Three-Bedroom Residential
3507 N CHARLES STREET Unit 304, Baltimore, MD 21218
For Sale
$229,000
A 1916 Georgian Colonial condo features oak floors, an original butler’s pantry, and lower-level storage.
Property Size1,300 SF
Price / SF$176.15
Days on Market211
Property Features for 3507 N CHARLES STREET Unit 304
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
window air conditioning
laundry room
extra storage
ornamental fireplace
original butlers pantry
Building Details
Building Size
Year Built
Construction
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Lisa Weitzel · License MD #30010
(410) 382-3821
Source:
Genedru
Added: Apr 15
Changed: Nov 2
Last Checked: Nov 10 at 8:15AM
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 Long & Foster Real Estate, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,300-square-foot condo occupies the third floor of The Carlton, a 1916 Georgian Colonial building. The three-bedroom, one-bath residence has oak floors, high ceilings, an ornamental fireplace, and a renovated kitchen with granite countertops alongside an original butler’s pantry. Window air-conditioning units provide seasonal cooling. Heat and water are included in the condo fee, and the building has a laundry room and additional lower-level storage.
The property is near Johns Hopkins University and within reach of Charles Village shops, dining, and green spaces.
The property is near Johns Hopkins University and within reach of Charles Village shops, dining, and green spaces.
Key Highlights
- 1,300‑square‑foot, three‑bedroom, one‑bath condo
- Third‑floor residence in The Carlton, a 1916 Georgian Colonial building
- Renovated kitchen with granite countertops and original butler’s pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,082
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,640
$301.6K
Cap Rate 7%
$215,457
$215.5K
Cap Rate 9%
$167,578
$167.6K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$29.3K $22.56/SF
− Vacancy
−$1.9K −$1.47/SF
EGI
$27.4K $21.09/SF
− OpEx
−$12.3K −$9.49/SF
NOI
$15.1K $11.60/SF
Area
ZIP 21218
Vacancy
6.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,640
Cap Rate 7%
$215,457
Cap Rate 9%
$167,578
Alternative Uses
Best Use
Apartment 5plus
$215.5K
$188.5K – $251.4K
NOI $15,082 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$353.5K
$309.3K – $412.4K
NOI $24,742 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,335
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
$229,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Residential income properties in Baltimore, MD
Properties on Market for Residential income properties in Baltimore
Frequently Asked Questions
What type of property is this?
Residential income property - A 1916 Georgian Colonial condo features oak floors, an original butler’s pantry, and lower-level storage.
Where is this residential income property located?
The property is located at 3507 N CHARLES STREET Unit 304 Baltimore, MD.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 1,300‑square‑foot, three‑bedroom, one‑bath condo; Third‑floor residence in The Carlton, a 1916 Georgian Colonial building; Renovated kitchen with granite countertops and original butler’s pantry
