchens and bathrooms, HVAC, LVP flooring, replacement windows, water heaters and digital thermostats. Kitchens include stainless steel refrigerators, stoves, built-in microwaves, cabinets and countertops. Each unit is described as independent and habitable. Gas and electric meters are separate, and laundry areas are available within the property. A 10-unit rental license is in place.

The property is in Seton Hill near the Bromo Arts District. Lexington Market, its Metro station, the University of Maryland Medical Center, the UMB campus, BioPark, the Hippodrome, Everyman Theatre and Royal Farms Arena are within walking distance. I-395, I-95 and I-83 are a short drive away, as are Mercy Medical Center, Johns Hopkins Hospital, the University of Baltimore, MICA, Camden Yards, M&T Bank Stadium and the Inner Harbor.

A nine-car parking lot is located behind the building, with access from Diamond Street.

Key Highlights

  • 10 apartments with a rental license covering all 10 units
  • Renovated kitchens, bathrooms, HVAC, LVP flooring, replacement windows, water heaters and digital thermostats
  • Separate gas and electric meters; laundry areas on the premises

Property Analytics

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Lease Details

10
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

10,940
Businesses Nearby

Demographics for 21201, MD

18,382
Population
11,468
Households
1.6
Avg Household Size
34
Median Age
47%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
14,140
Density / Sq Mi
$44,722
Median Household Income
$44,239
Median Earnings
$1,282
Median Rent
$221,900
Median Home Value
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Recent work includes new kitchens, bathrooms, HVAC, flooring, windows, water heaters and digital thermostats.
Where is this apartment building located?
The property is located at 318 N Paca Street Baltimore, MD.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 10 apartments with a rental license covering all 10 units; Renovated kitchens, bathrooms, HVAC, LVP flooring, replacement windows, water heaters and digital thermostats; Separate gas and electric meters; laundry areas on the premises
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