Baltimore, MD – Harbor Stone Advisors, in cooperation with Alex Cooper Auctioneers, has been awarded the assignment to market 46 West Biddle and 48–50 West Biddle, two multifamily properties located in Historic Mount Vernon, Baltimore City via online auction. The properties include 46 West Biddle (6 units) and 48–50 West Biddle (9 units). Harbor Stone Advisors President Justin Verner, Director Brooks Healy, Senior Advisor Tom Wohlgemuth, Advisor Kevin Landolphi, and Matt Cooper of Alex Cooper Auctioneers are marketing the properties. Online auctions open Thursday, December 4, 2025 and close Tuesday, December 9, 2025.
46 West Biddle, built in 1900, is a well-maintained multifamily asset featuring (2) Studios, (3) 1 BR–1 BA, and (1) 2 BR–1 BA unit. Typical unit features include white/stainless-steel appliances, wood cabinets, formica countertops, and hardwood/plank/carpet flooring. The property offers a surface parking lot with 2 spaces, one of which is currently rented to a non-resident for $169 per month. Current ownership has completed several capital improvements, including roof replacement in 2017, electrical updates, some hot water heater replacements, central HVAC installation in one unit, washer/dryers in four units, and a full renovation of one unit in 2024. The opportunity exists for a new owner to renovate the five remaining classic units with a suggested scope of stainless steel appliances, resurfaced countertops, new cabinets, and updated bathrooms. Comparable renovated properties in the submarket are achieving rents approximately 10% higher than the subject property.
48–50 West Biddle, also constructed in 1900, features a total of 9 units with a mix of (3) Studios, (2) 1 BR–1 BA, and (4) 2 BR–2 BA units. Typical unit features include white/stainless-steel appliances, wood cabinets, formica countertops, and hardwood/plank/carpet flooring. The property includes a surface parking lot with 4 spaces, two of which are currently used by management staff and can be marketed for additional income. Current ownership has completed numerous upgrades, including roof replacement, electrical updates, some hot water heater replacements, central HVAC installation in three units, washer/dryers in five units, and renovations to eight of the nine units between 2017 and 2025. One remaining classic unit offers an opportunity for renovation to match the upgraded units. Nearby comparable properties are achieving rents at least 10% higher, allowing for notable rent growth potential.
Both properties are located in Baltimore’s Historic Mount Vernon neighborhood, which is one of the city’s most vibrant and culturally rich areas that is home to museums, theaters, libraries, restaurants, and boutique shops. The properties are within a 3-minute walk to the University of Baltimore and the Social Security Administration. In close proximity, the properties are also just a 6-minute walk to MICA and UMMC Midtown Campus. They are less than a half-mile from Baltimore’s Penn Station, currently undergoing extensive renovation and expansion, that has convenient access to Amtrak, MARC, Light Rail, and the Metro Subway system. Major nearby employers include UMMC Midtown Campus, Maryland State Offices, and Johns Hopkins University. Major universities in proximity include University of Baltimore (6,900 students), MICA (1,600 students), and University of Maryland, Baltimore (6,900 students). Popular destinations, such as the Walters Art Museum, George Peabody Library, and the Baltimore Symphony Orchestra, contribute to the area’s appeal and strong tenant demand.
About Harbor Stone Advisors
Harbor Stone Advisors specializes in middle-market multifamily investment sales throughout the Mid-Atlantic. Advisory services include value opinions, asset dispositions and marketability analysis for private clients, owners, investors and financial organizations. For additional information, visit: www.harborstoneadvisors.com