11-Unit Mixed-Use
New
For Sale
$675,000
2119 N CHARLES ST, Baltimore, MD 21218
The property combines residential apartments with individually leased commercial suites.
Property Size4,400 SF
Price / SF$153.41
Days on Market4
Property Features for 2119 N CHARLES ST
General Information
Standard status
Active
Size
4,400 SF
Property subtype
Commercial
Site & Location
Neighborhood
Charles North
Mixed-Use Components
residential, commercial
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Corner House Realty
(443) 499-3839
Listed By:
Emily Frances Yount · License #RSR006044
(443) 480-5363
Source:
Cummingsrealtors
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 28 at 3:23PM
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 Corner House Realty
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Investment Insights
Based on property information with market context.
At 2119 N Charles St, this mixed-use building contains 4,400 square feet across 11 units: two residential apartments and nine individual commercial suites. The apartments are occupied, and the suites are arranged for weekly lease payments; two suites are vacant.
Built in 1900, the property is in Baltimore’s Art District near Charles Village.
Built in 1900, the property is in Baltimore’s Art District near Charles Village.
Key Highlights
- 11 units: 2 residential apartments and 9 individual commercial suites
- 4,400‑square‑foot building constructed in 1900
- Apartments are occupied; 2 commercial suites are vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,080
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,161,600
$1.2M
Cap Rate 7%
$829,714
$829.7K
Cap Rate 9%
$645,333
$645.3K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$105.6K $24.00/SF
− Vacancy
−$12.7K −$2.88/SF
EGI
$92.9K $21.12/SF
− OpEx
−$34.8K −$7.92/SF
NOI
$58.1K $13.20/SF
Area
ZIP 21218
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,161,600
Cap Rate 7%
$829,714
Cap Rate 9%
$645,333
Alternative Uses
Best Use
Mixed Use
$829.7K
$726.0K – $968.0K
NOI $58,080 @ 7.0% cap · market cap 8.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,741 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,859
Businesses Nearby
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Business Placement
Demographics for 21218, MD
46,238
Population
21,751
Households
2.1
Avg Household Size
34
Median Age
44%
College-Educated
90%
High-School Grad
4.3 sq mi
ZIP Area
10,753
Density / Sq Mi
$58,378
Median Household Income
$38,316
Median Earnings
$1,239
Median Rent
$229,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines residential apartments with individually leased commercial suites.
Where is this mixed-use property located?
The property is located at 2119 N CHARLES ST Baltimore, MD.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 11 units: 2 residential apartments and 9 individual commercial suites; 4,400‑square‑foot building constructed in 1900; Apartments are occupied; 2 commercial suites are vacant
