315 N Charles St 8,206 SF Office Building Baltimore, MD 21201 $600,000 ($73.12/SF)

Property Qualities
Located in the historic Midtown/Mount Vernon district of downtown Baltimore, 315 North Charles Street is a charming low-rise brick building featuring a traditional storefront façade typical of early 20th-century construction. While primarily occupied by commercial tenants such as law offices and sales firms—including M Power Direct and Fisher & Winner Estate Litigation attorneys
—the structure sits within a vibrant residential and cultural corridor, just steps from the renowned Station North Arts & Entertainment District . It offeris solid visibility, tenant stability, and flexibility to adapt to evolving urban use trends.
Financial Highlights
Given the prime city-core location—with high walk and transit scores and frequent professional tenancy—the building commands rent rates typical for central Baltimore office/retail space, which average in the $28–$29/sq ft/year range . Assuming full occupancy, that implies annual gross rental income between $224,000 to $232,000. With a modest cost basis of around $1.1 million and annual rent roll in that band, the asset would yield a gross rent multiplier near 4.7–5.0×, delivering a 6–7% cap rate before expenses. While specific expense or net income data wasn't publicly detailed, this mix of rental income and favorable tax structuring makes 315 N Charles St a solid commercial investment candidate.

Location Highlights
315 N Charles Street is located in the heart of Downtown Baltimore’s Mount Vernon neighborhood, a highly walkable, transit-connected, and culturally rich district. Just a few blocks north of the Inner Harbor and adjacent to Baltimore’s Central Business District (CBD), the property benefits from its position along a main commercial corridor surrounded by restaurants, historic landmarks, and office hubs. The area boasts a Walk Score of 98 (“Walker’s Paradise”), with everything from banking and coffee shops to fine dining and residential lofts within easy reach.The site lies within Baltimore’s Downtown Management Authority (DMA) boundary and enjoys excellent access to public transportation, including proximity to Charles Center Metro Station, Light RailLink, Penn Station (Amtrak & MARC), and multiple bus routes. It is also near the University of Maryland-Baltimore, Peabody Conservatory, and Johns Hopkins University’s downtown campuses, which help drive consistent daytime and evening foot traffic.