Baltimore, MD – Harbor Stone Advisors is pleased to present the exclusive offering of Howard Row, a 58-unit mixed-use property located at 407–417 N Howard Street Baltimore, Maryland 21201. This premier, gut-renovated investment opportunity offers the chance to acquire 52 luxury residential units and 6 highly versatile commercial spaces in the heart of Downtown Baltimore. The experienced investment sales team at Harbor Stone Advisors, President Justin Verner, Director Brooks Healy, Senior Advisor Tom Wohlgemuth, and Advisor Kevin Landolphi, will be representing this opportunity.
Originally constructed in 1920 and comprehensively renovated in 2019, Howard Row features a diverse mix of (26) Studio units, (14) 1 Br–1 Ba units, (9) 2 Br–1 Ba units, and (3) 2 Br–2 Ba units. Typical apartment finishes include black/stainless steel appliance packages, granite countertops, wood cabinetry, LVP flooring, in-unit washer/dryers, and luxury fixtures throughout. The property’s six street-level commercial spaces provide flexible layouts suitable for retail, office, or service-based tenants. The full-scale renovation ensured all services and updates are modern and up-to-date, minimizing deferred maintenance and reducing future capital expenditure requirements. Current ownership has successfully stabilized the asset, maintaining strong occupancy and leveraging its Historic CHAP Tax Credit to further enhance operating efficiency. A new owner can focus on organic rent growth by optimizing market rates and pursuing strategic leasing of the three remaining vacant commercial spaces, while also capitalizing on potential income from four storage areas currently used by ownership.
Howard Row is located in Downtown Baltimore’s thriving Central Business District, less than a 10-minute walk from major employers, transportation, and cultural landmarks. The property sits directly across from the Metro West Complex, which will house approximately 2,500 Maryland Department of Health employees by late 2025. In addition, Mercy Medical Center (4,000+ employees), the University of Maryland Medical Center (9,000+ employees), and the University of Maryland Baltimore campus (8,000 employees and 7,000 students) are within walking distance. Nearby universities include the University of Baltimore, Maryland Institute College of Art (MICA), and Johns Hopkins University, which collectively enroll tens of thousands of students. Residents enjoy proximity to the recently renovated Lexington Market, CFG Bank Arena, the Walters Art Museum, Peabody Institute, and the Hippodrome Theatre. Downtown Baltimore continues to benefit from more than $1.8 billion in active developments and over $3 billion in planned projects, including the $900 million Harborplace redevelopment and the 235- acre Baltimore Peninsula project. Transportation access is unmatched. With a Walk Score of 97 and Transit Score of 100, the property is just minutes from the Charm City Circulator, Light Rail, Metro SubwayLink, Penn Station, and Camden Station.
About Harbor Stone Advisors
Harbor Stone Advisors specializes in middle-market multifamily investment sales throughout the Mid-Atlantic. Advisory services include value opinions, asset dispositions and marketability analysis for private clients, owners, investors and financial organizations. For additional information, visit: www.harborstoneadvisors.com