Property profile

2800 Calvert St Baltimore, MD 21218

OFF-MARKET
Apartment buildings
Property ID
US40-0249010
Built 1902
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Property summary

AI-generated overview

This exceptional 9-unit apartment building, constructed in 1902, is a remarkable investment opportunity situated in Baltimore's vibrant Charles Village neighborhood. The property boasts a prime location directly adjacent to Johns Hopkins University, ensuring consistently high occupancy rates and strong rental income. Currently operating at 100% occupancy, this four-story building offers a mix of spacious studios and one-bedroom, one-bathroom units. Adding to its appeal is an on-site washer and dryer facility and a two-car garage, presenting potential for increased revenue streams. The property's strategic location offers easy access to major amenities, including Starbucks, Safeway, and University Market & Deli, all within walking distance. Its proximity to I-83, the University Parkway Transit Hub, and numerous bus stations provides excellent transportation links. Furthermore, the potential for significant rent increases (approximately 100%) presents a compelling opportunity for substantial returns. This historically charming building combines strong current performance with significant upside potential, making it an ideal investment for those seeking a stable and lucrative asset in a highly desirable location. The perpetual demand driven by the university's proximity ensures long-term stability and a consistent flow of tenants. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a sought-after Baltimore neighborhood.

Property profile

Verified
Property type Apartment buildings
Year built 1902
UPID US40-0249010

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2800 Calvert St Baltimore, MD 21218
Baltimore metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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