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About the Listing MIDRE1 - 3392438
2106 St. Paul Street is a fully occupied 7-unit multifamily asset offering a stable and predictable income profile over a five-year hold. Gross rental income is projected to increase from $103,979 in Year 1 to $121,640 by Year 5, based on a conservative 4% annual rent growth assumption. Operating expenses are expected to rise from $41,592 to $48,656, while Net Operating Income increases from $62,387 to $72,984. Over this period, the capitalization rate improves from 8.10% to 9.48%, highlighting the property’s durability and income growth potential. The seller is offering attractive seller financing, allowing buyers to reduce upfront capital requirements, improve cash-on-cash returns, and secure more flexible terms than traditional financing—materially enhancing overall deal economics. The property includes coin-operated laundry for additional income and rear parking slots available, providing operational and revenue benefits. Located in Charles Village, the property has a Walk Score® of 96, indicating that most daily services and amenities are accessible on foot, with proximity to public transportation and established commercial corridors.
Listing Highlights
Status
Active
Days on Site
84
Property Type
Multi-Family
MLS ®
MDBA2191596
Year Built
1883
Total Square Footage
3,480
Lot/Acreage
N/A
County
Baltimore City
School District
Baltimore City Public Schools
Interior Details
- Bedrooms: 3
- Bathrooms: 0 Full
- Appliances: Oven/Range - Gas, Refrigerator
- Air Cond:
- Heating: Radiator
- Fireplaces:
- Floor: Hardwood
- Above Ground Sq Ft: 3480
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: R-8
- Roof: Built-Up
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $9,894
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
2106 Saint Paul St Baltimore, MD 21218
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