$765,000
You’ll love this turnkey, house-hacking / multi-unit investment opportunity with PARKING and CHAP tax credit in Baltimore’s Art District, Station North! 1805 Saint Paul St was renovated in 2021 and is zoned as a 4-unit building. The building is separately metered and each unit has its own HVAC system, water heater, and stackable washer and dryer and features abundant natural light, modern and durable LVP flooring, well-appointed bathrooms, stylish kitchens with upscale cabinetry, quartz countertops, garbage disposals, and stainless steel appliances. All units except for the basement have direct access to either an outdoor patio or balcony deck with city views. UNIT 1 is the basement apartment, has 1 bedroom, 1 full bathroom, and was previously leased for $1,350. UNIT 2 and UNIT 3 are both 2 bedrooms, 2 full bathrooms, and are vacant and rent-ready. UNIT 2 has direct access to the rear patio and previously rented for $1,800. UNIT 3 has a private balcony deck and previously rented for $1,850. UNIT 4 is the top level apartment, has 1 bedroom, 1 full bathroom. Unit 4 has a private balcony deck and is currently rented for $1,500. The resident pays timely. The building has a rear parking pad that can accommodate 1-2 cars. The parking pad is currently unrented and is expected to generate $75 per vehicle per month. Fully rented, the building is estimated to generate $6,675 per month, a whopping $80,100 per year! Or, live in one of the apartments, use the parking pad for yourself, and collect rent from the remaining units to defray your mortgage costs. The building has a sump pump system, a fire alarm system, sprinkler system, written lease for the occupied unit, limited lead free lead certificates, rental license, and Use & Occupancy permit, all adding peace of mind. As an added bonus, there’s a CHAP tax credit that is estimated to be good through 2031. As a result, for the July 2026 – June 2027 tax year, there was a $3,255.85 tax credit, so with 5 years left, the estimated property tax savings exceeds $15,000! There is a Special Benefits Tax in this neighborhood. The current cost for the year (July 1, 2026 – June 30, 2027) for this property is $341.22. The Special Benefits Tax is a surcharge which covers additional safety and sanitation efforts to benefit the residents of the area. With its close proximity to University of Baltimore (.3 miles), MICA (Maryland Institute College of Art, .6 miles), Johns Hopkins University (1.3 miles), Baltimore’s Inner Harbor (1.8 miles), the area is booming with students and employment opportunities alike, making living here and leasing a breeze. Make 1805 Saint Paul St yours today!
1805 Saint Paul St, Baltimore
Listing courtesy of Cummings & Co. Realtors. Contact: (410) 823-0033
