1628 N Calvert St, Baltimore, MD 21202
Local realty services provided by:Better Homes and Gardens Real Estate Murphy & Co.
1628 N Calvert St,Baltimore, MD 21202
$450,000
- 3 Beds
- 3 Baths
- 2,640 sq. ft.
- Townhouse
- Pending
Listed by: yemurai k pollard
Office: monument sotheby's international realty
MLS#:MDBA2210052
Source:BRIGHTMLS
Price summary
- Price:$450,000
- Price per sq. ft.:$170.45
About this home
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....
Contact an agent
Home facts
- Year built:1900
- Subdivision & Development:STATION NORTH ARTS DISTRICT
- Listing ID #:MDBA2210052
- Added:184 day(s) ago
- Updated:October 09, 2026 at 08:57 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:3
- Flooring:Ceramic Tile, Hardwood, Luxury Vinyl Plank
- Kitchen Description:Built-In Microwave, Dishwasher, Icemaker, Oven/Range - Electric, Recessed Lighting, Refrigerator, Stainless Steel Appliances, Water Heater
- Basement:Yes
- Basement Description:Partially Finished
- Living area:2,640 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central A/C
- Heating:Central, Electric
Structure and exterior
- Year built:1900
- Building area:2,640 sq. ft.
- Lot area:0.01 Acres
- Lot Features:Downtown, Road Frontage
- Architectural Style:Federal
- Construction Materials:Brick
- Exterior Features:Deck(s), Sidewalks
- Levels:4 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$450,000
- Price per sq. ft.:$170.45
- Tax amount:$7,399 (2025)
Features and amenities
- Laundry features:Dryer In Unit, Washer In Unit, Washer/Dryer Stacked
- Amenities:Ceiling Fan(s), Recessed Lighting, Skylight(s)
Parking
- Parking description:Attached Carport, Off Street, Parking Space Conveys, Paved Parking
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