Pending: $450000, 1628 N CALVERT ST, BALTIMORE, MD, 21202 MLS: MDBA2210052

MDBA2210052

Pending: 1628 N CALVERT ST, BALTIMORE, MD, 21202

3
Beds
3.0
Bath
$450,000
Price
2640 Sq. ftLiving Area

Significant Price Refinement ($190,500)! Turnkey triplex opportunity in the heart of Station North offering stabilized income with upside potential. This fully renovated and fully furnished three-unit property features (3) one-bedroom, one-bath apartments with luxury vinyl plank flooring, exposed brick, granite countertops, stainless steel appliances, in-unit laundry, central air, separate gas and electric meters (owner pays water), basement storage, and a rear parking pad accommodating up to four vehicles.

The 2025 T12 reflects:

• Gross Operating Income: $38,621.57
• Total Operating Expenses: $7,205.40
• Net Operating Income (NOI): $31,416.17

Please note the 2025 income reflects vacancy and turnover periods, along with several one-time expenses including HVAC maintenance, door replacement, and make-ready costs.

Current rent roll has improved:

• Unit 2: Leased as of early February at $1,450/month
• Unit 3: Leased as of early February at $1,450/month
• Unit 1: Currently vacant, previously leased at $2,050/month

At full stabilization based on prior lease amounts, the property supports approximately $4,950/month, or $59,400 annually in gross rental income.

Located steps from Penn Station, near MICA, minutes to I-83 and Downtown, and within walking distance to two Johns Hopkins shuttle stops, this location continues to drive strong rental demand from medical professionals, graduate students, faculty, and downtown employees.

Ideal for:
• Buy-and-hold investors
• Furnished mid-term rental strategy
• House hackers seeking income offset
• Portfolio investors targeting Station North growth

Full T12, expense breakdown, and pro forma analysis available upon request.

Situated just steps from the $50,000,000 Penn Station redevelopment, 1628 N Calvert St offers exceptional upside in a rapidly growing corridor. Easy-to-rent units, top-of-market rents, strong appreciation potential, and flexible rental strategies make this an outstanding addition to any portfolio. Schedule your showing today and capitalize on one of Baltimore’s most dynamic investment locations.

Buyer to pay a short sale negotiation fee of $6,000.00 or 2% of the purchase price, whichever is greater, upon closing. Subject to third party approval. Unit 2 and 3 are currently rented.

Status: Pending
MLS #: MDBA2210052
Days On Market: 11
Taxes: $7399 / 2025
Property Type: Residential
Year Built: 1900
Lot Size: 0.01 / 435.6
InteriorFeatures: Bathroom - Stall Shower, Ceiling Fan(s), Floor Plan - Open, Floor Plan - Traditional, Recessed Lighting, Skylight(s), Wood Floors
Courtesy of: Monument Sotheby's International Realty