2,774 SqFt
2,774 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,774 sqft
Price per Sqft $155
Subdivision Charles Village
MLS Listing ID MDBA2234060
Style Converted Dwelling
Abv Grd Liv Area 2,374
Year Built 1900
Annual Tax Amount $5,545
Tax Year 2026
Lot Size 1,968 Sqft
Acres 0.05
Lot Dimensions 16'6\" x 123'
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
● Multiple Paths to Increased Income: Below-market rents, one parking space and potential tenant utility reimbursements provide several ways to increase income without completing a full renovation at once.
● Long-Term Renovation Potential: Apartments can be renovated to the studs in phases, with individual mechanical systems and upgraded finishes supporting higher rents and long-term demand from the surrounding Johns Hopkins community.
2704 North Calvert Street offers four fully leased one-bedroom apartments in varying condition, providing existing income with improvements that can be completed over time. Two apartments have updated kitchens with Shaker-style wood cabinets and newer laminate countertops. The remaining kitchens have a mix of wood and metal cabinetry. Kitchens include 20-inch or 30-inch gas ranges and stainless-steel or porcelain sinks.
Bathrooms have wall-mounted sinks or modern vanities, steel or cast-iron tubs, and ceramic tile or fiberglass surrounds. Apartments retain primarily plaster walls and ceilings with a mix of hardwood and vinyl flooring.
The building has a central gas-fired boiler with steam radiator heat and a central 40-gallon gas-fired Rheem water heater installed in 2021. There are four electric meters and five gas meters. Tenants pay their in-unit gas and electric. The landlord pays for heat, hot water and water/sewer, creating an opportunity to implement utility bill-backs. A rear wood fire escape is shared with 2702 North Calvert Street.
Owner-Occupant Financing Example: If Apartment 1 is made available for purchaser occupancy, a 3.5% down payment and $414,950 loan at 6.50% for 30 years produces an estimated monthly principal, interest, taxes, insurance and mortgage insurance payment of $3,600. Projected rents from the remaining three apartments and parking total $3,425 per month, leaving an estimated monthly housing cost of approximately $175 before utilities, repairs and maintenance. The property also passes the FHA self-sufficiency test.
Located in Charles Village near Johns Hopkins University, neighborhood shopping, dining and public transportation, the property offers existing income and multiple paths to long-term value creation through market rent alignment, utility bill-backs and phased renovations.
Location
State MD
County Baltimore City
Zoning R-8
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Window Unit(s)
Inclusions 4 gas ranges, 4 refrigerators.
Fireplace N
Heat Source Natural Gas
Exterior
Garage Spaces 1.0
Water Access N
Accessibility None
Total Parking Spaces 1
Garage N
Private Pool No
Building
Foundation Brick/Mortar, Stone
Above Ground Finished SqFt 2374
Sewer Public Sewer
Water Public
Architectural Style Converted Dwelling
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0312163842 003
Ownership Ground Rent
SqFt Source 2774
Special Listing Condition Standard
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "