PROS: The location is great as you can walk to Little Italy, downtown, the harbor, etc. The main part of Little Italy is two blocks away. Also great that this place allows dogs. There were many people with dogs when we stayed, including ourselves. It was pretty quiet at night. Good amenities in the kitchen - coffee/coffee maker, plates, utensils, cookware, fridge/freezer, etc.
CONS: The unit is quite small - once you put down the murphy bed, you have to literally walk over it to get into the closet/bathroom area. If the bed is down, it makes the room feel even smaller. As others have said, it is smaller than how it appears in the photos. I thought it was cramped for two people. If you're not planning on being in the room much, it would probably be fine but it's best for solo travelers. Also, there is no AC so if you're going during the hotter months (which is many of the months out of the year here), keep that in mind. I found it difficult to sleep even with the fans provided (one of the two was broken). If you're a hot sleeper, I would strongly reconsider staying here, unless it's during the cooler months. The unit we stayed in did not have a patio as described, so if you care about that, check beforehand. The microwave was broken, which was OK as we weren't going to use it that much. Also the water heater was broken.