8 Units in JHU Hot Zone Multi-Family FOR SALE


Baltimore, MD - Charles Village
$1,100,000 USD
410-235-9500
, Baltimore, MD for Sale
$1,100,000 USD
Multi-Family - FOR SALE
1/41
null | 8.79% Cap Rate

8 Units in JHU Hot Zone
Baltimore, MD
Charles Village


HIGHLIGHTS

  • Prime Charles Village / Hopkins Location – Two Blocks to Johns Hopkins Homewood Campus, anchoring consistent student and faculty rental demand
  • Hopkins Shuttle Stop Two Blocks South – Free transit access to Peabody, Johns Hopkins Hospital and Bayview Medical Center, increasing tenant pool
  • Income Upside Through Market Rent Alignment – Opportunity to improve cash flow as leases turn and rents adjust to prevailing Hopkins-area levels

OVERVIEW

2924 and 2945 Saint Paul Street are an eight-unit apartment portfolio located just two blocks from the Johns Hopkins University Homewood campus in Baltimore’s Charles Village neighborhood. The properties sit in the heart of the Hopkins “Hot Zone,” one of the city’s most dependable rental corridors supported by students, faculty, researchers, and medical professionals. The Johns Hopkins Shuttle stops two blocks south of the property and provides free transportation to the Peabody Institute, Johns Hopkins Hospital and research facilities on Broadway, and Bayview Medical Center, expanding the potential tenant base beyond the Homewood campus. The portfolio offers clear income growth potential as rents align with prevailing market levels in the Hopkins corridor. Select kitchens have already been refreshed at 2924 Saint Paul, while additional interior improvements such as kitchen, bath, and flooring updates may support further rent increases over time. Offered together as an eight-unit package, the properties provide investors with immediate scale in one of Baltimore’s strongest rental submarkets. At the offering price of $1,100,000 ($137,500 per unit), the investment supports an 8.79% cap rate and 10.4% projected cash-on-cash return, with additional upside through market rent alignment and operational efficiencies. Located steps from Johns Hopkins University and within walking distance of the Charles Village retail corridor and Wyman Park Dell, the properties benefit from durable tenant demand and strong long-term rental fundamentals.

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.