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Property profile & analytics
FOR SALE
Apartment buildings

39 N Court St Westminster, MD 21157

6,276 SF Built 1880
Property ID
US40-Q005792
Property summary
AI-generated overview

Harbor Stone Advisors is pleased to present North Court Apartments, a fully occupied multifamily asset situated in the heart of Westminster, MD. Located in the National Historic District of Downtown Westminster, North Court Apartments offers a unique living experience. Residents enjoy a walkable main street with preserved historic architecture, boutique stores, and excellent dining options. Downtown Westminster also has an active community calendar with annual events and festivals. The property features 6 units with a mix of (1) Studio, (3) 1 Bedrooms, and (2) 2 Bedrooms. Prior ownership completed a comprehensive renovation of the property including unit renovations. Typical unit features consist of stainless steel appliances, wood cabinets, formica countertops, hardwood/tile flooring, and in-unit washer dryers. The current owner refreshed two units, 1 and 5, by adding granite countertops and modern hardware/fixtures. The opportunity exists for a new owner to organically increase rents at North Court Apartments. There is also an ability to monetize parking at the property. Currently, there is a garage on-site that is being used as storage for the property. A new owner can rent out the garage as a parking area for 1-2 cars.

Property profile
Verified
Property type Apartment buildings
Year built 1880
Total area 6,276 SF
UPID US40-Q005792
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Walfred Miller Kelly Law Firm Child Welfare Organization
  • Miller Edward M Law Firm
  • Miller And Miller Law Law Firm
  • Carroll County Mediation Center Alternative Medicine Practice Spiritual Center
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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