$607,250
SOLD FEB 18, 2022 RENTED MAY 1, 2025
-- Bed
-- Bath
3,716 Sq Ft
2,091 Sq Ft Lot

Recently Sold

$163 Per Sq Ft

2% Above List Price

Highlights

  • 0.05 Acre Lot
  • Central Air
  • Property is in very good condition
  • Traditional Architecture
  • Multi-Tank Natural Gas Water Heater
  • 5-minute walk to 32nd Street Park

About This Home

As of February 2022

Meticulously cared for by its owner-occupant sellers, these four large full-floor 900 sq. ft. apartments offer a turn-key investment opportunity. Located on a prime block in Charles Village, just steps away from Johns Hopkins University Homewood Campus. 3020 North Calvert Street is ready to provide a new owner steady investment returns with low maintenance and first-class tenants.

The owner-occupied first floor apartment boasts a kitchen with quality wood cabinets, a butcher-block wood countertop, and stainless steel appliances. The second floor apartment kitchen is also upgraded, with a dishwasher and garbage disposer. Third floor and terrace apartment kitchens have sturdy wood cabinets, and easy-to-clean laminate countertops and laminate flooring. Bathrooms feature full-sized tubs with sturdy vinyl and ceramic tile enclosures with laminate and ceramic tile flooring.

Above-grade apartment living areas feature hardwood floors and plaster walls and ceilings; the terrace apartment has laminate and ceramic tile flooring, drywall walls, and Celotex ceilings. The first floor apartment has a unique corrugated steel ceiling in the living room. Vinyl replacement windows throughout offer ample natural sunlight to these large apartments. Off street parking is available with a concrete parking pad that can fit up to 4 vehicles. The second floor apartment tenant enjoys an in-suite stacked clothes washer & dryer.

3020 Calvert is heated by a gas-fired hot water Columbia boiler. Apartment 2 has central air conditioning; apartments 1, 3 and the terrace use window units. Each apartment is served by a separate gas-fired water heater, all replaced within the last 3 years.

Upgraded in 2013, this building has 200 amp electric service. There are 5 electric meters and 4 gas meters. The tenants pay their own gas and electric; the owner currently pays for heat, public service electric, and cold water. A savvy landlord would increase cash flow by passing these charges along to the tenants.

The rubber roof was replaced in 2015 and was recoated in 2019. All visible interior water supply pipes are copper; all visible drain lines are pvc.

Tenants can walk one block to the Charles Village Shopping District, and two blocks to Johns Hopkins University Homewood Campus and Wyman Park. Just a few doors down is the Calvert Court Co-ops, a prestigious owner-occupied cooperative–the first of its kind in Baltimore! 3020 North Calvert Street earns the designation “Walker’s Paradise” with a WalkScore of 94, a TransitScore of 57, and a BikeScore of 86. This block is patrolled by Hopkins campus security, and is served by the Charles Village Benefits District. This nonprofit organization helps keep the district clean, organizes security patrols, and hosts community events.

3020 North Calvert Street’s sellers owner-occupy the first floor apartment, and could offer a seller rent-back through the spring of 2022.

Investment Summary:
$595,000
$148,750 Per Unit
$204 Per Sq. Ft.
10.3 Times Market Rent (GRM)
7.38% Cap Rate
11.1% Projected Cash-on-Cash Returns

Last Agent to Sell the Property

Tom Fair

(410) 235-5200 tom@benfrederick.com Ben Frederick Realty, Inc. Listed on: 12/21/2021

Last Buyer's Agent

Joe Brown

(301) 580-0717 joebrown.realestate@gmail.com Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,202

Year Built

  • Built in 1900

Lot Details

  • 2,091 Sq Ft Lot
  • Lot Dimensions are 17' x 123'
  • Property is in very good condition

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Plaster Walls
  • Rubber Roof

Parking

  • 4 Parking Spaces
  • 4 Off-Street Spaces

Utilities

  • Central Air
  • Window Unit Cooling System
  • Radiator
  • 200+ Amp Service
  • Multi-Tank Natural Gas Water Heater
  • Public Septic

Listing and Financial Details

  • The owner pays for heat, sewer, water
  • Tax Lot 027
  • Assessor Parcel Number 0312193859 027

