2318-2324 N CHARLES ST Baltimore, MD 21218
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Pending
Purchase Type For Sale
Subdivision Old Goucher
MLS Listing ID MDBA2218422
Year Built 1900
Annual Tax Amount $26,627
Tax Year 2025
Lot Size 0.281 Acres
Acres 0.28
Lot Dimensions 18' x 150';36' x 150';27'6\" x 150
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
The asset has been under the same ownership for approximately 50 years with limited capital improvements, resulting in deferred maintenance and below-market residential rents. Investors may pursue multiple value-creation strategies, including bringing existing apartments to market rents, renovating units over time, re-tenanting commercial spaces, or undertaking more significant property improvements.
80% of the commercial tenants have occupied the property for more than 20 years, providing established tenancy along one of Baltimore's primary commercial corridors. Residential units consist primarily of one-bedroom apartments with additional two-bedroom and one-bedroom-with-den layouts.
Located in Old Goucher, this value-add opportunity benefits from proximity to Charles Village, Station North, Remington, and Mount Vernon. North Charles Street provides direct connectivity from Towson through Baltimore City and into South Baltimore, supporting both residential and commercial demand.
Offered at $67,500 per unit and $69 per square foot, the property is positioned for an investor willing to take on deferred maintenance in exchange for scale, frontage, and upside. The existing configuration supports a value-add approach through rent growth and phased renovations, while the large footprint along North Charles Street may also appeal to buyers considering a more comprehensive redevelopment strategy over time.
Location
State MD
County Baltimore City
Zoning C-1
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Inclusions 15 gas ranges of varying sizes; 15 refrigerators of varying sizes.
Heat Source Natural Gas
Exterior
Garage Spaces 6.0
Water Access N
Roof Type Rubber
Accessibility None
Total Parking Spaces 6
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0312063623 027
Ownership Fee Simple
Special Listing Condition Standard
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Sales Director, Realtor | License ID: MD: 662897 / PA: RSR005460
+1(410) 905-6678 | mike@mykeyhometeam.com