Premier Baltimore Apartment
2 E Preston St, Baltimore, MD 21202
Exceptional investment opportunity in a vibrant Baltimore location.
Type:Mixed Use
- Added:
- Apr 12, 2026
- Days on Market:
- 52
- Last Refresh:
- Apr 12 at 11:59 am
Property Features for 2 E Preston St
General Information
- Standard status
- Active
- Property subtype
- Mixed Use
Listing agent Matthew Cooper License #MD 594308
Listing office Alex Cooper Auctioneers, Inc
Listing date Apr 12, 2026
Source Crexi
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
- High Income Potential: Current gross monthly scheduled rent of $17,418 with potential to increase to $18,962.
- Prime Location: Walking distance to University of Baltimore, Maryland Institute College of Art, and Penn Station.
- Luxury Amenities: Features stainless steel appliances, granite countertops, and in‑unit washer/dryers.
- Strong Commercial Tenant: Ground floor retail unit leased to a restaurant.
- CHAP Tax Credit: Approximately 5 years remaining.
- Lead‑Free Property: Ensures safety and compliance.
Overview
Located in the heart of Baltimore, this premier apartment complex, known as Preston Street Lofts, presents an exceptional investment opportunity. The property features 12 apartment units and one ground-floor retail unit. The apartments are equipped with stainless steel appliances, including refrigerators, ranges, microwaves, and dishwashers, granite countertops, soft-close cabinetry, and new hardwood flooring. The units also feature double vanity bathrooms and 9-foot ceilings. The two-bedroom units offer dual entryways, and each unit includes its own washer and dryer. Heating and cooling are provided by mini-split systems. Each unit is separately metered for gas and electric and has access control with a key fob and keypad/intercom for visitors. The building is lead-free. The ground floor commercial unit is currently leased. The property is located within walking distance of The University of Baltimore and the Maryland Institute College of Art. A CityLink bus stop in front of the building provides transportation to Inner Harbor, Inner Harbor East, Federal Hill, and Canton. Penn Station is two blocks away, offering access to Washington DC, Philadelphia, and New York City. The property is located across the street from a Starbucks. The current gross monthly scheduled rent is $17,418, with a current annual gross scheduled rent of $209,016. The property has approximately 5 years left of CHAP credit on the real estate taxes. Select annual expenses include a public service meter at $1,050, insurance at $5,525, real estate taxes at $15,523, water/sewer at $3,980, licenses at $600, and fire/safety monitoring at $2,223. The owners currently self-manage the property and handle trash removal, a responsibility the new owner will need to assume.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.6158711
- Latitude
- 39.3047064
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Exceptional investment opportunity in a vibrant Baltimore location.
Where is this mixed-use property located?
The property is located at 2 E Preston St Baltimore, MD.
What are key features of this property?
This property features: High Income Potential: Current gross monthly scheduled rent of $17,418 with potential to increase to $18,962.; Prime Location: Walking distance to University of Baltimore, Maryland Institute College of Art, and Penn Station.; **Luxury Amenities:** Features stainless steel appliances, granite countertops, and in‑unit washer/dryers.
