St. James Court Apartments

1312 - 1316 Eutaw Pl.

Baltimore, MD 21217

1312-1316 Eutaw Pl | Baltimore, MD 21217

Harbor Stone Advisors is pleased to present St. James Court Apartments, a multifamily asset in the Bolton Hill neighborhood of Baltimore City. St. James Court Apartments features 25 large units with a mix of (1) Studio, (6) 1 Br-1 Ba, (14) 2 Br-1 Ba, (2) 3 Br-1 Ba, and (2) carriage homes. There is a landscaped courtyard with secured entry that tenants walk through to reach their units and a shared laundry area. Typical unit features consist of white appliances, wood cabinets, formica countertops, and hardwood/tile flooring.

The opportunity exists for a new owner to renovate all of the units with a suggested scope of stainless steel appliances, updated cabinets, granite countertops, and updated bathrooms. Properties of similar vintage that have undergone renovations of a comparable scope are achieving rents at least $350 higher on average compared to the Subject property. Other value add opportunities include evaluating the possibility of implementing a utility reimbursement program upon renewal and/or new lease.

• Features 25 large units with a mix of (1) Studio, (6) 1 Br-1 Ba, (14) 2 Br-1 Ba, (2) 3 Br-1 Ba, and (2) carriage homes
• There is a landscaped courtyard with secured entry that tenants walk through to reach their units and a shared laundry area
• Typical unit features consist of white appliances, wood cabinets, formica countertops, and hardwood/tile flooring

• Opportunity exists for a new owner to renovate all of the units with a suggested scope of stainless steel appliances, updated cabinets, granite countertops, and updated bathrooms
• Properties of similar vintage that have undergone renovations of a comparable scope are achieving rents at least $350 higher on average compared to the subject property
• Other value add opportunities include evaluating the possibility of implementing a utility reimbursement program upon renewal and/or new lease

• Easy access to I-83 and Downtown Baltimore
• Less than a mile from Penn Station and only an 8-minute walk to the closest light rail station
• Major area employers/colleges nearby: Maryland Institute College of Art (MICA), University of Baltimore, University of Maryland Medical Center (UMMC) Midtown Campus, Social Security Administration

St. James Court is located in the historic Bolton Hill neighborhood of Baltimore City, which is known for its tree-lined streets, 19th-century townhouses, quaint parks, and historic landmarks. The neighborhood offers walkability to cafes, shops, and public transportation access to Metro Subway, LightRail, and bus routes, which makes it a prime location for residents and visitors.

The property is just a few blocks from the Maryland Institute College of Art (MICA), one of the nation’s oldest and most prestigious art schools - enrolling 3,500 students and employing 1,911 people. MICA is the 11th largest employer in Baltimore. Other top institutions nearby include Johns Hopkins University, University of Maryland Baltimore Medical Center, and the University of Baltimore (UB). UB enrolls 4,200 students across business, law, public affairs, and the arts. UB’s notable alumni include Peter Angelos, owner of the Baltimore Orioles, and Bob Parsons, founder of GoDaddy.

Bolton Hill is rich in history and culture, featuring landmarks like the former home of F. Scott Fitzgerald and the Francis Scott Key Monument. Nearby dining options include Cookhouse, The Brewer’s Art, and The Owl Bar. Entertainment venues include The Walters Art Museum, The Lyric , and the Baltimore Symphony Orchestra.

The area is undergoing major redevelopment, including the Reservoir Square Redevelopment that is bringing 200 apartments and up to 100,000 square feet of commercial and office space. Phase I is currently underway, featuring 120 townhomes with nearly half having been presold, ranging from $350,000 to $500,000.

Just minutes away, Baltimore’s Penn Station is set for a $150 million renovation, an increase from the previously planned $90 million investment. The project includes modernizing the original station, constructing a new glass-encased concourse, and developing two mix-use buildings featuring retail, office space, and apartments. Penn Station provides Amtrak and MARC commuter train access to Washington, D.C., Philadelphia, and beyond.

For outdoor enthusiasts, Bolton Hill is adjacent to Druid Hill Park, one of Baltimore’s largest green spaces, spanning 745 acres. The park offers athletic fields, picnic areas, pavilions, historical monuments, a 1.5-mile walking loop, and a disc golf course. A $250 million revitalization plan is in the works to enhance the park’s amenities and preserve its historic significance.