Property
Beds
3
Full Baths
None
1/2 Baths
None
Year Built
1883
Sq.Footage
3,480
2106 St. Paul Street is a fully occupied 7-unit multifamily asset offering a stable and predictable income profile over a five-year hold. Gross rental income is projected to increase from $103,979 in Year 1 to $121,640 by Year 5, based on a conservative 4% annual rent growth assumption. Operating expenses are expected to rise from $41,592 to $48,656, while Net Operating Income grows steadily from $62,387 to $72,984. Over this period, the capitalization rate improves from 8.10% to 9.48%, highlighting the property’s durability and income growth potential. The seller is offering attractive seller financing, providing buyers with the opportunity to reduce upfront capital requirements, enhance cash-on-cash returns, and secure more flexible terms than traditional financing—materially improving overall deal economics. The building features original hardwood floors, a first-floor balcony, and a basement patio, complemented by coin-operated laundry, on-site storage, and parking, all of which add tenant appeal and ancillary income potential. Energy-efficient appliances and LED lighting help keep operating costs efficient. Situated in Charles Village, the property benefits from a highly walkable, transit-oriented location near major universities, medical centers, retail corridors, and public transportation, supporting consistent tenant demand and long-term investment stability.
Features & Amenities
Interior
-
Total Bedrooms
3
-
Bathrooms
N/A
-
Above Grade Finished Area
3480.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Other
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Radiant
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
NO
Area & Lot
-
Property Type
Residential Income
-
Property Sub Type
Townhouse
-
Architectural Style
Other
Price
-
Sales Price
$770,000
-
Tax Amount
9894.46
-
Sq. Footage
3, 480
-
Price/SqFt
$221
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Foundation Details
Brick/Mortar
-
Sewer
Public Sewer
-
Tax Lot
033
-
Water Source
Public
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Location
County
BALTIMORE CITY
Elementary School
Middle School
High School
Listing Courtesy of Yaakov Kanevsky , Midfield Realty
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