NOT LISTED FOR SALE

Estimated Value: $493,657 - $503,000

-- Bed
4 Baths
3,808 Sq Ft
$131/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $487,000 $128 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,312/month

5 Days on Market

Highlights

  • Federal Architecture
  • Radiator
  • 2-minute walk to Calvert Street Park
  • Central Air

About This Home

As of June 2024

2121 Saint Paul Street offers a unique opportunity to acquire a turnkey historic 3-unit building with large 2 bed 1 bath apartments, and 2 parking spots in the rear. The building was renovated in 2016 with new kitchens, bathrooms, flooring, paint, the addition of washer dryers, Central AC, and more. The high demand for affordable housing in the area along with its fantastic proximity to local transit and local universities such as Johns Hopkins and Maryland College for the Arts (MICA) just down the street make this a popular rental for young professionals and students. It currently generates $4,200+ a month and the property has been stable and quiet with many tenants staying multiple years. The property is positioned for long term appreciation given the location, unit sizes, and the trajectory of the neighborhood. Very recent updates include new water heaters, new HVAC in unit 1, newer windows in unit 1 and 2, rear painting of the exterior, etc. There exists an opportunity to add value to the building by adding a bathroom to each unit, or digging the basement out and put in a 4th unit if allowable by Baltimore City code. With its convenient location to school and work, you will not struggle to find tenants in the future. The property sits less than 1 mile to MICA art school, Johns Hopkins, Penn Station, I-83, a grocery store, the University of Maryland Baltimore City and downtown Baltimore. Don't miss it!

Last Agent to Sell the Property

Tim Klempa

Permira Realty, LLC Listed on: 02/21/2024

Last Buyer's Agent

Todd Heise

Douglas Realty, LLC. License #526469

Douglas Realty, LLC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,691

Year Built

  • Built in 1890

Home Design

  • Triplex
  • Federal Architecture
  • Brick Exterior Construction
  • Brick Foundation

Parking

  • 2 Parking Spaces
  • 2 Off-Street Spaces
  • Driveway

Utilities

  • Central Air
  • Radiator
  • Natural Gas Water Heater

Additional Features

  • Unfinished Basement

Community Details

  • Insurance Expense $2,460
  • Gross Income $50,982

Listing and Financial Details

  • The owner pays for common area maintenance, pest control, repairs, water, real estate taxes
  • Tax Lot 030
  • Assessor Parcel Number 0312083811 030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,691

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Federal
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2024-02-28
  • Year Built: 1890
  • Automatically Close On Close Date: No
  • Remarks Public: 2121 Saint Paul Street offers a unique opportunity to acquire a turnkey historic 3-unit building with large 2 bed 1 bath apartments, and 2 parking spots in the rear. The building was renovated in 2016 with new kitchens, bathrooms, flooring, paint, the addition of washer dryers, Central AC, and more. The high demand for affordable housing in the area along with its fantastic proximity to local transit and local universities such as Johns Hopkins and Maryland College for the Arts (MICA) just down the street make this a popular rental for young professionals and students. It currently generates $4,200+ a month and the property has been stable and quiet with many tenants staying multiple years. The property is positioned for long term appreciation given the location, unit sizes, and the trajectory of the neighborhood. Very recent updates include new water heaters, new HVAC in unit 1, newer windows in unit 1 and 2, rear painting of the exterior, etc. There exists an opportunity to add value to the building by adding a bathroom to each unit, or digging the basement out and put in a 4th unit if allowable by Baltimore City code. With its convenient location to school and work, you will not struggle to find tenants in the future. The property sits less than 1 mile to MICA art school, Johns Hopkins, Penn Station, I-83, a grocery store, the University of Maryland Baltimore City and downtown Baltimore. Don't miss it!
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 5008
  • Living Area Sq Ft: 3808
  • Price Per Sq Ft: 124.74
  • Above Grade Finished Sq Ft: 3808
  • Below Grade Sq Ft: 1200
  • Total Below Grade Sq Ft: 1200
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2121

