For Sale $1,957,140
Property Type Other
Property Size 11,532 SF
Units 16
Additional Rent Contact for pricing
Year Built 1890
Date Updated Sep 18, 2024
Website northcommons.sharplaunch.com

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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Attachments

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

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

Contacts

Location

Getting Around

Walk Score ®
87/100 Very Walkable
Transit Score ®
93/100 Rider's Paradise
Bike Score ®
83/100 Very Bikeable

Map
Street

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

Points of Interest

Mount Royal / University of Baltimore

0.29 miles
Upton

0.63 miles
Centre Street

0.82 miles
Baltimore Arena

1.36 miles
Charles Center

1.40 miles
Shot Tower/Market Place

1.61 miles
Shot Tower

1.62 miles
Camden Station

1.70 miles
Camden Street

1.74 miles
Hamburg Street

2.02 miles

Oceanic

0.44 miles
Marathon

0.50 miles
Crown

0.54 miles
Sunoco

0.57 miles
American Fuel

0.58 miles
BP

0.59 miles
Clark

0.62 miles
Exxon

0.75 miles
Carroll Motor Fuels

0.79 miles
eVgo

0.80 miles

Guest Parking

0.28 miles
Fitzgerald Garage

0.32 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
Penn Station Parking Garage

0.53 miles
Area D

0.58 miles
PNC Bank

0.60 miles
Park PMI

0.66 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
Revival Baltimore

0.85 miles
Hotel Indigo

0.99 miles
La Quinta

1.07 miles

CookHouse

0.07 miles
The Tilted Row Pub

0.21 miles
Sutton Sandwich Shop

0.27 miles
Popeyes

0.41 miles
Joe Squared

0.44 miles
Dunkin'

0.46 miles
Be-One

0.46 miles
China Wok

0.47 miles
McDonald's

0.47 miles
Alma Cocina Latina

0.48 miles

Mount Royal Elementary-Middle School

0.06 miles
Midtown Academy

0.14 miles
Baltimore School of the Bible

0.16 miles
Maryland Institute College of Art

0.17 miles
Eutaw-Marshburn Elementary School

0.31 miles
Renaissance Academy

0.35 miles
Booker T. Washington Middle School

0.36 miles
Renaissance Academy Booker T. Washington Campus

0.37 miles
Gordon Plaza

0.45 miles
Bethel Christian School

0.46 miles

Bolton Hill Nursery

0.16 miles
All My Children Child Care Center

0.92 miles
Downtown Baltimore Child Care, Inc.

1.10 miles
Charles Plaza Child Care & Development

1.19 miles
Homewood Early Learning Center

1.27 miles
Saint Vincent de Paul Head Start

1.46 miles
Headstart, Harford Elementary School Modular

1.77 miles
Bright Stars Learning Center

2.21 miles
Mema's Early Learning Center LLC, License

2.22 miles
Dynamic Deliverance Childcare Center

2.67 miles

Frequently Asked Questions

How much does North Commons cost?

The space currently listed for sale at North Commons asks for $1,957,140.

What is the total square footage of North Commons?

North Commons totals 11,532 square feet.

When was this property built?

North Commons was built in 1890.

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