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.