21-Unit Mixed-Use Investment
For Sale
Contact for pricing
330-332 336 Saint Paul Place, Baltimore, MD 21202
Downtown Baltimore mixed-use property with value-add potential.
Property Size19,312 SF
Price / SF$194.18
Days on Market170
Property Features for 330-332 336 Saint Paul Place
General Information
Standard status
Active
Size
19,312 SF
Property subtype
Mixed Use, Multifamily
Zoning
C-5HT
Building Details
Year Built
1900
Units
21
Listing Agency:
VYBE Realty
Listed By:
Ravi Shah · License #00001
Source:
Crexi
Added: Mar 4
Changed: Aug 21
Last Checked: Aug 20 at 3:38PM
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 VYBE Realty
Investment Insights
Based on property information with market context.
Located in Downtown Baltimore, the property at 330-332 & 336 Saint Paul Place presents a 21-unit mixed-use investment opportunity. The building, with a total size of approximately 20,000 square feet, includes 19 residential units and 2 commercial storefronts. Currently, the property is approximately 80% occupied, providing immediate income with potential for increased cash flow. The residential units generate income, with further potential through renovations and leasing at market rates. The two vacant ground-floor commercial spaces offer an opportunity for retail, restaurant, office, or service tenants in a visible downtown corridor. The property is located minutes from Mercy Medical Center, Baltimore Inner Harbor, Charles Street, and major employment hubs, benefiting from rental demand driven by healthcare, professional services, and downtown employment centers. This property is suited for investors seeking a mixed-use asset with stable income and upside potential in a prime Baltimore location.
Key Highlights
- 21‑unit mixed‑use property in Downtown Baltimore, featuring 19 residential units and 2 commercial spaces.
- Value‑add opportunity through lease‑up of vacant residential units and commercial spaces.
- Immediate income with approximately 80% occupancy.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$266,506
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,330,120
$5.3M
Cap Rate 7%
$3,807,229
$3.8M
Cap Rate 9%
$2,961,178
$3.0M
Market Conditions
NOI Build-Up for 19,312 SF
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.
Gross rent
$463.5K $24.00/SF
− Vacancy
−$37.1K −$1.92/SF
EGI
$426.4K $22.08/SF
− OpEx
−$159.9K −$8.28/SF
NOI
$266.5K $13.80/SF
Area
Baltimore, MD
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,330,120
Cap Rate 7%
$3,807,229
Cap Rate 9%
$2,961,178
Alternative Uses
Best Use
Mixed Use
$3.81M
$3.33M – $4.44M
NOI $266,506 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$3.59M
$3.15M – $4.19M
NOI $251,604 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$4.63M
$4.05M – $5.40M
NOI $323,863 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
12,119
Businesses Nearby
Explore this area
Business Placement
Demographics for 21202, MD
22,247
Population
12,731
Households
1.7
Avg Household Size
33
Median Age
48%
College-Educated
86%
High-School Grad
1.6 sq mi
ZIP Area
13,904
Density / Sq Mi
$61,578
Median Household Income
$53,609
Median Earnings
$1,497
Median Rent
$307,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown Baltimore mixed-use property with value-add potential.
Where is this mixed-use property located?
The property is located at 330-332 336 Saint Paul Place Baltimore, MD.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 21‑unit mixed‑use property in Downtown Baltimore, featuring 19 residential units and 2 commercial spaces.; Value‑add opportunity through lease‑up of vacant residential units and commercial spaces.; Immediate income with approximately 80% occupancy.
