Under contract

ACTIVE UNDER CONTRACT

316 N Paca St

Baltimore MD, 21201

$1,300,000


$275.13 per sqft

Under contract

ACTIVE UNDER CONTRACT

5 Beds

4,725 sqft

Residential

Built in 1900

**Submit an Offer - This post needs to include the ideal asking price, but the property is open to offers.**

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.**

MDBA2140644

MLS ID

September 23, 2024

Listed

December 18, 2024

Updated

Map

316 N Paca St
Baltimore MD, 21201

Interior Features

Bedrooms

5


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air, Natural Gas

Exterior/Building Features

Architectual Style

Other


Sewer

Public Sewer

School Information

School District

BALTIMORE CITY PUBLIC SCHOOLS

Other Property Details

Area Name

Baltimore City


Taxes

$9,780


Tax Frequency

Annually


Days on Market

87


Garage

No


Parking

On Street


View

No


County

BALTIMORE CITY


Water Source

Public


Pool

No

Listing History

Date

Event

Price

12/18/2024

Under contract

Listed by Midfield Realty
Listing Contact: 4104985408 

The IDX display contains information sourced from the Bright MLS, Inc. as of 12/18/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 12/18/2024 at 10:10 PM UTC

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