For Sale $2,266,200
Property Type Other
Property Size 11,052 SF
Units 15
Additional Rent Contact for pricing
Date Updated Nov 4, 2024

1210-1212 Saint Paul St. | Baltimore, MD 21202

Harbor Stone Advisors is pleased to present Lofts at 1210-1212 Saint Paul, a gut renovated multifamily asset located in Historic Mount Vernon. The property is a 3 minute walk away from University of Baltimore and a half mile away from UMMC Midtown Campus. Lofts at 1210-1212 Saint Paul is also a 7-minute walk away from Penn Station, which is undergoing $150 million worth of renovations over the next several years.

The property features 15 apartments with a unit mix of (10) Studios, (1) 1 Br-1 Ba, (2) 1 Br-1.5 Ba, and (2) 2 Br-1 Ba. Typical unit features consist of stainless steel appliances, wood cabinets, hard surface countertops, and hardwood flooring. Lofts at 1210-1212 Saint Paul also has 3 off street parking spaces located behind the building. Prior ownership completed a gut renovation of the property in 2015 which included apartment upgrades as well as new mechanical systems and window replacements.

The opportunity exists for a new owner to organically increase rents at Lofts at 1210-1212 Saint Paul, as they are currently under market. 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. There is also an opportunity to implement parking fees to tenants as off-street parking is a highly sought after amenity of city living.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

loftsat12101212stpaul.sharplaunch.com (PDF) opens in new window

Highlights

Opportunity to Acquire a Gut Renovated Asset in Historic Mount Vernon
Features 15 apartments with a unit mix of (10) Studios, (1) 1 Br-1 Ba, (2) 1 Br-1.5 Ba, and (2) 2 Br-1 Ba
Typical unit features consist of stainless steel appliances, wood cabinets, hard surface countertops, and hardwood flooring
Property also has 3 off street parking spaces located behind the building
Prior ownership completed a gut renovation of the property in 2015 which included apartment upgrades as well as new mechanical systems and window replacements
Ability to Organically Increase Rents
Opportunity exists for a new owner to organically increase rents
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 Historic Mount Vernon; 3 Minute Walk to University of Baltimore
Ranked a Walker's Paradise by WalkScore
7-minute walk away from Penn Station, which is undergoing $150 million worth of renovations over the next several years
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)

Contacts

Location

Getting Around

Walk Score ®
97/100 Walker's Paradise
Transit Score ®
96/100 Rider's Paradise
Bike Score ®
90/100 Biker's Paradise

Map
Street

City Baltimore, MD
Neighborhood Mid - Town Belvedere
Zip Code 21202
Market Baltimore

Points of Interest

Baltimore Penn Station

0.26 miles
Cultural Center

0.30 miles
Mount Royal / MICA

0.36 miles
State Center

0.47 miles
Mount Vernon

0.56 miles
North Avenue

0.69 miles
Lexington Market

0.83 miles
Charles Center

0.97 miles
Baltimore Arena

1.08 miles
Shot Tower

1.08 miles

Carroll Motor Fuels

0.09 miles
Marathon

0.43 miles
Oceanic

0.67 miles
Front Street Fuel Station (Government only)

0.79 miles
Sunoco

0.79 miles
Gulf

0.81 miles
Exxon

0.87 miles
eVgo

0.94 miles
ChargePoint

1.04 miles
Maryland Science Center

1.59 miles

1205 Maryland Avenue Public Parking Lot

0.12 miles
PNC Bank

0.12 miles
Park PMI

0.15 miles
Maryland Avenue Garage

0.17 miles
Penn Station Parking Garage

0.20 miles
Cathedral Street Lot

0.21 miles
Mount Royal Avenue Lot

0.22 miles
Area D

0.26 miles
Symphony Center Parking

0.28 miles
Lot A

0.35 miles

The Ivy Hotel

0.10 miles
Downtown Hotel

0.11 miles
Belvedere

0.13 miles
Hotel Brexton

0.28 miles
Ulysses

0.28 miles
Midtown Inn

0.37 miles
Biltmore Suites Hotel - Park Avenue Building

0.44 miles
Biltmore Suites Hotel - Main Building

0.45 miles
Revival Baltimore

0.47 miles
Motel 6

0.56 miles

Potbelly

0.06 miles
Smoothie King

0.07 miles
Subway

0.07 miles
Chipotle

0.07 miles
Joanne's Grill

0.07 miles
Good Part & Co.

0.08 miles
Sammy's Trattoria

0.08 miles
Dodah's Kitchen

0.08 miles
Aloha Sushi & Bar

0.09 miles
IndoViet Restaurant

0.09 miles

University of Baltimore

0.17 miles
Gordon Plaza

0.19 miles
Baltimore Design School

0.30 miles
Baltimore Montessori Public Charter School

0.35 miles
Saint Frances Academy

0.36 miles
Downtown Baltimore Child Care / Park Avenue

0.41 miles
Baltimore School For The Arts

0.45 miles
Grace and Saint Peters School

0.46 miles
The Peabody Institute of Johns Hopkins

0.51 miles
Midtown Academy

0.52 miles

All My Children Child Care Center

0.34 miles
Bolton Hill Nursery

0.49 miles
Charles Plaza Child Care & Development

0.78 miles
Saint Vincent de Paul Head Start

0.93 miles
Downtown Baltimore Child Care, Inc.

0.98 miles
Dayspring Head Start Harford Heights

1.33 miles
The Waverly Early Head Start Center of Goodwill

1.55 miles
Play Workz Learning Center

1.63 miles
Homewood Early Learning Center

1.64 miles
Sherman Early Childhood Center

1.93 miles

Frequently Asked Questions

How much does Lofts at 1210-1212 St. Paul cost?

The space currently listed for sale at Lofts at 1210-1212 St. Paul asks for $2,266,200.

What is the total square footage of Lofts at 1210-1212 St. Paul?

Lofts at 1210-1212 St. Paul totals 11,052 square feet.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.