1918 Mcculloh St, Baltimore, MD 21217

Property Description

1918 McCulloh Street offers an opportunity to acquire a three-unit apartment building in Baltimore's Druid Heights neighborhood. Each apartment includes two bedrooms. Stacked washers and dryers are located in every apartment, a desirable amenity that helps the property compete for quality tenants. Durable interior finishes have held up well over time, allowing a new owner to focus on operations rather than immediate apartment renovations. The building's all-electric utility configuration keeps ownership straightforward. Each apartment has its own electric heat pump with central air conditioning, electric water heater, and electric meter, allowing tenants to control their own utility usage while reducing owner-paid utility expenses. The building is served by 600-amp electrical service with 200 amps available to each apartment, providing ample capacity for modern household needs. Current rents remain below market, creating a clear opportunity to increase income through natural tenant turnover. Located in historic Druid Heights, the property benefits from decades of neighborhood reinvestment led by the Druid Heights Community Development Corporation. Recent census data shows 72% of occupied housing units in the neighborhood are renter-occupied, supporting continued demand for rental housing. Whether you're expanding your portfolio or purchasing your first multifamily investment, 1918 McCulloh Street offers straightforward management, durable building systems, and a clear path to future income growth.