Little Italy Multi-Building
For Sale
Contact for pricing
Pending
401 S High St, Baltimore, MD 21202
Multi-building property in Little Italy with redevelopment potential.
Property SizeContact for details
Days on Market164
Property Features for 401 S High St
General Information
Standard status
Pending
Property subtype
Mixed Use
Zoning
C-1
Building Details
Buildings
3
Stories
4
Listing Agency:
Alex Cooper Auctioneers, Inc
(410) 977-4711
Listed By:
Matthew Cooper · License #MD 594308
Source:
Crexi
Added: Mar 11
Changed: Aug 21
Last Checked: Aug 21 at 1:45PM
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
Investment Insights
Based on property information with market context.
Located in the heart of Little Italy, this multi-building property at 401–405 S. High Street presents potential for investors or developers seeking a value-add project. The property consists of three attached structures with multiple residential units, a garage, and additional space suitable for expansion or reconfiguration. 401 S. High Street is configured as commercial space and four fully leased residential units with a scheduled gross monthly rent of $4,750 and a scheduled gross year rent of $57,000. The main level has an undivided floor plan. The rear of the main level includes additional storage space with potential to convert into another unit or usable living area. The second level includes a shared covered patio-style walkway and laundry area serving two 2-bedroom, 1-bathroom residences with eat-in kitchens and spacious living areas. One unit also includes a bonus walk-through room. The third level offers one 1-bedroom, 1-bathroom unit and one 2-bedroom, 1-bathroom unit, both featuring eat-in kitchens. Residential units were renovated across 2013 and 2014, including new flooring, cabinets, granite counters, appliances and 100 Amp electric service for each unit. Units have independent utilities with forced hot air heating and gas water heaters. In 2016, all the HVAC units were replaced. The roof was completed in 2011. 403 S. High Street includes an open main-level space with garage door, offering flexibility for additional residential conversion, storage, or mixed-use possibilities. Behind the structure is a large gated open area that may provide future off-street parking, courtyard, or outdoor amenity space with approximately 6-10 parking spots. 405 S. High Street is a commercial building that requires a complete rehabilitation. A new roof was installed in 2010. Access to the upper levels is currently unavailable due to missing staircases. The property offers potential to reposition a centrally located property with existing unit infrastructure, flexible layouts, and additional development potential. Projected select annual expenses include $9,793 in taxes and $5,220 for water.
Key Highlights
- Located in the heart of Little Italy, offering a prime location.
- Value‑add opportunity with three attached structures offering significant upside through renovation and redevelopment.
- 401 S. High Street has existing income with 4 fully leased residential units, generating a scheduled gross annual rent of $57,000.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,864
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-building property in Little Italy with redevelopment potential.
Where is this mixed-use property located?
The property is located at 401 S High St Baltimore, MD.
What are key features of this property?
This property features: Located in the heart of Little Italy, offering a prime location.; Value‑add opportunity with three attached structures offering significant upside through renovation and redevelopment.; 401 S. High Street has existing income with 4 fully leased residential units, generating a scheduled gross annual rent of $57,000.
