Leithwalk Apartments 1213 E Northern Pky 20 Unit Apartment Building $900,000 ($45,000/Unit) Baltimore, MD 21239

GUIDED TOUR THURSDAY, NOVEMBER 13TH STARTING AT 1:30PM
List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Thursday, November 13th and ends Tuesday, November 18th, 2025 at 12:30 PM. Manner of Sale: This property is being sold in a Gallery Auction with 5 Lots. Each property will be offered individually.
20-Unit Apartment Building | Ramblewood, Baltimore City
Property Overview:
Welcome to Leithwalk Apartments! Exceptional investment opportunity in the heart of Ramblewood, one of Baltimore City’s established residential neighborhoods. This 20-unit multifamily property offers a stable, income-producing asset with a strong rental history and professional management in place.
Property Details:
• Total Units: 20
(10) One-Bedroom / One-Bath Units
(10) Two-Bedroom / One-Bath Units

• Zoning: R-5 (Residential Multifamily)

• Occupancy: 100% Leased

• Scheduled Gross Annual Income: $245,640

• Unit Mix: Efficient layouts with well-maintained kitchens, bathrooms, and flooring

• Utilities: Separately metered electric (confirm if applicable)

• Parking: Off-street parking available

Highlights:
• Consistent rental income with full occupancy

• Situated in a quiet, residential pocket of Ramblewood, offering tenants suburban comfort with urban convenience

• Close proximity to major commuter routes, shopping, schools, and public transportation

• Professionally managed with proven performance and upside potential

Investment Summary:
This property presents a rare opportunity to acquire a fully stabilized multifamily building in a desirable Baltimore submarket. With strong cash flow, minimal deferred maintenance, and durable tenant demand, this asset is ideal for investors seeking steady returns and long-term appreciation.
Financial Summary:
• Scheduled Gross Annual Income: $245,640
• Current Occupancy: 100%
• Zoning: R-5 (Multifamily Residential)
Location:
Ramblewood, Baltimore City, MD — a well-established community offering easy access to downtown Baltimore, Towson, and major highways.
**Scheduled Gross Monthly Rent of $21,220**
**Scheduled Gross Annual Rent of $245,640**
Projected Annual Expenses:
Taxes: $22,964
Water $13,822
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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.
Multi Property Auction: A bidding deposit of $20,000 per lot is required for Lots 1–5.
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 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.