Bretton Terrace

Bretton Terrace is located in the heart of the Waverly neighborhood of Baltimore City, a diverse and energetic community best known for its strong local character and walkable amenities. Just minutes from Johns Hopkins University’s Homewood campus, Waverly offers residents a central location with a neighborhood feel. The subject property is close to major institutions including Johns Hopkins University, Baltimore’s largest employer with more than 18,000 employees and 30,000 students, as well as MedStar Union Memorial Hospital, one of the city’s leading healthcare centers employing over 2,500 people. Nearby higher-education anchors also include Loyola University Maryland, University of Baltimore, and the Maryland Institute College of Art (MICA). Plentiful recreational amenities exist nearby, with Wyman Park and the nearby Lake Montebello providing scenic green space and outdoor trails. Slightly farther from the property is Druid Hill Park, a 745-acre urban park which hosts the Maryland Zoo. Nearby, the Waverly Main Street corridor offers a growing mix of restaurants, cafes, and local retailers, complemented by grocery options including a Giant Food and the year-round 32nd street Farmer’s Market. Waverly’s location places it within easy reach of neighboring communities such as Charles Village, Hampden, and Remington, each known for their dining, arts, and nightlife scenes. Popular destinations, such as R. House that is modern food hall and The Rotunda that has shops, restaurants, and movie theater, are just a short drive away. Residents also benefit from excellent transportation access. The neighborhood is minutes from I-83 and Penn Station. While Amtrak recently ended its partnership with the private developer originally selected for the station’s broader redevelopment, the rail company has stated that it remains committed to advancing improvements at Penn Station and is currently coordinating with the Federal Railroad Administration on a phased renovation strategy. Penn Station offers convenient access to public transportation, with access to Amtrak trains and the MARC commuter train to Washington, D.C. The Johns Hopkins University shuttle also serves the area, further enhancing connectivity.Harbor Stone Advisors and Alex Cooper Auctioneers are pleased to present Bretton Terrace, a mid-sized multifamily asset located in the Waverly neighborhood of Baltimore City. The property is conveniently situated less than a mile from two of Baltimore City's top employers: MedStar Union Memorial Hospital and The Johns Hopkins University. Bretton Terrace features 26 apartments with a mix of (8) 1 Br-1 Ba, (9) 2 Br-1 Ba, and (9) 3 Br-1 Ba units. Typical unit features consist of white appliances, hard surface countertops, wood cabinets, and hardwood/tile flooring. There are also 15 surface parking spaces on-site, as well as 5 one car garages. The opportunity exists for a new owner to organically increase rents at Bretton Terrace.