1130 Light Street

Price: $1,325,000

# of Residential Units: 6

Avg. Residential Rent: $1,363

# Commercial Units: 1

Total Commercial Rent: $3,278

Occupancy: 100%

1130 Light St. | Baltimore, MD 21230

Harbor Stone Advisors is pleased to present 1130 Light St., a fully-occupied, mixed-use asset located in the Federal Hill neighborhood of Baltimore City. Federal Hill is a historic district adjacent to the Inner Harbor and is home to a variety of bars, restaurants, and entertainment. Residents of 1130 Light St. are just a short walk away from area staples such as Cross Street Market, Federal Hill Park, the American Visionary Art Museum, M&T Bank Stadium, and Oriole Park at Camden Yards.

The property features (6) large 1 Br-1 Ba units, as well as (1) commercial space. The commercial space is leased to Brightside Tattoo Shop through April 2028. The tenant has occupied the space since 2015 and has provided stable rental income to the current owner. Typical apartment unit features include white appliances, hard surface countertops, wood cabinets, and carpet/hardwood flooring. All of the units are bi-level and there is a shared laundry room.

Current ownership updated 1 unit (#5) in 2025 by adding stainless steel appliances, new cabinets, quartz countertops, updated bathrooms, LVT flooring throughout, and in-unit washer/dryer. Ownership recently leased this unit at $1,750, which is $465 higher than the average classic unit rent. The opportunity exists for a new owner to continue this renovation on the remaining 5 residential units. The market is accepting of higher-end renovations and comparable properties nearby are achieving rents at least $200 higher on average than the Subject property.

Opportunity to Acquire a Fully Occupied Mixed-Use Asset in Federal Hill

• Unit mix consists of (6) large 1 Br-1 Ba units and (1) commercial space
• Commercial space is leased to a long term tenant, Brightside Tattoo Shop, through April 2028
• Typical apartment unit features include white appliances, hard surface countertops, wood cabinets, and carpet/hardwood flooring, and high-end finishes
• All of the units are bi-level and there is a shared laundry room

Ability to Create Value and Increase Rents Via a Renovation Program

• Current ownership updated 1 unit by adding stainless steel appliances, new cabinets, quartz countertops, updated bathrooms, LVT flooring throughout, and in-unit washer/dryer
• Ownership recently leased this unit at $1,750, which is $465 higher than the average classic unit rent
• Opportunity exists for a new owner to continue this renovation on the remaining 5 residential units
• Comparable properties nearby are achieving rents at least $200 higher on average than the Subject property

Excellent Location in Federal Hill with Easy Access to Downtown and I-95

• Minutes away from area attractions such as the Inner Harbor, Cross Street Market, M&T Bank Stadium, and Camden Yards
• Abundant transportation options located nearby including the Light Rail, MARC train station, various bus lines, and the water taxi
• Walkable to an abundance of dining and nightlife, ranked a Walker’s Paradise by WalkScore
• Major area employers nearby: University of Maryland Medical Center (UMMC), Under Armour, Horseshoe Casino, and University of Maryland, Baltimore

1130 Light Street is located in Federal Hill, a historic neighborhood in South Baltimore located less than half a mile from Downtown Baltimore. Federal Hill is known for its preserved late 19th century brick rowhomes, nightlife, dining, and shopping. Cross Street Market, a historic marketplace that recently received an $8.5M, is located just 2 blocks away and features over 15 vendors. Of note, the market is home to Watershed, a rooftop restaurant owned by Atlas Restaurant Group.

The property is a 5-minute drive to McHenry Row, a mixed use complex anchored by a Harris Teeter grocery store that includes several restaurants and shops. Multiple museums are located in the area, including the Maryland Science Center, the Baltimore Museum of Industry, and the American Visionary Art Museum.

Less than a 10-minute walk from the property is the 71,008 seat, 1.6 million SF M&T Bank Stadium, home of the Baltimore Ravens. Camden Yards, the Baltimore Orioles’ stadium, is located adjacent to M&T Bank Stadium. Many major developments are in progress or completed in the surrounding area, also known as the Warner Street Entertainment District or “The Walk at Warner.” Topgolf, which receives an estimated 500,000 annual guests, is already delivered. 

Major area employers include Horseshoe Casino with 2,400 employees, Under Armour (who’s global headquarters are located minutes away) with 4,000 employees,  T. Rowe Price with 2,000 employees, and University of Maryland Medical Center (10,000 Employees). The property is in close proximity to the Inner Harbor, M&T Bank Stadium, and the CBD, and walking distance to multiple stops on the Charm City Circulator as well a a MARC Commuter station.