University Parkway Apartments: An In-Depth Look
University Parkway Apartments offer a variety of living options in multiple locations. This article delves into two distinct University Parkway apartment complexes, providing a comprehensive overview of their features, amenities, rental rates, and market context. One complex is located in Terrace Heights, Tri-Cities, and the other is located in Baltimore, MD.
University Parkway Apartments in Terrace Heights, Tri-Cities
Overview
Constructed in 2017, the University Parkway apartment building in Terrace Heights (500 University Pkwy, Tri-Cities) is a sizable complex featuring 702 units. The unit mix includes One Bedroom, Studio, Three Bedroom/Two Bath, and Two Bedroom/One Bath apartments, totaling 635,190 SqFt. The complex boasts an ultra-convenient central location, with immediate access to the Freeway, Downtown Yakima, and Pacific Northwest University (PNWU), which is only 200 yards away.
Unit Features and Amenities
The University Parkway Apartments include Studios, One, Two and Three bedroom floor-plans ranging in size from 611 - 1269 sq ft. They are priced from $1,020.00 - $1,715.00 per month.
All units have spacious floor-plans with a number of designer details and conveniences including stackable washer and dryers in each unit, custom "slow-close" cherry wood cabinets and stainless steel appliances. Units also feature covered decks with patios, and on unit storage space. A limited number of private garages & smaller individual storage units are available on site for resident convenience.
The University Parkway Apartment offers great amenities such as an oversized heated swimming pool, a ¼ mile running/walking path, and a 1,500 square foot fitness center & weight room.
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Key Amenities:
- In-Unit Washer & Dryers
- Stainless Steel Appliances
- FAST Fiber-Optic Internet available with speeds up to 1 Gb/s
- Extra Large Floor-Plans
- Large Walk-In Closets
- New Apartment Design, with the cutting-edge Finish Work & Products
- Fitness Center
- On-site Running/Walking Path
- Central Location - Close to Downtown, Freeway, & PNWU University
- "Green" Energy Efficient Units = Low Electricity Costs
- Elevated Decks and Patios w/ Storage
- Community Pool
Premium units include quartz countertops, ultra high, 9+ foot ceiling heights, and luxury 8 foot doors throughout the units.
Rental Rates and Floor Plans
The complex offers a variety of floor plans to suit different needs and budgets.
Floor Plans:
- Studio: 611 sq ft
- Studio Plus (Bedroom): 654 sq ft
- 1-Bedroom, 1-bathroom: 819 sq ft (with 100 sq ft deck)
- 1-Bedroom Premium: 819 sq ft (with 100 sq ft deck)
- 2-Bedroom, 1-bathroom: 1034 sq ft (with 132 sq ft deck)
- 2-Bedroom Premium: 1034 sq ft
- 3-Bedroom, 2-bathroom: 1269 sq ft (with 100 sq ft deck)
- 3-Bedroom Premium: 1269 sq ft
Rental Rates:
- Studio: $1,020.00-$1,100.00
- 1 Bed / 1 Bath: $1,180.00-$1,260.00
- 2 Beds / 1 Bath: $1,395.00-$1,500.00
- 3 Beds / 2 Baths: $1,555.00-$1,715.00
- Storage: Size 15'X29' Garage door remote included
Policies
Each apartment requires a deposit and $200 non-refundable fee for administrative costs and carpet cleaning. Water, Sewer, Garbage included with Rent. Tenant is only responsible for Electricity. No Pets. No Exceptions, unless verified service animal for Tenant. Two valid Police disturbance calls to Tenant dwelling will result in Eviction. Continual Disturbance of the community will NOT be tolerated. One assigned parking Spot comes with each unit. Open parking for all other vehicles.
Market Analysis (Utilizing Yardi Matrix)
Yardi Matrix can provide a comprehensive analysis of the University Parkway multifamily property, including:
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- Sales History: Sale price, price per unit, price per square foot, associated loans, buyers, and sellers.
- Occupancy Data: Performance compared with equivalent properties in the area, operational risks associated with occupancy and vacancy rates.
- Rental Rates: Granular insights on rental rates, comparable properties for rent rate analysis, and market value determination.
University Parkway Apartments in Baltimore, MD (100 & 505 W University Parkway)
Overview
This section focuses on apartments located at 100 West University Parkway and 505 West University Parkway in Baltimore, MD. These buildings offer a different architectural style and set of features compared to the Terrace Heights location.
