Madison Lofts

For Sale

712 Saint Paul St., Baltimore, MD 21202

This Baltimore property for sale is located at 712 Saint Paul St.. The current listed sale price for Madison Lofts is $1,339,200.

Contacts

broker
Justin Verner

Harbor Stone Advisors

broker
Brooks Healy

Harbor Stone Advisors

broker
Shana Sabie

Harbor Stone Advisors

broker
Todd Galvin

Harbor Stone Advisors

Property Details

  • Property Type Other
  • Units 10
  • Additional Rent Contact for pricing
  • Date Updated Dec 20, 2024

712 Saint Paul St. | Baltimore, MD 21202

Harbor Stone Advisors is pleased to present Madison Lofts, a well-maintained multifamily asset with value-add opportunity located in Historic Mount Vernon. The property is located a 3 minute walk away from the Peabody Institute of the Johns Hopkins University, a private music and dance conservatory. Madison Lofts is also less than a 10 minute walk away from UMMC Midtown Campus and Mercy Medical Center, two of the top employers in Baltimore City.

The property features 10 apartments with a unit mix of (2) Studios, (5) 1 Br-1 Ba, and (3) 2 Br-2 Ba. Typical unit features consist of white appliances, wood cabinets, formica countertops, and hardwood/tile flooring. Prior ownership completed a renovation of the property in 2010 which included apartment upgrades as well as updated electric, plumbing, and windows. Current ownership replaced the main water line and restored the basement unit.

The opportunity exists for a new owner to perform a light upgrade to all units with a suggested scope of stainless steel appliances and granite countertops. Properties of similar vintage that have undergone renovations of a comparable scope are achieving rents at least $300 higher on average than the Subject property.

99 Walk Score of 517 Cathedral Street Baltimore MD 21201

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Highlights

  • Opportunity to Acquire a Well Maintained Asset in Mount Vernon
  • Features 10 apartments with a unit mix of (2) Studios, (5) 1 Br-1 Ba, and (3) 2 Br-2 Ba
  • Typical unit features consist of white appliances, wood cabinets, formica countertops, and hardwood/tile flooring
  • Prior ownership completed a renovation of the property in 2010 which included apartment upgrades as well as updated electric, plumbing, and windows; current ownership replaced the main water line and restored the basement unit.
  • Ability to Create Value and Increase Rents Via Light Renovation Program
  • Opportunity exists for a new owner to perform a light upgrade to all units with a suggested scope of stainless steel appliances and granite countertops
  • Potential to increase rents at least 20% based on nearby rent comparables
  • Excellent Location in Historic Mount Vernon
  • Ranked a Walker's Paradise by WalkScore
  • Major area employers nearby: University of Maryland Medical Center Midtown Campus, Maryland State Offices, and Mercy Medical Center
  • Major area colleges nearby: University of Baltimore, Peabody Institute of The Johns Hopkins University, Maryland Institute College of Art (MICA)

Getting around

  • 99/100

    Walk Score ®

  • 100/100

    Transit Score ®

  • 78/100

    Bike Score ®

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Location

  • City Baltimore, MD
  • Neighborhood Mount Vernon
  • Zip Code 21202
  • Market Baltimore

Points of Interest

  • Mount Vernon

    0.30 miles

  • Cultural Center

    0.42 miles

  • State Center

    0.46 miles

  • Lexington Market

    0.53 miles

  • Baltimore Penn Station

    0.59 miles

  • Mount Royal / MICA

    0.62 miles

  • Charles Center

    0.64 miles

  • Baltimore Arena

    0.75 miles

  • Shot Tower

    0.81 miles

  • North Avenue

    0.97 miles

  • Carroll Motor Fuels

    0.42 miles

  • Front Street Fuel Station (Government only)

    0.52 miles

  • Gulf

    0.53 miles

  • Exxon

    0.60 miles

  • Marathon

    0.63 miles

  • ChargePoint

    0.74 miles

  • BP

    0.95 miles

  • Oceanic

    0.98 miles

  • US Fuel

    1.01 miles

  • Sunoco

    1.10 miles

  • Park PMI

    0.19 miles

  • 601 N Calvert Street Garage

    0.20 miles

  • Lot A

    0.23 miles

  • Lot B

    0.24 miles

  • PNC Bank

    0.25 miles

  • Cathedral Street Lot

    0.29 miles

  • 15 W. Franklin Street Garage

    0.30 miles

  • Maryland General Hospital Parking Garage

    0.30 miles

  • Maryland Avenue Garage

    0.31 miles

  • Monument Place Resident Parking

    0.33 miles

  • Ulysses

    0.05 miles

  • Midtown Inn

    0.08 miles

  • Revival Baltimore

    0.16 miles

  • Biltmore Suites Hotel - Park Avenue Building

    0.19 miles

  • Biltmore Suites Hotel - Main Building

    0.21 miles

  • Belvedere

    0.21 miles

  • Hotel Brexton

    0.24 miles

  • Hotel Indigo

    0.28 miles

  • The Ivy Hotel

    0.32 miles

  • Hostelling International

    0.37 miles

  • Eddie's of Mount Vernon

    0.15 miles

  • Po Tung Oriental Grocery

    0.41 miles

  • Streets Market & Cafe

    0.48 miles

  • Charles Plaza

    0.49 miles

  • 7 Food Market

    0.54 miles

  • OK Market & Deli

    0.60 miles

  • Save-A-Lot

    0.73 miles

  • The Gallery at Harborplace

    0.84 miles

  • Pratt Street Pavilion (Harbor Place)

    0.92 miles

  • Marshalls

    0.94 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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