For Sale $850,000
Property Type Other
Property Size 2,406 SF
Units 5
Additional Rent Contact for pricing
Date Updated Nov 4, 2024

301 E 29^th St. | Baltimore, MD 21218

Harbor Stone Advisors is pleased to present Flats at 29th, a renovated multifamily asset located in Charles Village. The property is a 12 minute walk away from Johns Hopkins University (JHU) and MedStar Union Memorial Hospital, two of the top employers in Baltimore City. Flats at 29th is also a 6-minute walk away from a JHU shuttle stop. The JHU Shuttle not only makes stops at the main university campus, but also stops at Penn Station, Johns Hopkins Hospital, and the Peabody Institute of the Johns Hopkins University.

The property features 5 apartments with a unit mix of (4) 1 Br-1 Ba and (1) 3 Br-2 Ba. Prior ownership completed a renovation of the building in 2015 which included apartment renovations.Typical unit features consist of stainless steel appliances, wood cabinets, granite countertops, hardwood flooring, and in-unit washer/dryers.

The opportunity exists for a new owner to organically increase rents at Flats at 29th, as they are currently under market. Properties of similar vintage that have undergone renovations of a comparable scope are achieving rents at least $180 higher on average than the Subject property. There is also an opportunity to implement a water reimbursement program upon renewal and/or new lease.

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Attachments

flatsat29th.sharplaunch.com (PDF) opens in new window

Highlights

Opportunity to Acquire a Renovated Asset in Charles Village
Features 5 apartments with a unit mix of (4) 1 Br-1 Ba and (1) 3 Br-2 Ba
Prior ownership completed a renovation of the building in 2015 which included apartment renovations
Typical unit features consist of stainless steel appliances, wood cabinets, granite countertops, hardwood flooring, and in-unit washer/dryers
Ability to Organically Increase Rents
Opportunity exists for a new owner to organically increase rents at Flats at 29th, as they are currently under market
Similar properties nearby are achieving rents at least $180 higher on average
There is also an opportunity to implement a water reimbursement program upon renewal and/or new lease
Half Mile Away from Johns Hopkins University and MedStar Union Memorial Hospital
6-minute walk away from a JHU shuttle stop that makes stops at the main university campus, but also stops at Penn Station, Johns Hopkins Hospital, and the Peabody Institute of the Johns Hopkins University.
Close proximity to neighboring areas such as Old Goucher, Hampden and Station North
Major area employers/colleges nearby: JHU, MedStar Union Memorial Hospital, Loyola University of Maryland, Morgan State University, University of Baltimore

Contacts

Location

Getting Around

Walk Score ®
89/100 Very Walkable
Transit Score ®
65/100 Good Transit
Bike Score ®
71/100 Very Bikeable

Map
Street

City Baltimore, MD
Neighborhood Johns Hopkins Homewood
Zip Code 21218
Market Baltimore

Points of Interest

North Avenue

1.04 miles
Woodberry

1.31 miles
Baltimore Penn Station

1.34 miles
Mount Royal / MICA

1.34 miles
Cultural Center

1.60 miles
Penn–North

1.68 miles
State Center

1.75 miles
Upton

1.80 miles
Cold Spring Lane

1.94 miles
Mount Vernon

2.07 miles

Tesla Destination Charger

0.14 miles
SemaConnect

0.41 miles
US Fuel

0.57 miles
Crown

0.57 miles
Carroll Motor Fuels

0.58 miles
Exxon

0.60 miles
eVgo

0.67 miles
Blink

0.71 miles
Sunoco

0.83 miles
Oceanic

0.97 miles

West Garage

0.29 miles
Baltimore Police Department Parking

0.30 miles
R. House Parking

0.32 miles
Papermoon Diner

0.34 miles
Homewood Garage

0.49 miles
Johns Hopkins at Keswick Parking Garage (Employee Only)

0.70 miles
Brown Rice Parking

0.72 miles
Theatre Parking

1.21 miles
Parking-Loyola

1.32 miles
Fitzgerald Garage

1.32 miles

Inn at the Collonade

0.50 miles
Motel 6

1.07 miles
Downtown Hotel

1.56 miles
The Ivy Hotel

1.66 miles
Belvedere

1.72 miles
Hotel Brexton

1.77 miles
Ulysses

1.88 miles
Biltmore Suites Hotel - Park Avenue Building

1.97 miles
Biltmore Suites Hotel - Main Building

1.97 miles
Midtown Inn

1.98 miles

Gertrude's

0.04 miles
Levering Kitchens

0.15 miles
Homeslyce Pizza Bar

0.18 miles
Kyodai Hibachi Sushi Express

0.18 miles
THB Bagelry & Deli

0.18 miles
Honeygrow

0.18 miles
Kajiken

0.18 miles
Chipotle

0.20 miles
Ajumma

0.20 miles
Potbelly

0.20 miles

Johns Hopkins University

0.18 miles
Johns Hopkins University School of Education

0.33 miles
The Community School

0.38 miles
Barclay Elementary School

0.45 miles
Margaret Brent Elementary/Middle School

0.54 miles
First English Evangelical Lutheran School

0.59 miles
Hampden Elementary/Middle School #55

0.68 miles
Career Academy

0.73 miles
Waverly Career Center

0.75 miles
Venable High School

0.76 miles

Homewood Early Learning Center

0.27 miles
The Waverly Early Head Start Center of Goodwill

0.77 miles
Bright Stars Learning Center

0.92 miles
Sherman Early Childhood Center

0.92 miles
Mema's Early Learning Center LLC, License

0.93 miles
Play Workz Learning Center

1.02 miles
Bolton Hill Nursery

1.45 miles
Dayspring Head Start Harford Heights

1.73 miles
Saint Vincent de Paul Head Start

1.81 miles
All My Children Child Care Center

1.93 miles

Frequently Asked Questions

How much does Flats at 29th cost?

The space currently listed for sale at Flats at 29th asks for $850,000.

What is the total square footage of Flats at 29th?

Flats at 29th totals 2,406 square feet.

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