4008 Primrose Ave 8 Unit Apartment Building $250,000 ($31,250/Unit) Baltimore, MD 21215

List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Thursday, January 15th, 2026 & ends Tuesday, January 20, 2026 at 1:00 PM.
Fully Leased 8 Unit End-Of-Group Multifamily Property in the "Glen" Neighborhood of Baltimore City**Current Gross Annual Scheduled Rent: $75,864**
Guided tour on Wednesday, January 14th, beginning promptly at 11:00 AM
This brick apartment building offers eight apartments, including (4) studio, one-bath units and (4) one-bedroom, one-bath units. The property is zoned R-4 and licensed for six dwelling units, with approximately 2,480± square feet of gross living area. The main building features a rubber roof, with an asphalt shingle roof over the hallway addition. Most windows have been upgraded to vinyl replacement windows. Off-street gravel parking accommodates up to eight vehicles. No fire escape is required for this two-story building.
The building is served by six Goodman gas-fired furnaces for the original units and a heat pump for the two newer apartments, with most units offering window air-conditioning. Hot water is supplied by six Rheem gas-fired water heaters and one electric Rheem unit. Utilities include seven electric meters and six gas meters, with C-PVC supply lines and PVC drain lines. Baltimore City trash and recycling service is included in the property taxes.
All apartments feature kitchens with 30-inch gas ranges, stainless steel sinks and refrigerators, wood cabinetry, and a mix of laminate or granite countertops, with select shaker-style cabinet upgrades. Bathrooms include modern vanities with shower stalls or cast-iron tubs. Flooring is primarily LVP or LVT, with ceramic tile in select kitchens and bathrooms. Three units offer in-unit stacked laundry, with additional hookups in the basement. Five units are certified lead-free and three have full risk-reduction certificates per MDE standards.
**Current Gross Monthly Scheduled Rent: $7,189**
**Current Gross Annual Scheduled Rent: $86,268**
Unit B1 rented for $772.50/month.
Unit B2 rented for $772.50/month.
Unit B3 rented for $867.00/month.
Unit 1A rented for $1209.50/month.
Unit 1B rented for $850/month.
Unit 2A rented for $943.50/month.
Unit 2B rented for $774/month.
Unit 2C rented for $1000/month.
Financial Highlights: The property is professionally managed supporting smooth, cost-efficient operations. The new owner can continue the management agreement or take over with alternative arrangement of their choice.
Location Highlights: Centrally located with excellent access to Reisterstown Road and I-83, the property offers convenient commuting to nearby employment centers and downtown Baltimore. Public transit is easily accessible via the Reisterstown Plaza Metro Station, just minutes away.
For daily needs, residents are close to Reisterstown Road Plaza (0.6 miles) and Northwest Plaza (1 mile), featuring retailers such as The Home Depot and ShopRite. The property is also near prominent educational institutions—Baltimore City Community College (1.5 miles) and Coppin State University (2.8 miles)—as well as Sinai Hospital (1.7 miles) for healthcare services.
Investment Summary: This asset offers a compelling investment opportunity, combining steady income potential, operational efficiency, and strong tenant demand in a growing rental market.
Title Company/Title Attorney Addenda: Buyer agrees to use the seller’s title company to examine the title, prepare closing documents and conduct the closing on the Property, the Owner shall offer a closing cost credit to the Buyer. Please see Addendum in document section.
Diligence Package: A copy of the purchase and sale agreement, leases, lead certificates, 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, January 15th, 2026 & ends Tuesday, January 20, 2026 at 1:00 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.