Contacts
Justin Verner
Harbor Stone Advisors
Brooks Healy
Harbor Stone Advisors
Tom Wohlgemuth
Harbor Stone Advisors
Shana Sabie
Harbor Stone Advisors
Todd Galvin
Harbor Stone Advisors
Property Details
- Property Type Other
- Property Size 11,532 SF
- Units 16
- Additional Rent Contact for pricing
- Year Built 1890
- Date Updated Nov 4, 2024
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
Attachments
Getting around
-
87/100
Walk Score ®
-
93/100
Transit Score ®
-
83/100
Bike Score ®
Location
- City Baltimore, MD
- Neighborhood Bolton Hill
- Zip Code 21202
- Market Baltimore
Points of Interest
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Mount Royal / MICA
0.29 miles
-
North Avenue
0.31 miles
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Cultural Center
0.39 miles
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State Center
0.45 miles
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Baltimore Penn Station
0.51 miles
-
Upton
0.63 miles
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Mount Vernon
0.82 miles
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Penn–North
0.94 miles
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Lexington Market
1.06 miles
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Baltimore Arena
1.36 miles
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Oceanic
0.44 miles
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Marathon
0.50 miles
-
Crown
0.54 miles
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Sunoco
0.57 miles
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Carroll Motor Fuels
0.59 miles
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Clark
0.62 miles
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Exxon
0.75 miles
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eVgo
0.80 miles
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Gulf
1.00 miles
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ChargePoint
1.27 miles
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Guest Parking
0.28 miles
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Fitzgerald Garage
0.32 miles
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Mount Royal Avenue Lot
0.40 miles
-
B
0.40 miles
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Symphony Center Parking
0.44 miles
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Theatre Parking
0.46 miles
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1205 Maryland Avenue Public Parking Lot
0.52 miles
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Maryland Avenue Garage
0.52 miles
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Cathedral Street Lot
0.52 miles
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Penn Station Parking Garage
0.53 miles
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Motel 6
0.42 miles
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Downtown Hotel
0.52 miles
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Hotel Brexton
0.58 miles
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Belvedere
0.66 miles
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The Ivy Hotel
0.73 miles
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Biltmore Suites Hotel - Main Building
0.75 miles
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Biltmore Suites Hotel - Park Avenue Building
0.75 miles
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Ulysses
0.77 miles
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Revival Baltimore
0.85 miles
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Midtown Inn
0.89 miles
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Save-A-Lot
0.18 miles
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Eddie's of Mount Vernon
0.67 miles
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O K Groceries
0.74 miles
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Safeway
0.76 miles
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Harlem Grocery
0.89 miles
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OK Market & Deli
1.01 miles
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7 Food Market
1.06 miles
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Po Tung Oriental Grocery
1.06 miles
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Streets Market & Cafe
1.20 miles
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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.
