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Listed by Matt Cooper • Alex Cooper Auctioneers, Inc.
$ 900,000
Est. payment | /mo
5,532 Sqft Lot
$ 900,000
Est. payment | /mo
5,532 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID MDBA2199504
Year Built 1900
Annual Tax Amount $49,716
Tax Year 2025
Lot Size 5,532 Sqft
Acres 0.13
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Saturday, February 7th and ends Thursday, February 12, 2026 at 12:00 PM.
The Lofts at The Daily Record is a boutique luxury apartment building located at 11 E. Saratoga Street in the heart of Downtown Baltimore City. This fully renovated, income-producing asset consists of 20 thoughtfully designed residential units spanning approximately 18,360 square feet and is currently 95% occupied, offering immediate and stable cash flow. Originally gut-renovated in 2018, the property features a modern unit mix of 3 studio apartments, 13 one-bedroom/one-bath units, and 4 two-bedroom/one-bath units, appealing to a wide range of urban renters. The building delivers a strong average rent of $1,212 per unit, supported by high-quality finishes and efficient layouts.
Each luxury-style residence includes stainless steel appliances, granite countertops, wood cabinetry, and durable vinyl plank or tile flooring. Select units are enhanced with in-unit washers and dryers, further elevating tenant demand and retention. Tenants reimburse for water, contributing to favorable operating efficiency. The property benefits from new mechanical systems and a new roof, minimizing near-term capital expenditures and ensuring long-term durability. Positioned within walking distance of major employers, transit, dining, and cultural destinations, The Lofts at The Daily Record offers investors a rare opportunity to acquire a modernized, well-performing multifamily asset in one of Baltimore's most established urban neighborhoods.
Financial Highlights
**Scheduled Gross Monthly Rent of $21,882**
**Scheduled Gross Yearly Rent of $262,584**
**Potential Gross Monthly Rent of $22,862**
**Potential Gross Yearly Rent of $274,344**
Projected Annual Expenses:
Taxes: $49,716
Special Benefit District Surcharge: $4,717
Insurance: $14,000
Electric: $6,114
Water: $11,425
Trash Removal: $7,516
Fire/Life Safety$1,500
Licenses: $1,000
Property was issued a limited lead free in 2018 for 19 units, other than Unit 1B, which was issued a Full Risk Reduction Certifcate. Currently, all units have been getting Full Rick Reduction Certificates.
The Lofts at The Daily Record is a boutique luxury apartment building located at 11 E. Saratoga Street in the heart of Downtown Baltimore City. This fully renovated, income-producing asset consists of 20 thoughtfully designed residential units spanning approximately 18,360 square feet and is currently 95% occupied, offering immediate and stable cash flow. Originally gut-renovated in 2018, the property features a modern unit mix of 3 studio apartments, 13 one-bedroom/one-bath units, and 4 two-bedroom/one-bath units, appealing to a wide range of urban renters. The building delivers a strong average rent of $1,212 per unit, supported by high-quality finishes and efficient layouts.
Each luxury-style residence includes stainless steel appliances, granite countertops, wood cabinetry, and durable vinyl plank or tile flooring. Select units are enhanced with in-unit washers and dryers, further elevating tenant demand and retention. Tenants reimburse for water, contributing to favorable operating efficiency. The property benefits from new mechanical systems and a new roof, minimizing near-term capital expenditures and ensuring long-term durability. Positioned within walking distance of major employers, transit, dining, and cultural destinations, The Lofts at The Daily Record offers investors a rare opportunity to acquire a modernized, well-performing multifamily asset in one of Baltimore's most established urban neighborhoods.
Financial Highlights
**Scheduled Gross Monthly Rent of $21,882**
**Scheduled Gross Yearly Rent of $262,584**
**Potential Gross Monthly Rent of $22,862**
**Potential Gross Yearly Rent of $274,344**
Projected Annual Expenses:
Taxes: $49,716
Special Benefit District Surcharge: $4,717
Insurance: $14,000
Electric: $6,114
Water: $11,425
Trash Removal: $7,516
Fire/Life Safety$1,500
Licenses: $1,000
Property was issued a limited lead free in 2018 for 19 units, other than Unit 1B, which was issued a Full Risk Reduction Certifcate. Currently, all units have been getting Full Rick Reduction Certificates.
Location
State MD
County Baltimore City
Zoning C-5DC
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Water Access N
Accessibility Other
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0304010608 007
Ownership Fee Simple
Special Listing Condition Auction
Nearby Locations
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Kirk Steffes
REALTOR® | Lic# 629026