Liberty Springs

Liberty Springs is located in Dundalk, a well-established Baltimore County community with convenient access to major employment centers, shopping, dining, recreation, and everyday services. The property is in close proximity to CCBC Dundalk, Dundalk High School, and Dundalk Middle School. Liberty Springs is also conveniently located near Johns Hopkins Bayview Medical Center, providing residents access to major educational and healthcare anchors. The property offers convenient access to major regional transportation routes, including I-695, I-95, and I-895, connecting residents to Downtown Baltimore, the Port of Baltimore, Tradepoint Atlantic, and the surrounding Baltimore metropolitan area. Residents also benefit from access to CityLink Navy bus service, which connects Dundalk with Johns Hopkins Bayview, Downtown Baltimore, and the Mondawmin Metro Station. Nearby, Tradepoint Atlantic has transformed the former Bethlehem Steel property into a 3,300-acre logistics, manufacturing, and maritime employment center. According to the Maryland Transit Administration, the development has created approximately 15,000 full-time jobs, with another 5,000 expected at full buildout. Its diverse tenant base includes Amazon, Home Depot, McCormick, Under Armour, FedEx Ground, BMW, Volkswagen, Floor & Decor, Niagara Bottling, Intralox, and other national companies. Tradepoint Atlantic entered another major phase of development in 2026 with the groundbreaking of the $1.2 billion Sparrows Point Container Terminal. Scheduled for completion around 2030, the 168-acre terminal and on-dock rail facility is expected to increase the Port of Baltimore’s container-handling capacity by approximately 70%. The project is expected to support approximately 1,100 permanent union jobs and an additional 7,000 indirect jobs. Liberty Springs is also surrounded by a variety of retail, dining, fitness, and everyday services. The nearby retail corridor features Giant Food, ALDI, Ollie’s Bargain Outlet, Planet Fitness, PetSmart, Walgreens Pharmacy, Dollar Tree , Walmart, and Weis Market. Nearby dining options include Chili’s Grill & Bar, Texas Roadhouse, and more. Residents also have convenient access to Jimmy’s Famous Seafood, a longstanding Baltimore-area dining destination.Harbor Stone Advisors is pleased to present Liberty Springs Apartments, a unique middle-market investment opportunity located in Dundalk, MD. The property consists of (152) 1 Br-1 Ba apartments, and there are laundry facilities on-site as well as surface parking. Current ownership has completed more than $2,000,000 in capital improvements over the last few years including roof, gutter, and downspout replacements, 40 unit renovations, and converted a 2 Br-1 Ba unit into two 1 Br-1 Ba units. Between 2016 and 2017, prior ownership completed a comprehensive gut renovation across all units, with 63 units (Orioles floorplan) receiving a premium finish that includes stainless steel appliances, granite countertops, modern cabinetry, and hardwood/tile flooring. An incoming investor has immediate avenues to drive revenue: installing washer/dryers in 58 of those premium units will capture up to $200 monthly rental premiums. Furthermore, current ownership has already renovated 40 units (Ravens floorplan), leaving a clear path to finish the remaining 49 units. With nearby comparable properties achieving rents at least 18% higher than the Subject, a new owner is perfectly positioned to complete the modernization program and realize significant mark-to-market rent growth. There is also an ability to create 44 2 Br-2 Ba units on the Ravens floorplan units. Each entrance has two units (one on the top floor and one on the bottom), and a new owner can create townhome-style units which could achieve rents up to $2,200 via voucher.