128 S Philadelphia Blvd - Apartments FOR SALE


Aberdeen, MD 21001
$350,000 USD
410-977-4711
128 S Philadelphia Blvd, Aberdeen, MD for Sale
$350,000 USD
Apartments - FOR SALE
1/76
null | Request Cap Rate

128 S Philadelphia Blvd
Aberdeen, MD 21001


HIGHLIGHTS

  • **Gross Potential Gross Annual Rent of $130,200**
  • 11 Unit Apartment Building
  • Sought-After Aberdeen Area

OVERVIEW

***LIST PRICE IS OPENING BID AT ONLINE AUCTION** 128 S Philadelphia Blvd | Aberdeen, MD 21001 128 S Philadelphia Blvd | Aberdeen, MD 21001 Exceptional opportunity to acquire an 11-unit multifamily investment property in the heart of Aberdeen's growing downtown corridor. Situated on a prominent corner lot along Philadelphia Boulevard (US-40), this approximately 6,426± square foot building offers investors strong income potential, excellent visibility, and a strategic location just minutes from Aberdeen Proving Ground and within walking distance of the MARC/Amtrak station. The property is configured as 11 residential units, with a unit mix of studio & 1bd/1ba apartments. The building sits on a generous 0.37±-acre lot with ample off-street parking and convenient access to major commuter routes including I-95 and US-40. Tenants enjoy proximity to shopping, dining, public transportation, and major employment centers, making this a highly desirable rental location. Whether you're seeking to expand your multifamily portfolio, add value through renovations and rent growth, this property offers multiple paths to increased returns. Highlights: • Potential Gross Annual Rent of $130,200 • 11-unit multifamily property • Prime US-40 frontage and visibility • Approximately 6,426± SF building • 0.37±-acre corner lot • Walking distance to Aberdeen MARC/Amtrak Station • Minutes from Aberdeen Proving Ground • Strong rental demand location • Value-add and redevelopment potential • Convenient access to I-95 and regional employers Rental Information: (amounts provided are per the seller) Unit 1: (Vacant) • First Floor • Living Room, Kitchen & Dining Area • Studio, 1 Full Bathroom Potential Monthly Rent: $850± Potential Annual Rent:$10,200± Unit 2: (Rented) Monthly Rent: $1,150 Annual Rent:$13,800 Unit 3: (Vacant) • First Floor • Living Room, Kitchen & Dining Area • 1bd/1ba Potential Monthly Rent: $850± Potential Annual Rent:$10,200± Unit 4: (Rented) • First Floor • Living Room, Kitchen & Dining Area • 1bd/1ba Monthly Rent: $1,100 Annual Rent:$13,200 Unit 5: (Rented) Monthly Rent: $1,150 Annual Rent:$13,800 Unit 6: (Rented) Monthly Rent: $850 Annual Rent:$10,200 Unit 7: (Rented) • First Floor • Living Room, Kitchen & Dining Area • 1bd/1ba Monthly Rent: $850 Annual Rent:$10,200 Unit 8: (Rented) Monthly Rent: $1,150 Annual Rent:$13,800 Unit 9: (Rented) • First Floor • Living Room, Kitchen & Dining Area • 1bd/1ba Monthly Rent: $850 Annual Rent:$10,200 Unit 10: (Rented) Monthly Rent: $950 Annual Rent:$11,400 Unit 11: (Rented) Monthly Rent: $1,100 Annual Rent:$13,200 Potential Monthly Rent: $10,850± Potential Annual Rent: $130,200± Investment opportunities of this size and location are increasingly rare in Harford County- don't miss out on this fantastic opportunity! Note: Potential Annual Rent(s) & Potential monthly rent(s) are estimates only, based on full building occupancy and are not actual figures. Currently, 9 out of 11 Units are rented. Leases are not available at this time. 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. Diligence Package: A copy of the purchase and sale agreement, lead certificates, rent roll, and assorted addenda are located in the documents section. In order to gain access, you must create a free account as well as accept a non-disclosure agreement. Auction Notes: Online Auction Only! Bidding begins Friday, July 10th and ends Wednesday, July 15, 2026 at 12:30 PM. Online Bidding Notes: The initial deposit must be made via credit card, wire transfer or by Cashier's Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details. If a lot receives a bid within the last 3 minutes. it will remain open for an additional 3 minutes. If any further bidding occurs, the extension timer will reset to 3 minutes. If no further bidding activity occurs, the lot closes when the timer runs out.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$54 USD /SF

# OF UNITS

11

PRICE/UNIT

$31,818

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,200 SF

ZONING

B3

APN/PARCEL ID

02-016540

ASK ABOUT THIS PROPERTY

Matt CooperAlex Cooper Auctioneers, Inc.More Info
410-977-4711

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Matt CooperAlex Cooper Auctioneers, Inc.More Info
410-977-4711

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.