Updated Residential Income
For Sale
$141,000
Pending
4000 N CHARLES STREET Unit 709, Baltimore, MD 21218
The residence pairs original kitchen cabinetry and parquet flooring with updated mechanicals and in-unit laundry.
Property Size814 SF
Days on Market15
Property Features for 4000 N CHARLES STREET Unit 709
General Information
Standard status
Pending
Size
814 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$2,977
Building Details
Building Size
814 SF
Year Built
1964
Listing Agency:
Guerilla Realty LLC
Listed By:
Colleen Stanley · License #682458
(443) 904-4038
Source:
Thehulsmangroup
Added: Sep 28
Changed: Oct 3
Last Checked: Oct 11 at 12:27PM
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 Guerilla Realty LLC
Investment Insights
Based on property information with market context.
Unit 709 at Highfield House is a condominium residence built in 1964, with original Mies-designed kitchen cabinetry and parquet floors. Improvements include HVAC units installed in 2022, a Miele washer and dryer from 2022, a refrigerator added in 2021, and internet-connected electric shades installed in 2023. The windows were professionally sealed in 2025 through a building-wide project.
Building amenities and services include a 24-hour attended front desk, package storage, valet parking, a private storage unit, and a swimming pool that becomes a fountain on summer evenings. The building permits pets, and there are no outstanding assessments for this unit. Highfield House is at 4000 N Charles Street in Baltimore, near Johns Hopkins University, Charles Village, The Rotunda, museums, restaurants, and shops.
Building amenities and services include a 24-hour attended front desk, package storage, valet parking, a private storage unit, and a swimming pool that becomes a fountain on summer evenings. The building permits pets, and there are no outstanding assessments for this unit. Highfield House is at 4000 N Charles Street in Baltimore, near Johns Hopkins University, Charles Village, The Rotunda, museums, restaurants, and shops.
Key Highlights
- Condominium residence at Highfield House, built in 1964
- Original kitchen cabinetry designed by Mies and parquet flooring
- HVAC units and Miele washer and dryer installed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,444
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$188,880
$188.9K
Cap Rate 7%
$134,914
$134.9K
Cap Rate 9%
$104,933
$104.9K
Market Conditions
NOI Build-Up for 814 SF
Gross rent
$18.4K $22.56/SF
− Vacancy
−$1.2K −$1.47/SF
EGI
$17.2K $21.09/SF
− OpEx
−$7.7K −$9.49/SF
NOI
$9.4K $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%
$188,880
Cap Rate 7%
$134,914
Cap Rate 9%
$104,933
Alternative Uses
Best Use
Apartment 5plus
$134.9K
$118.1K – $157.4K
NOI $9,444 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$221.3K
$193.7K – $258.2K
NOI $15,492 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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 - The residence pairs original kitchen cabinetry and parquet flooring with updated mechanicals and in-unit laundry.
Where is this residential income property located?
The property is located at 4000 N CHARLES STREET Unit 709 Baltimore, MD.
What is the asking price?
The asking price for this property is $141,000.
What are key features of this property?
This property features: Condominium residence at Highfield House, built in 1964; Original kitchen cabinetry designed by Mies and parquet flooring; HVAC units and Miele washer and dryer installed in 2022
