2318-2324 N CHARLES ST, Baltimore, MD 21218

• 19,518 sqft

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.

Listing Status:

Active

Data Last Updated:

July 5, 2026 at 7:16AM

Listing Office:

Ben Frederick Realty, Inc. : 4102359500

Listing Agent:

Thomas H Fair : 4102355200

MLS ID:

MDBA2218406

Interior

• A/C: None
• Heating: Hot WaterNatural Gas
• Disability Feature: None

Exterior

• General: Above GradeBelow Grade
• Style: Converted Dwelling

Construction

• Roofing: Rubber
• General: BrickBrick/Mortar

Location

• Originating MLS: BRIGHT_MAIN
• School District: BALTIMORE CITY PUBLIC SCHOOLS
• County: BALTIMORE CITY-MD

Lot

• Zoning: C-10312063623 027

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN
• Exclusions: Tenant's possessions.