Residential Income Property with
For Sale
$295,000
4000 N CHARLES ST #702, Baltimore, MD 21218
BALTIMORE, MD
Property Size1,500 SF
Price / SF$196.67
Days on Market583
Property Features for 4000 N CHARLES ST #702
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 1
Subdivision
HIGHFIELD HOUSE CONDOMINIUM
Elementary school district
BALTIMORE CITY PUBLIC SCHOOLS
Middle school district
BALTIMORE CITY PUBLIC SCHOOLS
High school district
BALTIMORE CITY PUBLIC SCHOOLS
Standard status
Active
Amenities
stack washer/dryer
outdoor pool
Building Details
Year built
1964
Listing Agency:
Lake Roland
(410) 377-2270
Listed By:
Bill Magruder
Added: Mar 18, 2025
Changed: Oct 16
Last Checked: Oct 21 at 2:06PM
MLS# MDBA2157932
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This condominium occupies approximately 1,500 square feet in a 1964 Mies van der Rohe building. The layout can function as either three bedrooms or two bedrooms plus a den, providing adaptable living space. Updated kitchen and bathroom finishes, contemporary flooring, and an in-unit stacked washer and dryer are included. An outdoor pool serves the building, while parking is available for lease on site.
The property is located at 4000 N Charles St in Baltimore’s 21218 ZIP code, near Johns Hopkins University, schools, the Baltimore Museum of Art, Wyman Park, Charles Village, and Hampden. The current pet policy permits one pet under 35 pounds per unit, subject to an additional monthly fee.
The property is located at 4000 N Charles St in Baltimore’s 21218 ZIP code, near Johns Hopkins University, schools, the Baltimore Museum of Art, Wyman Park, Charles Village, and Hampden. The current pet policy permits one pet under 35 pounds per unit, subject to an additional monthly fee.
Key Highlights
- Approximately 1,500 square feet of condominium space
- Flexible layout supports three bedrooms or two bedrooms plus a den
- Mies van der Rohe building constructed in 1964
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,402
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,040
$348.0K
Cap Rate 7%
$248,600
$248.6K
Cap Rate 9%
$193,356
$193.4K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$33.8K $22.56/SF
− Vacancy
−$2.2K −$1.47/SF
EGI
$31.6K $21.09/SF
− OpEx
−$14.2K −$9.49/SF
NOI
$17.4K $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%
$348,040
Cap Rate 7%
$248,600
Cap Rate 9%
$193,356
Alternative Uses
Best Use
Apartment 5plus
$248.6K
$217.5K – $290.0K
NOI $17,402 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$407.8K
$356.9K – $475.8K
NOI $28,548 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
835
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 - Condominium residence offers flexible two-bedroom-plus-den or three-bedroom use.
Where is this residential income property located?
The property is located at 4000 N CHARLES ST #702 Baltimore, MD.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Approximately 1,500 square feet of condominium space; Flexible layout supports three bedrooms or two bedrooms plus a den; Mies van der Rohe building constructed in 1964
