Baltimore Homes with Converted Dwelling Style

Baltimore Homes with Converted Dwelling Style

Welcome to Baltimore, a vibrant city steeped in rich history and brimming with culture, creativity, and charm. Nestled in the heart of Maryland, Baltimore City offers a unique blend of urban sophistication and small-town warmth. Known for its picturesque waterfront, historic neighborhoods, and diverse culinary scene, this city is a treasure trove for those seeking a dynamic lifestyle.

One of the most intriguing features of Baltimore's real estate market is the abundance of homes with converted dwelling styles. These properties, often transformed from historic warehouses, churches, or schools, offer a distinctive character that sets them apart from traditional homes. Imagine living in a space that tells a story, with exposed brick walls, soaring ceilings, and unique architectural details that reflect the city’s rich heritage.

Converted dwellings in Baltimore not only provide an aesthetic appeal but also cater to modern living needs. Many of these homes come equipped with contemporary amenities while retaining their original charm. From loft-style apartments in the bustling Inner Harbor to spacious townhomes in quaint neighborhoods like Hampden, there’s a converted dwelling to suit every lifestyle.

Living in Baltimore means enjoying access to world-class attractions, including the renowned National Aquarium, the vibrant arts scene in the Bromo Arts District, and the eclectic shops and restaurants of Fells Point. With its friendly communities and rich cultural tapestry, Baltimore is not just a place to live; it’s a place to thrive. Explore the unique opportunities that await you in a converted dwelling in this remarkable city—where history meets modernity, and every corner has a story to tell.

Newest Baltimore Homes with Converted Dwelling Style

$305,000
2018 McCulloh Street is a three-unit apartment building offering two one-bedroom apartments and one one-bedroom apartment with a den. The property is priced at $101,667 per unit, with current rents already near projected market levels. A new owner can improve income without relying on substantial rent increases or major renovations. Projected operations support a 9.32% cap rate and 12.1% cash-on-cash return. Kitchens include wood cabinetry, laminate countertops, 30-inch gas ranges, built-in microwaves, stainless-steel sinks, and garbage disposals. Bathrooms feature modern vanities, ceramic tile flooring and tub enclosures, including jetted bathtubs in two apartments. Each unit also includes central air conditioning, an individual electric water heater, and a stack washer and dryer. The property has four electric meters, three gas meters, and 400-amp electrical service. Tenants pay their separately metered electric usage, while the landlord currently pays for heat and water/sewer. The building is certified Limited Lead Free, reducing annual fees and the paperwork and inspection costs typically associated with tenant turnover. Located in Druid Heights, 2018 McCulloh Street is convenient to North Avenue, Pennsylvania Avenue, the Penn-North Metro station, and several major bus routes. The surrounding area has also been the focus of ongoing community development and housing investment, including projects targeting the McCulloh Street and Druid Hill Avenue corridors

2018 Mcculloh St, Baltimore

Listing courtesy of Ben Frederick Realty, Inc.. Contact: 4102359500
$365,000
2507 North Charles Street presents a rare opportunity to acquire a four-unit apartment building in the heart of Charles Village. Held under long-term ownership, the property offers multiple paths to create value through apartment renovations, improved management, utility bill-backs, and capital improvements over time. The building contains two two-bedroom apartments, one one-bedroom apartment, and one studio apartment, and features a central gas-fired boiler with radiator heat, four electric meters, five gas meters, and a rubber membrane roof replaced in 2024. Located along the vibrant North Charles Street corridor, residents enjoy walkable access to restaurants, coffee shops, boutiques, art venues, and neighborhood conveniences. Johns Hopkins University's Homewood Campus is just five blocks north, providing a consistent source of housing demand in one of Baltimore City's most desirable rental neighborhoods. With an asking price of just $91,250 per apartment, the property offers an attractive entry point into the Charles Village market and the opportunity to increase rents as apartments are renovated and operations are modernized. The property also passes the FHA self-sufficiency test, making it an excellent opportunity for an owner-occupant seeking to live in one apartment while the rental income from the remaining units helps offset the monthly housing expense.

