Five-Unit Apartment
For Sale
$500,000
Pending
22 E PRESTON STREET, Baltimore, MD 21202
Fully leased apartment property with individually metered utilities in Baltimore’s Mount Vernon historic district.
Property Size5,400 SF
Days on Market50
Property Features for 22 E PRESTON STREET
General Information
Standard status
Pending
Size
5,400 SF
Property subtype
Commercial
Occupancy
100%
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 4 x 2BR/2BA
Multifamily Units
5
Amenities
washer/dryer
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Alex Cooper Auctioneers, Inc.
(410) 828-4838
Listed By:
Matthew S Cooper · License #BR704493
(410) 977-4711
Source:
Cummingsrealtors
Added: Sep 4
Changed: Oct 21
Last Checked: Oct 20 at 11:09PM
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.
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Investment Insights
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Constructed in 1900, this five-unit apartment building contains approximately 5,400 square feet, including about 4,320+/- square feet above grade and 1,080+/- square feet below grade. The unit mix consists of one two-bedroom, one-bath apartment and four two-bedroom, two-bath apartments. All units include washer and dryer appliances, while gas and electric service are separately metered by unit.
Building improvements include replacement central heat pump systems installed by the prior owner and a roof replaced in 2020. The property is fully leased and located in Baltimore’s Mount Vernon neighborhood, a designated National Landmark Historic District and city Cultural District. The area includes the Peabody Conservatory, Walters Art Museum, University of Baltimore, Maryland Historical Society, Maryland Institute College of Art, and Joseph Meyerhoff Symphony Hall. Public transit serves the neighborhood, with Light Rail located blocks away.
Building improvements include replacement central heat pump systems installed by the prior owner and a roof replaced in 2020. The property is fully leased and located in Baltimore’s Mount Vernon neighborhood, a designated National Landmark Historic District and city Cultural District. The area includes the Peabody Conservatory, Walters Art Museum, University of Baltimore, Maryland Historical Society, Maryland Institute College of Art, and Joseph Meyerhoff Symphony Hall. Public transit serves the neighborhood, with Light Rail located blocks away.
Key Highlights
- Five‑unit apartment building with four 2‑bedroom/2‑bath units and one 2‑bedroom/1‑bath unit
- Approximately 5,400 SF total, including 4,320+/- SF above grade and 1,080+/- SF below grade
- Fully leased with individually metered gas and electric service
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Lease Details
5
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,109
Businesses Nearby
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Business Placement
Demographics for 21202, MD
22,247
Population
12,731
Households
1.7
Avg Household Size
33
Median Age
48%
College-Educated
86%
High-School Grad
1.6 sq mi
ZIP Area
13,904
Density / Sq Mi
$61,578
Median Household Income
$53,609
Median Earnings
$1,497
Median Rent
$307,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased apartment property with individually metered utilities in Baltimore’s Mount Vernon historic district.
Where is this apartment building located?
The property is located at 22 E PRESTON STREET Baltimore, MD.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Five‑unit apartment building with four 2‑bedroom/2‑bath units and one 2‑bedroom/1‑bath unit; Approximately 5,400 SF total, including 4,320+/- SF above grade and 1,080+/- SF below grade; Fully leased with individually metered gas and electric service
