2227 Saint Paul St 5 Unit Apartment Building $200,000 ($40,000/Unit) Baltimore, MD 21218

LIST PRICE IS OPENING BID AT ONLINE AUCTION
Exceptional multifamily property located in Baltimore’s rapidly growing Station North/Barclay neighborhood, just minutes from Penn Station, MICA, Johns Hopkins, and downtown Baltimore. This historic brick row-home was configured into 5 income-producing units, offering strong cash flow potential in a highly desirable and transit-oriented location.
The property features approximately 3,428± SF of living space with updated systems, modern interiors, and separately metered utilities.
Units include contemporary kitchens with granite counter-tops, updated appliances, central air conditioning, and updated bathrooms.
The building combines classic Baltimore character with modern tenant appeal.
Estimated Potential Monthly Rent: $5,073.00±
Estimated Potential Annual Rent:$60,876±
Property Highlights:
• 5-unit multifamily building
• Approximately 3,428± SF
• Well Maintained building
• Separately metered utilities
• Updated kitchens and baths
• Central HVAC
• Strong rental demand area
• Short distance to Penn Station and Station North Arts District
• Convenient access to MICA, University of Baltimore, Johns Hopkins, and downtown employers
• New HVAC in Unit 5 (replaced in 2025 per seller)
• Rear Siding Replaced (replaced in 2025 per seller)
• Designated Laundry Area on lower level
Ideal for:
• Buy-and-hold investors
• Value-add multifamily operators
• Various rental strategies
Located in one of Baltimore’s most active redevelopment corridors, 2227 Saint Paul Street offers a compelling opportunity to acquire a stabilized urban asset with long-term upside.
Property is configured as:
Lower Level
Apt. 1 (Rented)
Kitchen
Living Area
Dining Area
1bd/1ba
Access to Laundry Area
Rental Information:
Scheduled Monthly Rent: $920
HAP Portion: $592/mo
Tenant Portion: $328/mo
Scheduled Annual Rent: $11,040/yr
Lease Start Date: July 1, 2016
Lease Status: Tenant is not current on rent.
Second Level
Apt. 2 (Vacant)
Potential Monthly Rent: $1,200±
Potential Annual Rent: $14,400±
Kitchen
Living Area
Dining Area
1bd/1ba
Apt. 3 (Rented)
Kitchen
Living Area
Dining Area
1bd/1ba
Rental Information:
Scheduled Monthly Rent: $1,020
Scheduled Annual Rent: $12,240
Lease Start Date: January 6, 2026
Lease Term: Yearly
Lease Status: Tenant is current on rent.
Third Level
Apt. 4 (Rented)
Studio Style Apartment-
Kitchen
Living Area
Dining Area
Full Bathroom
Rental Information:
Scheduled Monthly Rent: $850
Scheduled Annual Rent: $10,200
Lease Start Date: July 25, 2025
Lease End Date: August 17, 2026
Lease Term: 1 year with option to Renew.
Lease Status: Tenant is current on rent.
Apt. 5 (Vacant)
Potential Monthly Rent: $1,083±
Potential Annual Rent: $12,996±
Kitchen
Living Area
Dining Area
1bd/1ba
Note: Total Estimated Potential Annual Rent & Total Estimated Potential montly rent are estimates only, based on full building occupancy and are not actual figures. Currently, 3 out of 5 Units are rented.
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, rent ledgers, lead certificates, rental license, 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 Saturday, June 6 and ends Thursday, June 11, 2026 at 11:00 AM.
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.