CHARIS REALTY GROUP

Federal

1628 N CALVERT STREET

BALTIMORE , MD 21202

MLS#: MDBA2202832

$678,000

Status: Active
Listing number: MDBA2202832
Listing provided by: Monument Sotheby's International Realty
Listing agent phone: None
Last update: 11 days ago
On site: 29 days ago
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Property

Beds

3

Full Baths

None

1/2 Baths

None

Year Built

1900

Sq.Footage

2,640

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.

Features & Amenities

Interior

  • Other Interior Features

    Ceiling Fan(s), Recessed Lighting, Vaulted Ceiling(s), High Ceilings

  • Total Bedrooms

    3

  • Bathrooms

    N/A

  • Above Grade Finished Area

    2640.0

  • Cooling YN

    YES

  • Cooling

    Ceiling Fan(s), Other, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Off Street, Paved, Attached Carport, Attached

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

  • View

    Street, City

Area & Lot

  • Lot Size(acres)

    0.01

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

  • Architectural Style

    Federal

Price

  • Sales Price

    $678,000

  • Tax Amount

    $7,399

  • Sq. Footage

    2, 640

  • Price/SqFt

    $256

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    4

  • Foundation Details

    Other

  • Sewer

    Public Sewer

  • Tax Lot

    023

  • Water Source

    Public

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Listing Courtesy of Yemurai K Pollard , Monument Sotheby's International Realty

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Agent Lucinda Garel-Smith

AGENT

Lucinda Garel-Smith

Call Lucinda today to schedule a private showing.

(240) 739-8702

lucinda@charisrealty.com


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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.

1628 N CALVERT STREET

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