1130 Light St - Apartments FOR SALE


Baltimore, MD 21230- Riverside
$1,325,000 USD
443-523-6865
1130 Light St, Baltimore, MD for Sale
$1,325,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

1130 Light St
Baltimore, MD 21230
Riverside


HIGHLIGHTS

  • Opportunity to Acquire a Fully Occupied Mixed-Use Asset in Federal Hill
  • Ability to Create Value and Increase Rents Via a Renovation Program
  • Excellent Location in Federal Hill with Easy Access to Downtown and I-95

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$201 USD /SF

# OF UNITS

6

PRICE/UNIT

$220,833

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1130 Light Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,300 SF

ZONING

B2

APN/PARCEL ID

23-04-0950-013

ASK ABOUT THIS PROPERTY

Brooks HealyHarbor Stone AdvisorsMore Info
443-523-6865

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Brooks HealyHarbor Stone AdvisorsMore Info
443-523-6865

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.