Top-Floor Residential Income
For Sale
$137,000
4000 N CHARLES STREET Unit 404, Baltimore, MD 21218
One-bedroom, one-bath condominium with updated interiors, furnished contents available by buyer preference, and western sunset views.
Property Size911 SF
Days on Market232
Property Features for 4000 N CHARLES STREET Unit 404
General Information
Standard status
Active
Size
911 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,299
Amenities
doorman
24-hour front desk
on-site management
pool
fitness center
party room
storage unit
Building Details
Building Size
911 SF
Year Built
1964
Listing Agency:
Monument Sotheby's International Realty
Listed By:
Jeffrey A Nelson · License #596429
(443) 226-6362
Source:
Thehulsmangroup
Added: Feb 17
Changed: Oct 3
Last Checked: Oct 5 at 8:53PM
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
Investment Insights
Based on property information with market context.
This top-floor, one-bedroom, one-bath condominium at The Highfield House combines original architectural character with selected interior updates. The full bath has refreshed tile and fixtures, while the kitchen retains its original elements alongside modern improvements. Furnishings may remain or be removed, and the washer and dryer convey as-is. A storage unit and ample closet space provide additional utility.
Designed by Ludwig Mies van der Rohe, the 1964 building is listed on the National Register of Historic Places. Building services include a doorman, 24-hour front desk, on-site management and maintenance, a pool, fitness center, and party room. The condominium fee covers heat, A/C, gas, and hot water. Optional parking is available for a monthly fee. The property is near Johns Hopkins University, the Baltimore Museum of Art, Loyola University Maryland, Union Memorial Hospital, local shops, cafes, and Sherwood Gardens. Rentals are not permitted at The Highfield House.
Designed by Ludwig Mies van der Rohe, the 1964 building is listed on the National Register of Historic Places. Building services include a doorman, 24-hour front desk, on-site management and maintenance, a pool, fitness center, and party room. The condominium fee covers heat, A/C, gas, and hot water. Optional parking is available for a monthly fee. The property is near Johns Hopkins University, the Baltimore Museum of Art, Loyola University Maryland, Union Memorial Hospital, local shops, cafes, and Sherwood Gardens. Rentals are not permitted at The Highfield House.
Key Highlights
- Top‑floor one‑bedroom, one‑bath condominium
- Western‑facing sunset views over Tuscany‑Canterbury
- Designed by Ludwig Mies van der Rohe; listed on the National Register of Historic Places
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,569
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$211,380
$211.4K
Cap Rate 7%
$150,986
$151.0K
Cap Rate 9%
$117,433
$117.4K
Market Conditions
NOI Build-Up for 911 SF
Gross rent
$20.6K $22.56/SF
− Vacancy
−$1.3K −$1.47/SF
EGI
$19.2K $21.09/SF
− OpEx
−$8.6K −$9.49/SF
NOI
$10.6K $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%
$211,380
Cap Rate 7%
$150,986
Cap Rate 9%
$117,433
Alternative Uses
Best Use
Apartment 5plus
$151.0K
$132.1K – $176.2K
NOI $10,569 @ 7.0% cap · market cap 7.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$247.7K
$216.7K – $289.0K
NOI $17,338 @ 7.0% cap · market cap 12.66%
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
835
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 - One-bedroom, one-bath condominium with updated interiors, furnished contents available by buyer preference, and western sunset views.
Where is this residential income property located?
The property is located at 4000 N CHARLES STREET Unit 404 Baltimore, MD.
What is the asking price?
The asking price for this property is $137,000.
What are key features of this property?
This property features: Top‑floor one‑bedroom, one‑bath condominium; Western‑facing sunset views over Tuscany‑Canterbury; Designed by Ludwig Mies van der Rohe; listed on the National Register of Historic Places
