CASE STUDY: Successful Sale of Clarksview Apartments at Auction

The seller of Clarksview Apartments—a 33-unit multifamily building located near the Baltimore County line—had long-standing professional relationships with both Alex Cooper Auctioneers and Harbor Stone Advisors. Seeking maximum exposure and a competitive sale process, the seller chose to engage both firms: Harbor Stone for their deep expertise in multifamily brokerage and Alex Cooper for its accelerated sale platform and expansive buyer reach.
The goal was clear: market a value-add investment opportunity to a wide range of qualified buyers and sell under auction terms that would generate strong competitive bidding.

  • Location: 3703 Clarks Lane, Baltimore, MD 21215
  • Asset Type: 33-Unit Multifamily Apartment Building
  • Neighborhood: The Glen, Northwest Baltimore City
  • Sold Price:$2,992,500
  • In Cooperation With:Harbor Stone Advisors – Justin Verner

The Strategy

Alex Cooper and Harbor Stone Advisors collaborated seamlessly to present Clarksview Apartments as a premier value-add opportunity. With a Gross Potential Annual Income of $488,598, the offering attracted investors interested in repositioning the asset and capitalizing on below-market rents.
Key Property Highlights:
(30) 2BR-1BA & (4) 3BR-1.5BA units
On-site laundry, balconies, and surface parking
8 NEDs units under HAP contract through 2027
Value-add potential with comparable rents averaging $300/month higher
Proximity to Sinai Hospital, Stevenson University, I-695, and public transit

Alex Cooper and Harbor Stone Advisors collaborated seamlessly to present Clarksview Apartments as a premier value-add opportunity. With a Gross Potential Annual Income of $488,598, the offering attracted investors interested in repositioning the asset and capitalizing on below-market rents.
Key Property Highlights:
(30) 2BR-1BA & (4) 3BR-1.5BA units
On-site laundry, balconies, and surface parking
8 NEDs units under HAP contract through 2027
Value-add potential with comparable rents averaging $300/month higher
Proximity to Sinai Hospital, Stevenson University, I-695, and public transit

Auction Strategy Highlights:

Aggressive digital marketing campaign

Guided tours and investor outreach

Fully online auction bidding window (August 22–27, 2024)

Transparent sale process with complete diligence package

The Outcome

Thanks to a targeted marketing strategy and cross-industry collaboration, the property sold at auction for $2,992,500, delivering a successful result for the seller and a strong opportunity for the buyer. The exposure generated by the auction process combined with Harbor Stone’s brokerage expertise ensured that the asset was positioned correctly in the market and reached a deep pool of qualified, competitive bidders.

Final Thoughts
This sale exemplifies the power of a collaborative approach—combining auction momentum with traditional brokerage insight. Alex Cooper’s auction platform created urgency and broad exposure, while Harbor Stone Advisors’ multifamily expertise ensured that the opportunity was presented with precision to the right buyer audience.

For more information about our multifamily auction solutions, contact:
Alex Cooper Auctioneers – (410) 828-4838 | info@alexcooper.com