11 Saratoga St Baltimore, MD 21202-2115
- Apartment buildings
- 18,360 SF
- 0.13 lot acres
Current Use by Public Records
- Lofts at the Daily Record / Apartment Building
- Slim Moe Bob / Clothes Market
Property Details for 11 Saratoga St
- Year built
- 1900
- Construction
- BRICK
- Lot size
- 0.13 lot acres
- Property size
- 18,360 SF
- Zone code
- C-5DC
- Property type
- Apartment buildings
- APN
- 04-01-0608 -007
- APU
- 4010608007
Description
This exceptional 20-unit apartment building, located at 11 E Saratoga St in Baltimore, MD 21202, presents a compelling investment opportunity. The property, built in 1900 and extensively renovated in 2018, boasts 18,360 square feet across four stories on a 0.13-acre lot. The building features a mix of studio, one-bedroom, and two-bedroom apartments, each offering modern amenities such as stainless steel appliances, granite countertops, and wood cabinets. Many units include in-unit washer/dryers. All mechanical systems were updated during the 2018 renovation. The property's prime location in downtown Baltimore, directly across from Mercy Medical Center and less than a mile from the University of Maryland, Baltimore, ensures strong rental demand. The C-5-DC zoning provides flexibility for future uses. With a current price per unit of $118,800 and an asking price of $2,376,000, this fee-simple ownership offers significant potential for rental income growth. The building's landmark status and minimal deferred maintenance further enhance its investment appeal. This is a rare chance to acquire a well-maintained, high-demand multifamily property in a thriving urban location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore City
- State
- Maryland
- Longitude
- -76.6145
- Latitude
- 39.2921
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
