1618 Bank St

Highlights:

• Days on Market: 9
• Parking Features: Private
• Heating: Other

Description:

REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Wednesday, October 22, 2025. Live On Site Auction - Thursday, October 23, 2025 at 11:00 AM. List price is opening bid only. Live Auction Bidders – A deposit of $150,000, payable by cashier’s check, will be required of the purchaser at time and place of sale. Online Auction Bidders – A deposit of $150,000, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. The subject property comprises three adjoining buildings totaling 19 apartment units. The assemblage was gut renovated in 2014 with quality finishes, and includes studio, 1 and 2 bedroom units and in-building parking. Some studio units are suitable for conversion to 1 bedroom units. Located in Baltimore’s Fells Point community, the property is well-situated in a highly desirable area close to the Johns Hopkins Hospital, Little Italy, Harbor East, Harbor Point and expansive options for shopping, dining and entertainment. Large scale development is going on nearby, a testament to the continuously improving area. There are currently 15 units rented, with two more expected to be rented and occupied on or before October 4, 2025. The auction provides an opportunity to purchase an asset where most of the difficult development work has been done, with ample opportunity for increased occupancy and rents.