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2445 Lakeview Ave 6 Unit Apartment Building $500,000 ($83,333/Unit) Baltimore, MD 21217
Investment Highlights
- Completely Updated & Renovated
- 6 Unit Building in Reservoir Hill
- Value Add Opportunity
Executive Summary
GUIDED TOUR, MONDAY, FEBRUARY 16TH STARTING AT 11AM.
List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Friday, February 13th and ends Wednesday, February 18, 2026 at 1:00PM.
Value-Add 6-Unit Multifamily | Strong Unit Mix | Separate Utilities
Well-maintained six-unit multifamily asset on a .265± Acre lot the desirable Reservoir Hill neighborhood of Baltimore City. The property consists of four (4) two-bedroom, one-bath units and two (2) three-bedroom, one-bath units, with three occupied units providing in-place cash flow and three vacant units, creating an immediate value-add and lease-up opportunity.
Most units measure approximately 900± SF, offering spacious layouts that support strong rental demand. All units feature hardwood floors, ceiling fans, central HVAC and overhead lighting. Kitchens are upgraded with granite countertops, stainless steel appliances, built-in microwaves, tile backsplash, and mini blinds, while bathrooms include ceramic tile finishes—attractive to quality tenants and supportive of premium rents with minimal deferred maintenance.
Each unit is individually equipped with in-unit washer and dryer, central HVAC, gas furnace, tankless water heater, separate 100-amp electric service and separate gas meter. The renovation reduced future capital expenditures and improved long-term operating efficiency. Tenants pay their own gas, electric, and cable/internet, keeping owner expenses low and NOI strong.
Located near major commuter routes, public transportation, and neighborhood redevelopment activity, the property is well positioned for rent growth and appreciation in a historically strong Baltimore City submarket.
Ideal for investors seeking a turnkey building with modern systems and clear upside potential by leasing out the vacant units.
**Scheduled Gross Monthly Rent $4,595.00**
**Scheduled Gross Annual Rent $55,140.00**
**Projected Gross Monthly Rent based on full occupancy $9,485.00**
**Projected Gross Annual Rent based on full occupancy $113,820.00**
Unit Breakdown:
101 - 2 Bed/1Bth - Approx. 850 sq.ft. $1,495.00/month
102 - 2 Bed/1Bth - Approx. 900 sq.ft. Vacant - Estimated Rent $1,500.00/month
201 - 3 Bed/1Bth - Approx. 900 sq.ft. Vacant - Estimated Rent $1,695.00/month
202 - 2 Bed/1Bth - Approx. 900 sq.ft. $1,550.00/month
301 - 3 Bed/1Bth - Approx. 900 sq.ft. Vacant - Estimated Rent $1,695.00/month
302 - 2 Bed/1Bth - Approx. 900 sq.ft. $1,550.00/month
Completely Renovated & Updated*See all photos in the link above*
Projected Annual Expenses:
Real Estate Taxes: $4,017.00
Water: $4,804.00
Utilities: $2,957.00
Inspections: $150.00
Landscaping: $1,170.00
**Trash Pick Up Through Baltimore City**
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 certificates, rental license, rent roll 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 Friday, February 13th and ends Wednesday, February 18, 2026 at 1:00PM.
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.
List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Friday, February 13th and ends Wednesday, February 18, 2026 at 1:00PM.
Value-Add 6-Unit Multifamily | Strong Unit Mix | Separate Utilities
Well-maintained six-unit multifamily asset on a .265± Acre lot the desirable Reservoir Hill neighborhood of Baltimore City. The property consists of four (4) two-bedroom, one-bath units and two (2) three-bedroom, one-bath units, with three occupied units providing in-place cash flow and three vacant units, creating an immediate value-add and lease-up opportunity.
Most units measure approximately 900± SF, offering spacious layouts that support strong rental demand. All units feature hardwood floors, ceiling fans, central HVAC and overhead lighting. Kitchens are upgraded with granite countertops, stainless steel appliances, built-in microwaves, tile backsplash, and mini blinds, while bathrooms include ceramic tile finishes—attractive to quality tenants and supportive of premium rents with minimal deferred maintenance.
Each unit is individually equipped with in-unit washer and dryer, central HVAC, gas furnace, tankless water heater, separate 100-amp electric service and separate gas meter. The renovation reduced future capital expenditures and improved long-term operating efficiency. Tenants pay their own gas, electric, and cable/internet, keeping owner expenses low and NOI strong.
Located near major commuter routes, public transportation, and neighborhood redevelopment activity, the property is well positioned for rent growth and appreciation in a historically strong Baltimore City submarket.
Ideal for investors seeking a turnkey building with modern systems and clear upside potential by leasing out the vacant units.
**Scheduled Gross Monthly Rent $4,595.00**
**Scheduled Gross Annual Rent $55,140.00**
**Projected Gross Monthly Rent based on full occupancy $9,485.00**
**Projected Gross Annual Rent based on full occupancy $113,820.00**
Unit Breakdown:
101 - 2 Bed/1Bth - Approx. 850 sq.ft. $1,495.00/month
102 - 2 Bed/1Bth - Approx. 900 sq.ft. Vacant - Estimated Rent $1,500.00/month
201 - 3 Bed/1Bth - Approx. 900 sq.ft. Vacant - Estimated Rent $1,695.00/month
202 - 2 Bed/1Bth - Approx. 900 sq.ft. $1,550.00/month
301 - 3 Bed/1Bth - Approx. 900 sq.ft. Vacant - Estimated Rent $1,695.00/month
302 - 2 Bed/1Bth - Approx. 900 sq.ft. $1,550.00/month
Completely Renovated & Updated*See all photos in the link above*
Projected Annual Expenses:
Real Estate Taxes: $4,017.00
Water: $4,804.00
Utilities: $2,957.00
Inspections: $150.00
Landscaping: $1,170.00
**Trash Pick Up Through Baltimore City**
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 certificates, rental license, rent roll 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 Friday, February 13th and ends Wednesday, February 18, 2026 at 1:00PM.
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts Under Contract
| Price | $500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $83,333 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.26 AC |
| No. Units | 6 | Building Size | 7,371 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1909 |
| Price | $500,000 |
| Price Per Unit | $83,333 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.26 AC |
| Building Size | 7,371 SF |
| No. Stories | 3 |
| Year Built | 1909 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Security System
- Kitchen
- Oven
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 3457-024 | Improvements Assessment | $115,200 |
| Land Assessment | $55,000 | Total Assessment | $170,200 |
Property Taxes
Parcel Number
3457-024
Land Assessment
$55,000
Improvements Assessment
$115,200
Total Assessment
$170,200
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2445 Lakeview Ave
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