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 1:00PM. The 1210-3B has a lease out for signature and is expected to be fully leased in the coming weeks.The Lofts at Saint Paul is a fully renovated, lead free 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 93% 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. Building has a sprinkler system, 100 amp servicem each unit has it's own mini split A/C & Heat. Select units offer a dishwasher.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 $17,176****Scheduled Gross Yearly Rent of $206,112****Potential Gross Monthly Rent of $18,176****Potential Gross Annual Rent of $218,112**Projected Annual Expenses:Taxes: $30,156Special Benefit District Surcharge: $1,687Insurance: $9,000Electric: $3,119Water: $7,585Trash RemovalPest Control: $1,380Fire/Life Safety: $1,500Licenses: $750
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 1:00PM. The 1210-3B has a lease out for signature and is expected to be fully leased in the coming weeks.The Lofts at Saint Paul is a fully renovated, lead free 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 93% 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. Building has a sprinkler system, 100 amp servicem each unit has it's own mini split A/C & Heat. Select units offer a dishwasher.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 $17,176****Scheduled Gross Yearly Rent of $206,112****Potential Gross Monthly Rent of $18,176****Potential Gross Annual Rent of $218,112**Projected Annual Expenses:Taxes: $30,156Special Benefit District Surcharge: $1,687Insurance: $9,000Electric: $3,119Water: $7,585Trash RemovalPest Control: $1,380Fire/Life Safety: $1,500Licenses: $750
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