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MLS: #MDBA2219836, Listed By: Will Cannon, Ben Frederick Realty, Inc., Source:Bright MLS

2924 Saint Paul Street

BALTIMORE, MD 21218
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Bed 7

Bed

Bath 0

Bath

SqFt5,500

Sqft

Acres0.07

Acre(Lot)

2924 Saint Paul Street presents a Charles Village value-add apartment building with below-market rents, deferred maintenance, and long-term ownership history. Investors have the flexibility to execute a renovation strategy that matches their budget and goals, whether through cosmetic apartment updates, mid-grade renovations, complete gut rehabs as units become available, or capital improvements to the building’s systems and common areas. The property consists of 4 apartments: 3 two-bedroom apartments and 1 one-bedroom apartment. The apartments are notably large, with two bi-level layouts, Apartment 2 occupying the full second floor, and Apartment 3 occupying the full third floor. Kitchens have been modernized over time with newer laminate countertops, wood cabinetry, and 20" or 30" gas ra nges. Bathrooms have modern vanities and steel or cast-iron tubs, with surrounds consisting of vinyl, fiberglass, or ceramic tile. 2924 Saint Paul is located just two blocks from Johns Hopkins University’s Homewood campus and one block east of Wyman Park Dell, placing the property directly in one of Baltimore’s strongest student and professional rental corridors. The Johns Hopkins Shuttle stops just two blocks south, connecting riders to Peabody, Johns Hopkins Hospital, Broadway research facilities, and Bayview Medical Center. Current rents remain below prevailing market levels in the Hopkins corridor, creating a clear path to income growth as leases turn. At the asking price of $570,000, the property is offered at $142,500 per unit and $182 per sq. ft., with projected market-rent metrics of 7.7x GRM, 8.70% cap rate, and 10.0% projected cash-on-cash return. A rare opportunity to acquire a 4-unit Charles Village apartment building with large layouts, rent growth upside, and long-term demand driven by Johns Hopkins University.

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Detail Ic Property Details

Property Type : Residential Income

Price : $570,000

AD Id : 85017128

MLS Id : MDBA2219836

Beds : 7

Lot Size : 0.07 Acre

Living Area Size : 5,500

Year Built : 1900

County : BALTIMORE CITY

Subdivision: Charles Village

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Feature Features

  • Bedroom Information

    Total beds: 7
  • Interior Features

    Appliances: Gas Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Radiant Cooling: None

  • Building Information

    Year Built: 1900 Building Area Total: 6606 Construction Materials: Brick Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 17'6" x 184'4" Lot Size Acres: 0.07 Lot Size Source: Estimated Lot Size Square Feet: 3138

    Property Information

    Subdivision: CHARLES VILLAGE Source Property Type: Residential Income Postal Code Plus 4: 4133 Zoning Description: Licensed for 4 Dwelling Units Property SubType: Quadruplex Property Age: 126

  • Listing Price Information

    Listing Price: $570000

  • Tax Information

    Parcel Number: 0312163851 011 Tax Lot: 011 Tax Year: 2025 Annual Tax: $5900

  • Parking Information

    Parking Total: 2 Driveway

  • Location Information

    Direction: GPS WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1618 E 29th Street, Baltimore, MD, 21218 $140,000 3 -- 2,250 2,250 SqFt
2604 Garrett Avenue, Baltimore, MD, 21218 $299,900 5 -- 2,000 2,000 SqFt
811 Gorsuch Avenue, Baltimore, MD, 21218 $299,000 3 -- 2,000 2,000 SqFt
622 E 33rd Street, Baltimore, MD, 21218 $520,000 4 -- 2,492 2,492 SqFt
316 E 25th Street, Baltimore, MD, 21218 $289,000 2 -- 1,560 1,560 SqFt
112 E 20th Street, Baltimore, MD, 21218 $195,000 5 -- 2,322 2,322 SqFt
1927 Saint Paul Street, Baltimore, MD, 21218 $725,000 6 -- 3,929 3,929 SqFt
118 E 25th Street, Baltimore, MD, 21218 $299,999 6 -- 2,895 2,895 SqFt
2635 N Calvert Street, Baltimore, MD, 21218 $889,900 7 -- 3,292 3,292 SqFt
2522 N Calvert Street, Baltimore, MD, 21218 $475,000 3 -- 2,553 2,553 SqFt

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 06/20/2026 @ 04:54

MLS: MDBA2219836 LISTED BY: Will Cannon, Ben Frederick Realty, Inc. 410-235-9500 SOURCE: Bright MLS

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