North Commons

For Sale

1808-1812 Saint Paul St., Baltimore, MD 21202

This Baltimore property for sale is located at 1808-1812 Saint Paul St.. The current listed sale price for North Commons is $1,957,140.

Contacts

broker
Justin Verner

Harbor Stone Advisors

broker
Brooks Healy

Harbor Stone Advisors

broker
Tom Wohlgemuth

Harbor Stone Advisors

broker
Shana Sabie

Harbor Stone Advisors

broker
Todd Galvin

Harbor Stone Advisors

Property Details

  • Property Type Other
  • Units 16
  • Additional Rent Contact for pricing
  • Year Built 1890
  • Date Updated Dec 20, 2024

View Executive Summary


1808-1812, 1816 Saint Paul St. | Baltimore, MD 21202


Harbor Stone Advisors is pleased to present North Commons, a well-maintained multifamily asset with value-add opportunity located in Station North. The property is located less than a mile away from University of Baltimore and the Maryland Institute College of Art (MICA). North Commons is also a 6-minute walk away from Penn Station, which is undergoing $150 million worth of renovations over the next several years.

The property features 16 apartments with a unit mix of (3) Studios and (13) 1 Br-1 Ba. Typical unit features consist of black/stainless steel appliances, wood cabinets, hard surface countertops, and LVT/carpet flooring. North Commons also has 8 off street parking spaces located behind the building. Prior ownership completed a gut renovation of the property in 2012 which included apartment upgrades as well as updated electric and plumbing.

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 $200 higher on average than the Subject property. There is also an opportunity to implement parking fees to tenants as off-street parking is a highly sought after amenity of city living.

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Highlights

  • Opportunity to Acquire a Well Maintained Asset in Station North
  • Features 16 apartments with a unit mix of (3) Studios and (13) 1 Br-1 Ba
  • Typical unit features consist of black/stainless steel appliances, wood cabinets, hard surface countertops, and LVT/carpet flooring
  • Property also has 8 off street parking spaces located behind the building
  • Prior ownership completed a gut renovation of the property in 2012 which included apartment upgrades as well as updated electric and plumbing
  • 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
  • Ability to implement parking fees to tenants as off-street parking is a highly sought after amenity of city living
  • Located in Station North; 8 Minute Walk to University of Baltimore
  • 6-minute walk away from Penn Station, which is undergoing $150 million worth of renovations over the next several years
  • Ranked a Walker's Paradise by WalkScore

Getting around

  • 87/100

    Walk Score ®

  • 93/100

    Transit Score ®

  • 83/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Baltimore, MD
  • Neighborhood Bolton Hill
  • Zip Code 21202
  • Market Baltimore

Points of Interest

  • Mount Royal / MICA

    0.29 miles

  • North Avenue

    0.31 miles

  • Cultural Center

    0.39 miles

  • State Center

    0.45 miles

  • Baltimore Penn Station

    0.51 miles

  • Upton

    0.63 miles

  • Mount Vernon

    0.82 miles

  • Penn–North

    0.94 miles

  • Lexington Market

    1.06 miles

  • Baltimore Arena

    1.36 miles

  • Oceanic

    0.44 miles

  • Marathon

    0.50 miles

  • Crown

    0.54 miles

  • Sunoco

    0.57 miles

  • Carroll Motor Fuels

    0.59 miles

  • Clark

    0.62 miles

  • Exxon

    0.75 miles

  • eVgo

    0.80 miles

  • Gulf

    1.00 miles

  • ChargePoint

    1.27 miles

  • Guest Parking

    0.28 miles

  • Fitzgerald Garage

    0.32 miles

  • Mount Royal Avenue Lot

    0.40 miles

  • B

    0.40 miles

  • Symphony Center Parking

    0.44 miles

  • Theatre Parking

    0.46 miles

  • 1205 Maryland Avenue Public Parking Lot

    0.52 miles

  • Maryland Avenue Garage

    0.52 miles

  • Cathedral Street Lot

    0.52 miles

  • Penn Station Parking Garage

    0.53 miles

  • Motel 6

    0.42 miles

  • Downtown Hotel

    0.52 miles

  • Hotel Brexton

    0.58 miles

  • Belvedere

    0.66 miles

  • The Ivy Hotel

    0.73 miles

  • Biltmore Suites Hotel - Main Building

    0.75 miles

  • Biltmore Suites Hotel - Park Avenue Building

    0.75 miles

  • Ulysses

    0.77 miles

  • Revival Baltimore

    0.85 miles

  • Midtown Inn

    0.89 miles

  • Save-A-Lot

    0.18 miles

  • Eddie's of Mount Vernon

    0.67 miles

  • O K Groceries

    0.74 miles

  • Safeway

    0.76 miles

  • Harlem Grocery

    0.89 miles

  • OK Market & Deli

    1.01 miles

  • 7 Food Market

    1.06 miles

  • Po Tung Oriental Grocery

    1.06 miles

  • Streets Market & Cafe

    1.20 miles

  • Charles Plaza

    1.21 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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