1928 St Paul St, Baltimore, MD 21202
This exceptional Class A multifamily investment opportunity presents a fully renovated, five-unit apartment building situated in Baltimore's desirable Greater Charles Village area. Boasting 4,525 square feet of net rentable space across a four-story, 1889-built structure (completely renovated in 2024), this property offers a compelling return on investment. The building features five separate entrances, five meters, five water heaters (with one main water meter), five mailboxes, and a sprinkler system in each unit. All units include new appliances. Two rear parking spaces provide convenient off-street parking for residents. The property is currently vacant and ready for immediate occupancy. The layout comprises a studio apartment, three one-bedroom units, and one two-bedroom duplex-style apartment spanning two floors. Each unit offers a living room, kitchen, dining area, and full bathroom(s). The convenient location offers easy access to major traffic arteries, including the Jones Falls Expressway (I-83) and North Calvert Street. Its proximity to Union Memorial Hospital, Johns Hopkins University Homewood Campus, and numerous shops and restaurants in Charles Village adds significant appeal. The property sits on a 1,710 square foot lot and is zoned R-8. This fee-simple ownership offers a rare opportunity for investors seeking a high-quality, well-maintained multifamily property in a prime location. The property is believed to be set up as described, but potential buyers should conduct their own due diligence.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.