2740 Saint Paul St - Apartments FOR SALE


Baltimore, MD 21218- Charles Village
$745,000 USD
410-235-9500
2740 Saint Paul St, Baltimore, MD for Sale
$745,000 USD
Apartments - FOR SALE
1/50
null | 8.17% Cap Rate

2740 Saint Paul St
Baltimore, MD 21218
Charles Village


HIGHLIGHTS

  • Two blocks from Johns Hopkins University with JH shuttle stop at the end of the block – ensures consistent rental demand from students & faculty
  • Four 1-bedroom apartments – oversized layouts appeal to long-term tenants and support above-average rents.
  • ully renovated with spectacular kitchens, bathrooms, wood floors and laundry – desirable finishes attract quality tenants and reduce turnover.
  • Located in one of Baltimore’s most stable rental submarkets – strong tenant demand fuels dependable occupancy and long-term appreciation potential.

OVERVIEW

Each of the four fully renovated one-bedroom apartments at 2740 Saint Paul is thoughtfully laid out to maximize space and function. The building underwent a full gut-to-studs renovation in 2017. At approximately 17 feet wide by 80 feet deep, each apartment offers a generous footprint with a practical, well-balanced layout. Apartments 1, 2, and 3 have hardwood floors throughout the living spaces, while the terrace apartment features vinyl plank flooring. All kitchens are outfitted with granite countertops, real wood cabinets, stainless steel sinks, dishwashers, and 30? electric ranges with ceramic cooktops. Bathrooms feature steel tubs, modern vanities, and ceramic tile tub surrounds and flooring. Three apartments are equipped with stacked washers and dryers, and the terrace unit includes a full-sized washer and dryer. Select units also feature exposed brick. This all-electric building has been overhauled with a full sprinkler system and upgraded 400-amp electric service. Each apartment has its own electric heat pump with central air, as well as a 40-gallon electric water heater. The building is separately metered for electric with five total meters. Leases are currently structured so that each tenant pays $35/month toward the water and sewer bill. An additional opportunity exists to lease the two rear parking spaces at $50 per month each. All-electric mechanicals not only simplify operations but also align with growing demand for sustainable housing. With no gas lines to maintain or convert, the building is already compliant with potential future energy regulations. Located just two blocks from Johns Hopkins University and Wyman Park, 2740 Saint Paul sits in the heart of Charles Village—one of Baltimore’s most walkable and well-served rental neighborhoods. A Johns Hopkins shuttle stop is located right at the end of the block, offering tenants direct, no-transfer access to both the Homewood and hospital campuses. The building is also four blocks from the Charles Village Shopping District, home to national retailers like Starbucks, Chipotle, and Barnes & Noble, along with a grocery store and other everyday conveniences. The property lies within the Charles Village Community Benefits District, which provides supplemental sanitation, private security patrols, and neighborhood events—adding to the area’s appeal for students, faculty, and professionals alike.

FOR SALE DETAILS

PRICE

$745,000 USD

PRICE/SF

$221 USD /SF

# OF UNITS

4

PRICE/UNIT

$186,250

CAP RATE

8.17%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,128 SF

ZONING

R-8, Baltimore

APN/PARCEL ID

3841-015

ASK ABOUT THIS PROPERTY

Tom FairBen Frederick Realty, Inc.More Info
410-235-9500

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Tom FairBen Frederick Realty, Inc.More Info
410-235-9500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.