2841 N Calvert St - Apartments FOR SALE


Baltimore, MD 21218- Charles Village | 
$595,000 USD
410-235-9500
2841 N Calvert St, Baltimore, MD for Sale
$595,000 USD
Apartments - FOR SALE
1/31
null | 8.33% Cap Rate

2841 N Calvert St
Baltimore, MD 21218
Charles Village


HIGHLIGHTS

  • Fully Leased — $6,375/month in current rent with leases extending through summer 2027
  • Hopkins-Adjacent Location — 2.5 blocks to Johns Hopkins University’s Homewood Campus
  • Established Neighborhood Infrastructure — Hopkins security and Charles Village Benefits District services support the block

OVERVIEW

2841 North Calvert Street is a turn-key five-unit multifamily property located 2.5 blocks from Johns Hopkins University’s Homewood Campus in Charles Village. The property is fully leased and currently generates $6,375 per month / $76,500 annually, with leases extending through May, July and August 2027. The building includes one rooming unit, two small one-bedroom apartments, one studio and one large one-bedroom apartment. The apartments are in varying condition, providing future opportunities for light improvements as units turn. Heating is provided by electric baseboard systems serving the apartments, with a central gas-fired water heater providing hot water. The property has five electric meters and one gas meter. Tenants reimburse the owner for utilities, limiting owner-paid operating expenses. The location is a major demand driver. Johns Hopkins Homewood Campus is approximately 2.5 blocks away, and a Hopkins Shuttle stop one block south provides convenient access to additional Hopkins campuses, including the medical campus and Peabody. The property also benefits from a Walk Score of 91 (“Walker’s Paradise”), proximity to the Charles Village Shopping District and Wyman Park, Hopkins security patrols, and services provided by the Charles Village Benefits District.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$220 USD /SF

# OF UNITS

5

PRICE/UNIT

$119,000

CAP RATE

8.33%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Charles Village 5-Unit

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,239 SF

ZONING

R6

APN/PARCEL ID

3848-028

ASK ABOUT THIS PROPERTY

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

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

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

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