906 Calvert St, Baltimore, MD 21202
This exceptional 6-unit apartment building, located at 906 N. Calvert Street in Baltimore, MD, presents a compelling investment opportunity. Built in 1900, this three-story building boasts 5,499 square feet of net rentable space situated on a 3,075 square foot lot. The property features a mix of unit sizes, including one 1-bedroom/1-bathroom, three 2-bedroom/1-bathroom, and two 2-bedroom/2-bathroom units, averaging approximately 917 square feet each. Two parking spaces are available on-site. The property is zoned OR-2 and is currently vacant, offering a blank canvas for a value-add renovation. Its location in the vibrant Mid-Town Belvedere neighborhood provides easy access to major transportation arteries, including Interstate 83 and I-95, as well as Baltimore Penn Station, offering convenient commutes throughout the region. The area is also rich in amenities, with nearby grocery stores, banks, pharmacies, and various restaurants and entertainment venues. Furthermore, its proximity to the University of Baltimore, Maryland Institute College of Art, and the Peabody Institute of Johns Hopkins University creates strong rental demand from students and young professionals. The property's location within a CHAP District makes it eligible for a significant 10-year tax credit program, further enhancing its investment appeal. This fee-simple ownership opportunity is ideal for investors seeking a high-potential property in a thriving Baltimore neighborhood. The property's APN is 11-12-0513-018.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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