2507 N Charles St, Baltimore

Listing courtesy of Ben Frederick Realty, Inc.. Contact: 4102359500
$710,000
5 Beds ⋅ 4 Baths
Rare opportunity to own an updated, income-producing triplex in the heart of Hampden! This character-filled end-unit rowhome offers three currently occupied units with leases extending through 2027, providing immediate rental income for its next owner. All three units are one-bedroom residences; however, Unit 2—considered the owner’s suite—spans two levels and features two full bathrooms, along with a walkout from the kitchen to a large deck, patio and private fenced backyard—an exceptional setup for future owner occupancy or continued rental use. The end-unit location provides additional natural light and outdoor space, including a generous side yard. Off-street parking—an especially rare find in Hampden—adds even more value and convenience. Ideally situated just a three-minute walk from The Rotunda and approximately five minutes from 36th Street, better known as “The Avenue,” residents enjoy easy access to restaurants, coffee shops, locally owned boutiques, entertainment, fitness options and everyday conveniences. The property also offers convenient access to Johns Hopkins University, Loyola University Maryland, Notre Dame of Maryland University, Towson University and other major Baltimore institutions and employment centers. With its prime location, distinctive architectural character, desirable amenities and established rental income, this turnkey multifamily property is a standout addition to any investment portfolio. Don’t miss the opportunity to own a rarely available triplex in one of Baltimore’s most recognizable neighborhoods!

3427 Keswick Rd, Baltimore

Listing courtesy of Realty One Group Universal. Contact: (443) 991-5942
$710,000
Rare opportunity to own an updated, income-producing triplex in the heart of Hampden! This character-filled end-unit rowhome offers three currently occupied units with leases extending through 2027, providing immediate rental income for its next owner. All three units are one-bedroom residences; however, Unit 2—considered the owner’s suite—spans two levels and features two full bathrooms, along with a walkout from the kitchen to a large deck, patio and private fenced backyard—an exceptional setup for future owner occupancy or continued rental use. The end-unit location provides additional natural light and outdoor space, including a generous side yard. Off-street parking—an especially rare find in Hampden—adds even more value and convenience. Ideally situated just a three-minute walk from The Rotunda and approximately five minutes from 36th Street, better known as “The Avenue,” residents enjoy easy access to restaurants, coffee shops, locally owned boutiques, entertainment, fitness options and everyday conveniences. The property also offers convenient access to Johns Hopkins University, Loyola University Maryland, Notre Dame of Maryland University, Towson University and other major Baltimore institutions and employment centers. With its prime location, distinctive architectural character, desirable amenities and established rental income, this turnkey multifamily property is a standout addition to any investment portfolio. Don’t miss the opportunity to own a rarely available triplex in one of Baltimore’s most recognizable neighborhoods!

3427 Keswick Rd, Baltimore

Listing courtesy of Realty One Group Universal. Contact: (443) 991-5942
$260,000
2407 Maryland Avenue presents a three-unit apartment building in Baltimore's Old Goucher neighborhood, offering investors immediate income with meaningful upside. Simply bringing the existing rents to current market levels is projected to increase gross rental income by nearly $1,000 per month, resulting in a projected 10.4% return on investment—all without requiring extensive renovations. The property has been under long-term ownership and reflects deferred maintenance and cosmetic wear consistent with many years of ownership. Investors have the flexibility to execute an improvement strategy that matches their budget and investment goals, whether through routine cosmetic updates, mid-grade renovations, complete apartment rehabs as units become available, or capital improvements to the building's systems and common areas. Additional improvements beyond market rent alignment may support even stronger rental performance and long-term appreciation. Located in the heart of Old Goucher, residents enjoy walkable access to Johns Hopkins University Homewood Campus, Penn Station, the Station North Arts District, and the Charles Village commercial corridor. With approximately 85% of neighborhood residents renting their homes, Old Goucher continues to provide a deep tenant pool supported by nearby employers, universities, restaurants, and public transportation.

