Residential Income Property with
New
For Sale
$395,000
3704 N CHARLES STREET Unit 306, Baltimore, MD 21218
A two-bedroom residence combines private outdoor space with building amenities, including doorman service, a pool, and an exercise room.
Property Size1,630 SF
Price / SF$242.33
Days on Market6
Property Features for 3704 N CHARLES STREET Unit 306
General Information
Standard status
Active
Size
1,630 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,770
Amenities
in-unit laundry
doorman service
pool
exercise room
Building Details
Building Size
1,630 SF
Year Built
1989
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
Listed By:
Jake Boone · License #55582
(410) 917-2129
Source:
Thehulsmangroup
Added: Oct 7
Changed: Oct 11
Last Checked: Oct 11 at 2:26PM
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 Berkshire Hathaway HomeServices Homesale Realty
Investment Insights
Based on property information with market context.
This 1,630-square-foot residence at The St. James has two bedrooms, 2.5 bathrooms, generous living and dining areas, and a balcony with treetop views. The kitchen includes ample cabinetry and counter space, updated finishes, and an eat-in area. Both bedrooms have en suite bathrooms and closet space; additional features include in-unit laundry and a hall powder room. The building was constructed in 1989.
Residents have access to elevator service, a professionally managed and secured building, a lobby, doorman service, a community pool, and an exercise room. The residence also includes two designated parking spaces.
Residents have access to elevator service, a professionally managed and secured building, a lobby, doorman service, a community pool, and an exercise room. The residence also includes two designated parking spaces.
Key Highlights
- Two bedrooms and 2.5 bathrooms across approximately 1,630 square feet
- Private balcony with treetop views
- Two designated parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,910
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,200
$378.2K
Cap Rate 7%
$270,143
$270.1K
Cap Rate 9%
$210,111
$210.1K
Market Conditions
NOI Build-Up for 1,630 SF
Gross rent
$36.8K $22.56/SF
− Vacancy
−$2.4K −$1.47/SF
EGI
$34.4K $21.09/SF
− OpEx
−$15.5K −$9.49/SF
NOI
$18.9K $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%
$378,200
Cap Rate 7%
$270,143
Cap Rate 9%
$210,111
Alternative Uses
Best Use
Apartment 5plus
$270.1K
$236.4K – $315.2K
NOI $18,910 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$443.2K
$387.8K – $517.0K
NOI $31,022 @ 7.0% cap · market cap 7.85%
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
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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?
Residential income property - A two-bedroom residence combines private outdoor space with building amenities, including doorman service, a pool, and an exercise room.
Where is this residential income property located?
The property is located at 3704 N CHARLES STREET Unit 306 Baltimore, MD.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two bedrooms and 2.5 bathrooms across approximately 1,630 square feet; Private balcony with treetop views; Two designated parking spaces
