Little Italy Multi-Building
401 S High St, Baltimore, MD 21202
Multi-building property in Little Italy with redevelopment potential.
Type:Mixed Use
- Added:
- Mar 11, 2026
- Days on Market:
- 63
- Last Refresh:
- Mar 19 at 10:44 pm
Property Features for 401 S High 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 Mar 11, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Alex Cooper Auctioneers, Inc
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.
- Flexible layouts and additional development potential, including a garage and courtyard space suitable for conversion or expansion.
- Residential units at 401 S. High Street renovated 2013‑2014 with new flooring, cabinets, granite counters, appliances and 100 Amp electric service for each unit.
- Independent utilities for each unit at 401 S. High Street, including forced hot air heating and gas water heaters, plus HVAC units replaced in 2016.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.6011092
- Latitude
- 39.2856326
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FAQs
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.
