316 N Paca St Baltimore, MD 21201

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Address: 316 N Paca St, Baltimore, MD 21201, USA

Washington DC + Apartment Buildings

Created date: June 3, 2024

Date last updated: November 30, 2024

- Walking distance from the University of Maryland campuses and a short drive to prominent universities such as Johns Hopkins University and MICA.
-Convenient for travel, in close proximity to Lexington Market subway station, Charles Center, Interstate 95 (I-95), and Interstate 83 (I-83).
-Sorrounded by local employers such as University of Maryland Medical Center and Mercy Medical Center
-A few blocks to Oriole Park at Camden Yards stadium and M&T Bank Stadium, the homes of two prominent professional teams: the Baltimore Orioles of Major League Baseball and the Baltimore Ravens of the National Football League.
-On-site washer and dryer facility
- Can increase rents by 22%

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.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
No. of Units:	8
Lot Size:	5,505.00 Sq ft
Opportunity Zone:	No
Property Website	Click Here