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Listed by Will Cannon • Ben Frederick Realty, Inc.

$1,350,000

Est. payment - /mo

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0.28 Acres Lot

Active

2318-2324 N CHARLES ST Baltimore, MD 21218

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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

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

Rare opportunity to acquire a 20-unit mixed-use portfolio along North Charles Street in Old Goucher. Comprised of four connected buildings with approximately 82 feet of frontage, the property includes 5 commercial spaces, 14 licensed apartments, and 1 unlicensed carriage house apartment with attached garage.

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

NEARBY SCHOOL & BUSINESS

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2318-2324 N CHARLES ST Baltimore, MD 21218

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Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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2318-2324 N CHARLES ST