Building Features
- Classic brick architecture and towering pillars highlight the exterior of the building at 505 West University Parkway.
- Historic building at 100 West University Parkway, beautifully maintained and built in 1926. It retains a wealth of original detailing.
Unit Features
- Spacious rooms
- 9-foot ceilings
- Hardwood floors (at 505 W University Parkway)
- High-speed internet ready
- Cable ready
- Apartments are furnished with a refrigerator and stove / oven.
Rental Information
Pricing will vary. Search available units and apply online.
Floor Plan Models and Units:
- 1 Bedroom: $1,100 - $1,300 Plus Fees, 350 Sq. Ft., 1 Resident, Available Now
- 1 Bathroom: $1,250 - $1,400 Plus Fees, 500 Sq. Ft., 1 Resident, Available Now
- 2 Bathrooms: $2,200 - $2,400 Plus Fees, 1,592 Sq. Ft., 2 Residents, Available Now
- 3 Bathrooms: $3,000 - $3,300 Plus Fees, 1,825 Sq. Ft., 3 Residents, Available Now
*Price shown is total price based on community-supplied monthly required fees. Excludes user-selected optional fees and variable or usage-based fees and required charges due at or prior to move-in or at move-out. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.*Square footage definitions vary. Displayed square footage is approximate.
Fees and Policies
The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified.
One-Time Basics: Security Deposit - Refundable
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Suitability
Convenient For:
- Undergraduates
- Graduate Students
- Faculty/Staff
- International Students
Apartment Amenities
Apartment Description:
- Near Bus Stop
- Laundry Access
- Laundry Room in Community
- Washer/Dryer Hookups
- Washer/Dryer in Unit
- Virtual Tours
- Security
- Dead-Bolt Locks
- Exterior Lighting
- Inside Security Patrol Zone
- Intercom
- Video Surveillance
Nearby Locations
Shopping Centers:
- The Rotunda Walk: 13 min Distance: 0.7 mi
- Green Spring Tower Square Walk: 16 min Distance: 0.8 mi
- Waverly Shopping Center Walk: 15 min Distance: 0.8 mi
Transit / Subway:
- Woodberry Walk: 28 min Distance: 1.5 mi
- Mta Light Rail Division Walk: 37 min Distance: 1.9 mi
- Coldspring Lane Walk: 36 min Distance: 1.9 mi
- Penn Station Walk: 38 min Distance: 2.0 mi
- North Avenue Walk: 38 min Distance: 2.0 mi
- University Of Baltimore/Mount Royal Walk: 42 min Distance: 2.2 mi
- Camden Station Marc Drive: 12 min Distance: 4.3 mi
- West Baltimore Marc Sb Drive: 13 min Distance: 5.0 mi
- Halethorpe Marc Nb Drive: 25 min Distance: 9.6 mi
- Halethorpe Marc Sb Drive: 25 min Distance: 9.6 mi
Airports:
- Baltimore/Washington International Thurgood Marshall Drive: 28 min Distance: 13.9 mi
Colleges and Universities Nearby:
- Johns Hopkins University Walk: 8 min Distance: 0.4 mi
- Notre Dame of Md. Univ. Walk: 28 min Distance: 1.5 mi
- Loyola University Maryland Walk: 29 min Distance: 1.5 mi
- Maryland Inst. College of Art Walk: 41 min Distance: 2.2 mi
Parks and Recreation:
- Maryland Space Grant Consortium Observatory Walk: 11 min Distance: 0.6 mi
- Druid Hill Park Walk: 62 min Distance: 3.2 mi
- Rawlings Conservatory & Botanic Gardens Walk: 47 min Distance: 2.4 mi
- The Maryland Zoo in Baltimore Walk: 58 min Distance: 3.0 mi
- Cylburn Arboretum Walk: 68 min Distance: 3.5 mi
Schools:
- Hampden Elementary/Middle
- Guilford Elementary/Middle
- Waverly Elementary School
- Barclay Elementary/Middle
- Walter P. Carter Elementary School
- Margaret Brent Elementary School
- Medfield Heights Elementary
Walkability and Transit
The area around this property has good transit with many nearby transportation options. The area is also very Bikable. If you enjoy walking, you’ll enjoy renting in this area!
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