Mixed-Use Apartment and Retail
For Sale
$1,350,000
2318 N Charles Street, Baltimore, MD 21218
Four connected buildings with retail spaces and apartments, offering frontage and room for phased improvements.
Property Size19,518 SF
Price / SF$69.17
Days on Market61
Property Features for 2318 N Charles Street
General Information
Standard status
Active
Size
19,518 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
15
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Ben Frederick Realty, Inc.
(410) 916-3331
Listed By:
Will Cannon · License #649854
(410) 916-3331
Source:
Xome
Added: May 31
Changed: Jul 10
Last Checked: Jul 30 at 3:28AM
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 Ben Frederick Realty, Inc.
Investment Insights
Based on property information with market context.
A rare mixed-use portfolio for sale consisting of four connected buildings featuring 5 commercial spaces, 14 licensed apartments, and 1 additional unlicensed carriage house apartment with an attached garage. The residential mix is primarily one-bedroom units, with additional two-bedroom and one-bedroom-with-den layouts. The property has been under the same ownership for approximately 50 years with limited capital improvements, contributing to deferred maintenance and below-market residential rents.
The buildings total approximately 82 feet of frontage along North Charles Street in Old Goucher, providing street presence within a commercially active corridor. North Charles Street offers direct connectivity from Towson through Baltimore City into South Baltimore. The area is positioned near Charles Village, Station North, Remington, and Mount Vernon. The commercial tenancy includes longstanding occupants, with 80% of commercial tenants reported as occupying the property for more than 20 years.
This configuration is best suited to investors seeking scale in a mixed-use setting and willing to address deferred maintenance. The existing setup supports a value-add approach through bringing residential units toward market rents, renovating units over time, and re-leasing available commercial spaces. Over the long term, the large footprint with street frontage may also appeal to buyers considering more comprehensive property improvements.
The buildings total approximately 82 feet of frontage along North Charles Street in Old Goucher, providing street presence within a commercially active corridor. North Charles Street offers direct connectivity from Towson through Baltimore City into South Baltimore. The area is positioned near Charles Village, Station North, Remington, and Mount Vernon. The commercial tenancy includes longstanding occupants, with 80% of commercial tenants reported as occupying the property for more than 20 years.
This configuration is best suited to investors seeking scale in a mixed-use setting and willing to address deferred maintenance. The existing setup supports a value-add approach through bringing residential units toward market rents, renovating units over time, and re-leasing available commercial spaces. Over the long term, the large footprint with street frontage may also appeal to buyers considering more comprehensive property improvements.
Key Highlights
- 20‑unit mixed‑use portfolio in 4 connected buildings on North Charles Street in Old Goucher
- Includes 5 commercial spaces plus 14 licensed apartments and 1 unlicensed carriage house apartment with attached garage
- Approximately 82 ft of frontage; configured to support phased rent growth and unit renovations over time
Property Analytics
Property Profile
Current Use
Lease Details
15
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,790
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Four connected buildings with retail spaces and apartments, offering frontage and room for phased improvements.
Where is this apartment building located?
The property is located at 2318 N Charles Street Baltimore, MD.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 20‑unit mixed‑use portfolio in 4 connected buildings on North Charles Street in Old Goucher; Includes 5 commercial spaces plus 14 licensed apartments and 1 unlicensed carriage house apartment with attached garage; Approximately 82 ft of frontage; configured to support phased rent growth and unit renovations over time
