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$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
$305,000
Owned and operated by the same owner for approximately 50 years, 2708 Maryland Avenue has seen no capital improvements over that time and is offered at a low cost per unit in the Charles Village corridor. The property presents a clear opportunity to increase income through tenant turnover, interior renovations, and improved management. Investors can pursue multiple strategies, including stabilizing rents to market levels or executing a phased renovation program to unlock higher rental potential. Three-unit investment opportunity in Charles Village, located just four blocks from Johns Hopkins University’s Homewood Campus and Wyman Park Dell. Offered at $305,000 ($101,667 per unit), the property presents a projected 11.7% cash-on-cash return at market rents based on comparable apartments in similar condition. The building is configured as two one-bedroom apartments and one studio apartment. The property meets FHA self-sufficiency guidelines, offering an attractive opportunity for an owner-occupant. With as little as 3.5% down, an owner could occupy one unit, rent the remaining units, and achieve an estimated net housing cost of approximately $233/month, including principal, interest, taxes, insurance, and PMI. With 20% down, the estimated net housing cost is approximately $314/month. (Estimates exclude utilities and are based on current projections.) Located along the Maryland Avenue corridor, tenants enjoy walkable access to the Charles Village Shopping District, the Maryland Avenue Cycle Track, and numerous dining and retail options. The neighborhood is supported by strong, institutionally driven rental demand from Johns Hopkins University and surrounding employment centers. For investors seeking additional value, targeted interior upgrades — including kitchens, baths, and flooring — could position units to achieve rents of $1,500+ per month in this proven rental corridor.

2708 Maryland Ave, Baltimore

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