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8 Units in JHU Hot Zone 1 Multifamily Properties Offered at $1,100,000 in Baltimore, MD
Investment Highlights
- Prime Charles Village / Hopkins Location – Two Blocks to Johns Hopkins Homewood Campus, anchoring consistent student and faculty rental demand
- Income Upside Through Market Rent Alignment – Opportunity to improve cash flow as leases turn and rents adjust to prevailing Hopkins-area levels
- Hopkins Shuttle Stop Two Blocks South – Free transit access to Peabody, Johns Hopkins Hospital and Bayview Medical Center, increasing tenant pool
Executive Summary
2924 and 2945 Saint Paul Street are an eight-unit apartment portfolio located just two blocks from the Johns Hopkins University Homewood campus in Baltimore’s Charles Village neighborhood. The properties sit in the heart of the Hopkins “Hot Zone,” one of the city’s most dependable rental corridors supported by students, faculty, researchers, and medical professionals.
The Johns Hopkins Shuttle stops two blocks south of the property and provides free transportation to the Peabody Institute, Johns Hopkins Hospital and research facilities on Broadway, and Bayview Medical Center, expanding the potential tenant base beyond the Homewood campus.
The portfolio offers clear income growth potential as rents align with prevailing market levels in the Hopkins corridor. Select kitchens have already been refreshed at 2924 Saint Paul, while additional interior improvements such as kitchen, bath, and flooring updates may support further rent increases over time.
Offered together as an eight-unit package, the properties provide investors with immediate scale in one of Baltimore’s strongest rental submarkets. At the offering price of $1,100,000 ($137,500 per unit), the investment supports an 8.79% cap rate and 10.4% projected cash-on-cash return, with additional upside through market rent alignment and operational efficiencies.
Located steps from Johns Hopkins University and within walking distance of the Charles Village retail corridor and Wyman Park Dell, the properties benefit from durable tenant demand and strong long-term rental fundamentals.
The Johns Hopkins Shuttle stops two blocks south of the property and provides free transportation to the Peabody Institute, Johns Hopkins Hospital and research facilities on Broadway, and Bayview Medical Center, expanding the potential tenant base beyond the Homewood campus.
The portfolio offers clear income growth potential as rents align with prevailing market levels in the Hopkins corridor. Select kitchens have already been refreshed at 2924 Saint Paul, while additional interior improvements such as kitchen, bath, and flooring updates may support further rent increases over time.
Offered together as an eight-unit package, the properties provide investors with immediate scale in one of Baltimore’s strongest rental submarkets. At the offering price of $1,100,000 ($137,500 per unit), the investment supports an 8.79% cap rate and 10.4% projected cash-on-cash return, with additional upside through market rent alignment and operational efficiencies.
Located steps from Johns Hopkins University and within walking distance of the Charles Village retail corridor and Wyman Park Dell, the properties benefit from durable tenant demand and strong long-term rental fundamentals.
Property Facts
| Price | $1,100,000 | Number of Properties | 2 |
| Price / SF | $351.44 / SF | Individually For Sale | 0 |
| Cap Rate | 8.79% | Total Building Size | 3,130 SF |
| Sale Type | Investment | Total Land Area | 0.04 AC |
| Status | Active |
| Price | $1,100,000 |
| Price / SF | $351.44 / SF |
| Cap Rate | 8.79% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 3,130 SF |
| Total Land Area | 0.04 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2945 Saint Paul St, Baltimore, MD 21218 | Multifamily | 3,130 SF | 1900 | - |
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8 Units in JHU Hot Zone
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