2407 Maryland Ave, Baltimore

Listing courtesy of Ben Frederick Realty, Inc.. Contact: 4102359500
$435,000
1816 Saint Paul Street presents a four-unit apartment building in Baltimore's Charles North neighborhood, ideally situated between Charles Village and Midtown. The property includes three one-bedroom apartments and one studio apartment with current rents already near market, allowing investors to acquire a property that performs today. The all-electric building is certified Lead-Free and features individually controlled heating and cooling in each apartment, on-site coin-operated laundry, and two rear off-street parking spaces with additional income potential. Owner-occupants may also find 1816 Saint Paul Street particularly attractive. Using the suggested 80% loan-to-value financing scenario, the rental income from the remaining three apartments totals $3,475 per month against a projected monthly PITI payment of approximately $2,771. Before operating expenses, this creates a projected monthly surplus of approximately $704, allowing an owner to offset a significant portion of their housing costs while building long-term equity. Located just three blocks from Penn Station, one block south of the Station North Arts & Entertainment District, and four blocks from the University of Baltimore, the property benefits from one of Baltimore's strongest rental corridors. Residents enjoy convenient access to public transportation, major employers, restaurants, entertainment, and higher education, supporting long-term rental demand. Whether purchased as an investment or owner-occupied asset, 1816 Saint Paul Street offers stable in-place income in a premier Midtown location.

1816 Saint Paul St, Baltimore

Listing courtesy of Ben Frederick Realty, Inc.. Contact: 4102359500
$500,000
601-603 Whitelock Street presents an opportunity to acquire a fully detached five-unit apartment building in Baltimore's Reservoir Hill neighborhood at an attractive basis of just $100,000 per apartment. Unlike many value-add opportunities requiring significant renovation, this property has already been updated with durable finishes appropriate for today's rental market, allowing a new owner to focus on leasing rather than construction. The property consists of five one-bedroom apartments, including one unique two-story unit. Interiors feature granite countertops, wood cabinetry, ceramic tile backsplashes, modern bathrooms, recessed lighting, and stacked washers and dryers in every apartment. The recent renovations were completed with durable, low-maintenance finishes that fit the neighborhood and position the property for immediate lease-up rather than a costly renovation program. Each apartment is self-contained with individually metered gas and electric service, paid directly by the tenants. Every unit is served by a 90+ efficient gas-fired forced-air furnace with central air conditioning and its own 50-gallon water heater. The building features 400-amp electrical service and Hersey water meters already installed for future water bill-backs, creating an opportunity to reduce operating expenses and improve net operating income. A previous Limited Lead-Free certification also indicates the potential to recertify the building, reducing administrative requirements at future turnovers. Reservoir Hill continues to benefit from substantial public and private investment. Just steps from the property, the newly reopened walking loop around Druid Lake has restored one of Baltimore's signature recreational destinations following the City's landmark reservoir modernization project. Less than one-half mile away, MCB Real Estate is developing the $170 million Reservoir Square, anchored by a new Streets Market grocery store, retail, and neighborhood services. These investments continue to strengthen one of Baltimore's most historic neighborhoods while improving everyday convenience for residents. For investors seeking an affordable apartment acquisition with modern interiors, individually metered utilities, and meaningful neighborhood momentum, 601-603 Whitelock offers the opportunity to acquire a renovated asset, lease it up immediately, and participate in the continued revitalization of Reservoir Hill.

