Transwestern Real Estate Services’ Mid-Atlantic Multifamily Group has been retained to sell Meadow Lane Apartments, a 395-unit property at 4431 Alan Drive in Baltimore. Dean Sigmon, Robin Williams and Michael D’Amelio are marketing the sale of the garden-style asset on behalf its third-generation owner and manager.
“In-place leased rents are $300 below market on month-to-month terms with low turnover, and most units are in original condition, offering significant upside through strategic property improvements and repositioning,” Sigmon said. “Additionally, the property presents a unique mission-driven investment opportunity to preserve potential affordable housing.”
Meadow Lane is adjacent to the Wilkens Avenue exit 12E from I-695 in Catonsville and just one exit from I-95. Residents benefit from quick access to major roadways throughout Baltimore, as well as Inner Harbor, Harbor East, the Orioles and Ravens stadiums, nearby BWI Airport, Columbia, MD and neighboring Washington, D.C., only 35 minutes away.
According to Transwestern research, the Southwest Baltimore County submarket reported effective rent growth of 2.7% for the 12 months ending December 2024. The submarket’s vacancy rate, at 5.1%, remains among the lowest in the Baltimore region. Maryland’s 2025 employment growth is expected to reach nearly 20,000 new jobs, driven by Baltimore’s ongoing $6.9 billion CBD redevelopment initiative.
“The opportunity to acquire a market-rate property of this size in Baltimore County with exceptional frontage on well-traveled Wilkens Avenue that has been owned and operated by the same family for over 75 years is extremely rare,” said D’Amelio.
More information about Meadow Lane Apartments is available here.
