MD
BALTIMORE CITY
BALTIMORE
21202
1628 N CALVERT STREET
1628 N CALVERT STREET, BALTIMORE, MD 21202
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Listing Type
Multi Family
Listing Status
Active
64
$690,000

Home Details for 1628 N CALVERT STREET

Price
$690,000
Type
Residential Income
Bedrooms
3
Bathrooms
Square feet
2640
Year built
1900
Lot size acres
0.01
County
BALTIMORE CITY
Total rooms
3
Garage
Days on site
19
MLS Listing#
MDBA2202832
Property Description

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.

Property Features
  • House Interior
    • Ceiling Fan(s)
    • Recessed Lighting
    • Vaulted Ceiling(s)
    • High Ceilings
  • Utilities
    • Cable Available
    • Sewer Available
    • Water Available
    • Electricity Available
  • Parking
    • Off Street
    • Paved
    • Attached Carport
    • Attached
  • Cooling Information
    • Ceiling Fan(s)
    • Other
    • Electric
  • Heating Information
    • Electric
    • Central
  • Water Features
    • Public
Listing Courtesy: Monument Sotheby's International Realty - 443-708-7074
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Last Updated: 2026-02-28 15:51:54
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EXIT REALTY CENTER
205 E Ridgeville Blvd, Mt. Airy, MD 21771
Kelly Steichen
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