1130 Light Street 1130 Light St Immeuble residentiel 6 lots 1 146 880 € (191 147 €/Lot) 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.