2,640 SqFt
2,640 SqFt
Open House
Sat Mar 28, 11:00am - 12:30pm
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,640 sqft
Price per Sqft $242
Lot Size 435 Sqft
MLS Listing ID MDBA2202832
Financing Cash,Conventional,FHA,VA
Style Federal
Total Units 1
Short Sale No
Originating MLS BRIGHT
Available Date 2026-02-11
Property Description
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.
Location
State MD
County Baltimore City
Zoning OR-1
Interior
Interior Features Bathroom - Stall Shower, Ceiling Fan(s), Recessed Lighting, Skylight(s)
Hot Water Electric
Heating Central
Cooling Other
Flooring Ceramic Tile, Luxury Vinyl Plank, Hardwood
Inclusions All Furniture and Wall Art, Look at Property Inclusion/Exclusion Form
Equipment Built-In Microwave, Dishwasher, Icemaker, Oven/Range - Electric, Range Hood, Refrigerator, Stainless Steel Appliances, Washer/Dryer Stacked
Fireplace N
Appliance Built-In Microwave, Dishwasher, Icemaker, Oven/Range - Electric, Range Hood, Refrigerator, Stainless Steel Appliances, Washer/Dryer Stacked
Heat Source Electric
1-purchase type For Sale
Exterior
Garage Spaces 4
Utilities Available Cable TV, Electric Available, Sewer Available, Water Available
Waterfront N
Water Access N
View Street, City
Roof Type Flat
Accessibility None
Parking Type Off Street, Attached Carport
Total Parking Spaces 4
Building
New Construction N
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Federal
Additional Building Above Grade, Below Grade
Schools
School District Baltimore City Public Schools
Others
Tax Amount $7,399
Tax Year 2025
Tax ID 0312100428 023
Ownership Fee Simple
SqFt Source 2640
Acceptable Financing Cash, Conventional, FHA, VA
Special Sale Standard
