645 N Paca St, Baltimore, MD 21201

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