The Daily Record Bldg 11-15 E Saratoga St 20 Unit Apartment Building $900,000 ($45,000/Unit) Baltimore, MD 21202

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 12:00 PM.
GUIDED TOUR WEDNESDAY, FEBRUARY 4TH STARTING AT 12:15PM
20 Unit Luxury Apartment Building that is 95% Leased in the Heart of Downtown Baltimore City Known as The Daily Record Building **Potential Gross Annual Rent of $275,128**
The Lofts at The Daily Record is a boutique luxury apartment building located at 11 E. Saratoga Street in the heart of Downtown Baltimore City. This fully renovated, income-producing asset consists of 20 thoughtfully designed residential units spanning approximately 18,360 square feet and is currently 95% occupied, offering immediate and stable cash flow.
Originally gut-renovated in 2018, the property features a modern unit mix of 3 studio apartments, 13 one-bedroom/one-bath units, and 4 two-bedroom/one-bath units, appealing to a wide range of urban renters. The building delivers a strong average rent of $1,137 per unit, supported by high-quality finishes and efficient layouts.
Each luxury-style residence includes stainless steel appliances, granite countertops, wood cabinetry, and durable vinyl plank or tile flooring. Select units are enhanced with in-unit washers and dryers, further elevating tenant demand and retention. Tenants reimburse for water, contributing to favorable operating efficiency.
The property benefits from new mechanical systems and a new roof, minimizing near-term capital expenditures and ensuring long-term durability. Positioned within walking distance of major employers, transit, dining, and cultural destinations, The Lofts at The Daily Record offers investors a rare opportunity to acquire a modernized, well-performing multifamily asset in one of Baltimore’s most established urban neighborhoods.
Financial Highlights
**Scheduled Gross Monthly Rent of $21,667.35**
**Scheduled Gross Yearly Rent of $260,008**
**Gross Potential Monthly Rent based on full occupancy of $22,927.35**
**Gross Potential Yearly Rent based on full occupancy of $275,128**
Projected Annual Expenses:
Taxes: $49,716
Special Benefit District Surcharge: $4,717
Insurance: $14,000
Electric: $6,114
Water: $11,425
Trash Removal: $7,516
Fire/Life Safety$1,500
Licenses: $1,000
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, lead certificate, rental license with 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, February 7th and ends Thursday, February 12, 2026 at 12:00 PM.
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.