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2601 N Charles St 5 Unit Apartment Building $1,100,000 ($220,000/Unit) 7.55% Cap Rate Baltimore, MD 21218
INVESTMENT HIGHLIGHTS
- Perfectly located just 2 blocks from the Johns Hopkins University Homewood campus, and within walking distance to local favorites such as Starbucks.
EXECUTIVE SUMMARY
Gorgeously Renovated Five-Unit Property in Historic Charles Village Beautifully updated and fully modernized, this five-unit apartment building is ideally situated in the heart of Historic Charles Village. Renovations include brand-new plumbing, electrical systems, HVAC, windows, and roof—offering a worry-free investment opportunity. A newly installed fire sprinkler system, comprehensive fire alarm system, and security cameras throughout the building. The property also holds a Lead-Free Limited certification for added assurance Each unit features large, light-filled windows, an open-concept layout, recessed lighting, and private deck access. The property holds a Lead-Free Limited certification for added peace of mind. Inside, you'll find stylish, modern finishes throughout. Each unit includes a fully equipped kitchen with new countertops, custom cabinetry, stainless steel appliances, smart home features including a full media panel, video door intercom system, and smart thermostat. Each unit is equipped with in-unit washers and dryers, central air conditioning, and beautifully updated flooring. Spacious bedrooms boast vaulted ceilings and generous natural light, while modern bathrooms offer clean, contemporary design. Perfectly located just 2 blocks from the Johns Hopkins University Homewood campus, and within walking distance to local favorites such as Starbucks, Eddie’s Market, the JHU Barnes & Noble, the Baltimore Museum of Art, Waverly Farmers Market, and popular dining/shopping on St. Paul Street. Easy access to parks, public transit, and the Charm City Circulator make this a prime location for students, professionals, and long-term tenants alike. All units are rented, so immediate income of $7,275 w/ potential to increase rents to $8,500.
PROPERTY FACTS
| Price | $1,100,000 | Building Class | B |
| Price Per Unit | $220,000 | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 4,284 SF |
| Cap Rate | 7.55% | No. Stories | 3 |
| No. Units | 5 | Year Built | 1920 |
| Property Type | Multifamily | Tenancy | Single |
| Property Subtype | Apartment | Parking Ratio | 0.32/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | Y020 | ||
| Price | $1,100,000 |
| Price Per Unit | $220,000 |
| Sale Type | Investment |
| Cap Rate | 7.55% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.04 AC |
| Building Size | 4,284 SF |
| No. Stories | 3 |
| Year Built | 1920 |
| Tenancy | Single |
| Parking Ratio | 0.32/1,000 SF |
| Zoning | Y020 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (78)
Bike Score®
Very Bikeable (86)
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2601 N Charles St
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