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Off Street
  • Off Street Parking Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: BALTIMORE CITY PUBLIC SCHOOLS
  • School District Key: 121137830454
  • School District Source: 3rd Party

Lot Info

  • Land Use Code: R
  • Lot Size Units: Square Feet
  • Year Assessed: 2023
  • Zoning: R-8
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Owner Pays: Common Area Maintenance, Pest Control, Repairs, Water, Taxes - Real Estate
  • Rent Control: No
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 6691.00
  • Assessor Parcel Number: 0312083811 030
  • Tax Lot: 030
  • Tax Total Finished Sq Ft: 3808
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 06/28/2024

Multi Family

  • Gross Scheduled Income: 50982.00
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2024
Closed on
Jun 28, 2024
Sold by
Station North Holding Company Llc
Bought by
Conteh Amara M
Seller's Agent
Tim Klempa
Permira Realty, LLC
Buyer's Agent
Todd Heise
Douglas Realty, LLC.
List Price
$475,000
Sold Price
$487,000
Premium/Discount to List
$12,000
2.53%
Views
26
Current Estimated Value
$493,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,115
Avg. Annual Appreciation
1.13%
Original Mortgage
$438,251
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2020
Sold by
Tkt Investments Llc
Bought by
Station North Holding Company Llc

Purchase Details

Closed on
Jan 29, 2016
Sold by
Agyeman Kwame and Agyeman Serwa
Bought by
Tkt Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
4.02%
Mortgage Type
Amount Keyed Is An Aggregate Amount

Purchase Details

Closed on
May 19, 2006
Sold by
Charm City Property Management
Bought by
Agyeman Kwame and Agyeman Serwa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,400
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 27, 2004
Sold by
2121 St. Paul Street Llc.
Bought by
Charm City Property Management and Inc.

Purchase Details

Closed on
Oct 8, 2003
Sold by
Seidl Kenneth K
Bought by
2121 St Paul Street Llc and The

Purchase Details

Closed on
Jun 25, 2003
Sold by
Okon Renee I
Bought by
Seidl Kenneth K and Seidl Jacqueline A

Purchase Details

Closed on
Sep 30, 2002
Sold by
Ryan Scot
Bought by
Okon Renee I
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Conteh Amara M $487,000 Liberty Title
Station North Holding Company Llc -- Definitive Title Llc
Tkt Investments Llc $94,000 Definitive Title Llc
Agyeman Kwame $268,000 --
Charm City Property Management -- --
2121 St Paul Street Llc -- --
Seidl Kenneth K $175,000 --
Okon Renee I $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Conteh Amara M $438,251
Previous Owner Tkt Investments $206,000
Previous Owner Tkt Investments Llc $165,000
Previous Owner Agyeman Kwame $262,000
Previous Owner Agyeman Kwame $214,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2024 06/28/24 Sold $487,000 +2.5% $128 / Sq Ft
02/27/2024 02/27/24 Pending -- -- --
02/21/2024 02/21/24 For Sale $475,000 0.0% $125 / Sq Ft
06/08/2018 06/08/18 Rented $1,250 0.0% --
05/27/2018 05/27/18 Under Contract -- -- --
05/11/2018 05/11/18 For Rent $1,250 +4.2% --
11/23/2016 11/23/16 Rented $1,200 -7.7% --
11/23/2016 11/23/16 Under Contract -- -- --
10/01/2016 10/01/16 For Rent $1,300 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,060 $317,600 $90,000 $227,600
2024 $7,060 $300,567 $0 $0
2023 $6,660 $283,533 $0 $0
2022 $6,289 $266,500 $90,000 $176,500
2021 $6,241 $264,433 $0 $0
2020 $6,192 $262,367 $0 $0
2019 $6,114 $260,300 $90,000 $170,300
2018 $4,937 $209,200 $0 $0
2017 $3,731 $158,100 $0 $0
2016 $5,559 $260,300 $0 $0
2015 $5,559 $251,767 $0 $0
2014 $5,559 $243,233 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA2115038

Bright MLS

APN: 3811-030