601 Whitelock St, Baltimore

Listing courtesy of Ben Frederick Realty, Inc.. Contact: 4102359500
$470,000
2810 Saint Paul Street presents a Charles Village value-add apartment building offered at just $117,500 per unit, with below-market rents, deferred maintenance, and a long-term ownership history. Rather than paying a premium for someone else's renovation choices, investors have the opportunity to improve the property at their own pace and to their own specifications. Whether through cosmetic apartment updates, phased renovations as units become available, utility bill-backs, basement electric separation, or future capital improvements to the building's systems and common areas, 2810 Saint Paul Street offers multiple paths to increased income and long-term value. The building includes 2 two-bedroom apartments and 2 one-bedroom apartments. The building is separately metered with four gas meters and four electric meters, and investors may further improve operations by separating the basement apartment's electric service and implementing a water bill-back program. These operational improvements can reduce expenses while complement future rent growth. Combined with below-market rents and multiple opportunities to increase income and improve operations, this is the type of investment where thoughtful improvements can create meaningful long-term value. As apartments are updated over time, a new owner can better compete for Johns Hopkins students, faculty, employees, and other renters seeking renovated housing in Charles Village, supporting higher rents and continued appreciation.

2810 Saint Paul St, Baltimore

Listing courtesy of Ben Frederick Realty, Inc.. Contact: 4102359500
$775,000
1 Beds ⋅ 2 Baths
Welcome to unit 1413 at Silo Point — one of Baltimore's most iconic addresses. This expansive 2,388 sq ft residence offers a rare combination of scale, style, and sweeping waterfront views from the 14th floor of this celebrated converted grain elevator in the heart of Locust Point. The open-concept living and dining area features soaring 19-foot ceilings, rich hardwood floors, recessed lighting, and motorized window treatments that frame breathtaking panoramic views of the Patapsco River and harbor. The gourmet kitchen is equipped with quartz countertops, stainless steel appliances, a built-in bar, and a wine refrigerator — ideal for entertaining. The generous primary suite includes a large step-in closet and an updated private bath. Step outside to the sprawling 847 sq ft terrace balcony where harbor views stretch in every direction. The unit includes an in-unit laundry room and two deeded garage parking spaces. Building amenities include a 24-hour front desk, fitness center, game room, sky lounge, and elevators. Minutes from restaurants, shops, and waterfront attractions in Locust Point.

1200 Steuart St Unit #1413, Baltimore

Listing courtesy of Homecoin.com. Contact: 8884002513
$350,000
2405 Barclay Street offers a unique opportunity for an owner-occupant seeking to build long-term wealth through real estate. By living in one apartment and renting the remaining two, a purchaser can offset a significant portion of the monthly housing expense while benefiting from rental income, principal reduction, and future appreciation. With three one-bedroom apartments, individual utilities, and below-market rents that offer future upside, the property provides both immediate housing and the opportunity to grow cash flow over time as apartments turn over. Example Owner-Occupant Financing Scenario* ●3.5% Down Payment ●Purchase Price: $369,000 ●Loan Amount: $356,085 ●Interest Rate: 6.00% ●30-Year Fixed Mortgage ●Estimated Monthly PITI + Mortgage Insurance: $3,064 ●Rental Income from Two Apartments: $2,600/month ●Estimated Monthly Housing Cost for Owner: Approximately $464/month *Illustrative financing example only. Financing programs, down payment requirements, occupancy requirements, and loan approval vary by lender. For investors, at $116,667 per unit, 2405 Barclay Street offers a lower-cost opportunity to acquire a three-unit apartment building in one of central Baltimore's most renter-supported neighborhoods. Recent census data indicates that 58% of neighborhood households rent their homes, while the surrounding housing stock remains predominantly single-family, helping support continued demand for apartment housing. Current rents remain below market, creating an opportunity to increase income as apartments turn over. For an investor utilizing conventional financing with a 20% down payment, the property produces a projected 8.75% capitalization rate and a 10.2% cash-on-cash return at market rents, illustrating the long-term income potential available through market rent alignment.

