Franklin Court Apartments 500 W Franklin St 29 Unit Apartment Building $6,549,965 CAD ($225,861 CAD/Unit) Baltimore, MD 21201

29 Apartments and 7 Stores known as “Franklin Court” is 1/2 mile north of University of Maryland, 1/2 mile south of State Center (26-acre and $1.5 billion new development), and across the Street from Metro West (1.1 million sq. ft. of office space on 11-acres) which is being redeveloped. Franklin Court contains a security-gate protected rear entrance that brings the residents into a landscaped courtyard with benches, gardens, and mature shade trees. Franklin Court backs up to the historic 4.75 acre Seton Hill Park.
Franklin Court is a value-add opportunity to own a well-located quality property with good systems and structures that is 100% occupied as of 9/4/26. The rents are below market rates. Franklin Court underwent a complete historic renovation in 1985. At that time, all new plumbing, electric, heat and air conditioning was installed in this property. Half of the apartments are two-stories, some with spiral staircases, loft overlooks, vaulted ceilings, and atriums. All of the apartments feature interiors with drywall and wood frame windows (some new, some restored-original). Living areas typically have wall-to-wall carpet over plywood floors, with vinyl tile in the kitchens and ceramic tile floors and tub enclosures in the bathrooms. Kitchens typically have European style cabinets with granite counters. The apartments are all-electric with electric range, dishwasher, electric heat pump with central air conditioning and electric water heater. Each apartment has 100-, 125-, or 150-amp electric service.
There is a 3,030 sq.ft. enclosed parking garage with a security entrance gate. The 7 stores total 4,400 sq.ft. of retail space. The 29 apartments are contained in 20,770 sq.ft. of gross building area. The total building is 28,200 sq.ft. The 0.40 acre lot measures 173’6? frontage on West Franklin Street and 100' deep along North Paca Street.