811 Saint Paul St, Baltimore MD 21202

Rental rates for newly renovated one-bedroom and studio units in the area range from $800 to $2,200, reflecting strong demand. Recent comparable sales indicate multifamily properties in the area selling for approximately $130,000 per unit, further solidifying the strength of this investment opportunity. At the end of Year 1, there is an opportunity to raise rents by approximately 41.08%, achieving an 8.37% cap rate, making this property a highly attractive value-add investment.

This 8-unit brick property in Baltimore’s 21202 zip code features 7 one-bedrooms and 1 studio, all with tall ceilings, hardwood floors, and large windows. Recent upgrades include a fully repaved driveway and a brand new, high-quality Fujitsu mini-split system with all-new plumbing. With three private parking spaces and on-site laundry, this well-maintained building is a solid choice for renters seeking comfort and convenience in a prime urban location.

Strategically positioned in a high-foot-traffic area of downtown Mt. Vernon, this property benefits from close proximity to major employers, universities, and cultural landmarks. Nearby institutions include University of Baltimore, MICA, Johns Hopkins Peabody Institute, University of Baltimore School of Law, UMMC Midtown Campus, and Mercy Medical Center. The location is also surrounded by retail and dining options, such as Starbucks, Chipotle, Potbelly, Smoothie King, The Spot Pizza and Deli, and 1000 N Charles St Parking. Penn Station is easily accessible, offering direct connectivity to Washington, D.C., and other key markets.