Updated Sep 17, 2026
HD Multifamily Sells 28-Unit Midwood Apartments In Baltimore For $2.8 Million With Harbor Stone Advisors
5001 Midwood Avenue
$2,800,000
Units
28
Asset Type
MultiFamily
Closing
Sep 15, 2026
About this deal
AI
The property involved in this transaction is the Midwood Apartments, a multi-family asset located at 5001 Midwood Avenue, Baltimore, MD. The property consists of 28 units, which were sold for a total price of $2,800,000, translating to $100,000 per unit. This transaction was an all-cash deal.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,800,000
- Units: 28
- Price Per Unit: $100,000
- Market: Baltimore, MD
The transaction was facilitated by Harbor Stone Advisors, represented by brokers Justin Verner, Brooks Healy, and Tom Wohlgemuth. The deal was advised by HD Multifamily, who sold the property in this closed transaction.
On the Map
$2,800,000
MultiFamily
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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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93