Mount Vernon Mixed-Use
825 N CHARLES Street, Baltimore, MD 21201
MULTI_FAMILY - Colonial - BALTIMORE, MD
Property size:
7,240 SFLot size:
0.06 AcresPrice / SF:
$158/SF- Added:
- Jul 4, 2025
- Days on Market:
- 322
- Last Refresh:
- May 21 at 7:06 pm
Property Features for 825 N CHARLES Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Size
- 7,240 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 18938
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1900
- Number of units
- 4
- Building materials
- Brick
- Architectural style
- Colonial
Listing agent Thomas B Maley License #656646 (410) 274-3326
Listing office Cummings & Co. Realtors 108 W Timonium Road unit: 100, Baltimore, MD (410) 823-0033
Listing date Jul 4, 2025
MLS# MDBA2174430
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully occupied, renovated mixed‑use building in historic Mount Vernon.
- Eight units: (5) 1 Br‑1 Ba, (2) 2 Br‑1 Ba apartments, and (1) commercial space.
- Newly renovated apartments feature granite counters, hardwood floors, designer cabinets, and stainless steel appliances.
- Apartments include stackable washer/dryer and central HVAC.
- Prime location near top restaurants, shopping, Peabody Institute, and medical centers.
- 7,240 SF, 4‑story brick building with historic charm and modern amenities.
Overview
Located in the Mount Vernon neighborhood, this four-story mixed-use property at 825 North Charles Street offers a solid investment opportunity. The building has a total area of 7,240 square feet and sits on a 0.057-acre lot. The property features eight units, including five one-bedroom, one-bathroom apartments, two two-bedroom, one-bathroom apartments, and one commercial space on the ground floor. The commercial space is currently occupied by a clothing retailer. The apartments have been newly renovated and feature high ceilings and large windows, granite counters, hardwood floors, designer cabinets, built-in microwaves, dishwashers, and stainless steel appliances. Each unit also includes a stackable washer/dryer and central HVAC. The property is conveniently located near top restaurants, fantastic shopping, The Peabody Institute of Johns Hopkins University, and several renowned medical centers.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.14M
NOI $102,474 @ 9.00% cap · cautious / downside scenario
Moderate
$1.46M
NOI $102,474 @ 7.00% cap · market / base-case scenario
Aggressive
$2.05M
NOI $102,474 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $156.4k | $21.60 |
| − Vacancy | −$10.0k | −$1.38 |
| EGI | $146.4k | $20.22 |
| − OpEx | −$43.9k | −$6.07 |
| NOI | $102.5k | $14.15 |
7,240 SF · lease $21.60/SF/yr · vacancy 6.39% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.46M
$1.28M – $1.71M
NOI $102,474 @ 7.0% cap · market cap 8.92%
Second Best
Mixed Use
$1.43M
$1.25M – $1.67M
NOI $99,912 @ 7.0% cap · market cap 8.70%
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,415 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
DIFFERENTREGARD
Formal Wear Store
Jay A Dackman Law ...
Law Firm
Infinity Title
Title Company
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.61545
- Latitude
- 39.29941
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Fully occupied, renovated mixed-use property in historic Mount Vernon.
Where is this mixed-use property located?
The property is located at 825 N CHARLES Street Baltimore, MD.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Fully occupied, renovated mixed‑use building in historic Mount Vernon.; Eight units: (5) 1 Br‑1 Ba, (2) 2 Br‑1 Ba apartments, and (1) commercial space.; Newly renovated apartments feature granite counters, hardwood floors, designer cabinets, and stainless steel appliances.
