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About the Listing MONUM11 - 3364126
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.
Listing Highlights
Status
Active
Days on Site
36
Property Type
Townhome
MLS ®
MDBA2203280
Year Built
1900
Total Square Footage
2,640
Lot/Acreage
0.01
County
Baltimore City
Neighborhood
Station North Arts District
School District
Baltimore City Public Schools
Interior Details
- Bedrooms: 3
- Bathrooms: 3 Full
- Appliances: Built-In Microwave, Dishwasher, Icemaker, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer/Dryer Stacked, Water Heater
- Air Cond: Ceiling Fan(s),Central A/C
- Heating: Central
- Fireplaces:
- Floor: Ceramic Tile,Hardwood,Luxury Vinyl Plank
- Above Ground Sq Ft: 2640
- Below Ground Sq Ft: 0
- Basement: Partially Finished
- Other: Bathroom - Stall Shower,Ceiling Fan(s),Floor Plan - Open,Floor Plan - Traditional,Recessed Lighting,Skylight(s),Wood Floors,Main Floor Bedrooms: 1
- Water: Public
Exterior Details
- Lot Description: Road Frontage,Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Parking Spaces: 4
- Zoning: OR-1
- Roof:
- Others: Sidewalks,Excellent
- Sewer: Public Sewer
- Parking Features: Parking Space Conveys,Paved Parking,Attached Carport,Off Street,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $7,399
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
1628 N Calvert St Baltimore, MD 21202
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