800 Cathedral

800 CATHEDRAL

800 Cathedral St. | Baltimore, MD 21201

Auction Details:

• ONLINE AUCTION ONLY, to be held on Auctioneers Website
• Registration and Bidding Begins: Thursday, April 3 at 11am
• Open House Opportunity: Friday, April 4 at 10am
• Auction Closes: Tuesday, April 8 at 11am

Price: Auction Sale

# of Units: 5

Avg. Rent: $1,553

Occupancy: 100%

Harbor Stone Advisors and Alex Cooper Auctioneers are pleased to present 800 Cathedral, a renovated multifamily asset located in Historic Mount Vernon. The property is a 5 minute walk away from the Peabody Institute of the Johns Hopkins University and University of Maryland Medical Center (UMMC) Midtown Campus.

800 Cathedral features 5 units with a mix of (1) 1 Br-1 Ba and (4) 2 Br-2 Ba. Typical unit features consist of black/white/stainless steel appliances, wood cabinets, laminate countertops, hardwood/tile flooring, and in-unit washer/dryers. All of the units were renovated between 2015 and 2024.

The opportunity exists for a new owner to organically increase rents at 800 Cathedral, as they are currently under market. Properties of similar vintage that have undergone renovations of a comparable scope are achieving rents at least 10% higher on average than the Subject property. There is also an ability for a new owner to refresh the units by adding stainless steel appliances and granite countertops.

Opportunity to Acquire a Renovated Asset in Historic Mount Vernon

• Features 5 units with a mix of (1) 1 Br-1 Ba and (4) 2 Br-2 Ba.
• Typical unit features consist of black/white/stainless steel appliances, wood cabinets, laminate countertops, hardwood/tile flooring, and in-unit washer/dryers.
• All of the units were renovated between 2015 and 2024.

Ability to Organically Increase Rents

• Opportunity exists for a new owner to organically increase rents.
• Potential to increase rents at least 10% based on nearby rent comparables.
• Ability for a new owner to refresh the units by adding stainless steel appliances and granite countertops.

Located in Historic Mount Vernon; 5 minute Walk to the Peabody Institute of the Johns Hopkins University and UMMC Midtown Campus

• Ranked a Walker’s Paradise by WalkScore; proximity to multiple modes of public transportation.
• Half mile away from Penn Station, which is undergoing $150 million worth of renovations over the next several years.
• Major area employers nearby: University of Maryland Medical Center Midtown Campus (UMMC), Maryland State Offices, and Social Security Administration.
• Major area colleges nearby: University of Baltimore, Peabody Institute of The Johns Hopkins University, Maryland Institute College of Art (MICA).

800 Cathedral is located within the Mount Vernon neighborhood in Baltimore City, one of the city’s oldest neighborhoods littered with museums, theatres, and libraries, as well as boutique shops and cafes.

The subject property is blocks away from the Peabody Institute of the Johns Hopkins University, a world renowned music conservatory. The institution hosts roughly 1,000 students.

Walkability is the name of the game, and the property is within walking distance of a plethora of retail and entertainment. This historic neighborhood features attractions like the Washington Monument, Walters Art Museum, the George Peabody Library, and top eateries like Restaurante Tio Pepe and Sotto Sopra.

Minutes to the historic Bolton Hill neighborhood, which features significant landmarks such as MICA, the former home of author F. Scott Fitzgerald, and the Francis Scott Key monument.

The property is one mile from Baltimore’s historic Penn Station, which is set to receive $150 million in renovations in the coming years. Penn Station offers convenient access to public transportation, with access to Amtrak trains and the MARC commuter train to Washington, D.C. Additionally, the property is less than a half-mile from the nearest LightRail Station, which provides direct access north to Hunt Valley and south to BWI Airport. The nearest subway station, which provides direct access to Johns Hopkins Hospital (30,000 employees), is less than one mile away.

In addition to 800 Cathedral, the following Mount Vernon apartment buildings are also currently available to be acquired via auction sale:

• 16 - 18 E Preston (7 Units)

• 22 E Preston (5 Units)

• 107 E Chase (7 Units)