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sales rep | Brivity IDX

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2318 N Charles St , Baltimore, MD 21218
$1,350,000
Est. Payment: $7,185.27/mo
17 Bed
19518 Sqft
0.28 Acres
Status: pending | Days on site: 60
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BFRI1 - 3059590
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House 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.

Highlights

Listed by Thomas H Fair , 4102355200 Ben Frederick Realty, Inc. , 4102359500. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.28

Year Built

1900

County

Baltimore City

Neighborhood

Old Goucher

School District

Baltimore City Public Schools

Listing ID

MDBA2218406

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:17
Above Ground Sq Ft:19518
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Lot Dimensions:18' x 150';36' x 150';27'6" x 150
Garage Capacity:6
Zoning:Licensed for 14 dwelling units with permitted commercial use, including restaurants. One unlicensed apartment above garage.
Roof:Rubber
Sewer:Public Sewer
Parking Features:Off Street,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$7,185
Taxes
$2,219

Home Price

$1,350,000

Loan Details

30 yrs
7%

Down Payment

20%
$270,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,185.27

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,185.27 $2,218.92 $0.00 $9,404.18
Yearly $86,223.20 $26,627.00 $0.00 $112,850.20
Total $2,586,696.10 $798,810.00 $0.00 $3,385,506.10
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Baltimore, MD).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T01:13:51.000Z

© 2026 Bright MLS