Significant Price Refinement ($190,500)! Turnkey triplex opportunity in the heart of Station North Arts District offering stabilized income with strong upside potential. This fully renovated and fully furnished three-unit property features three one-bedroom, one-bath apartments, each appointed with luxury vinyl plank flooring, exposed brick, granite countertops, stainless steel appliances, in-unit laundry, and central air. Additional highlights include separate gas and electric meters (owner pays water), basement storage, and a rear parking pad accommodating up to four vehicles.

The 2025 T12 reflects:

Gross Operating Income: $38,621.57
Total Operating Expenses: $7,205.40
Net Operating Income (NOI): $31,416.17

Please note the 2025 income reflects vacancy and turnover periods, along with several one-time expenses, including HVAC maintenance, door replacement, and make-ready costs.

Current rent roll has improved:

Unit two: Leased as of early February at $1,450 per month
Unit three: Leased as of early February at $1,450 per month
Unit one: Currently vacant, previously leased at $2,050 per month

At full stabilization based on prior lease amounts, the property supports approximately $4,950 per month, or $59,400 annually in gross rental income. Located steps from Penn Station Baltimore, near Maryland Institute College of Art, minutes to I eighty three and downtown, and within walking distance to two Johns Hopkins University shuttle stops, this location continues to drive strong rental demand from medical professionals, graduate students, faculty, and downtown employees. Ideal for: Buy-and-hold investors. Furnished mid-term rental strategy. House hackers seeking income offshore. Portfolio investors targeting Station North growth. Full T12, expense breakdown, and pro forma analysis are available upon request. Situated just steps from the $50,000,000 Penn Station redevelopment, 1628 N Calvert St offers exceptional upside in a rapidly growing corridor. Easy-to-rent units, top-of-market rents, strong appreciation potential, and flexible rental strategies make this an outstanding addition to any portfolio. Schedule your showing today and capitalize on one of Baltimore's most dynamic investment locations. Buyer to pay a short sale negotiation fee of $6,000.00 or two percent of the purchase price, whichever is greater, upon closing. Subject to third-party approval. Units two and three are currently rented.