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2106 Saint Paul St
Baltimore, MD 21218
Multifamily Property For Sale
·
7 Units
Investment Highlights
- Fully Occupied Property: Stable tenant base ensures consistent cash flow.
- Controlled Operating Expenses: Expenses increase moderately from $41,592 ? $48,656, reflecting a conservative 40% escalation over 5 years.
- Improving Capitalization Rate: Cap rate strengthens from 8.10% ? 9.48%, enhancing projected return on investment.
- Strong Income Growth: Gross rental income projected to rise from $103,979 (Year 1) ? $121,640 (Year 5), based on 4% annual rent growth assumption
- Increasing Net Operating Income (NOI): NOI grows steadily from $62,387 ? $72,984, highlighting operational efficiency.
- Attractive Long-Term Investment: Strong income potential, stable operations, and favorable market trends make this a compelling property for investors
Executive Summary
2106 St. Paul Street is a fully occupied 7-unit multifamily asset offering a stable and predictable income profile over a five-year hold. Gross rental income is projected to increase from $103,979 in Year 1 to $121,640 by Year 5, based on a conservative 4% annual rent growth assumption. Operating expenses are expected to rise from $41,592 to $48,656, while Net Operating Income increases from $62,387 to $72,984. Over this period, the capitalization rate improves from 8.10% to 9.48%, highlighting the property’s durability and income growth potential.
The seller is offering attractive seller financing, allowing buyers to reduce upfront capital requirements, improve cash-on-cash returns, and secure more flexible terms than traditional financing—materially enhancing overall deal economics.
The property includes coin-operated laundry for additional income and rear parking slots available, providing operational and revenue benefits.
Located in Charles Village, the property has a Walk Score® of 96, indicating that most daily services and amenities are accessible on foot, with proximity to public transportation and established commercial corridors.
The seller is offering attractive seller financing, allowing buyers to reduce upfront capital requirements, improve cash-on-cash returns, and secure more flexible terms than traditional financing—materially enhancing overall deal economics.
The property includes coin-operated laundry for additional income and rear parking slots available, providing operational and revenue benefits.
Located in Charles Village, the property has a Walk Score® of 96, indicating that most daily services and amenities are accessible on foot, with proximity to public transportation and established commercial corridors.
Property Facts
| Price Per Unit | $110,000 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 7,708 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1883 |
| Apartment Style | Low-Rise | Parking Ratio | 0.43/1,000 SF |
| Building Class | C | ||
| Zoning | R-8 - A medium-density residential district, allowing for a variety of residential uses, including single-family, semi-detached, and multi-family housing | ||
| Price Per Unit | $110,000 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 7,708 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1883 |
| Parking Ratio | 0.43/1,000 SF |
| Zoning | R-8 - A medium-density residential district, allowing for a variety of residential uses, including single-family, semi-detached, and multi-family housing |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Pet Play Area
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
Property Taxes
| Parcel Number | 3810-033 | Improvements Assessment | $313,500 |
| Land Assessment | $90,000 | Total Assessment | $403,500 |
Property Taxes
Parcel Number
3810-033
Land Assessment
$90,000
Improvements Assessment
$313,500
Total Assessment
$403,500
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