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… Read More 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. Read Less
Courtesy of Thomas H Fair, Ben Frederick Realty, Inc. 410-235-9500
Listing Snapshot
Days Online
19
Last Updated
Property Type
Quadruplex
Square Ft.
3,130
Lot Size
0.05 Acres
Year Built
1902
MLS Number
MDBA2221216
Additional Details
Building
Built in 1902, Living area: 3130, Construction Materials: Brick
Cooling
Window Unit(s)
Accessibility Features
None
Foundation
Brick/Mortar
Heating
Radiator
Lot
0.05 acres, Dimensions: 16' x 123'
Parking
Concrete Driveway
Property
Other structures: Above Grade, Below Grade
Sewer
Public Sewer
Taxes
Annual Amount: $5,900, Lot: 020, Year: 2025, Zoning: R-8, Zoning description: Licensed for 4 Dwelling Units
Utilities
Water Source: Public
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