- For Sale $1,957,140
- Property Type Other
- Units 16
- Additional Rent Contact for pricing
- Year Built 1890
- Date Updated Dec 18, 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.
Reach out to the broker for more info on lease terms and amenities
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
False
Contacts
Location
Getting Around
-
Walk Score ®
87/100
Very Walkable
-
Transit Score ®
93/100
Rider's Paradise
-
Bike Score ®
83/100
Very Bikeable
- City Baltimore, MD
- Neighborhood Bolton Hill
- Zip Code 21202
- Market Baltimore
Points of Interest
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Mount Royal / MICA
0.29 miles
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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
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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
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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
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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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CookHouse
0.07 miles
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The Tilted Row Pub
0.21 miles
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Sutton Sandwich Shop
0.27 miles
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Popeyes
0.41 miles
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The Royal Blue
0.42 miles
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Le Comptoir du Vin
0.42 miles
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Joe Squared
0.44 miles
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Dunkin'
0.46 miles
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Be-One Korean BBQ
0.46 miles
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China Wok
0.47 miles
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Mount Royal Elementary-Middle School
0.06 miles
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Midtown Academy
0.14 miles
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Baltimore School of the Bible
0.16 miles
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Maryland Institute College of Art
0.17 miles
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Eutaw-Marshburn Elementary School
0.31 miles
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Renaissance Academy
0.35 miles
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Booker T. Washington Middle School
0.36 miles
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Renaissance Academy Booker T. Washington Campus
0.37 miles
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Gordon Plaza
0.45 miles
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Bethel Christian School
0.46 miles
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Bolton Hill Nursery
0.16 miles
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All My Children Child Care Center
0.92 miles
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Downtown Baltimore Child Care, Inc.
1.10 miles
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Charles Plaza Child Care & Development
1.19 miles
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Homewood Early Learning Center
1.27 miles
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Saint Vincent de Paul Head Start
1.47 miles
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The Waverly Early Head Start Center of Goodwill
1.59 miles
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Play Workz Learning Center
1.75 miles
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Dayspring Head Start Harford Heights
1.77 miles
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Sherman Early Childhood Center
1.95 miles
Frequently Asked Questions
The space currently listed for sale at North Commons asks for $1,957,140.
North Commons totals 11,532 square feet.
North Commons was built in 1890.
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