2116 N Charles St 7 Unit Apartment Building $1,350,000 ($192,857/Unit) 8.34% Cap Rate Baltimore, MD 21218

INVESTMENT HIGHLIGHTS

  • All 3 commercial spaces are leased

EXECUTIVE SUMMARY

Discover the vibrant surroundings of the area near 2116 North Charles Street, Baltimore, MD, 21218. Located in the bustling Baltimore MSA market, this prime multifamily/mid-rise investment opportunity benefits from the proximity to prestigious institutions like Johns Hopkins University and the University of Baltimore, making it an appealing choice for prospective tenants. Enjoy convenient access to renowned cultural attractions including the Baltimore Museum of Art and the Lyric Opera House, as well as an array of dining, shopping, and entertainment options in the historic Mt. Vernon neighborhood. With its ideal location and rich local amenities, the area offers an unmatched investment potential for multifamily/mid-rise investors.

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PROPERTY FACTS

Price $1,350,000
Price Per Unit $192,857
Sale Type Investment
Cap Rate 8.34%
No. Units 7
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Mid-Rise
Building Class C
Lot Size 0.10 AC
Building Size 6,238 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1900/2022
Parking Ratio 0.8/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Office

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 2 $1,200 -
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (87)
Bike Score®
Very Bikeable (86)

PROPERTY TAXES

ZONING

Zoning Code C-1 (Mixed use commercial/residential)
  • Listing ID: 34820866

  • Date on Market: 2/13/2025

  • Last Updated:

  • Address: 2116 N Charles St, Baltimore, MD 21218