645 N PACA ST Active Save Request In-Person Tour Request Virtual Tour
Baltimore,MD 21201
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,900 sqft
Price per Sqft $223
Subdivision Seton Hill
MLS Listing ID MDBA2184470
Style Converted Dwelling
Abv Grd Liv Area 1,900
Year Built 1920
Annual Tax Amount $4,592
Tax Year 2024
Lot Size 1,280 Sqft
Acres 0.03
Lot Dimensions 16'4\" x 80'
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
● Walkable to Major Institutions — Just 15 minutes to UMMC (which provides no on-campus housing) and 10 minutes to Johns Hopkins Peabody Institute, ensuring strong and sustained rental demand from students, staff, and professionals.
● Prime Baltimore Location — With a 95 Walk Score and 100 Transit Score, these Seton Hill apartments attract tenants who value convenience and accessibility, supporting high occupancy.
● Active Neighborhood Association — Ongoing community planning and investment in Seton Hill help preserve long-term property values, protecting and strengthening investor returns.
● Upside in Utility Recovery & Rents — Currently, the landlord pays water and public service electric; billing back utilities and organically increasing rents creates an immediate cash flow boost.
Interiors:
These three one-bedroom Seton Hill apartments in Baltimore sit just across the street from Saint Mary's Park. Kitchens include 30” gas ranges, dishwashers, garbage disposals, and a mix of granite, laminate, or European-style counters and cabinets, with one kitchen recently updated. Bathrooms feature modern vanities and ceramic tile tub surrounds. Each unit has its own washer and dryer, with Unit 1 enjoying access to a private brick patio and Units 2 and 3 each featuring a rear wood deck. Flooring varies by unit, with a combination of hardwood, vinyl plank, carpet, and tile throughout. Two of the three apartments are Limited Lead-Free, reducing landlord risk, paperwork, and turnover costs
Utilities:
The building is separately metered for gas and electric. Each apartment is served by a gas-fired furnace with central air conditioning and its own gas-fired water heater. There are four electric meters—including one panel identified as a Federal Pacific Stab-Lok—and three gas meters.Observable plumbing includes copper supply lines and PVC drain lines. The landlord currently pays for water and public service electric, but a savvy investor could shift these costs to tenants, boosting cash flow and improving returns on these Seton Hill apartments in Baltimore.
What's Special About Seton Hill:
The Seton Hill Association is actively shaping the neighborhood's future, with a new Neighborhood Master Plan underway to guide improvements, support public funding, and attract city resources. Regular events such as yoga in the park, community garden gatherings, and monthly clean-ups highlight the area's engaged and welcoming culture. Historic streets, pocket parks, and a strong community spirit make Seton Hill an appealing place to live.
645 North Paca Street sits directly across from Saint Mary's Park, providing residents with green space just steps from their front door. The property is a 15-minute walk to the University of Maryland Medical Center campus and a 10-minute walk to the Peabody Institute, placing residents in the center of strong rental demand from students, staff, and professionals. WalkScore rates the address a Walker's Paradise with a 95 Walk Score and a Rider's Paradise Transit Score of 100, underscoring the long-term rental appeal of these Seton Hill apartments in Baltimore.
Investment Summary:
$425,000
$141,667 Per Unit
$224 Per Sq. Ft.
11.0 Times Actual Rents (GRM)
9.0 Times Market Rents (GRM)
7.84% Cap Rate
7.2% Projected Cash-on-Cash Return
Location
State MD
County Baltimore City
Zoning R-8
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Inclusions 3 30" gas ranges, 3 garbage disposals, 3 dishwashers, 3 refrigerators, 2 clothes washers, 2 clothes dryers, 1 stacked washer and dryer
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Rubber
Accessibility None
Garage N
Building
Foundation Stone
Above Ground Finished SqFt 1900
Sewer Private Sewer
Water Public
Architectural Style Converted Dwelling
Additional Building Above Grade,Below Grade
Structure Type Dry Wall,Plaster Walls
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0317080547B044
Ownership Ground Rent
SqFt Source 1900
Special Listing Condition Standard