2601 Garrison Blvd - 2601-2609 Garrison Blvd. & 3416-18 Alto Rd. 37 Unit Apartment Building Offered For Sale Baltimore, MD 21216

37-Unit Multifamily Investment Opportunity
2601–2609 Garrison Blvd & 3416–3418 Alto Rd
Hanlon-Longwood | Baltimore, MD 21216
Positioned in the established Hanlon-Longwood neighborhood of Baltimore, this well-located multifamily complex offers a compelling value-add investment opportunity with strong in-place income and additional upside potential. In the last 18 months, 20 of the units have been renovated with new flooring, kitchens and bathrooms with most having washer/dryer combo units.
Property Overview
• Total Units: 36 Residential Units + 1 Commercial/Office Space
• Unit Mix: All residential units are 2 Bedroom / 1 Bathroom
• Lead Status: Limited Lead Free
• Occupancy: 31 Units Occupied | 5 Units Vacant (all renovated)
• Commercial Space: 1 Vacant Office/Retail Unit
• Property Type: Garden-Style / Multifamily Complex
• Parking: Large lot located behind the buildings
• Laundry: Many units have washer/dryer combo in unit, coin operated laundry rooms services the remainder of units
Utilities
• Public water & sewer
• Units are individually metered for gas & electric
• Owner pays hot water
• Non-renovated units reimburse for water/sewer
• A/C is provided by in wall units
• Heat is electric baseboard
Investment Highlights
• Stabilized Income with Upside: Strong occupancy provides immediate cash flow, while 5 vacant units and 1 commercial space offer lease-up potential
• Consistent Unit Layouts: Uniform 2BR/1BA configuration simplifies management and maintenance
• Value-Add Opportunity: Ability to increase rents through renovations, improved management, or leasing of vacant units
• Mixed-Use Potential: Vacant commercial/office space provides additional income stream or flexibility for owner-user
• Strategic Location: Convenient access to major commuter routes, public transportation, and neighborhood amenities
Location Highlights
Situated in West Baltimore, the property benefits from proximity to major thoroughfares including Garrison Boulevard, providing easy connectivity throughout the city. The surrounding area features a mix of residential communities, local retail, and public transit options, making it attractive to long-term tenants.
This is an excellent opportunity for investors seeking a scalable multifamily asset with stable occupancy and clear upside in one of Baltimore’s evolving submarkets.
Financial Highlights
**Scheduled Gross Monthly Rent of $35,962**
**Scheduled Gross Yearly Rent of $431,544**
**Potential Gross Monthly Rent of $44,512**
**Potential Gross Yearly Rent of $534,144**
Projected Annual Expenses:
Taxes: $35,181
See link for additional photos
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, leases, lead certificates, rental license 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, April 25th and ends Thursday, April 30, 2026 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.