21 Unit Apartment Complex in "Glen" Neighborhood of Baltimore City **Potential Gross Annual Rent of $271,608** 3405-3409 Glen Ave. & 5901-05 Doverdale Dr. Baltimore, MD 21215. List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Online Auction Only! Bidding begins Thursday, November 13th and ends Tuesday, November 18th, 2025 at 11:00 AM. Manner of Sale: This property is being sold in a Gallery Auction with 5 Lots. Each property will be offered individually. 21-Unit Apartment Portfolio | Glen Neighborhood, Baltimore City Addresses: • 3405–3409 Glen Avenue – 12 Units • 5901–5905 Doverdale Drive – 9 Units Property Overview: Welcome to Glen Apartments, here is your opportunity to acquire a 21-unit multifamily portfolio in the desirable Glen neighborhood of Baltimore City. Spread across two separately deeded properties, this offering provides strong in-place income with room for future rent growth in a high-demand rental corridor. Property Details: • Total Units: 21 (1) Studio (10) 1 Bed / 1 Bath (2) 1 Bed / 1 Bath with Den (8) 2 Bed / 1 Bath • Potential Gross Scheduled Income: $271,608 annually • Zoning: R-5 (Multifamily Residential) • Occupancy: 86% Leased • Configuration: Garden-style apartment buildings with separate entrances Highlights: • Well-located on quiet residential streets in Glen, a stable, tree-lined neighborhood with strong tenant demand • Close to public transportation, shopping centers, schools, and major routes including Northern Parkway and Reisterstown Road • Stabilized with strong collections history • Value-add potential through unit renovations or rent adjustments to market rates Investment Summary: This fully leased 21-unit portfolio delivers a current gross income of $271,608 per year. With a diverse unit mix and solid rental base, this is an ideal acquisition for investors seeking consistent cash flow, scale, and a foothold in a desirable Baltimore submarket. Zoning (R-5) supports continued multifamily use with potential for future development or repositioning. Location Highlights: Located in the Glen neighborhood of Northwest Baltimore, near Sinai Hospital, Pimlico redevelopment, and a short drive to I-83 and downtown Baltimore. A quiet, community-focused area with long-term rental appeal. **Scheduled Gross Monhtly Rent of $19,546** **Scheduled Gross Annual Rent of $234,552** **Potential Gross Monhtly Rent of $22,634** **Potential Gross Annual Rent of $271,608** Projected Annual Expenses: Taxes $27,906 Gas & Electric $9,240 Water $19,246 Trash Removal $8,888 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. Gallery Auction: A bidding deposit of $20,000 per lot is required for Lots 1–5. Manner of Sale: This property is being sold in a Gallery Auction with 5 Lots. Each property will be offered individually. Diligence Package: A copy of the purchase and sale agreement, leases, lead certificate, rental license with 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 Thursday, November 13th and ends Tuesday, November 18th, 2025 at 11:00 AM. 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.