2541 Saint Paul St, Baltimore, MD 21218

Description

reat entry point into the Charles Village rental market. 2541 Saint Paul Street offers two one-bedroom apartments above a 1,000 SF first-floor office, with the ability to maintain the current layout or convert to a three-unit residential building.

Located five blocks south of Johns Hopkins University and four blocks from Wyman Park Dell, the property sits in a consistently tenant-driven corridor. The Village Learning Place, a neighborhood anchor, is located at the opposite end of the block.

Investors can pursue light interior updates and lease-up for immediate income, or renovate more extensively by converting the first floor to residential use, upgrading kitchens and baths, and installing individual HVAC and water heaters to allow for full utility separation.

The building is served by a central gas-fired boiler and central water heater, with three electric and three gas meters already in place. OR-2 zoning supports both the current mixed-use configuration and residential conversion.

At this basis, flexible mixed-use assets in North Baltimore are increasingly difficult to find.