1037 St Paul St Baltimore, MD 21202

Property Details for 1037 St Paul St

Year built

1900

Property type

Apartment buildings

Description

This 7-unit apartment building, located at 1037 St. Paul St in Baltimore, MD 21202, offers a compelling investment opportunity. Built in 1900, this three-story building boasts 4,765 square feet of net rentable space situated on a 2,875 square foot lot. The property features a mix of unit types, including studios and one- and one-and-a-half-bathroom units, averaging approximately 681 square feet each. Its prime location in the Mid-Town Belvedere neighborhood provides easy access to downtown Baltimore, major transportation hubs (including Amtrak's Baltimore Penn Station and I-83/I-95), and numerous amenities such as Safeway, CVS, and various restaurants and entertainment venues. The property's proximity to three major universities creates consistent rental demand. Furthermore, its location within a CHAP District qualifies it for a significant 10-year, 100% tax credit on assessed improvement value from renovations, presenting a substantial value-add opportunity for the new owner. This fee-simple property is zoned OR-2 and presents a strong investment opportunity in a highly desirable Baltimore neighborhood. The building's historic character combined with its modern conveniences makes it an attractive option for renters. This property is available for purchase individually or as part of a larger portfolio.

Location Insight

City

Baltimore

County

Baltimore

State

Maryland

Longitude

-76.6141

Latitude

39.3022