50 W BIDDLE STREET

BALTIMORE, MD 21201

List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Friday, November 14th & ends Wednesday, November 19th, 2025 at 2:30pm. Substantially Leased Nine Unit Apartment Building in the "Mid-Town Belvedere" Neighborhood of Baltimore City. **Current Gross Monthly Scheduled Rent of $10,361** **Current Gross Annual Scheduled Rent of $124,332** Rental amount includes parking from 2 tenants in the amount of $169/month each as well as a pet rent for 3 tenants as well as water reimbursement from all tenants. Situated in the heart of Baltimore’s vibrant and historic Mount Vernon neighborhood, 48–50 West Biddle Street offers investors the rare chance to acquire a stabilized, well-maintained nine-unit multifamily property with clear upside potential. Originally constructed in 1900, the four-story brick building features a mix of (3) studios, (2) one-bedroom/one-bath units, and (4) two-bedroom/two-bath units, totaling approximately 7,486 square feet. Each residence showcases a combination of character and comfort, with white or stainless-steel appliances, wood cabinetry, formica countertops, and hardwood, plank, tile, or carpet flooring. A surface parking lot with four spaces sits conveniently behind the building—two of which are currently underutilized and can be marketed for additional income. Over the past several years, current ownership has completed significant capital improvements, including roof replacements, updated electrical systems, hot water heater replacements, the installation of central HVAC in three units, and washer/dryers in five units. Between 2017 and 2025, ownership has also renovated eight of the nine apartments, leaving one classic unit ready for a new owner to upgrade. The property maintains strong rental performance, with an average rent of $1,343 per unit and a current occupancy of 100 percent. Residents benefit from spacious layouts averaging 832 square feet, and access to amenities and transit options that are unmatched in the city.

Listing courtesy of Alex Cooper Auctioneers, Inc.



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