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Listed by Matt Cooper • Alex Cooper Auctioneers, Inc.
$ 800,000
Est. payment | /mo
2,040 Sqft Lot
$ 800,000
Est. payment | /mo
2,040 Sqft Lot
Open House
Wed Feb 04, 11:00am - 11:00am
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDBA2199514
Year Built 1900
Annual Tax Amount $14,073
Tax Year 2025
Lot Size 2,040 Sqft
Acres 0.05
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Saturday, February 7th and ends Thursday, February 12, 2026 at 1:00 PM. GUIDED TOUR WEDNESDAY, FEBRUARY 4TH STARTING AT 11:00AM. The Lofts at Saint Paul is a fully renovated, boutique multifamily investment opportunity located at 1210 & 1212 Saint Paul Street in the Downtown Baltimore City submarket. This two-building asset comprises 15 residential units totaling approximately 11,052 square feet and is currently 100% occupied, providing immediate and stabilized cash flow. The property features a well-balanced and efficient unit mix across both buildings. 1210 Saint Paul Street includes five studio apartments, one one-bedroom/one-bath unit, and one one-bedroom/one-and-a-half-bath unit. 1212 Saint Paul Street offers six studio apartments, one one-bedroom/one-bath unit, and one two-bedroom/one-bath unit, appealing to a diverse tenant base seeking urban living. Both buildings were gut renovated in 2015 and showcase modern interior finishes throughout. Units feature stainless steel appliances, wood cabinetry, and hardwood flooring, creating a contemporary yet durable living environment. The renovation included new mechanical systems and new windows. Additional highlights include three on-site parking spaces, a valuable amenity in this high-demand downtown location. The asset achieves a strong average rent of $1,212 per unit, underscoring the quality of the renovations and consistent tenant demand.
Situated within close proximity to employment centers, universities, public transportation, dining, and entertainment, The Lofts at Saint Paul represents a compelling opportunity to acquire a fully stabilized, modernized multifamily asset in one of Baltimore's most established urban neighborhoods. Financial Highlights
**Scheduled Gross Monthly Rent of $18,191.63**
**Scheduled Gross Yearly Rent of $218,299.56**
Projected Annual Expenses:
Taxes: $30,156
Special Benefit District Surcharge: $1,687
Insurance: $9,000
Electric: $3,119
Water: $7,585
Trash Removal
Pest Control: $1,380
Fire/Life Safety: $1,500
Licenses: $750
Situated within close proximity to employment centers, universities, public transportation, dining, and entertainment, The Lofts at Saint Paul represents a compelling opportunity to acquire a fully stabilized, modernized multifamily asset in one of Baltimore's most established urban neighborhoods. Financial Highlights
**Scheduled Gross Monthly Rent of $18,191.63**
**Scheduled Gross Yearly Rent of $218,299.56**
Projected Annual Expenses:
Taxes: $30,156
Special Benefit District Surcharge: $1,687
Insurance: $9,000
Electric: $3,119
Water: $7,585
Trash Removal
Pest Control: $1,380
Fire/Life Safety: $1,500
Licenses: $750
Location
State MD
County Baltimore City
Zoning OR-2
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Garage Spaces 3.0
Water Access N
Accessibility None
Total Parking Spaces 3
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0311010484 006
Ownership Fee Simple
Special Listing Condition Auction
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Meghan Pachas
Broker Associate