316 Paca StBaltimore, MD 21201

For Sale
Call for price

8-Unit Building, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
92
This three-story, eight-unit apartment building at 316 N Paca St, Baltimore, MD 21201 presents a compelling investment opportunity. The property boasts a mix of studio, one-bedroom, and two-bedroom units, offering a diverse rental portfolio. Currently featuring four studios, three one-bedroom/one-bathroom units, and one two-bedroom/one-bathroom unit, there's significant potential to increase rental income by 22%. Its central Baltimore location offers unparalleled convenience, with easy access to major employers like the University of Maryland Medical Center and Mercy Medical Center. Proximity to the University of Maryland, Johns Hopkins University, and MICA ensures high occupancy rates. Residents enjoy nearby amenities including Lexington Market, Harborplace & The Gallery, The Shops at Canton Crossing, and excellent public transportation options. Furthermore, its location near Interstate 95 and Interstate 83 provides convenient access to major roadways. The property's proximity to Oriole Park at Camden Yards and M&T Bank Stadium adds to its desirability and rental potential. This building offers a blend of strong current income and significant upside potential for future growth, making it an attractive investment in a thriving urban market. The building includes an on-site washer and dryer facility.

Highlights

  • Excellent proximity to University of Maryland, Johns Hopkins University, and MICA.
  • Prime location near Lexington Market subway, Charles Center, I-95, and I-83.
  • Surrounded by major employers including University of Maryland Medical Center and Mercy Medical Center.
  • Short walk to Oriole Park and M&T Bank Stadium.
  • Building features on-site laundry facilities.
  • Potential for 22% rent increase.

Property Details for 316 Paca St

Property type
Multifamily properties, Apartment buildings
Stories
3
Units
8

Location Insight

City
Baltimore
County
Baltimore City
State
Maryland
Latitude
39.2934135
Longitude
-76.6226869
316 Paca St, Baltimore, Maryland

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316 Paca St
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