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 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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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 / MICA

0.29 miles
North Avenue

0.31 miles
Cultural Center

0.39 miles
State Center

0.45 miles
Baltimore Penn Station

0.51 miles
Upton

0.63 miles
Mount Vernon

0.82 miles
Penn–North

0.94 miles
Lexington Market

1.06 miles
Baltimore Arena

1.36 miles

Oceanic

0.44 miles
Marathon

0.50 miles
Crown

0.54 miles
Sunoco

0.57 miles
Carroll Motor Fuels

0.59 miles
Clark

0.62 miles
Exxon

0.75 miles
eVgo

0.80 miles
Gulf

1.00 miles
ChargePoint

1.27 miles

Guest Parking

0.28 miles
Fitzgerald Garage

0.32 miles
Mount Royal Avenue Lot

0.40 miles
B

0.40 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
Cathedral Street Lot

0.52 miles
Penn Station Parking Garage

0.53 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
Ulysses

0.77 miles
Revival Baltimore

0.85 miles
Midtown Inn

0.89 miles

CookHouse

0.07 miles
The Tilted Row Pub

0.21 miles
Sutton Sandwich Shop

0.27 miles
Popeyes

0.41 miles
The Royal Blue

0.42 miles
Le Comptoir du Vin

0.42 miles
Joe Squared

0.44 miles
Dunkin'

0.46 miles
Be-One Korean BBQ

0.46 miles
China Wok

0.47 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

1.47 miles
The Waverly Early Head Start Center of Goodwill

1.59 miles
Play Workz Learning Center

1.75 miles
Dayspring Head Start Harford Heights

1.77 miles
Sherman Early Childhood Center

1.95 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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