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    Apartment buildings

    1928 St Paul St, Baltimore, MD 21202

    4,525 SF Built 1889
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 1889
    Total area 4,525 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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