2711, 2727, 2730 & 2810 Saint Paul Street, Baltimore, MD 21218

Property Description

Opportunity to acquire 18 apartments across four buildings on Saint Paul Street in Charles Village, just blocks from Johns Hopkins University’s Homewood Campus. The portfolio spans two consecutive blocks, with all buildings located within 470 walking steps of one another. Offered at $94,444 per unit, the portfolio presents a clear opportunity to increase rents in one of Baltimore’s most consistent rental corridors. Comparable rentals for similar unit types range from $950 to $1,150 per month. Bringing current rents to market levels projects a 10.33% cap rate and 15.5% cash-on-cash return. The unit mix includes one rooming unit, four studios, ten one-bedroom apartments, and three two-bedroom units. Kitchens feature wood cabinetry and predominantly laminate countertops; two units include granite countertops. Units include 20” or 30” gas ranges and stainless-steel sinks. Bathrooms include a mix of modern vanities and wall-mounted sinks, with claw foot, cast iron, steel, and fiberglass tubs or shower stalls. Utility configurations vary by building and include a mix of separately metered and master-metered systems. Tenants pay for in-unit electric where separately metered, and at select properties tenants also pay for gas used for cooking. Located within the Charles Village Community Benefits District and four blocks from the Charles Village Shopping District, the portfolio benefits from strong neighborhood amenities and proximity to Johns Hopkins. A Hopkins shuttle stop one block west provides direct access to both the Homewood and Hospital campuses. 🔹 KEY HIGHLIGHTS ● Four buildings within 470 feet across the 2700 & 2800 blocks of Saint Paul — rare block-level density near Johns Hopkins ● Current rents approximately 40% below market — repositioning projects a 10.33% cap rate and 15.5% cash-on-cash return ● $94,444 per unit entry point — below prevailing pricing for renovated assets in the corridor

Property Features

Local Schools