3442 Auchentoroly Terrace
3442 Auchentoroly Terrace
Deal Type: Development
Risk Profiles: Value-Add
Property Types: Multifamily
3442
Auchentoroly Terrace
Baltimore, MD 21217
Opportunity to Acquire a Stabilized Multifamily Asset
with Value-Add Potential in Northwest Baltimore
3442 AUCHENTEROLY TERR. | BALTIMORE, MD 21217
Harbor Stone Advisors is pleased to offer 3442 Auchentoroly Terrace, a value-add opportunity in Northwest Baltimore City. The property's prime location is directly across from Druid Hill Park, a historic 745-acre urban park currently undergoing a significant $290 million renovation. This iconic park is home to the Maryland Zoo, numerous cultural landmarks, and extensive recreational amenities, including pools, sports fields, and trails. Residents also benefit from being within walking distance of The Village at Mondawmin, a $25 million redevelopment project transforming the former Target at Mondawmin Mall into a center for health, elderly care, childcare, and workforce training.
3442 Auchentoroly Terrace features (11) spacious apartments with a unit mix of (2) Studios, (8) 1 Br-1 Ba, and (1) 2 Br-1 Ba. Typical unit features consist of stainless steel appliances, formica/granite countertops, wood cabinets, and tile/hardwood/vinyl flooring. The opportunity exists for a new owner to refresh all of the units with a suggested scope of updated bathrooms and modern hardware/fixtures. Properties of similar vintage in the area that have undergone renovations of a similar scope are achieving rents at least $200 higher on average than the Subject property.
INVESTMENT HIGHLIGHTS
Opportunity to Acquire a Stabilized Multifamily Asset with Value-Add Potential in Northwest Baltimore
• Typical unit features consist of stainless steel appliances, formica/granite countertops, wood cabinets, and tile/hardwood/vinyl flooring
• Select apartments have balconies
Ability to Create Value and Increase Rents
• Ability to increase rents at least $200 on average based on nearby rent comparables
Excellent Location in Northwest Baltimore, Across the Street from Druid Hill Park
• Proxity to major redevelopments, including Druid Hill Park and The Village at Mondawmin, prompting economic growth in the area
• Major area employers/colleges nearby: Coppin State University, Sinai Hospital, Baltimore City Community College
AREA SPOTLIGHT: NORTHWEST BALTIMORE CITY
3442 Auchentoroly Terrace is located in a residential enclave of Baltimore City directly across from Druid Hill Park, one of the city’s largest and most historic green spaces and home to the Maryland Zoo. The property also sits adjacent to the established Bolton Hill and Mount Vernon neighborhoods, offering proximity to architecturally significant housing and stable residential communities. Immediate access to expansive parkland, trails, and recreational amenities provides a unique lifestyle component within the city.
The property is within walking distance of the Metro SubwayLink station, providing direct access to Downtown Baltimore, Penn Station (Amtrak/MARC), and the Johns Hopkins Medical Campus, Baltimore’s largest employer. Carver Vocational-Technical High School, one of the city’s top-performing public high schools, is located just a few blocks away, while Coppin State University (2,000+ students; 1,000+ employees) serves as a major nearby institutional anchor. The Shake & Bake Family Fun Center further enhances the neighborhood with year-round recreational programming and community events.
A couple minutes away from the property, Mondawmin Mall is being redeveloped into a mixed-use community hub with medical services, workforce training, and new office users. A planned $290 million revitalization of Druid Hill Park and the recently delivered $42.8 million Coppin State University College of Business further underscore the scale of public and institutional investment occurring in the immediate area.
Residents have impeccable access to Baltimore’s downtown amenities. From the CityLink bus and a metro stop within blocks of the property, downtown Baltimore’s shopping, entertainment, and dining options are only a handful of stops away. With this access, University of Maryland Baltimore’s campus and University of Maryland Medical Center (home to over 9,000 employees and 6,000 students) and all major employers are accessible from the property.
NEIGHBORING DEVELOPMENTS:
$25M REDEVELOPMENT: THE VILLAGE AT MONDAWIN
0.6 MI. AWAY, DIRECTLY ACCESSIBLE VIA METRO
Within less than a 5-minute drive or 10-minute walk of the property, a major redevelopment of the former Target space at the Mondawmin Mall began in December 2022. The building has been vacant since 2018 and has since been demolished and will be transformed into a community center.
The center will include a 13,000-square-foot Program of All-Inclusive Care for the Elderly (PACE) senior medical and social services center, workforce training, a call center, and an expansion of the nonprofit TouchPoint Empowerment Center, a collection of nonprofit groups founded in 2016. Whiting-Turner will also occupy office space at the hub.
In 2024, CareFirst BlueCross BlueShield signed a 20,000 square foot lease at the upcoming The Village at Mondawmin facility to host workforce development training, employee offices and community engagement initiatives.
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