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22 E Preston St , Baltimore, MD 21202
$500,000
Est. Payment: $2,661.21/mo
5400 Sqft
0.04 Acres
Status: pending | Days on site: 32
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ACAI1 - 131752
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from IDX Support, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Thursday, September 24th and ends Tuesday, September 29, 2026 at 12:00PM. GUIDED TOUR WEDNESDAY, SEPTEMBER 23, 2026 STARTING AT 12PM Fully Leased 5 Unit Apartment Building in the "Mount Vernon" Neighborhood of Baltimore City. Approximately 4,320+/- sq. ft. of above grade living space and 1,080+/- sq. ft. below grade living space. Current gross monthly scheduled rent of $8,595 Current gross annual scheduled rent of $103,140 Unit B - 2 Bedroom/1 Bath Rented for $1,499 Unit 1 - 2 Bedroom/2 Bath Rented for $1,699 Unit 2 - 2 Bedroom/2 Bath Rented for $1,799 Unit 3 - 2 Bedroom/2 Bath Rented for $1,799 Unit 4 - 2 Bedroom/2 Bath Rented for $1,799 Utilities: The units are individually metered for gas and electric. Key Items: - All central heat pump systems replaced by prior owner, it is possible some are under warranty. - Roof replaced in 2020 - All units have W/D Expenses: Property Taxes, July 1, 2026-June 30, 2027: $8,893.26 Special Benefit District Surcharge July 1, 2026- June 30, 2027: $497 Annual Ground Rent Per SDAT: $90 Water Per Historical Figures: $83 Electric/Gas Per Historical Figures: $445 Licenses Est. $50/Unit or approximately $250 total. TOTAL ANNUAL EXPENSES: $10,119+/- Location: Mount Vernon is a designated National Landmark Historic District and a city Cultural District. It boasts stunning 19th century architecture and well kept parks. Being close to downtown, Mount Vernon is well-served by public transit and is blocks from Light Rail. The neighborhood is home to a mix of institutions, including the Peabody Conservatory, Walters Art Museum, University of Baltimore, Maryland Historical Society, Maryland Institute College of Art, Joseph Meyerhoff Symphony Hall, Baltimore School for the Arts, Lyric Opera House, Center Stage & much more! The information contained herein was obtained from sources deemed to be reliable, but is offered for informational purposes only. Neither the auctioneer or the owner make any representations or warranties with respect to the accuracy of information.
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Highlights

Listed by Matthew S Cooper , 4109774711 Alex Cooper Auctioneers, Inc. , 4108284838. Bright MLS

Property Type

Commercial Sale
Lot/Acreage
0.04

Year Built

1900

County

Baltimore City

 School District

Baltimore City Public Schools

Listing ID

MDBA2230310

Questions about this listing?

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Interior Features

Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Zoning:OR-2
Sewer:Public Sewer
Principal Interest
$2,661
Taxes
$730

Home Price

$500,000

Loan Details

30 yrs
7%

Down Payment

20%
$100,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,661.21

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,661.21 $730.00 $0.00 $3,391.21
Yearly $31,934.52 $8,760.00 $0.00 $40,694.52
Total $958,035.59 $262,800.00 $0.00 $1,220,835.59
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Baltimore, MD).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

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Data last updated: 2026-11-13T17:14:43.000Z

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