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Baltimore Multifamily Investment Opportunity
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723 S Charles, Baltimore, MD 21230

Five-unit multifamily property in Baltimore's Federal Hill neighborhood.

Property Size4,685 SF
Lot Size0.20 Acres
Days on Market157

Property Features for 723 S Charles

General Information

Standard status Active
Size 4,685 SF
Lot size 0.20 Acres
Property subtype Multifamily

Building Details

Building Size 4,685 SF
Listing Agency:
Listed By: Omar Aizaz
Source: Cbcworldwide
Added: Mar 5 Changed: Aug 8 Last Checked: Aug 8 at 6:03AM

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 Omar Aizaz

Investment Insights

Based on property information with market context.

Located in Baltimore, this property presents an investment opportunity with five units totaling 4,685 square feet. Constructed in 1985 and zoned R8 with OR Permitted, the property is located at the southeast corner of Charles and Hughes Streets, in the Federal Hill neighborhood. Situated one block west of the Inner Harbor, the location provides access to the Downtown business district and major public transportation routes. Camden Yards and M&T Bank Stadium are within a 10-minute walk. The 0.2-acre property is suitable for commercial use or urban residence.

Key Highlights

  • Prime location in Federal Hill, one block west of the Inner Harbor, offering unmatched convenience and walkability.
  • Zoned R8 with OR Permitted, allowing for office or multifamily use.
  • Five units totaling 4,685 SF, providing a substantial investment opportunity.

Property Analytics

Current Use

Law Offices of Edward ... Consultant Exclusive Healthcare Placement Employment Agency Integrity Real Estate ... Construction Company Total Wellness Counselor Ks Property Management ... Property Management Company

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store Clothing & Fashion Store Pet Store Pet Store & Service Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

10,764
Businesses Nearby

Demographics for 21230, MD

36,660
Population
18,070
Households
2
Avg Household Size
33
Median Age
59%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
5,819
Density / Sq Mi
$94,164
Median Household Income
$69,973
Median Earnings
$1,771
Median Rent
$327,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Five-unit multifamily property in Baltimore's Federal Hill neighborhood.
Where is this apartment building located?
The property is located at 723 S Charles Baltimore, MD.
What are key features of this property?
This property features: Prime location in Federal Hill, one block west of the Inner Harbor, offering unmatched convenience and walkability.; Zoned R8 with OR Permitted, allowing for office or multifamily use.; Five units totaling 4,685 SF, providing a substantial investment opportunity.
More about this property
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