List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Friday, January 16th and ends Wednesday, January 21, 2026 at 1:30PM. Renovation Opportunity - 32 Unit Apartment Complex in the Beechfield Neighborhood of Baltimore City **Gross Potential Annual Rent of $537,600** This value-add opportunity is believed to be configured as 32 two-bedroom, one-bathroom units. The property is ideal for investors seeking a substantial renovation project with significant upside. Other than 1 unit, the property is vacant. The property has units in various conditions ranging from a small punch list to needing full renovation. Photos of most of the units are available in the external links. After full renovations, each 2BR/1BA unit is projected to rent at $1,400/month totaling $537,600/year. Key Property Features • Total Units: 32 • Unit Mix: All 2BR / 1BA • Current Condition: In need of full rehabilitation—perfect for experienced investors aiming to modernize and reposition • Building Type: Garden-style apartment complex • Address Range: 4907–4921 Frederick Avenue, Baltimore, MD • Zoning: R-6 • Utilities: Existing utility infrastructure in place (buyer to verify condition) The property was previously 40+ units, however, the City is requiring that the lower level units be filled in and not utilized. The property does not currently have an active multi-family dwelling license. Investment Highlights • Significant Value-Add Potential: Full renovation can unlock substantial rent premiums and improve operational efficiency. • Strong Rental Demand: Two-bedroom units remain highly desirable in the Baltimore market, ensuring strong leasing potential post-renovation. • Attractive Location: Convenient access to major roadways, public transportation, local retail, schools, and employment hubs. • Scalable Repositioning: With uniform unit layouts, renovations can be standardized for cost control and timeline efficiency. • Opportunity for Stabilized Cash Flow: Once rehabbed and leased, the property offers the potential for strong, steady NOI and long-term appreciation. Ideal Buyer This asset is well-suited for developers, multifamily investors, or repositioning specialists seeking a substantial redevelopment project and a chance to elevate a property in a growing Baltimore corridor. Diligence Package: A copy of the purchase and sale agreement 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 Friday, January 16th and ends Wednesday, January 21, 2026 at 1:30PM. 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.