1208 St Paul St Baltimore, MD 21202

Property Details for 1208 St Paul St

Year built

1900

Lot size

0.09 lot acres

Property size

11,052 SF

Property type

Apartment buildings

Description

This exceptional multifamily investment opportunity presents a beautifully renovated 15-unit apartment building situated in Baltimore's vibrant Historic Mount Vernon neighborhood. The property, encompassing 11,052 square feet across two four-story buildings, boasts a desirable unit mix: ten studios, one one-bedroom/one-bathroom, two one-bedroom/one-and-a-half-bathroom, and two two-bedroom/one-bathroom apartments. Each unit features modern upgrades including stainless steel appliances, wood cabinets, hard surface countertops, and hardwood flooring. Built in 1900 and extensively renovated in 2015, the property benefits from updated mechanical systems and new windows. Three off-street parking spaces are located behind the building, offering a valuable amenity in a city setting. The 0.094-acre lot is zoned OR-2. The property's prime location offers convenient access to the University of Baltimore (a three-minute walk), the UMMC Midtown Campus (half a mile), and Penn Station (a seven-minute walk), which is undergoing significant renovations. Current rents are below market value, presenting a compelling opportunity for a new owner to increase revenue through organic rent growth and the implementation of parking fees. The asking price is $2,266,200, representing a price per unit of $151,080. This is a fee simple ownership. The property's APN is 11-01-0484-006, 11-01-0484-007.

Location Insight

City

Baltimore

County

Baltimore

State

Maryland

Longitude

-76.6145

Latitude

39.304