Mixed-Use Retail and
1003 S Charles Baltimore, MD 21230
1003 S Charles, Baltimore, MD, 21230
$405,000
For Sale
$405,000
Two-unit mixed-use property with retail space and a 2-bedroom apartment, with dedicated entry and natural light.
Property Size1,204 SF
Price / SF$336.38
Days on Market30
Property Features for 1003 S Charles
General Information
- Standard status
- Active
- Size
- 1,204 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1900
Listing agency
Brexton Commerical, LLC
(410) 999-1738
Listed by
Rajbir Randhawa
(410) 999-1738
Source
Xome
Added: Jun 23 Updated: Jul 21 at 8:35PM Checked: Jul 21 at 8:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brexton Commerical, LLC
Investment Insights
Based on property information with market context.
1003 S Charles Street is a two-unit mixed-use property offering retail space plus an apartment. The retail area has an efficient layout with an open floor plan and a private rear area that includes a restroom, with additional office potential. The unit also includes a dedicated entry and ample natural light, along with a functional back-of-house area designed for day-to-day operations. The former use was a tobacco store.
The apartment configuration is a 2 bedroom, 1 bathroom layout with a den and in-house washer/dryer. Bedroom 1 is shown with French doors, and bedroom 2 is shown as a loft on the third floor. The building is fully vacant and can be delivered vacant for an owner-user.
Lease activity is noted as pending for the retail portion, and the property is also described as having been last rented at stated prior amounts. The apartment has a separate rental history as well, with delivery described as vacant for owner-user.
The apartment configuration is a 2 bedroom, 1 bathroom layout with a den and in-house washer/dryer. Bedroom 1 is shown with French doors, and bedroom 2 is shown as a loft on the third floor. The building is fully vacant and can be delivered vacant for an owner-user.
Lease activity is noted as pending for the retail portion, and the property is also described as having been last rented at stated prior amounts. The apartment has a separate rental history as well, with delivery described as vacant for owner-user.
Key Highlights
- 2‑unit mixed‑use property with retail space plus a 2BR/1BA apartment with den
- Retail unit includes an open floor plan, dedicated entry, private rear area with restroom, and back‑of‑house space
- Apartment layout: 2BR/1BA + den with in‑house washer/dryer; bedroom 2 shown as a loft on the 3rd floor
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.7k | $22.20 |
| − Vacancy | −$1.5k | −$1.22 |
| EGI | $25.3k | $20.98 |
| − OpEx | −$7.6k | −$6.29 |
| NOI | $17.7k | $14.69 |
1,204 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$252.6K
$221.0K – $294.7K
NOI $17,681 @ 7.0% cap · market cap 4.37%
Second Best
Retail
$243.4K
$213.0K – $284.0K
NOI $17,041 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$288.4K
$252.4K – $336.5K
NOI $20,191 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Two-unit mixed-use property with retail space and a 2-bedroom apartment, with dedicated entry and natural light.
Where is this mixed-use property located?
The property is located at 1003 S Charles Baltimore, MD.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: 2‑unit mixed‑use property with retail space plus a 2BR/1BA apartment with den; Retail unit includes an open floor plan, dedicated entry, private rear area with restroom, and back‑of‑house space; Apartment layout: 2BR/1BA + den with in‑house washer/dryer; bedroom 2 shown as a loft on the 3rd floor
