2318 N CHARLES STREET 2324, BALTIMORE, MD 21218
OLD GOUCHER · BALTIMORE CITY County
Key Facts
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 Information
Property Type
Residential Income
Sub-Type
Townhouse
Structure Type
Townhouse
Year Built
1900
Living Area
21,090 sq ft
Lot Size
0.28 acres
Lot Dimensions
18' x 150';36' x 150';27'6" x 150
Parking Spaces
6
Zoning
C-1
Days on Market
22
MLS® Listing#
MDBA2218406
Property Features
Appliances
Cooling
Heating
Pool
Parking
Construction
Foundation
Roof
Sewer
Water Source
Schools
- District:
- BALTIMORE CITY PUBLIC SCHOOLS
Financial Details
Annual Taxes
$26,627
Tax year 2025
Assessed Value
$943,300
Parcel Number
0312063623 027
Directions
GPS
Affordability Calculator
$270,000
Estimated monthly payment
$7,185/mo
Principal $1,080,000 · Est. interest $1,506,696 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in BALTIMORE, MD
- $229,853
- Median Listing Price
- 58
- Median Days on Market
- 1,485
- Median Sq Ft
- $159
- Median Price / Sq Ft
- 3,394
- Active Listings
- This home’s price is 487% above the area median.
- Its price per sq ft is 60% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in BALTIMORE, MD.
Location
- 2318 N CHARLES STREET 2324, BALTIMORE, MD 21218
Points of Interest in BALTIMORE, MD
Showing the BALTIMORE area map.
Nearby Schools
Career Academy
School · 0.1 mi away
Baltimore Lab School
School · 0.1 mi away
Margaret Brent Elementary School
Elementary · 0.3 mi away
The Baltimore Free School
School · 0.3 mi away
Baltimore City School District
Elementary · 0.4 mi away
Baltimore City Public Schools
Elementary · 0.4 mi away
Mother Seton Academy
School · 0.4 mi away
School of Education
School · 0.4 mi away
Baltimore Montessori Public Charter School
Elementary · 0.6 mi away
Community School
Secondary · 0.6 mi away
The Greenmount School
Secondary · 0.6 mi away
Mt. Royal School Pto
Elementary · 0.6 mi away
Barclay Elementary Middle School
Elementary · 0.6 mi away
Cecil Elementary School
Elementary · 0.6 mi away
Baltimore Design School
Secondary · 0.7 mi away
Baltimore School of the Bible
School · 0.7 mi away
Top Knowledge Healthcare Institute
Secondary · 0.7 mi away
William H. Thumel Sr. Business Center
School · 0.7 mi away
Dru Judy Center at Dorothy I Height Elementary
Elementary · 0.9 mi away
Coldstream Park Elementary School
Elementary · 0.9 mi away
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EXIT Agents in BALTIMORE
Listing Courtesy: Ben Frederick Realty, Inc. - 4102359500