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315 N Charles St 8,206 SF Office Building Baltimore, MD 21201 $600,000 ($73.12/SF)
Executive Summary
315 N Charles St presents a compelling multifamily investment opportunity in the heart of Baltimore, offering a well-located asset with long-term upside supported by strong surrounding demand. Zoned C-5-HT, the property benefits from flexible urban zoning in a high-visibility, centrally positioned corridor—ideal for an investor seeking stability, optionality, and future value growth.
The building consists of 4 commercial units and has undergone meaningful improvements through renovations completed in 2018 and 2020, providing a buyer with updated interiors and reduced near-term capital needs. In addition, the owner previously utilized the property, reflecting hands-on oversight and continued attention to the asset over time. The property may also offer additional upside through historical state and federal rehab credits up to 40% (20% state plus 20% federal), creating a potential value-enhancement opportunity for a buyer pursuing qualifying improvements.
Overall, 315 N Charles St stands out as a renovated, centrally located 4-unit asset with strong market appeal, making it a strong acquisition for investors seeking a stabilized Baltimore multifamily property with future potential.
The building consists of 4 commercial units and has undergone meaningful improvements through renovations completed in 2018 and 2020, providing a buyer with updated interiors and reduced near-term capital needs. In addition, the owner previously utilized the property, reflecting hands-on oversight and continued attention to the asset over time. The property may also offer additional upside through historical state and federal rehab credits up to 40% (20% state plus 20% federal), creating a potential value-enhancement opportunity for a buyer pursuing qualifying improvements.
Overall, 315 N Charles St stands out as a renovated, centrally located 4-unit asset with strong market appeal, making it a strong acquisition for investors seeking a stabilized Baltimore multifamily property with future potential.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
8,206 SF
Building Class
C
Year Built/Renovated
1920/2004
Price
$600,000
Price Per SF
$73.12
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
2,052 SF
Slab To Slab
10’
Building FAR
3.92
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
C-5HT - mixed use
Parking
5 Spaces (0.61 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Property Taxes
| Parcel Number | 0603-010 | Improvements Assessment | $387,500 |
| Land Assessment | $108,900 | Total Assessment | $496,400 |
Property Taxes
Parcel Number
0603-010
Land Assessment
$108,900
Improvements Assessment
$387,500
Total Assessment
$496,400
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315 N Charles St
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