Renovated Residential Income
4000 N CHARLES STREET Unit 601 & 602, Baltimore, MD 21218
For Sale
$849,000
The combined condominium residence includes updated interiors, in-unit laundry, and access to shared building amenities.
Property Size2,953 SF
Price / SF$287.50
Days on Market14
Property Features for 4000 N CHARLES STREET Unit 601 & 602
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24-hour concierge service
valet garage parking
outdoor pool
fitness center
private storage
community entertaining space with kitchen
in-unit washer/dryer
Building Details
Building Size
Year Built
Year Renovated
Listing Agency:
Monument Sotheby's International Realty
Listed By:
Katrina A Cairns · License MD #0667297
(410) 733-1691
Source:
Thehulsmangroup
Added: Oct 29
Changed: Nov 8
Last Checked: Nov 10 at 5:43PM
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 Monument Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This combined 601/602 residence at Highfield House spans 2,953 square feet and was renovated in 2023. The work included new HVAC systems, a kitchen with Wolf and Sub-Zero appliances and Porcelanosa cabinetry, custom built-ins, and updated baths. Additional features include walk-in closets, 15 walls of windows, a full-size washer and dryer, UV-protective window film, new window screens, WiFi-controlled outlets, and Lutron room-darkening shades.
Designed by Mies van der Rohe and completed in 1964, Highfield House is near Johns Hopkins University and Sherwood Gardens. Shared amenities include a 24-hour concierge, valet garage parking, an outdoor pool, a fitness center, private storage, and a community room with a kitchen.
Designed by Mies van der Rohe and completed in 1964, Highfield House is near Johns Hopkins University and Sherwood Gardens. Shared amenities include a 24-hour concierge, valet garage parking, an outdoor pool, a fitness center, private storage, and a community room with a kitchen.
Key Highlights
- Combined 601/602 residence with 2,953 square feet
- Renovated in 2023; building completed in 1964
- Wolf and Sub‑Zero kitchen appliances with Porcelanosa cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,259
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,180
$685.2K
Cap Rate 7%
$489,414
$489.4K
Cap Rate 9%
$380,656
$380.7K
Market Conditions
NOI Build-Up for 2,953 SF
Gross rent
$66.6K $22.56/SF
− Vacancy
−$4.3K −$1.47/SF
EGI
$62.3K $21.09/SF
− OpEx
−$28.0K −$9.49/SF
NOI
$34.3K $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%
$685,180
Cap Rate 7%
$489,414
Cap Rate 9%
$380,656
Alternative Uses
Best Use
Apartment 5plus
$489.4K
$428.2K – $571.0K
NOI $34,259 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$802.9K
$702.5K – $936.7K
NOI $56,201 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
$229,800
Median Home Value
Market
Average Price Trend$/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 - The combined condominium residence includes updated interiors, in-unit laundry, and access to shared building amenities.
Where is this residential income property located?
The property is located at 4000 N CHARLES STREET Unit 601 & 602 Baltimore, MD.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Combined 601/602 residence with 2,953 square feet; Renovated in 2023; building completed in 1964; Wolf and Sub‑Zero kitchen appliances with Porcelanosa cabinetry
