2227 Saint Paul St - Apartments FOR SALE


Baltimore, MD 21218- Barclay
$200,000 USD
410-977-4711
2227 Saint Paul St, Baltimore, MD for Sale
$200,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

2227 Saint Paul St
Baltimore, MD 21218
Barclay


OVERVIEW

LIST PRICE IS OPENING BID AT ONLINE AUCTION Exceptional multifamily property located in Baltimore’s rapidly growing Station North/Barclay neighborhood, just minutes from Penn Station, MICA, Johns Hopkins, and downtown Baltimore. This historic brick row-home was configured into 5 income-producing units, offering strong cash flow potential in a highly desirable and transit-oriented location. The property features approximately 3,428± SF of living space with updated systems, modern interiors, and separately metered utilities. Units include contemporary kitchens with granite counter-tops, updated appliances, central air conditioning, and updated bathrooms. The building combines classic Baltimore character with modern tenant appeal. Estimated Potential Monthly Rent: $5,073.00± Estimated Potential Annual Rent:$60,876± Property Highlights: • 5-unit multifamily building • Approximately 3,428± SF • Well Maintained building • Separately metered utilities • Updated kitchens and baths • Central HVAC • Strong rental demand area • Short distance to Penn Station and Station North Arts District • Convenient access to MICA, University of Baltimore, Johns Hopkins, and downtown employers • New HVAC in Unit 5 (replaced in 2025 per seller) • Rear Siding Replaced (replaced in 2025 per seller) • Designated Laundry Area on lower level Ideal for: • Buy-and-hold investors • Value-add multifamily operators • Various rental strategies Located in one of Baltimore’s most active redevelopment corridors, 2227 Saint Paul Street offers a compelling opportunity to acquire a stabilized urban asset with long-term upside. Property is configured as: Lower Level Apt. 1 (Rented) Kitchen Living Area Dining Area 1bd/1ba Access to Laundry Area Rental Information: Scheduled Monthly Rent: $920 HAP Portion: $592/mo Tenant Portion: $328/mo Scheduled Annual Rent: $11,040/yr Lease Start Date: July 1, 2016 Lease Status: Tenant is not current on rent. Second Level Apt. 2 (Vacant) Potential Monthly Rent: $1,200± Potential Annual Rent: $14,400± Kitchen Living Area Dining Area 1bd/1ba Apt. 3 (Rented) Kitchen Living Area Dining Area 1bd/1ba Rental Information: Scheduled Monthly Rent: $1,020 Scheduled Annual Rent: $12,240 Lease Start Date: January 6, 2026 Lease Term: Yearly Lease Status: Tenant is current on rent. Third Level Apt. 4 (Rented) Studio Style Apartment- Kitchen Living Area Dining Area Full Bathroom Rental Information: Scheduled Monthly Rent: $850 Scheduled Annual Rent: $10,200 Lease Start Date: July 25, 2025 Lease End Date: August 17, 2026 Lease Term: 1 year with option to Renew. Lease Status: Tenant is current on rent. Apt. 5 (Vacant) Potential Monthly Rent: $1,083± Potential Annual Rent: $12,996± Kitchen Living Area Dining Area 1bd/1ba Note: Total Estimated Potential Annual Rent & Total Estimated Potential montly rent are estimates only, based on full building occupancy and are not actual figures. Currently, 3 out of 5 Units are rented. The information contained herein was obtained from sources deemed to be reliable, but is offered for informational purposes only. Neither the auctioneer or the owner make any representations or warranties with respect to the accuracy of information. Diligence Package: A copy of the purchase and sale agreement, leases, rent ledgers, lead certificates, rental license, and assorted addenda are located in the documents section. In order to gain access, you must create a free account as well as accept a non-disclosure agreement. Auction Notes: Online Auction Only! Bidding begins Saturday, June 6 and ends Thursday, June 11, 2026 at 11:00 AM. Online Bidding Notes: The initial deposit must be made via credit card, wire transfer or by Cashier's Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details. If a lot receives a bid within the last 3 minutes. it will remain open for an additional 3 minutes. If any further bidding occurs, the extension timer will reset to 3 minutes. If no further bidding activity occurs, the lot closes when the timer runs out.

FOR SALE DETAILS

PRICE

$200,000 USD

PRICE/SF

$58 USD /SF

# OF UNITS

5

PRICE/UNIT

$40,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R-8

APN/PARCEL ID

3818-014

ASK ABOUT THIS PROPERTY

Matt CooperAlex Cooper Auctioneers, Inc.More Info
410-977-4711

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Matt CooperAlex Cooper Auctioneers, Inc.More Info
410-977-4711

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.