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Garden-Style Apartment Complex
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3912 W Northern Pkwy, Baltimore, MD 21215

Apartment complex of five buildings with 50 total units, on-site parking, and on-site laundry facilities.

Property SizeContact for details
Days on Market135

Property Features for 3912 W Northern Pkwy

General Information

Standard status Active
Property subtype Multifamily
Occupancy 82%

Additional Details

Multifamily Units 50

Amenities

on-site parking
on-site laundry facilities

Building Details

Construction garden style
Listing Agency: Alex Cooper Auctioneers, Inc
Listed By: Matthew Cooper · License #MD 594308
Source: Crexi
Added: Apr 24 Changed: Aug 8 Last Checked: Jul 23 at 5:05AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Alex Cooper Auctioneers, Inc

Investment Insights

Based on property information with market context.

This garden-style apartment complex consists of five buildings totaling 50 units in the “Glen” community of Baltimore City. The property offers on-site parking and on-site laundry facilities. The unit mix includes 20 one-bedroom units and 30 two-bedroom units. Typical finishes include carpet and tile floors for basement units and wood and tile floors for above-grade units, with drywall walls and ceilings and some ceiling fans. Each unit is self-contained with gas-fired forced air heating, central air conditioning, and gas-fired hot water heaters. Units are separately metered for gas and electric, with tenants responsible for those utilities, and many tenants pay a flat fee for water as extra rent. The complex is MDE Certified Limited Lead-Free.

The complex is located near the intersection of W. Northern Parkway and Reisterstown Road. According to the owner, the property has a MEEHA grant intended to cover capital improvement items, with qualification tied to 20% of the units being at 80% AMI.

Recent improvements include HVAC replacements, plumbing upgrades, electric/break up upgrades, masonry improvements, landscaping, common area lighting, appliance replacements, and turnover improvements for vacant units. A diligence package is available in the document section, including a rent roll, lead certificate, MFD licenses, and the purchase and sale agreement with addenda.

Key Highlights

  • Apartment complex of five buildings with 50 total units near the intersection of W. Northern Parkway and Reisterstown Road in Baltimore City’s “Glen” Community.
  • 82% current occupancy with gross scheduled monthly rent of $47,071 and gross scheduled annual rent of $564,852.
  • Gross potential rent at full occupancy: $66,800/month and $801,600/year (based on full occupancy).

Property Analytics

Current Use

Embassy Insurance Insurance Agency Hilltop Garden Apartments Apartment Building

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Skin Care Clinic Electrical Service Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

50
Residential units
82%
Occupancy

Location Intelligence

Trade Area within ½ mile

562
Businesses Nearby

Demographics for 21215, MD

54,198
Population
24,876
Households
2.2
Avg Household Size
42
Median Age
25%
College-Educated
84%
High-School Grad
6.8 sq mi
ZIP Area
7,970
Density / Sq Mi
$47,606
Median Household Income
$37,670
Median Earnings
$1,177
Median Rent
$189,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Apartment complex of five buildings with 50 total units, on-site parking, and on-site laundry facilities.
Where is this apartment building located?
The property is located at 3912 W Northern Pkwy Baltimore, MD.
What are key features of this property?
This property features: Apartment complex of five buildings with 50 total units near the intersection of W. Northern Parkway and Reisterstown Road in Baltimore City’s “Glen” Community.; 82% current occupancy with gross scheduled monthly rent of $47,071 and gross scheduled annual rent of $564,852.; Gross potential rent at full occupancy: $66,800/month and $801,600/year (based on full occupancy).
(410) 977-4711 Call to check price and availability
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