1816 Saint Paul St - 1816 Saint Paul - Charles North Quad 4 Unit Apartment Building Offered at $618,004 CAD at a 9.37% Cap Rate Baltimore, MD 21202

1816 Saint Paul Street presents the opportunity to acquire a well-maintained four-unit apartment building in Baltimore's Charles North neighborhood. Current rents are already close to market, allowing investors to purchase a property that performs today rather than depending on extensive renovations or significant rent increases. With a projected 9.37% cap rate and 12.3% ROI, the property combines stable in-place income with long-term appreciation potential in one of Baltimore's most desirable rental markets.
The building consists of three one-bedroom apartments and one studio apartment. Apartments feature wood cabinetry, laminate countertops, modern bathrooms, and individually controlled heating and cooling. Three apartments have heat pumps with central air conditioning, while the fourth is served by a mini-split system. A shared coin-operated laundry provides a convenient tenant amenity, and two rear parking spaces create an additional income opportunity for future ownership.
The all-electric building is served by 400-amp electrical service with individual electric water heaters for each apartment. The property is certified Lead-Free, reducing owner liability while eliminating turnover inspection fees, recurring paperwork, and bi-annual exterior inspections. These operational advantages help reduce ongoing ownership costs and simplify long-term management.
Located between Charles Village and Midtown Baltimore, 1816 Saint Paul Street benefits from one of the city's strongest rental corridors. Penn Station is just three blocks south, expanding the tenant pool to include commuters traveling to Washington, D.C., New York City, and throughout the Northeast Corridor. The Station North Arts & Entertainment District begins one block north, while the University of Baltimore is four blocks away. Restaurants, entertainment, higher education, public transportation, and major employers are all within walking distance, helping support consistent tenant demand and long-term property appreciation.
Whether you're completing a 1031 exchange, expanding an existing portfolio, or acquiring your first Baltimore multifamily investment, 1816 Saint Paul Street offers stable in-place income, low ongoing management burden, and a location that continues to attract quality tenants year after year.