2530 N Calvert St, Baltimore, MD 21218

Property Description

2530 North Calvert Street presents a rare mixed-use investment opportunity in the heart of Charles Village. Situated on three consolidated lots with 52 feet of frontage along North Calvert Street, the property is currently configured with 10 residential apartments and four office suites, providing multiple income and occupancy strategies. Held under long-term ownership with limited capital improvements, the property offers significant value-add potential through apartment renovations, capital improvements, lease-up, and future redevelopment. OR-2 zoning allows both residential and office use and, by right, permits up to 32 apartments on the site, offering long-term redevelopment potential beyond the existing 14-suite configuration. Located 5½ blocks from Johns Hopkins University's Homewood Campus, the property benefits from one of Baltimore's strongest rental corridors. The site also enjoys an attractive northern boundary adjoining the Margaret Brent Elementary School playground, creating an uncommon sense of openness along North Calvert Street. Whether the next owner pursues light cosmetic improvements, substantial capital renovations, or a higher-density redevelopment strategy, 2530 North Calvert Street offers multiple value-creation paths in one of Baltimore City's most established investment neighborhoods.