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2018 McCulloh St
Baltimore, MD 21217
21-Unit Unit Mixed Portfolio in East Bal · Multifamily Property For Sale
INVESTMENT HIGHLIGHTS
- Day One Cap Rate: 7.8%, with upside to 10–12% at market rents.
- Interior Features: Some units feature high ceilings, fresh paint, hardwood floors, central air, stainless steel appliances, and washers/dryers in sele
- Tenant Amenities: Detached garage at 1918 McCulloh St provides additional appeal.
- Unit Mix: Six properties with 12 one-bedroom, 5 two-bedroom, 2 studio units, and 2 fully leased commercial spaces.
- Lead-Free Certification: All units are limited lead-free.
EXECUTIVE SUMMARY
Financial Highlights
This 21-unit Baltimore portfolio delivers a Day One cap rate of 7.8%, with a clear path to 10–12% once market rents are achieved. Current rents average $1,020 per unit versus market levels of $1,250–$1,350, creating ~$4,600/month ($55,000 annually) in upside. The portfolio includes two leased commercial suites and several vacant units ready for lease-up to boost revenue.
Property Highlights
The portfolio spans six East Baltimore properties with 12 one-bedrooms, five two-bedrooms, two studios, and two commercial spaces. Units feature efficient layouts, hardwood floors, abundant light, and many are move-in ready with central air, updated kitchens/baths, and in-unit laundry. Kitchens include modern appliances, and 1918 McCulloh offers a garage. At 30 E 25th St, a mixed-use building adds diversity with both residential and commercial income.
Location Highlights
Properties are located in strong Baltimore neighborhoods. McCulloh St. (21217) serves 31,000+ residents near Bolton Hill Plaza, Mondawmin Mall, and State Center Metro. 30 E 25th St. sits in Charles Village (8,200+ residents) with walkability to BMA, Penn Station, and Waverly Market. 2405 Barclay St. is in the revitalizing Barclay/Harwood area (5,800+ residents) near Station North Arts District. Demand is supported by major anchors including Johns Hopkins University & Hospital and the University of Maryland system.
This 21-unit Baltimore portfolio delivers a Day One cap rate of 7.8%, with a clear path to 10–12% once market rents are achieved. Current rents average $1,020 per unit versus market levels of $1,250–$1,350, creating ~$4,600/month ($55,000 annually) in upside. The portfolio includes two leased commercial suites and several vacant units ready for lease-up to boost revenue.
Property Highlights
The portfolio spans six East Baltimore properties with 12 one-bedrooms, five two-bedrooms, two studios, and two commercial spaces. Units feature efficient layouts, hardwood floors, abundant light, and many are move-in ready with central air, updated kitchens/baths, and in-unit laundry. Kitchens include modern appliances, and 1918 McCulloh offers a garage. At 30 E 25th St, a mixed-use building adds diversity with both residential and commercial income.
Location Highlights
Properties are located in strong Baltimore neighborhoods. McCulloh St. (21217) serves 31,000+ residents near Bolton Hill Plaza, Mondawmin Mall, and State Center Metro. 30 E 25th St. sits in Charles Village (8,200+ residents) with walkability to BMA, Penn Station, and Waverly Market. 2405 Barclay St. is in the revitalizing Barclay/Harwood area (5,800+ residents) near Station North Arts District. Demand is supported by major anchors including Johns Hopkins University & Hospital and the University of Maryland system.
PROPERTY FACTS
| Price / SF | $120.29 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 14,548 SF |
| Status | Active | Total Land Area | 0.99 AC |
| Number of Properties | 6 |
| Price / SF | $120.29 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 14,548 SF |
| Total Land Area | 0.99 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 30 E 25th St, Baltimore, MD 21218 | Multifamily | 3,398 SF | 1900 | - |
| 1918 McCulloh St, Baltimore, MD 21217 | Multifamily | 2,700 SF | 1920 | - |
| 2018 McCulloh St, Baltimore, MD 21217 | Multifamily | 2,440 SF | 1920 | - |
| 2014 McCulloh St, Baltimore, MD 21217 | Multifamily | 2,440 SF | 1900 | - |
| 2016 McCulloh St, Baltimore, MD 21217 | Multifamily | 2,280 SF | 1920 | - |
| 2405 Barclay St, Baltimore, MD 21218 | Multifamily | 1,290 SF | 1900 | - |
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