645 N Paca St

Baltimore, MD 21201

$425,000
Price
—
Beds
—
Baths
1,900 Sq. Ft.
$224 / Sq. Ft.
1,900
Sq. Ft.
$224
per Sq. Ft.
Pending
Pending

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...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
  1. Listed by Will A Cannon III • Ben Frederick Realty, Inc.
    P: (410)-916-3331 will@benfrederick.com

Property Details for 645 North Paca Street

Tax ID Number
0317080547B044
Ownership
Ground Rent
Structure Type
Interior Row/Townhouse
Style
Converted Dwelling
Waterfront
No
Garage
No
Subdivision
SETON HILL
Subdivision
SETON HILL (BALTIMORE CITY MD)
LISTING UPDATED: 11/18/2025 04:53 PM

Property Details for 645 North Paca Street

StatusPending
MLS #MDBA2184470
Days on Market53
Taxes$4,592 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Ground Rent
Year Built1920
Lot Size0.03 AC / 1,280 SF
CountyBaltimore Independent City

Location

Listing Courtesy of Ben Frederick Realty, Inc.
Add your commute

Building Information for 645 North Paca Street

Stories-Residences3Year Built1920Building Size-Lot Size0.03 AC / 1,280 SF

Payment Calculator

$2,483 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,100

Property Taxes

$383

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 645 North Paca Street

Location
Location
  • In City Limits: Yes
  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS
  • School District County ID: 121137830454
  • SchoolDistrictSource: Listing Agent
  • County: BALTIMORE CITY
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $204,200
  • Year Assessed: 2025
  • County Tax: $218
  • Improvement Assessed Value: $154,200
  • City Town Tax: $4,374
  • Land Assessed Value: $50,000
  • Clean Green Assessed: No
  • Land Use Code: R
  • Section: 08
  • Zoning: R-8
  • Zoning Dscrp: Licensed for 3 Dwelling Units.
  • Tax Lot: 044
  • School Tax: $0
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Rent Control: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 3
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Units Leased Count: 3
  • Rent Control: No
Financial Information
Financial Information
  • Annual Rental Income: $38,640
Building Info
Building Info
  • Building Units Total: 3
  • Total Finished SQFT: 1,900.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 16'4" x 80'
  • Lot Dimensions Source: Estimated
  • Parcel ID: 13000949
  • Ground Rent Amount: $32
  • Ground Rent Payment Frequency: Annually
  • Capitalized Value-Ground Rent: $534
  • Ground Rent Years Remaining: 99
Parking
Parking
  • Type Of Parking: None
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Private Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Baltimore Board of REALTORS

Property History for 645 North Paca Street

DateEvent & SourcePriceAppreciation
Nov 17, 2025

Pending

BRIGHT #MDBA2184470

—
Oct 29, 2025

Listed (Active)

BRIGHT #MDBA2184470

—
Oct 19, 2025

Pending

BRIGHT #MDBA2184470

—
Sep 19, 2025

Listed (Active)

BRIGHT #MDBA2184470

$425,000—
DateEvent & SourcePrice
11/17/2025

Pending

BRIGHT #MDBA2184470

—
10/29/2025

Listed (Active)

BRIGHT #MDBA2184470

—
10/19/2025

Pending

BRIGHT #MDBA2184470

—
09/19/2025

Listed (Active)

BRIGHT #MDBA2184470

$425,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 645 North Paca Street

Taxable ValueLand$50,000Additions$154,200Total$204,200
Tax Record2023$4,364 ($364 / month)
Home Facts
Beds0Baths3Total Finished SqFt1,900 SqFtAbove Grade Finished SqFt1,900 SqFtStories3Lot Size1,306 SqFtStyleTownhouseYear Built1920ZoningR-8CountyBALTIMORE CITYAPN17-08-0547B-044Fireplace TypeHas Fireplace

Schools near 645 North Paca Street

This home is within Baltimore City Public Schools.
Rating
School
Type
Grades
Distance
The Historic Samuel Coleridge-Taylor Elementary School
Public - PK to 7
Booker T. Washington Middle School
Public - 6 to 8
Vivien T. Thomas Medical Arts Academy
Public - 9 to 12
Paul Laurence Dunbar High School
Public - 9 to 12
Rating
School
Distance
The Historic Samuel Coleridge-Taylor Elementary School
PublicPK to 7

Booker T. Washington Middle School
Public6 to 8

Vivien T. Thomas Medical Arts Academy
Public9 to 12

Paul Laurence Dunbar High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ben Frederick Realty, Inc.

© 2025 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 11/18/2025 04:53 PM