211 E 33rd St - Charles Village 4-Unit | 2.5 Blocks to JHU 4 Unit Apartment Building Offered at $575,000 at a 8.22% Cap Rate Baltimore, MD 21218

In the heart of Charles Village, where university demand and major medical employment overlap, 211 E 33rd Street offers a true “walk-to-everything” rental location—2.5 blocks to the Homewood campus of Johns Hopkins University and directly across the street from MedStar Union Memorial Hospital. Tenants can step out to the Charles Village Shopping District for daily essentials—coffee, casual dining, grocery options, and neighborhood shops—supported by a Walk Score of 95 (“Walker’s Paradise”). This is the kind of block that consistently functions as rental housing: 13 of the 15 homes on the block operate as rentals, reflecting established tenant demand at the micro-location level.
The building includes three one-bedroom apartments and one studio, a unit mix that aligns well with tenant demand in Charles Village. Three kitchens feature granite countertops and modern wood shaker cabinetry, while one unit includes laminate counters and wood cabinets; all kitchens offer 30? gas ranges, with select units also featuring dishwashers and built-in microwaves. Outdoor and bonus spaces add real tenant appeal: the first-floor unit enjoys a private, covered deck; the second-floor unit features a large front porch facing 33rd Street; and the basement unit includes a rear sunroom. Bathrooms are finished with ceramic tile tub/shower enclosures, including a mix of shower stalls and a cast-iron tub. A shared washer and dryer in the basement provides added convenience for tenants.
From an operating standpoint, tenants are responsible for all utilities. Lease bill-backs allocate central gas for heat and hot water, water shares, and electric. The building is equipped with five electric meters and one gas meter, with tenants paying their own electric service. Heat is provided by a single gas-fired boiler with hot water circulation, and hot water is provided by a central 50-gallon gas-fired water heater installed in 2025. Three of four units are on month-to-month leases, giving a buyer flexibility to pursue rent-to-market upside after closing.
211 E 33rd Street presents an opportunity to acquire a well-located Charles Village asset anchored by institutional demand and a highly walkable commercial core. Call Will Cannon to schedule your appointment today: 410-916-3331.