Eight apartments across two buildings on the same block, just two blocks from Johns Hopkins University's Homewood campus in Baltimore's Charles Village neighborhood. Offered together, 2924 and 2945 Saint Paul Street provide immediate scale in one of the city's most reliable rental corridors driven by students, faculty, researchers, and medical… Read More professionals. The Johns Hopkins Shuttle stops two blocks south, providing free transportation to the Peabody Institute, Johns Hopkins Hospital and research facilities on Broadway, and Bayview Medical Center - expanding the potential tenant pool beyond the Homewood campus. The portfolio offers meaningful upside through rent growth in one of Baltimore's strongest rental corridors. In-place rents provide immediate opportunity for improvement as leases turn and align with prevailing market levels near Johns Hopkins University. Select kitchens at 2924 Saint Paul have already been refreshed, while additional interior improvements - such as kitchens, baths, and flooring - may support even higher rents over time. Apartments include laminate countertops, wood cabinetry, and gas ranges of varying sizes. Bathrooms feature modern vanities with steel or cast-iron tubs and surrounds consisting of vinyl, fiberglass, or ceramic tile. Seven of the eight apartments retain hardwood flooring in living areas, with one unit finished in laminate; kitchens feature vinyl flooring and bathrooms are finished in vinyl or ceramic tile. Each property is heated by a gas-fired boiler with radiator distribution and served by central gas-fired water heaters. Electric service is separately metered with five electric meters at each building and two gas meters per property. Located near the Charles Village retail corridor and Wyman Park Dell, the properties benefit from strong walkability, consistent tenant demand, and proximity to one of Baltimore's largest employment anchors. Read Less
Courtesy of Will A Cannon III, Ben Frederick Realty, Inc. 410-235-9500
Listing Snapshot
Days Online
26
Last Updated
Property Type
Commercial
Square Ft.
4,130
Lot Size
0.14 Acres
Year Built
1902
MLS Number
MDBA2206180
Additional Details
Building
Built in 1902, Construction Materials: Brick
Cooling
None
Accessibility Features
None
Heating
Radiator
Income
Gross Income: $142,812, Net Operating Income: $96,744
Lot
0.14 acres, Dimensions: 2924: 17'6" x 184'4" 2945: 16' x 123'
Roof
Rubber
Sewer
Public Sewer
Taxes
Annual Amount: $5,900, Lot: 020, Year: 2025, Zoning: R-8, Zoning description: Each building is licensed for 4 Dwelling Units.
Utilities
Water Source: Public
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