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Key Details
Sold Price $487,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,808 sqft
Price per Sqft $127
MLS Listing ID MDBA2115038
Sold Date 06/28/24
Style Federal
Abv Grd Liv Area 3,808
Originating Board BRIGHT
Year Built 1890
Annual Tax Amount $6,691
Tax Year 2023
Property Description
2121 Saint Paul Street offers a unique opportunity to acquire a turnkey historic 3-unit building with large 2 bed 1 bath apartments, and 2 parking spots in the rear. The building was renovated in 2016 with new kitchens, bathrooms, flooring, paint, the addition of washer dryers, Central AC, and more. The high demand for affordable housing in the area along with its fantastic proximity to local transit and local universities such as Johns Hopkins and Maryland College for the Arts (MICA) just down the street make this a popular rental for young professionals and students. It currently generates $4,200+ a month and the property has been stable and quiet with many tenants staying multiple years. The property is positioned for long term appreciation given the location, unit sizes, and the trajectory of the neighborhood. Very recent updates include new water heaters, new HVAC in unit 1, newer windows in unit 1 and 2, rear painting of the exterior, etc. There exists an opportunity to add value to the building by adding a bathroom to each unit, or digging the basement out and put in a 4th unit if allowable by Baltimore City code. With its convenient location to school and work, you will not struggle to find tenants in the future. The property sits less than 1 mile to MICA art school, Johns Hopkins, Penn Station, I-83, a grocery store, the University of Maryland Baltimore City and downtown Baltimore. Don't miss it!
Location
State MD
County Baltimore City
Zoning R-8
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Waterfront N
Water Access N
Accessibility None
Parking Type Driveway, Off Street
Total Parking Spaces 2
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Federal
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0312083811 030
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with James T Heise • Douglas Realty, LLC.