723 Saint Paul St Baltimore, MD 21202-2311
Property profile & analytics
723 Saint Paul St Baltimore, MD 21202-2311
- Hotels
- 10,650 SF
- 0.08 lot acres
Property ID
US40-2322759
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Hotels
Property Details for 723 Saint Paul St
- Year built
- 1900
- Construction
- BRICK
- Lot size
- 0.08 lot acres
- Property size
- 10,650 SF
- Zone code
- OR-2
- Property type
- Hotels
- APN
- 11-11-0527 -001
- APU
- 11110527001
Description
This historic five-story building, located at 723 Saint Paul Street in Baltimore, Maryland's vibrant Mt. Vernon neighborhood, presents a compelling value-add investment opportunity. Currently operating as a 21-room hotel with a manager's apartment, laundry facilities, storage, and common areas, the 12,000 square foot property offers significant upside potential. The asking price is $1,700,000, translating to $141.67 per square foot and $77,272.73 per unit. Built in 1900, the property is zoned OR-3 and boasts a prime location near several colleges, making it ideal for either continued operation as a boutique hotel or conversion into a multi-family residential building. The existing structure offers 22 units. Adding square footage is possible, with build-out potential on four levels to the property line. While the property requires upgrading, its location in the heart of Mt. Vernon, near Peabody and Mt. Vernon Square, and a short walk to downtown Baltimore, ensures strong rental demand and potential for significant appreciation. This pre-market opportunity allows for creative repositioning and value enhancement. The property's current configuration includes 21 hotel rooms and a manager's apartment.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $1,640,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $1,950,000 Change: +19% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,755,000 Change: +7% Conversion: Difficult
- WAREHOUSE, STORAGE
- $1,620,000 Change: -1% Conversion: Difficult
- MEDICAL BUILDING
- $1,550,000 Change: -6% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,375,000 Change: -16% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore City
- State
- Maryland
- Longitude
- -76.6138
- Latitude
- 39.2985
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$31,573
$0.00
$0.00
$1,337,833
-
$152,000
$1,626,100
$1,778,100
