2903 Saint Paul St - Multi-Family FOR SALE


Baltimore, MD 21218- Charles Village
$450,000 USD
410-235-9500
2903 Saint Paul St, Baltimore, MD for Sale
$450,000 USD
Multi-Family - FOR SALE
1/34
null | Request Cap Rate

2903 Saint Paul St
Baltimore, MD 21218
Charles Village


HIGHLIGHTS

  • Prime Charles Village “Hot Zone” Location: One block to Wyman Park Dell and 2.5 blocks to Johns Hopkins Homewood campus
  • Walker’s Paradise (95 WalkScore): Tenants enjoy immediate access to Starbucks, Chipotle, grocery options and everyday neighborhood conveniences
  • Simple Utility Setup: Five electric meters and five gas meters with central heat and hot water that may allow future bill-backs

OVERVIEW

The building contains one two-bedroom apartment, two one-bedroom apartments, and one studio apartment. Kitchens include laminate countertops, wood cabinets, stainless-steel sinks, and 20? or 30? gas ranges. Bathroom finishes vary by unit: three bathrooms have modern vanities and one has a wall-mounted sink; tubs include a mix of cast-iron and steel with ceramic-tile or vinyl surrounds. Flooring consists of hardwood in living areas, vinyl in kitchens, and a combination of vinyl, ceramic tile, or laminate in the bathrooms. Utilities: The property is heated by a Central American Radiator gas-fired boiler with hot-water radiator distribution. A central 40-gallon gas-fired water heater supplies hot water. The building is set up with five electric meters and five gas meters; one for each apartment and public service. A landlord seeking to reduce operating expenses could explore billing back the central heating and hot water to tenants and improve cash flow. What’s Special About Charles Village: 2903 Saint Paul Street sits in the prime “hot zone” for Johns Hopkins students, one block from Wyman Park Dell and within an easy walk to the Homewood campus. Tenants have quick access to the Charles Village Shopping District, including Starbucks, Chipotle, grocery options, and a variety of neighborhood shops and eateries. The property has a WalkScore of 95, designated a “Walker’s Paradise,” underscoring the convenience and pedestrian-friendly nature of this location. For investors, the property offers a clear renovation opportunity at an approachable basis of $112,500 per unit, making it an attractive candidate for upgrades and repositioning in a high-demand rental market. 2903 Saint Paul provides a solid entry point for buyers looking to improve units and capture the strong student and young-professional tenant pool that drives Charles Village occupancy. Investment Summary: $450,000 $112,500 Per Unit $167 Per Sq. Ft. 7.6 Times Market Rents (GRM) 7.88% Cap Rate 7.3% Projected Cash-on-Cash Return

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$167 USD /SF

# OF UNITS

4

PRICE/UNIT

$112,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Charles Village 4-Unit

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R8

APN/PARCEL ID

3852-041

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 Notice.