2405 Barclay St, Baltimore

Listing courtesy of Ben Frederick Realty, Inc.. Contact: 4102359500
$530,000
2945 Saint Paul Street presents a Charles Village value-add apartment building with below-market rents, deferred maintenance, and a long-term ownership history. Rather than paying a premium for someone else's renovation choices, investors have the opportunity to improve the property at their own pace and to their own specifications. Whether through cosmetic apartment updates, comprehensive renovations, operational improvements, or capital upgrades to the building's systems and common areas, 2945 Saint Paul Street offers multiple paths to increased income and long-term value. The property includes 2 two-bedroom apartments, 1 one-bedroom apartment, and 1 studio apartment. Apartment interiors reflect varying levels of renovation completed over time, giving a new owner the flexibility to renovate as units become available while preserving rental income. Kitchens feature wood cabinetry, laminate countertops, gas ranges ranging from 20" to 30", and practical layouts that can be updated to match a buyer's renovation budget. Bathrooms include modern vanities with a mix of steel and cast-iron tubs and vinyl, fiberglass, or ceramic tile surrounds. The building is served by a central gas-fired boiler with radiator distribution and a central gas-fired hot water heater. Five electric meters provide separate electric service to each apartment plus public service, while two gas meters serve the building. A new owner may find opportunities to further improve operating efficiency through utility refinements and expense reimbursements. 2945 Saint Paul Street is located on one of Charles Village's most recognizable residential corridors, just 1 blocks from Johns Hopkins University. The surrounding area continues to attract students, faculty, medical professionals, and long-term residents, supporting consistent rental demand. Combined with the property's value-add characteristics, this location provides investors with the opportunity to create value in one of Baltimore City's most established and desirable apartment markets.

2945 Saint Paul St, Baltimore

Listing courtesy of Ben Frederick Realty, Inc.. Contact: 4102359500
$375,000
873 West Lombard Street presents a 3-unit Hollins Market apartment building with performing in-place income, a central west-side location, and modest remaining upside. Offered at $375,000, the property is projected at an 8.46% cap rate and 9.24% cash-on-cash return. Existing rents are close to market, giving investors current performance without depending on a heavy rent-growth or turnover strategy. With 3.5% down owner-occupied financing, a buyer could live in one apartment while rental income from the remaining units offsets most of the monthly payment. Based on projected rental income of $2,400 and estimated monthly PITI + PMI of $3,064, the buyer’s estimated net housing cost would be approximately $664/month before other ownership expenses — a compelling alternative to traditional renting while building equity in a 3-unit Baltimore multifamily property. With 20% down, an owner-occupant could live in one apartment for an estimated net housing cost of just $164/month, while rental income from the remaining units offsets most of the monthly payment. The building includes two two-bedroom apartments and one one-bedroom apartment. Kitchens include wood cabinetry, laminate countertops, 30” gas ranges, and stainless-steel sinks. Bathrooms include modern vanities and steel tubs, with two ceramic tile surrounds and one fiberglass surround. A coin-operated laundry room is located on the first floor. Each apartment has its own gas-fired forced-air furnace. Units 1 and 2 are served by a central 40-gallon gas-fired water heater installed in 2017, while Unit 3 has its own 29-gallon gas-fired water heater. The building has four electric meters, 300 amps of total electric service, and three gas meters. Water reimbursement is partially in place, giving a new owner the opportunity to standardize reimbursement language at renewal or turnover. 873 West Lombard is just two blocks from UMB graduate schools, with UMMC, the BioPark, downtown Baltimore, Martin Luther King Jr. Boulevard, and the B&O Railroad Museum nearby. Recent Census data shows the surrounding area is 85% renter-occupied, reinforcing the rental-heavy profile of this Hollins Market location. For investors, the appeal is straightforward: income is already in place, the building systems are manageable, and the location is supported by nearby educational, medical, employment, and cultural anchors.

873 W Lombard St, Baltimore

Listing courtesy of Ben Frederick Realty, Inc.. Contact: 4102359500
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