About 22 E Preston St
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.
