Updated Apr 8, 2026
Walker House Apartments Sold For $2.13M In Baltimore With Brokers Harbor Stone Advisors And Alex Cooper
1210 Walker Avenue & 1214 Walker Avenue
$2,126,250
Units
19
Asset Type
MultiFamily
Closing
Apr 6, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property consisting of 19 units located at 1210 Walker Avenue and 1214 Walker Avenue in Baltimore, MD. The transaction was completed for a sale price of $2,126,250, resulting in a price per unit of $111,908. The property has not been sold in over 40 years and is situated near major universities and employers, which provides potential for unit renovations and additional income streams.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,126,250
- Units: 19
- Price Per Unit: $111,908
- Date of Sale: 04/06/2026
- Address: 1210 Walker Avenue & 1214 Walker Avenue
- Market: Baltimore, MD
- Brokers: Justin Verner, Brooks Healy, Tom Wohlgemuth & Kevin Landolphi - Harbor Stone Advisors; Larry Cooper - Alex Cooper Auctioneers
Harbor Stone Advisors and Alex Cooper Auctioneers collaborated on the sale of Walker House Apartments, marking a significant event as it is the first sale of the property in over four decades. The brokers involved played a crucial role in the auction process, facilitating the successful transaction in the multifamily sector.
Players
Baltimore MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.46%
Cash-on-Cash
-2.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93