2924 Saint Paul St, Baltimore, MD 21218
Local realty services provided by:Better Homes and Gardens Real Estate Cassidon Realty
2924 Saint Paul St,Baltimore, MD 21218
$485,000
- 7 Beds
- - Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: will a cannon iii
Office: ben frederick realty, inc.
MLS#:MDBA2219836
Source:BRIGHTMLS
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Price summary
- Price:$485,000
About this home
2924 Saint Paul Street presents a Charles Village value-add apartment building with below-market rents, deferred maintenance, and long-term ownership history. Investors have the flexibility to execute a renovation strategy that matches their budget and goals, whether through cosmetic apartment updates, mid-grade renovations, complete gut rehabs as units become available, or capital improvements to the building’s systems and common areas.
The property consists of 4 apartments: 3 two-bedroom apartments and 1 one-bedroom apartment. The apartments are notably large, with two bi-level layouts, Apartment 2 occupying the full second floor, and Apartment 3 occupying the full third floor. Kitchens have been modernized over time with newer laminate countertops, wood cabinetry, and 20" or 30" gas ranges. Bathrooms have modern vanities and steel or cast-iron tubs, with surrounds consisting of vinyl, fiberglass, or ceramic tile.
2924 Saint Paul is located just two blocks from Johns Hopkins University’s Homewood campus and one block east of Wyman Park Dell, placing the property directly in one of Baltimore’s strongest student and professional rental corridors. The Johns Hopkins Shuttle stops just two blocks south, connecting riders to Peabody, Johns Hopkins Hospital, Broadway research facilities, and Bayview Medical Center.
Current rents remain below prevailing market levels in the Hopkins corridor, creating a clear path to income growth as leases turn. At the asking price of $570,000, the property is offered at $142,500 per unit and $182 per sq. ft., with projected market-rent metrics of 7.7x GRM, 8.70% cap rate, and 10.0% projected cash-on-cash return. A rare opportunity to acquire a 4-unit Charles Village apartment building with large layouts, rent growth upside, and long-term demand driven by Johns Hopkins University....
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Home facts
- Year built:1900
- Subdivision & Development:CHARLES VILLAGE
- Listing ID #:MDBA2219836
- Added:94 day(s) ago
- Updated:September 19, 2026 at 10:29 AM
Rooms and interior
- Bedrooms:7
Heating and cooling
- Heating:Natural Gas, Radiator
Structure and exterior
- Year built:1900
- Architectural Style:Converted Dwelling
- Construction Materials:Brick
- Foundation Description:Stone
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$485,000
- Tax amount:$5,900 (2025)
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