50 W Biddle St 9 Unit Apartment Building $600,000 ($66,667/Unit) Baltimore, MD 21201

Guided tour to take place on December 4th PROMPTLY at 12:00PM.
List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Thursday, December 4th & ends Tuesday, December 9th, 2025 at 12:45pm. Substantially Leased Nine Unit Apartment Building in the "Mid-Town Belvedere" Neighborhood of Baltimore City
**Current Gross Monthly Scheduled Rent of $10,361**
**Current Gross Annual Scheduled Rent of $124,332**
Rental amount includes parking from 2 tenants in the amount of $169/month each as well as a pet rent for 3 tenants as well as water reimbursement from all tenants.
Situated in the heart of Baltimore’s vibrant and historic Mount Vernon neighborhood, 48–50 West Biddle Street offers investors the rare chance to acquire a stabilized, well-maintained nine-unit multifamily property with clear upside potential.
Originally constructed in 1900, the four-story brick building features a mix of (3) studios, (2) one-bedroom/one-bath units, and (4) two-bedroom/two-bath units, totaling approximately 7,486 square feet. Each residence showcases a combination of character and comfort, with white or stainless-steel appliances, wood cabinetry, formica countertops, and hardwood, plank, tile, or carpet flooring. A surface parking lot with four spaces sits conveniently behind the building—two of which are currently underutilized and can be marketed for additional income.
Over the past several years, current ownership has completed significant capital improvements, including roof replacements, updated electrical systems, hot water heater replacements, the installation of central HVAC in three units, and washer/dryers in five units. Between 2017 and 2025, ownership has also renovated eight of the nine apartments, leaving one classic unit ready for a new owner to upgrade.
The property maintains strong rental performance, with an average rent of $1,343 per unit and a current occupancy of 89%. Residents benefit from spacious layouts averaging 832 square feet, and access to amenities and transit options that are unmatched in the city.
Location: Just a three-minute walk from the University of Baltimore and within a short distance of MICA, the Peabody Institute, and UMMC Midtown Campus, 48–50 West Biddle is ideally positioned for professionals, students, and faculty alike. The property is also less than a half-mile from Baltimore’s Penn Station, which is undergoing $150 million in redevelopment, including new retail, office, and residential components that will further enhance the area’s appeal. Surrounded by Mount Vernon’s hallmark attractions—such as the Walters Art Museum, the George Peabody Library, and popular dining destinations like Restaurante Tio Pepe and Sotto Sopra—residents enjoy a truly walkable, connected urban lifestyle.
Mount Vernon continues to be one of Baltimore’s most desirable rental neighborhoods, with over 80 percent of nearby households renting and average household incomes exceeding $65,000, roughly 15 percent above the city average. This strong renter demographic, combined with ongoing infrastructure and cultural investment in the district, makes 48–50 West Biddle Street a standout opportunity for investors seeking both stability and growth potential in the heart of the city.
Diligence Package: A copy of the purchase and sale agreement 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 Thursday, December 4th & ends Tuesday, December 9th, 2025 at 12:45pm.
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.