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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
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