Description

GUIDED TOUR ON THURSDAY, MAY 28th AT 2PM PROMPTLY
List price is Opening Bid at the Online auction to be conducted on Auctioneers website. Bidding begins Friday, May 29, 2026 & ends Wednesday, June 3, 2026 at 12:00 PM.

Exceptional opportunity to purchase an apartment building configured as 16 units situated at the southeast corner of Maryland Ave and 21st Street, at the southern tip of the Charles North neighborhood of Baltimore City. It is conveniently located a mere 3 blocks west of Remington, approximately 3 block northeast of Station North, the Jones Falls Expressway (I-83) is less than a mile. The Inner Harbor and the Baltimore Downtown Business District are less than 2 miles of the property.

The units are individually metered for gas and electric. All units are believed to have their own central HVAC system. All units are believed to have their own gas fired water heater. Landlord pays for water/sewer.

The building features a flat rubber membrane roof that appears to have been maintained, with a white reflective roof coating applied for added protection.

*Gross Scheduled Monthly Rent $10,470*
*Gross Scheduled Annual Rent $125,640*

*Gross Potential Monthly Rent $19,370*
*Gross Potential Annual Rent $232,440*

=Building Units:
10 - 1 Bedroom/1 Bathroom units ($1,150 Estimated Market Rent)
4 - 2 Bedroom/1 Bathroom units ($1,300 Estimated Market Rent)
1 - 5 Bedroom/1 Bathroom unit (Rented for $2,570, Section 8)
1 - Studio ($1,000 Estimated Market Rent)

Neighborhood:
From the LiveBaltimore website: "Charles North along the southern edge of North Baltimore offers an eclectic mix of arts and entertainment venues as well as historic buildings and architecturally impressive houses. Located directly north of Penn Station, the neighborhood is a great option for commuters! Residents enjoy a central location, walk-ability and access to entertainment."

*While the property is configured as 16 units, the multi-family dwelling license is for 15 units.*