645 N Paca St, BALTIMORE, MD

Name: 645 N Paca St, For Sale in BALTIMORE - eXp Realty
Brand: Ben Frederick Realty, Inc.
SKU: MDBA2184470
Price: 425000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$425,000

000

MLS® MDBA2184470

Key Facts
Description
Map

Key Facts

Type Triplex

Levels Residential Income

Size 1900 sqft

Garage No

Taxes $4,592

Days Active 116

Lot Size 0.03 acres

Approx. Age 1920

Avg. Price Per Sqft $223

MLS® Number MDBA2184470

Property Address: 645 N Paca St, BALTIMORE, MD, 21201-1919

Average square foot calculated using Size range provided by listing agent.

Description

Live here for less than renting one of the units. With conventional financing and 20% down, it costs just $101 per month to live at 645 N Paca Street after applying the rental income toward principal, interest, taxes, and insurance (PITI). With only 3.5% down, the monthly cost is $886, less than the current rent of any of the apartments. Call us to discuss the financial advantages of owner-occupying this home. Located in the heart of Seton Hill, this property offers residents a lifestyle defined by walkability, historic charm, and community engagement. The neighborhood is home to Saint Mary’s Park, just across the street, and is known for its tree-lined streets, pocket parks, and engaged neighborhood association. The Seton Hill Association hosts regular events like yoga in the park, community garden gatherings, and monthly clean-ups, and is leading a new Neighborhood Master Plan to guide future investment. Learn more at the Seton Hill Community Association website. The location offers unmatched access to major institutions. It’s a 15-minute walk to the University of Maryland Medical Center, which provides no on-campus housing, and 10 minutes to the Peabody Institute, ensuring reliable rental demand from students, staff, and professionals. A 95 Walk Score and 100 Transit Score make daily life convenient and keep units consistently filled. Each of the three one-bedroom apartments offers a functional layout with individual gas and electric meters, in-unit laundry, and a mix of hardwood, vinyl plank, carpet, and tile flooring. Kitchens include 30” gas ranges, dishwashers, garbage disposals, and a variety of granite, laminate, or European-style counters and cabinets, with one kitchen recently updated. Unit 1 has access to a private brick patio, while Units 2 and 3 each feature rear wood decks. Two of the three apartments are Limited Lead-Free, reducing landlord risk, paperwork, and turnover costs. For investors, this property combines location, stability, and upside. Strong rental demand from nearby institutions provides reliable cash flow, while the landlord’s current payment of water and public service electric creates a straightforward opportunity to bill back utilities and increase returns. With a prime location in an actively improving neighborhood, this three-unit property offers both immediate income and long-term value growth. 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

MLS® NumberMDBA2184470

Laundry Level

Central VacNo

FireplaceNo

Acreage0.03

Exterior

GarageNo

Approx. Age1920

Basement

DrivewayNone

Garage Spaces

Heat

A/C

Heating Fuel

Extras

3 30" gas ranges, 3 garbage disposals, 3 dishwashers, 3 refrigerators, 2 clothes washers, 2 clothes dryers, 1 stacked washer and dryer

Similar Listings

Price History

-End Date

Not Sold YetSold Price

For Sale

Sep 19, 2025List Date

$425,000List Price

Commute

Commute

Starting Address

Destination Address

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