Harbor Stone Advisors is excited to announce the exclusive listing of The R.E.D. Townhome Portfolio, a value-add multifamily investment opportunity located in Northwest Baltimore City. Comprising 200 units across three townhome communities, the portfolio represents an exceptional chance for investors to reposition a high-potential asset in one of Baltimore’s most accessible locations.
Property Overview
The R.E.D. Townhome Portfolio consists of a diverse mix of unit types:
• (19) 1 Bedroom-1 Bathroom apartments
• (169) 2 Bedroom-1 Bathroom townhomes
• (11) 3 Bedroom-1 Bathroom townhomes
• (1) leasing office
These units feature quality base finishes, including white appliances, laminate countertops, wood cabinetry, and a mix of LVT, vinyl, and laminate flooring. Each community benefits from surface parking facilities, adding convenience for residents.
Value-Add Potential with Strong Upside in Rents
The R.E.D. Townhome Portfolio offers a tremendous opportunity to enhance rental income and asset value through both strategic renovations and operational improvements. The suggested upgrade scope includes stainless steel appliances, resurfaced countertops, LVT flooring, and in-unit washer/dryers, aligning with market demand for higher-end rental finishes. Comparable properties in the area currently command rents averaging $350 higher than those at The R.E.D., highlighting the substantial income growth potential for a new owner.
Additional value-add opportunities include:
• Leasing to more voucher tenants to achieve stable, higher rent income
• Converting the leasing office into a rentable unit
• Streamlining operations and normalizing expenses to increase net operating income
To date, proactive property improvements include electric line upgrades in 26 units at Dolfield Townhomes and the installation of web-enabled CCTV systems at both Dolfield and Rosalind Townhomes, ensuring added security and operational efficiency.
Prime Location in Northwest Baltimore
The R.E.D. Townhome Portfolio benefits from its convenient proximity to major highways, public transportation options, and notable employers and institutions, including Sinai Hospital, Baltimore City Community College, the University of Maryland Rehabilitation and Orthopaedic Institute, and the U.S. Social Security Administration. Downtown Baltimore and Inner Harbor are both easily accessible, providing residents with an appealing mix of city amenities and suburban comfort.
Investment Summary
• Listing Price: $13,850,000
• # of Units: 200
• Price/Unit: $69250
• Cap Rate: 7.72%
• Average Rent: $934
• Lead Status: Lead Free
This unique portfolio provides investors with an opportunity to acquire a stabilized asset in a growing market with significant upside potential. With competitive pricing and a range of value-add strategies available, The R.E.D. Townhome Portfolio is poised to deliver strong returns for the right buyer.
For more information on this exclusive listing, please visit: https://platform.reverecre.com/project/816971b6- 9de3-4785-9f04-6bef46c011eb
To schedule a tour, please contact Harbor Stone Advisors
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.
