MLS#MDBA2218422
STATUSACTIVE
PROPERTY TYPECommercial -
SUBDIVISIONOLD GOUCHER
SCHOOLBALTIMORE CITY PUBLIC SCHOOLS
Property Description
Rare opportunity to acquire a 20-unit mixed-use portfolio along North Charles Street in Old Goucher. Comprised of four connected buildings with approximately 82 feet of frontage, the property includes 5 commercial spaces, 14 licensed apartments, and 1 unlicensed carriage house apartment with attached garage. The asset has been under the same ownership for approximately 50 years with limited capital improvements, resulting in deferred maintenance and below-market residential rents. Investors may pursue multiple value-creation strategies, including bringing existing apartments to market rents, renovating units over time, re-tenanting commercial spaces, or undertaking more significant property improvements. 80% of the commercial tenants have occupied the property for more than 20 years, providing established tenancy along one of Baltimore's primary commercial corridors. Residential units consist primarily of one-bedroom apartments with additional two-bedroom and one-bedroom-with-den layouts. Located in Old Goucher, this value-add opportunity benefits from proximity to Charles Village, Station North, Remington, and Mount Vernon. North Charles Street provides direct connectivity from Towson through Baltimore City and into South Baltimore, supporting both residential and commercial demand. Offered at $67,500 per unit and $69 per square foot, the property is positioned for an investor willing to take on deferred maintenance in exchange for scale, frontage, and upside. The existing configuration supports a value-add approach through rent growth and phased renovations, while the large footprint along North Charles Street may also appeal to buyers considering a more comprehensive redevelopment strategy over time.
Property Features
Property Type: Commercial -
Cooling: None
Fuel Type: Natural Gas
Heating: Hot Water
Lot Size: 0.28 Acres
Roof Type: Rubber
Taxes: $26,627
Year Built: 1900
Feature Descriptions
Days on Site: 17
Exterior: Brick
Lot Dimensions: 0.28 Acre(S)
Municipality: Baltimore City
Sewer: Public Sewer
Total Garage/Parking Spaces: 6
Units: 20
Water: Public
Local Schools
School District: BALTIMORE CITY PUBLIC SCHOOLS
Listed By / Shown By
Listed By
Agency Name: Ben Frederick Realty, Inc.
Agency Phone: 4102359500
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
2318 2324 N Charles Street | MLS# MDBA2218422
This commercial property located at 2318 2324 N Charles Street, Baltimore, MD 21218 is currently listed for sale with an asking price of $1,350,000. 2324 N Charles Street is located within the BALTIMORE CITY PUBLIC SCHOOLS school district. Search Baltimore real estate on www.realtymark.net today.