Corner Residential Income
For Sale
$425,000
3704 CHARLES STREET N Unit 805, Baltimore, MD 21218
The residence includes a study, private terrace, and dedicated laundry room.
Property Size1,760 SF
Days on Market8
Property Features for 3704 CHARLES STREET N Unit 805
General Information
Standard status
Active
Size
1,760 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2.5BA + study
Multifamily Units
1
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$20,888
Amenities
24-hour security
doormen
front desk
concierge
valet parking
pool
fitness center
resident lounge
Building Details
Building Size
1,760 SF
Year Built
1989
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Harriet S Charkatz · License #40326
(410) 598-1325
Source:
Thehulsmangroup
Added: Oct 5
Changed: Oct 8
Last Checked: Oct 11 at 11:05AM
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.
Investment Insights
Based on property information with market context.
This corner residence offers 2 bedrooms, 2.5 bathrooms, and a study, with spacious rooms and an eat-in kitchen. A private terrace, in-unit laundry room, and storage unit add to the interior and outdoor amenities. The property was built in 1989.
The unit includes two parking spaces: one in the garage and one outside. Building amenities include 24-hour security, doormen, a front desk, concierge service, valet parking, a pool, fitness center, resident lounge, and elevator.
The unit includes two parking spaces: one in the garage and one outside. Building amenities include 24-hour security, doormen, a front desk, concierge service, valet parking, a pool, fitness center, resident lounge, and elevator.
Key Highlights
- Corner unit with 2 BR, 2.5BA, and a study
- Eat‑in kitchen, in‑unit laundry room, and private terrace
- Two parking spaces: one in the garage and one outside
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,419
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,380
$408.4K
Cap Rate 7%
$291,700
$291.7K
Cap Rate 9%
$226,878
$226.9K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$39.7K $22.56/SF
− Vacancy
−$2.6K −$1.47/SF
EGI
$37.1K $21.09/SF
− OpEx
−$16.7K −$9.49/SF
NOI
$20.4K $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%
$408,380
Cap Rate 7%
$291,700
Cap Rate 9%
$226,878
Alternative Uses
Best Use
Apartment 5plus
$291.7K
$255.2K – $340.3K
NOI $20,419 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$478.5K
$418.7K – $558.3K
NOI $33,496 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,075
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes a study, private terrace, and dedicated laundry room.
Where is this residential income property located?
The property is located at 3704 CHARLES STREET N Unit 805 Baltimore, MD.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Corner unit with 2 BR, 2.5BA, and a study; Eat‑in kitchen, in‑unit laundry room, and private terrace; Two parking spaces: one in the garage and one outside
