645 N Paca St, Baltimore, MD 21201
Local realty services provided by:ERA Byrne Realty
645 N Paca St,Baltimore, MD 21201
$425,000
- 3 Beds
- - Baths
- 1,900 sq. ft.
- Multi-family
- Pending
Listed by: will a cannon iii
Office: ben frederick realty, inc.
MLS#:MDBA2184470
Source:BRIGHTMLS
Price summary
- Price:$425,000
- Price per sq. ft.:$223.68
About this home
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
Contact an agent
Home facts
- Year built:1920
- Listing ID #:MDBA2184470
- Added:60 day(s) ago
- Updated:November 18, 2025 at 10:42 PM
Rooms and interior
- Bedrooms:3
- Living area:1,900 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Forced Air, Natural Gas
Structure and exterior
- Roof:Rubber
- Year built:1920
- Building area:1,900 sq. ft.
- Lot area:0.03 Acres
Utilities
- Water:Public
- Sewer:Private Sewer
Finances and disclosures
- Price:$425,000
- Price per sq. ft.:$223.68
- Tax amount:$4,592 (2024)
New listings near 645 N Paca St
- New
$20,000Active3 beds 1 baths2504 Mchenry St, BALTIMORE, MD 21223
MLS# MDBA2192582Listed by: ASHLAND AUCTION GROUP LLC - New
$49,900Active-- beds -- baths1822 Olive St, BALTIMORE, MD 21230
MLS# MDBA2192584Listed by: CENTURY 21 DOWNTOWN - Coming Soon
$290,000Coming Soon3 beds 2 baths1510 Medford Rd, BALTIMORE, MD 21218
MLS# MDBA2192394Listed by: KELLER WILLIAMS REALTY CENTRE - New
$565,000Active7 beds -- baths2,868 sq. ft.1602 Cypress St, BALTIMORE CITY, MD 21226
MLS# MDBA2192558Listed by: BEN FREDERICK REALTY, INC. 
$349,900Active3 beds 2 baths1,632 sq. ft.5434 Dogwood, BALTIMORE, MD 21207
MLS# MDBC2144922Listed by: COMPASS- New
$269,900Active2 beds 2 baths780 sq. ft.451 W 24th St, BALTIMORE, MD 21211
MLS# MDBA2187848Listed by: VYBE REALTY - Coming Soon
$279,900Coming Soon3 beds 1 baths2909 Inglewood Ave, BALTIMORE, MD 21234
MLS# MDBA2191624Listed by: NORTHROP REALTY - New
$79,900Active-- beds -- baths1740 Mckean Ave, BALTIMORE, MD 21217
MLS# MDBA2192424Listed by: FUTURE REALTY, INC. - New
$269,000Active3 beds 2 baths1,662 sq. ft.4433 Wrenwood Ave, BALTIMORE, MD 21212
MLS# MDBA2192446Listed by: HOUWZER, LLC - Coming SoonOpen Sat, 11am to 1pm
$210,000Coming Soon2 beds 1 baths1729 Olive St, BALTIMORE, MD 21230
MLS# MDBA2192470Listed by: EXP REALTY, LLC
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2023 - 2025 ERA Franchise Systems LLC. All rights reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each office is independently owned and operated.