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Baltimore, MD 21202 22 E Preston Street

$500,000

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Presented By: Alex Cooper Auctioneers, Inc.
  • MLS# MDBA2160178
  • 03/17/2025
  • Request Tour
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  • SQFT • 4,320

Home Details

List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Thursday, April 3rd and ends Tuesday, April 8, 2025 at 12:00PM. Fully Leased 5 Unit Apartment Building in the "Mount Vernon" Neighborhood of Baltimore City. Approximately 4,320+/- sq. ft. of above grade living space and 1,080+/- sq. ft. below grade living space. Current gross monthly scheduled rent of $7,495. Current gross annual scheduled rent of $89,940. Unit B - 2 Bedroom/1 Bath Rented for $1,399. Unit 1 - 2 Bedroom/2 Bath Rented for $1,399. Unit 2 - 2 Bedroom/2 Bath Rented for $1,399. Unit 3 - 2 Bedroom/2 Bath Rented for $1,599. Unit 4 - 2 Bedroom/2 Bath Rented for $1,699. Utilities: The units are individually metered for gas and electric. Key Items:- All central heat pump systems replaced by prior owner, it is possible some are under warranty. - Roof replaced in 2020 - All units have W/D. Expenses Property Taxes, July 1, 2025-June 30, 2026: $8,760. Special Benefit District Surcharge July 1, 2025- June 30, 2026: $490. Ground Rent Per SDAT: $90. Water Per Historical Figures: $83. Electric/Gas Per Historical Figures: $445. Licenses Est. $50/Unit or approximately $250 total. Location: Mount Vernon is a designated National Landmark Historic District and a city Cultural District. It boasts stunning 19th century architecture and well kept parks. Being close to downtown, Mount Vernon is well-served by public transit and is blocks from Light Rail. The neighborhood is home to a mix of institutions, including the Peabody Conservatory, Walters Art Museum, University of Baltimore, Maryland Historical Society, Maryland Institute College of Art, Joseph Meyerhoff Symphony Hall, Baltimore School for the Arts, Lyric Opera House, Center Stage & much more!
Presented By: Alex Cooper Auctioneers, Inc.

Interior Features for 22 E Preston Street

Other Interior Features

Central Air Y/NNo
Heating FuelOther
Heating Y/NYes
Hot WaterOther

General for 22 E Preston Street

AccessibilityNone
Auction LocationOnline only
Auction Time12:00PM
Auction TypeSubject To Seller Confirmation
Business TypeApartment Building
CityBALTIMORE
Construction MaterialsBrick, Other
Cool FuelElectric
CoolingOther
CountyBALTIMORE CITY
DirectionsSt Paul St to E Preston St
HeatingOther
Legal SubdivisionWard 11
Lot Size Square Feet1566.00
Lot Size UnitsSquare Feet
ModificationTimestamp2025-04-08T22:46:48
MunicipalityBaltimore City
New ConstructionNo
Number Of Units Total4
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG92.59
Property SubtypeFive Or More Units
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount8436.0
Tax Assessed Value357467.0
Tax Lot029
Tax Year2024
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1900
Year Built SourceAssessor
ZoningOR-2

Exterior for 22 E Preston Street

Building Area Total5400.00
Land Assessed Value86100.00
Land Use CodeM
Lot Size Acres0.04
Lot Size SourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingNone
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
WaterfrontY/NNo

Additional Details

Price History

Aleksandar Tomic

Real Estate Professional
Price $500,000
MLS#MDBA2160178
List Date 03/17/2025
Property Type Commercial
Phone 571.207.5186
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