Community Details

Overview

  • 4 Units
  • Charles Village Subdivision

Building Details

  • Gross Income $61,956

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,202

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: tenants' possessions
  • Historic: No
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Meticulously cared for by its owner-occupant sellers, these four large full-floor 900 sq. ft. apartments offer a turn-key investment opportunity. Located on a prime block in Charles Village, just steps away from Johns Hopkins University Homewood Campus. 3020 North Calvert Street is ready to provide a new owner steady investment returns with low maintenance and first-class tenants. The owner-occupied first floor apartment boasts a kitchen with quality wood cabinets, a butcher-block wood countertop, and stainless steel appliances. The second floor apartment kitchen is also upgraded, with a dishwasher and garbage disposer. Third floor and terrace apartment kitchens have sturdy wood cabinets, and easy-to-clean laminate countertops and laminate flooring. Bathrooms feature full-sized tubs with sturdy vinyl and ceramic tile enclosures with laminate and ceramic tile flooring. Above-grade apartment living areas feature hardwood floors and plaster walls and ceilings; the terrace apartment has laminate and ceramic tile flooring, drywall walls, and Celotex ceilings. The first floor apartment has a unique corrugated steel ceiling in the living room. Vinyl replacement windows throughout offer ample natural sunlight to these large apartments. Off street parking is available with a concrete parking pad that can fit up to 4 vehicles. The second floor apartment tenant enjoys an in-suite stacked clothes washer & dryer. 3020 Calvert is heated by a gas-fired hot water Columbia boiler. Apartment 2 has central air conditioning; apartments 1, 3 and the terrace use window units. Each apartment is served by a separate gas-fired water heater, all replaced within the last 3 years. Upgraded in 2013, this building has 200 amp electric service. There are 5 electric meters and 4 gas meters. The tenants pay their own gas and electric; the owner currently pays for heat, public service electric, and cold water. A savvy landlord would increase cash flow by passing these charges along to the tenants. The rubber roof was replaced in 2015 and was recoated in 2019. All visible interior water supply pipes are copper; all visible drain lines are pvc. Tenants can walk one block to the Charles Village Shopping District, and two blocks to Johns Hopkins University Homewood Campus and Wyman Park. Just a few doors down is the Calvert Court Co-ops, a prestigious owner-occupied cooperative–the first of its kind in Baltimore! 3020 North Calvert Street earns the designation “Walker’s Paradise” with a WalkScore of 94, a TransitScore of 57, and a BikeScore of 86. This block is patrolled by Hopkins campus security, and is served by the Charles Village Benefits District. This nonprofit organization helps keep the district clean, organizes security patrols, and hosts community events. 3020 North Calvert Street’s sellers owner-occupy the first floor apartment, and could offer a seller rent-back through the spring of 2022. Investment Summary: $595,000 $148,750 Per Unit $204 Per Sq. Ft. 10.3 Times Market Rent (GRM) 7.38% Cap Rate 11.1% Projected Cash-on-Cash Returns
  • Special Features: None

Interior Features

  • Wall Ceiling Types: Plaster Walls
  • Foundation Details: Stone
  • Total Sq Ft: 3888
  • Living Area Sq Ft: 3716
  • Price Per Sq Ft: 204.05
  • Above Grade Finished Sq Ft: 2916
  • Below Grade Finished Sq Ft: 800
  • Below Grade Sq Ft: 172
  • Total Below Grade Sq Ft: 972
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3020

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Rubber
  • 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: 4
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Window Unit(s)
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas, Multi-Tank
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Schools

  • School District: BALTIMORE CITY PUBLIC SCHOOLS
  • School District Key: 121137830454
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 212900.00
  • Land Assessed Value: 90000.00
  • Land Use Code: R
  • Lot Size Acres: 0.05
  • Lot Dimensions: 17' x 123'
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2091.00
  • Property Condition: Very Good
  • Year Assessed: 2021
  • Zoning: R-8
  • Zoning Description: Licensed for 4 Dwelling Units
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Heat, Sewer, Water
  • Rent Control: No
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 12957457
  • Tax Annual Amount: 7202.00
  • Assessor Parcel Number: 0312193859 027
  • Tax Lot: 027
  • Tax Total Finished Sq Ft: 3716
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 02/18/2022

Multi Family

  • Gross Scheduled Income: 61956.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2013
Closed on
Jul 24, 2013
Sold by
Dejesus Gilberto
Bought by
Martin Nicholas R and Martin Sarah
Seller's Agent
John Spurrier
Cummings & Co. Realtors
Buyer's Agent
Mark Lee
Cummings & Co. Realtors
List Price
$349,000
Sold Price
$354,000
Premium/Discount to List
$5,000
1.43%
Current Estimated Value
$688,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$334,809
Avg. Annual Appreciation
5.79%
Original Mortgage
$347,588
Outstanding Balance
$259,894
Interest Rate
4.45%
Mortgage Type
FHA
Estimated Equity
$443,498

Purchase Details

Closed on
Mar 22, 2004
Sold by
Austrich Jorge I
Bought by
Dejesus Gilberto

Purchase Details

Closed on
Jun 4, 1997
Sold by
Small Donald
Bought by
Austrich Jorge I
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $354,000 Mid Atlantic Title Llc
Deed $210,000 --
Deed $109,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $347,588 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2025 05/01/25 Rented $1,850 0.0% --
03/03/2025 03/03/25 For Rent $1,850 +70.5% --
08/10/2024 08/10/24 Rented $1,085 -16.2% --
07/03/2024 07/03/24 For Rent $1,295 +23.3% --
07/01/2023 07/01/23 Rented $1,050 -3.7% --
04/25/2023 04/25/23 Off Market $1,090 -- --
04/12/2023 04/12/23 Price Changed $1,090 -14.5% $1 / Sq Ft
04/08/2023 04/08/23 For Rent $1,275 0.0% --
02/18/2022 02/18/22 Sold $607,250 +2.1% $163 / Sq Ft
01/12/2022 01/12/22 Pending -- -- --
01/04/2022 01/04/22 For Sale $595,000 -2.0% $160 / Sq Ft
12/28/2021 12/28/21 Off Market $607,250 -- --
12/21/2021 12/21/21 For Sale $595,000 +68.1% $160 / Sq Ft
07/24/2013 07/24/13 Sold $354,000 +1.4% $121 / Sq Ft
06/23/2013 06/23/13 Pending -- -- --
05/13/2013 05/13/13 For Sale $349,000 -- $120 / Sq Ft
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 $11,405 $575,200 $90,000 $485,200
2024 $11,405 $485,567 $0 $0
2023 $9,344 $395,933 $0 $0
2022 $6,630 $306,300 $90,000 $216,300
2021 $7,202 $305,167 $0 $0
2020 $6,563 $304,033 $0 $0
2019 $6,513 $302,900 $90,000 $212,900
2018 $6,616 $302,900 $90,000 $212,900
2017 $6,684 $302,900 $0 $0
2016 $6,208 $309,100 $0 $0
2015 $6,208 $289,400 $0 $0
2014 $6,208 $269,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDBA2023602

Bright MLS

APN: 3859-027