List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Saturday, November 8th & ends Thursday, November 13th, 2025 at 12:00pm.
An excellent opportunity to purchase a 29 unit apartment complex. The buildings are believed to be configured with 16 1BR/1BA units and 13 2BR/1BA units. The property is zoned R-7. 14 units are currently leased.
3210 Walbrook: Improved by a 12,480+/- SF apartment building on a 0.56+/- acre lot according to tax records.
3212 Walbrook: Improved by a 8,895+/- SF apartment building on a 0.20+/- acre lot according to tax records.
Current rent roll is available in the document section.
**Potential Gross Monthly Rent of $37,800**
**Potential Gross Annual Rent of $453,600**
Estimated market rents:
1BR/1BA: $1,200/month
2BR/1BA: $1,400/month
3BR/1BA: $1,500/month
Utilities: The units are individually metered for gas and electric. Electric service is between 100-125 AMPs per unit. Each unit has a gas water heater, which is in the lower level. The units are heated by gas forced air furnaces.
Amenities: The complex has a large laundry room.
Location: The Walbrook Apartments are conveniently located in western Baltimore City, just one block from Leakin Park. Nearby amenities include Edgewood Elementary School, KASA Middle and High School, and the Walbrook Junction Shopping Center, all within a two-block walk. Coppin State University is a short three-minute drive east, and Mondawmin Mall is six minutes northeast. There are bus stops nearby.
Diligence Package: A copy of the purchase and sale agreement 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 Saturday, November 8th & ends Thursday, November 13th, 2025 at 12:00pm.
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.