Walker Avenue Apartments 1214 Walker Ave 19 Unit Apartment Building $950,000 ($50,000/Unit) Baltimore, MD 21239

GUIDED TOUR THURSDAY, NOVEMBER 13TH STARTING AT 2:15PM
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 11:45 AM. Manner of Sale: This property is being sold in a Gallery Auction with 5 Lots. Each property will be offered individually.

Property Name: Walker House Apartments
Location: Idlewood Neighborhood, Baltimore City
Total Units: 19
Potential Gross Annual Income: $252,684
Unit Mix
• 6 Units: 1 Bedroom / 1 Bathroom
• 13 Units: 2 Bedrooms / 1 Bathroom
Occupancy: 95%
Description
Welcome to Walker House Apartments, a 19-unit multifamily investment opportunity located in the desirable Idlewood neighborhood of Baltimore City. This stabilized property offers consistent cash flow, strong rental demand, and proximity to local amenities, universities, and transit options.
The building features a mix of well-maintained 1BR and 2BR units, each designed for comfortable living. With a potential gross annual income of $252,684, this asset presents an attractive return in a growing submarket.
Features
• Updated kitchens and bathrooms in most units
• Off-street parking
• On-site laundry facilities
• Units individually metered for gas & electric
Utilities
Landlord pays for public service meter, water/sewer and hot water
Tenant pays for their electric, HVAC, cooking fuel and cable/internet
Location
Idlewood is a quiet, tree-lined neighborhood in Northeast Baltimore, offering residents suburban comfort with urban convenience. Close to Morgan State University, Towson, and shopping centers.
Financial Highlights
**Scheduled Gross Monthly Rent of $19,955**
**Scheduled Gross Annual Rent of $239,460**
**Potential Gross Monthly Rent of $20,737**
**Potential Gross Annual Rent of $248,844**
Unit Breakdown
Number of Units
19
1BR/1BA Units
6
2BR/1BA Units
13
Avg Rent (Est.)
$1,092/month
Projected Annual Expenses:
Taxes $22,192
Water $9,041
Trash Removal $10,207
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 11:45 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.