Property profile

227 W Mulberry St Baltimore, MD 21201

FOR LEASE
Investment properties
Property ID
US40-0646247
1,350 SF 0.01 ac lot Built 1920
Entity Owned 1-yr Hold Free & Clear
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227 W Mulberry St, Baltimore, MD 21201 For Lease
$3,000/Mo
227 W Mulberry St, Baltimore, MD 21201
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Property summary

AI-generated overview

This three-story, 1,350-square-foot mixed-use building at 227 W Mulberry St, Baltimore, MD 21201, presents a compelling redevelopment opportunity. Built in 1920, this C-class property sits on a 622-square-foot lot and is zoned C-5HS. Currently vacant, the building offers three units, believed to be configured as commercial space on the main level, a kitchen, living, and dining area on the second, and two bedrooms and a bathroom on the third. An unfinished basement is also present. The property's prime downtown location offers easy access to major arteries like W Baltimore St and Saint Paul St, and proximity to Lexington Market, University of Maryland Medical Center, Oriole Park, M&T Bank Stadium, and the Baltimore Convention Center. The property is subject to a ground lease with an annual ground rent of $0.01. Real estate taxes are $1,404.20 annually. The sale is free and clear of all liens. This is a pre-auction offering, with the auction beginning November 13th at 10:00 AM and ending November 15th at 11:10 AM. The buyer is responsible for verifying all zoning, permits, licenses, and usage.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Construction BRICK
Total area 1,350 SF
Lot 0.01 ac (622 SF)
Zoning code C-5HS
APN 04-02-0578 -023
UPID US40-0646247

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

227 W Mulberry St Baltimore, MD 21201
Baltimore metro Census 40100 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$135k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$110k

Owner & transaction history

since 2025
Last sale
$112,200
3 recorded transactions
2025
$112,200
2019
$65,000
1999
Price N/A

Zoning & alternative use

C-5HS · Baltimore, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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