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Cash-Flowing Mixed-Use Opportunity 311-313 W Baltimore St 18 Apartment Units Online Auction Sale Baltimore, MD 21201
Investment Highlights
- Don’t miss out on the opportunity to acquire this mixed-use building consisting of office and multifamily in historic Downtown Baltimore.
- Offering 18 multifamily units situated above ground-floor office space, with historically low vacancy it delivers immediate income for buyers.
- Surrounded by an abundance of retailers and conveniences such as 7-Eleven, Walgreens, Starbucks, Chipotle, Jimmy John’s, and more.
- Getting to and from the property is a breeze with Metro and bus stops within quick walking distance, and Interstate 83 is close by.
- Positioned in the heart of the city, this asset is sandwiched between University of Maryland Baltimore Campus and CFG Bank Arena.
- Within a 1-mile radius, demographics are ideal with a 73% majority of renter-occupied households and consumer spending exceeding $499 million.
Executive Summary
Investors should take note of this fully leased mixed-use property in a coveted section of Downtown Baltimore.
311-313 W Baltimore Street is a compelling investment opportunity in the heart of historic Downtown Baltimore. This five-story, 33,600-square-foot property offers a blend of vintage charm and modern upgrades, making it uniquely attractive for investors seeking both stability and upside potential. Featuring a ground-floor office space with 18 well-appointed one-bedroom apartments above, the building’s efficient layouts and generous living spaces are enhanced by exposed brick, high ceilings, wood flooring, marble baths, black granite countertops, stainless steel appliances, and in-unit washer/dryers. Built in 1907 and renovated in 2018, 311-313 W Baltimore Street is meticulously maintained and boasts a timeless character. Investors can appreciate the fully leased status, ongoing income, and the ability to continue leasing at market rates to a steady pool of renters. This asset offers immediate cash flow and long-term value in a highly sought-after location.
Historic Downtown Baltimore is a premier location that truly stands out for investors. Situated just north of Federal Hill, the vibrant area provides access to many amenities. Residents enjoy the convenience of strolling to renowned museums, boutique shops, and a diverse selection of restaurants, making daily life both effortless and enjoyable. The neighborhood is rich in cultural landmarks, including the iconic Hippodrome Theatre, Edgar Allan Poe’s resting place, and the striking Bromo Seltzer Arts Tower. The property is a short walk from the University of Maryland, Baltimore, and the world-class University of Maryland Medical Center. Connectivity is assured with numerous subway stations, bus stops, and access to major roadways. Additionally, this area is home to Mercy Medical Center, reinforcing its reputation as a hub for healthcare and urban living.
Baltimore is a prime market for investors. Renowned for its strong health care and education sectors, the city offers a wealth of opportunities. Major corporations such as Under Armour, T. Rowe Price, and Constellation Energy have established their headquarters in Baltimore, further bolstering the city's economic landscape. Additionally, Baltimore’s vibrant tourism industry draws visitors to the Inner Harbor, historic sites, and Oriole Park at Camden Yards. With so much to offer, Baltimore continues to be a top destination for investment.
Property tours are available by appointment only. Please contact the listing broker to schedule.
311-313 W Baltimore Street is a compelling investment opportunity in the heart of historic Downtown Baltimore. This five-story, 33,600-square-foot property offers a blend of vintage charm and modern upgrades, making it uniquely attractive for investors seeking both stability and upside potential. Featuring a ground-floor office space with 18 well-appointed one-bedroom apartments above, the building’s efficient layouts and generous living spaces are enhanced by exposed brick, high ceilings, wood flooring, marble baths, black granite countertops, stainless steel appliances, and in-unit washer/dryers. Built in 1907 and renovated in 2018, 311-313 W Baltimore Street is meticulously maintained and boasts a timeless character. Investors can appreciate the fully leased status, ongoing income, and the ability to continue leasing at market rates to a steady pool of renters. This asset offers immediate cash flow and long-term value in a highly sought-after location.
Historic Downtown Baltimore is a premier location that truly stands out for investors. Situated just north of Federal Hill, the vibrant area provides access to many amenities. Residents enjoy the convenience of strolling to renowned museums, boutique shops, and a diverse selection of restaurants, making daily life both effortless and enjoyable. The neighborhood is rich in cultural landmarks, including the iconic Hippodrome Theatre, Edgar Allan Poe’s resting place, and the striking Bromo Seltzer Arts Tower. The property is a short walk from the University of Maryland, Baltimore, and the world-class University of Maryland Medical Center. Connectivity is assured with numerous subway stations, bus stops, and access to major roadways. Additionally, this area is home to Mercy Medical Center, reinforcing its reputation as a hub for healthcare and urban living.
Baltimore is a prime market for investors. Renowned for its strong health care and education sectors, the city offers a wealth of opportunities. Major corporations such as Under Armour, T. Rowe Price, and Constellation Energy have established their headquarters in Baltimore, further bolstering the city's economic landscape. Additionally, Baltimore’s vibrant tourism industry draws visitors to the Inner Harbor, historic sites, and Oriole Park at Camden Yards. With so much to offer, Baltimore continues to be a top destination for investment.
Property tours are available by appointment only. Please contact the listing broker to schedule.
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- Operating and Financials
- Purchase Agreement
- Third Party Reports
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Market Analytics Click Here to Access
Property Facts
| Sale Type | Investment | Lot Size | 0.13 AC |
| Sale Condition | Auction Sale | Building Size | 33,600 SF |
| Type of Ownership | Fee Simple | No. Stories | 5 |
| No. Units | 18 | Year Built/Renovated | 1907/2018 |
| Property Type | Multifamily | Parking Ratio | 0.33/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | Parcel Number | 0643-008 |
| Building Class | B | ||
| Zoning | C-5-DC - C5-DC. Licensed for 18 Dwelling Units. | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 33,600 SF |
| No. Stories | 5 |
| Year Built/Renovated | 1907/2018 |
| Parking Ratio | 0.33/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C-5-DC - C5-DC. Licensed for 18 Dwelling Units. |
| Parcel Number | 0643-008 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Heating
- Double Vanities
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Freezer
- Island Kitchen
Site Amenities
- Laundry Facilities
- Storage Space
- Elevator
- Maintenance on site
1 1
Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Sale Advisor
Sale Advisor
Roman Tsimberg, Director Commercial Real Estate Sales
Roman has over 30 years of experience dealing with Commercial Real Estate and Hundreds of Completed transactions on various platforms including Ten-X. As a trained real estate professional, Roman's expertise includes marketing, presentation, negotiation, and sales. He has represented national private and corporate clients, as well as, banks and special assets groups in REO transactions. Roman currently helps clients to achieve above-market returns in Maryland, Florida, and the District of Columbia markets.
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Auction Contact
Pace Zambito
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Auctioneer License:
Ten-X Vibhav Kapila RE Brkr 660150
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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