2810 Saint Paul St, Baltimore, MD 21218
- $470,000
- 3,120
- SqFt
- List Price
- $470,000
- MLS#
- MDBA2222266
- Year Built
- 1902
- Status
- ACTIVE
- Type
- Multifamily
- Living Area
- 3,120
- Total SqFt
- 3520
- County
- Baltimore City
- Subdivision
- Charles Village
Property Description
2810 Saint Paul Street presents a Charles Village value-add apartment building offered at just $117,500 per unit, with below-market rents, deferred maintenance, and a long-term ownership history. Rather than paying a premium for someone else's renovation choices, investors have the opportunity to improve the property at their own pace and to their own specifications. Whether through cosmetic apartment updates, phased renovations as units become available, utility bill-backs, basement electric separation, or future capital improvements to the building's systems and common areas, 2810 Saint Paul Street offers multiple paths to increased income and long-term value. The building includes 2 two-bedroom apartments and 2 one-bedroom apartments. The building is separately metered with four gas meters and four electric meters, and investors may further improve operations by separating the basement apartment's electric service and implementing a water bill-back program. These operational improvements can reduce expenses while complement future rent growth. Combined with below-market rents and multiple opportunities to increase income and improve operations, this is the type of investment where thoughtful improvements can create meaningful long-term value. As apartments are updated over time, a new owner can better compete for Johns Hopkins students, faculty, employees, and other renters seeking renovated housing in Charles Village, supporting higher rents and continued appreciation.
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Additional Information
- Other Structures
- Above Grade, Below Grade
- Structure List
- Above Grade, Below Grade
- Garage Spaces
- 1
- Style
- Converted Dwelling
- Cooling Fuel
- Electric
- Cooling
- Window Unit(s)
- Heating Fuel
- Oil
- Heating
- Radiator
- Hot Water
- Natural Gas
- Sewer Septic
- Public Sewer
- Water
- Public
- Tax Year
- 2025
- Possession
- Settlement, Subject to Existing Lease
- Days on Market
- 21
- Acres
- 0.08
- Ownership
- Fee Simple
Mortgage Calculator
Listing courtesy of Ben Frederick Realty, Inc.. Contact: 4102359500