UPDATED:
09/23/2024 06:10 PM
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 4,725 sqft
Price per Sqft $275
Subdivision None Available
MLS Listing ID MDBA2140644
Style Other
Abv Grd Liv Area 4,725
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $9,779
Tax Year 2025
Property Description
Situated in the heart of Baltimore, 316 N Paca St is a three-story multi-family building offering an outstanding investment opportunity. It is within walking distance to major institutions like the University of Maryland and a short drive from other major universities such as Johns Hopkins University and MICA. The property is also near major employers, including prominent healthcare facilities such as the University of Maryland Medical Center and Mercy Medical Center.
Residents can enjoy shopping at the historic Lexington Market, as well as a variety of retail and dining options at Harborplace & The Gallery and The Shops at Canton Crossing. The property is also well-connected, with quick access to Interstate 95 (I-95) and Interstate 83 (I-83). Additionally, it is only a few blocks away from Oriole Park at Camden Yards and M&T Bank Stadium, the homes of the Baltimore Orioles and the Baltimore Ravens, respectively.
The building features four studios, three 1-bedroom, 1-bathroom units, and one 2-bedroom, 1-bathroom unit, with the potential to increase rents by 22%.
The proximity to major entertainment venues boosts demand for rental properties, leading to higher occupancy rates and rental income. Additionally, properties in such desirable locations often experience appreciation in value over time, presenting opportunities for capital gains for investors.
**Submit an Offer - This post needs to include the ideal asking price, but the property is open to offers.**
Location
State MD
County Baltimore City
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Sewer Public Septic, Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0304030575 027
Ownership Other
Special Listing Condition Standard
