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Luxury Mixed-Use Apartment Building

2-4 E Preston Street, Baltimore, MD 21202

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For Sale

$750,000

13-unit apartment building with a vacant ground-floor retail space, modern in-unit finishes, and separately metered utilities.

Type:Multi-Family

Property size:

10,040 SF

Price / SF:

$74/SF

HighLights

13‑unit building with 12 apartment units and 1 ground‑floor retail unit; retail unit currently vacant (was leased for $3,811/mo).
Current gross scheduled rent: $11,780/month and $141,360/year; potential new ownership income listed at $18,615/month and $223,380/year.
Newer in‑unit features include stainless steel appliances, granite counters, soft‑close cabinetry, new hardwood flooring, and double‑vanity bathrooms.
9‑foot ceilings and mini‑split heating/cooling; each unit is separately metered for gas and electric.
Each unit has its own washer/dryer; entry access control includes key fob and keypad/intercom at the front entrance.
Lead Free property with CHAP credit on real estate taxes—approximately 3 years remaining (see CHAP letter in documents).

We can help!

Listing Contact

Matthew Cooper

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For Sale

$750,000

13-unit apartment building with a vacant ground-floor retail space, modern in-unit finishes, and separately metered utilities.

Type:Multi-Family

Property size:

10,040 SF

Price / SF:

$74/SF

Added:: May 24, 2026
Days on Market:: 23
Last Refresh:: Jun 12 at 3:31 am

Property Features for 2-4 E Preston Street

General Information

Standard status: Active
Size: 10,040 SF
Property subtype: Multi-Family

Building Details

Year Built: 1900

We can help!

Listing Contact

Matthew Cooper

Listing agent Matthew Cooper License #594308

Listing office Alex Cooper Auctioneers, Inc.

Listing date May 24, 2026

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Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Alex Cooper Auctioneers, Inc.

HighLights

13‑unit building with 12 apartment units and 1 ground‑floor retail unit; retail unit currently vacant (was leased for $3,811/mo).
Current gross scheduled rent: $11,780/month and $141,360/year; potential new ownership income listed at $18,615/month and $223,380/year.
Newer in‑unit features include stainless steel appliances, granite counters, soft‑close cabinetry, new hardwood flooring, and double‑vanity bathrooms.
9‑foot ceilings and mini‑split heating/cooling; each unit is separately metered for gas and electric.
Each unit has its own washer/dryer; entry access control includes key fob and keypad/intercom at the front entrance.
Lead Free property with CHAP credit on real estate taxes—approximately 3 years remaining (see CHAP letter in documents).

Overview

Preston Street Lofts is a luxury 13-unit mixed-use building featuring 12 apartment units and one ground-floor retail unit. Apartments include stainless steel kitchen appliances, granite countertops, soft-close cabinetry, and new hardwood flooring, with double vanity bathrooms and expansive 9-foot ceilings across a variety of floor plans. Select layouts include dual entryways in the two-bedroom units. Each unit has its own washer/dryer. Heating and cooling are provided by mini split systems, and every unit is separately metered for gas and electric. Visitor access is controlled through key fob entry and a keypad/intercom at the front entrance, and the property is designated as Lead Free.

The building has a current gross monthly scheduled rent of $11,780 and current annual gross scheduled rent of $141,360. Unit-level rent roll information includes multiple studio units currently rented and one studio unit currently vacant, along with an apartment unit mix that includes two-bedroom units. The ground-floor commercial unit is currently vacant and was previously leased for $3,811 per month. The property also notes approximately three years of CHAP credit remaining on real estate taxes, and the owners self-manage trash removal.

From an operator perspective, this asset offers a blend of apartment income and a street-level retail component, with individual metering and in-unit laundry to support day-to-day resident convenience. The current rent roll includes utility reimbursement and, where applicable, pet rent. Projected figures provided with the offering indicate potential monthly and annual gross scheduled rent higher than the current totals, subject to new ownership decisions.

Location Intelligence

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Preston Street Lofts Apartment Building

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Local Demand

City: Baltimore
County: Baltimore
State: Maryland
Longitude: -76.6158711
Latitude: 39.3047064

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For sale
Apartment buildings
MD
Baltimore
21202
2-4 E Preston Street

What type of property is this?

Apartment building - 13-unit apartment building with a vacant ground-floor retail space, modern in-unit finishes, and separately metered utilities.

Where is this apartment building located?

The property is located at 2-4 E Preston Street Baltimore, MD.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: 13‑unit building with 12 apartment units and 1 ground‑floor retail unit; retail unit currently vacant (was leased for $3,811/mo).; Current gross scheduled rent: $11,780/month and $141,360/year; potential new ownership income listed at $18,615/month and $223,380/year.; Newer in‑unit features include stainless steel appliances, granite counters, soft‑close cabinetry, new hardwood flooring, and double‑vanity bathrooms.