2815 N Calvert St - Apartments FOR SALE


Baltimore, MD 21218- Charles Village
$545,000 USD
410-235-9500
2815 N Calvert St, Baltimore, MD for Sale
$545,000 USD
Apartments - FOR SALE
1/36
null | 9.6% Cap Rate

2815 N Calvert St
Baltimore, MD 21218
Charles Village


HIGHLIGHTS

  • Steps from Johns Hopkins University, Charles Village Shopping District, and Wyman Park.
  • Ideal Unit Mix for Strong Tenant Demand: Attracts young professionals, graduate students, and university-affiliated renters.
  • Units rent as-is, but renovations could increase value and boost rental income.
  • 10.8% Projected Cash-on-Cash Return.

OVERVIEW

This six-unit building offers an ideal unit mix to attract a diverse range of tenants in Charles Village. Two 2-Bedroom Apartments Two Junior 1-Bedroom Apartments Two Studio Apartments 2815 North Calvert is well-suited for young professionals, graduate students, and university-affiliated renters seeking an affordable yet comfortable living space in a prime location. Inside, kitchens feature laminate countertops, wood or metal cabinetry, and steel sinks. Five of six units are equipped with gas ranges. Bathrooms include cast iron tubs with ceramic or vinyl tile enclosures and modern vanities in most units. Flooring varies by unit, with laminate, hardwood, and carpeted surfaces in living spaces, while kitchens and bathrooms feature vinyl tile or laminate flooring. These units rent as-is but offer strong renovation potential to increase value and boost rental income. Utility Specifics: This Charles Village 6-Unit has central utility systems. Heat is provided by a National Boiler gas-fired hot water system, distributing heat via baseboards on the first floor, radiators on the upper levels, and radiant heat in the basement. Hot water is supplied by a 50-gallon US Craftmaster gas-fired water heater. The building includes six electric meters with 100-amp total service, and one gas meter. Observable plumbing consists of copper and C-PVC supply lines. There are 6 electric meters and tenants do pay their own electric bills. A savvy owner could bill the tenants back for water every month, further enhancing cash flow. What’s Special About Charles Village: Tenants enjoy walkability and convenience, with easy access to the Charles Village Shopping District, Johns Hopkins University Homewood Campus, and Wyman Park. Just one block south is the Hopkins Shuttle Stop, providing a direct commute to other Hopkins campuses. 2815 North Calvert Street boasts a WalkScore of 92 (“Walker’s Paradise”) and a BikeScore of 85. The property benefits from Hopkins campus security patrols and is served by the Charles Village Benefits District, which helps maintain cleanliness, organizes security patrols, and hosts community events.

FOR SALE DETAILS

PRICE

$545,000 USD

PRICE/SF

$180 USD /SF

# OF UNITS

6

PRICE/UNIT

$90,833

CAP RATE

9.6%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1902

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,605 SF

ZONING

R6

APN/PARCEL ID

-

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 Policy.