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400 N Howard St 15 Unit Apartment Building $900,000 ($60,000/Unit) Baltimore, MD 21201
INVESTMENT HIGHLIGHTS
- Federal Tax Credit Approved
- Approved Permits
- Baltimore City CHAP 10 year Tax Credit Approved
EXECUTIVE SUMMARY
Welcome to 400 N Howard St! The project offers 14 residential units plus 1 commercial space, for a total of 15 units. 3-2bd/1ba units, 5-1bd/1ba units, and 6-studio apartments.
This project has BOTH approved National Park Service Historic Tax Credits as well as Baltimore City CHAP 10 year tax credits. The National Park Service tax credit represents approximately $500,000 in Federal Tax Credits and the Baltimore City CHAP credit represents approximately an additional $45,000/year for 10 years in tax savings.
The project is under approved permits, and is ready to begin work immediately.
The building's proforma shows approximately $205k in annual potential rent. Architectural drawings, tax credit approvals, and approved City permit copies are loaded into the documents section.
This project has BOTH approved National Park Service Historic Tax Credits as well as Baltimore City CHAP 10 year tax credits. The National Park Service tax credit represents approximately $500,000 in Federal Tax Credits and the Baltimore City CHAP credit represents approximately an additional $45,000/year for 10 years in tax savings.
The project is under approved permits, and is ready to begin work immediately.
The building's proforma shows approximately $205k in annual potential rent. Architectural drawings, tax credit approvals, and approved City permit copies are loaded into the documents section.
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$205,200
|
$17.10
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$205,200
|
$17.10
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $205,200 |
| Annual Per SF | $17.10 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $205,200 |
| Annual Per SF | $17.10 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 0562-020 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $164,167 (2025) |
PROPERTY TAXES
Parcel Number
0562-020
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$164,167 (2025)
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400 N Howard St
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