1703-1705 Saint Paul

1703-1705

SAINT PAUL

1703-1705 Saint Paul St. | Baltimore, MD 21202

Price: 1,275,000

# of Units: 10

Avg. Rent: $1,139

Year Built / Renovated: 1900/2015

Harbor Stone Advisors is pleased to present 1703-1705 St Paul, a renovated asset 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). 1703-1705 St Paul is also a 5-minute walk away from Penn Station, which is undergoing $150 million worth of renovations over the next several years.

The property features 10 units with a mix of (2) Studios and (8) 1 Br-1 Ba. Current ownership renovated the property in 2015, which included apartment upgrades. Typical unit features include stainless steel appliance packages, granite countertops, wood cabinets, LVT flooring, and in-unit washer/dryers. The opportunity exists for a new owner to organically increase rents at 1703-1705 St Paul. Comparable properties nearby are currently achieving rents at least 15% higher on average than the Subject property.

Opportunity to Acquire a Renovated Asset in Station North

• Features 10 units with a mix of (2) Studios and (8)
• Current ownership renovated the property in 2015, which included apartment upgrades
• Typical unit features include stainless steel appliance packages, granite countertops, wood cabinets, LVT flooring, and in-unit washer/dryers

Ability to Organically Increase Rents

• Opportunity exists for a new owner to organically increase rents at 1703-1705 St Paul
• Comparable properties nearby are currently achieving rents at least 15% higher on average

Located in Station North; Less than a 10 Minute Walk to University of Baltimore

• 5-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
• Major area employers/colleges nearby: University of Baltimore, the Johns Hopkins University, MedStar Union Memorial Hospital, Maryland Institute College of Art (MICA)

1703-1705 Saint Paul is located within the Station North neighborhood of Baltimore City, the heart of the arts and entertainment district. This central location within the city provides walkability to restaurants and cafes, as well as a plethora of entertainment, including art galleries, theaters, and a cinema.

The subject property is less than a 5-minute drive to the prestigious Johns Hopkins University’s undergraduate campus. JHU is the top employer in Baltimore City, with over 25,000 employees, and is home to more than 7,000 undergrads and nearly 2,000 graduate students.

Other nearby top colleges and universities include the Maryland Institute College of Art (MICA), one of the country’s premier art schools, and the University of Baltimore.

The property is within minutes of Baltimore’s historic Penn Station, which is set to receive $150 million in renovations in the coming years. Penn Station offers convenient access to public transportation, with access to Amtrak trains and the MARC commuter train to Washington, D.C.

Station North is sandwiched between Baltimore City’s historic Mount Vernon and Old Goucher neighborhoods. Mount Vernon is home to an excess of retail and entertainment featuring attractions like the Washington Monument, Walters Art Museum, the George Peabody Library, and top eateries like Restaurante Tio Pepe and Sotto Sopra. Old Goucher provides residents high-end restaurants and bars, including Clavel, Fadensonnen, and Dutch Courage.

Maryland Institute College of Art (MICA)

Baltimore's Penn Station

Local Area Overview