1303 N Charles St Baltimore, MD 21201

1303 N Charles St Baltimore, MD 21201, Baltimore, MD 21201

  • For Sale $899,900
  • Property Type Other
  • Units 6
  • Additional Rent Contact for pricing
  • Date Updated Jan 12, 2025

1303 N Charles Street is a six-unit mixed-use property located in the vibrant Midtown neighborhood of Baltimore. 


This fully renovated property consists of five residential units and one ground-floor retail space, complemented by two private parking spaces at the rear. Each residential unit has been updated with modern finishes, including granite countertops, laminate flooring, white shaker cabinets, and in-unit washers and dryers. The property features individual split heating and cooling systems in the residential units, while the basement and retail space benefit from central HVAC. All systems, including a two-year-old roof, are relatively new, ensuring efficient operations and tenant satisfaction.


The property’s location is ideal for attracting both residential and commercial tenants. It is situated directly across from the University of Baltimore (3,288 students) and within 0.5 miles of MICA (1,952 students). Tenants also enjoy unparalleled convenience with nearby amenities such as Starbucks, Chipotle, and local favorites like Turp’s Sports Bar & Restaurant. Just 0.2 miles from Baltimore Penn Station and directly off the I-83 highway, the property provides easy access to Washington, D.C., and New York, making it highly appealing to professionals and students alike. The proximity to cultural landmarks, including the Joseph Meyerhoff Symphony Hall, adds to the area’s vibrancy.


From a financial perspective, the property offers significant upside. Currently 83% leased, there is an opportunity to increase rents by 23.5% to meet market rates, leveraging its high-quality renovations and prime location. Additionally, buyers can assume existing debt with a competitive 5.8% interest rate, an attractive option in today’s high-rate environment. Located within the CHAP Historic Tax Credit zone, the property also offers potential tax savings for future renovations, further enhancing its value as a long-term investment. 1303 N Charles Street is an exceptional opportunity for investors seeking stable income and growth potential in a sought-after urban location.


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Highlights

  • Prime Location: Located in Midtown Baltimore, directly across from the University of Baltimore and 0.5 miles from MICA, ensuring strong rental demand.
  • Modernized Units: Fully renovated residential units with granite countertops, laminate flooring, white shaker cabinets, and in-unit washers and dryers.
  • Energy-Efficient Systems: Individual split heating and cooling systems for residential units; central HVAC for the basement and retail space; all systems are relatively new.
  • Retail & Cultural Appeal: Ground-floor retail space with a longstanding tenant, plus proximity to vibrant retail options, dining, and cultural landmarks like the Joseph Meyerhoff Symphony Hall.
  • Transportation Access: Just 0.2 miles from Baltimore Penn Station and near the I-83 highway, offering easy access to Washington, D.C., and New York.
  • Financial Upside: Current rents have a 23.5% growth potential to meet market rates, coupled with the ability to assume existing debt at a competitive 5.8% interest rate.
  • Tax Credit Advantage: Located in the CHAP Historic Tax Credit zone, providing opportunities for significant tax savings on future renovations.

Contacts

broker
Yaakov Kanevsky

Midfield Realty

broker
Mendel Dalfin

Midfield Realty

Location

Getting Around

  • Walk Score ®

    97/100 Walker's Paradise

  • Transit Score ®

    96/100 Rider's Paradise

  • Bike Score ®

    90/100 Biker's Paradise
Powered by Walk Score ®
  • City Baltimore, MD
  • Neighborhood Mid - Town Belvedere
  • Zip Code 21201
  • Market Baltimore

Points of Interest

  • Baltimore Penn Station

    0.19 miles

  • Cultural Center

    0.26 miles

  • Mount Royal / MICA

    0.28 miles

  • State Center

    0.45 miles

  • Mount Vernon

    0.60 miles

  • North Avenue

    0.60 miles

  • Lexington Market

    0.87 miles

  • Charles Center

    1.04 miles

  • Upton

    1.07 miles

  • Baltimore Arena

    1.13 miles

  • Carroll Motor Fuels

    0.06 miles

  • Marathon

    0.36 miles

  • Oceanic

    0.59 miles

  • Sunoco

    0.71 miles

  • Gulf

    0.84 miles

  • eVgo

    0.87 miles

  • Front Street Fuel Station (Government only)

    0.88 miles

  • Exxon

    0.90 miles

  • ChargePoint

    1.09 miles

  • Tesla Destination Charger

    1.51 miles

  • 1205 Maryland Avenue Public Parking Lot

    0.09 miles

  • Penn Station Parking Garage

    0.14 miles

  • Mount Royal Avenue Lot

    0.15 miles

  • PNC Bank

    0.16 miles

  • Maryland Avenue Garage

    0.16 miles

  • Cathedral Street Lot

    0.20 miles

  • Park PMI

    0.21 miles

  • Area D

    0.21 miles

  • Symphony Center Parking

    0.25 miles

  • Fitzgerald Garage

    0.27 miles

  • Downtown Hotel

    0.05 miles

  • The Ivy Hotel

    0.19 miles

  • Belvedere

    0.19 miles

  • Hotel Brexton

    0.30 miles

  • Ulysses

    0.35 miles

  • Midtown Inn

    0.45 miles

  • Motel 6

    0.47 miles

  • Biltmore Suites Hotel - Park Avenue Building

    0.48 miles

  • Biltmore Suites Hotel - Main Building

    0.48 miles

  • Revival Baltimore

    0.53 miles

  • IndoViet Restaurant

    0.01 miles

  • The Chicken or the Egg

    0.01 miles

  • Joanne's Grill

    0.02 miles

  • Viccino's Italiian Gourmet

    0.02 miles

  • Chipotle

    0.04 miles

  • Subway

    0.04 miles

  • Smoothie King

    0.05 miles

  • Twelve24 Grille

    0.05 miles

  • Aloha Sushi & Bar

    0.06 miles

  • Good Part & Co.

    0.06 miles

  • University of Baltimore

    0.09 miles

  • Gordon Plaza

    0.10 miles

  • Baltimore Design School

    0.30 miles

  • Baltimore Montessori Public Charter School

    0.32 miles

  • Midtown Academy

    0.44 miles

  • Maryland Institute College of Art

    0.44 miles

  • Saint Frances Academy

    0.44 miles

  • Downtown Baltimore Child Care / Park Avenue

    0.45 miles

  • Baltimore School For The Arts

    0.50 miles

  • Grace and Saint Peters School

    0.51 miles

  • Bolton Hill Nursery

    0.42 miles

  • All My Children Child Care Center

    0.43 miles

  • Charles Plaza Child Care & Development

    0.84 miles

  • Saint Vincent de Paul Head Start

    0.97 miles

  • Downtown Baltimore Child Care, Inc.

    1.01 miles

  • Dayspring Head Start Harford Heights

    1.36 miles

  • The Waverly Early Head Start Center of Goodwill

    1.51 miles

  • Homewood Early Learning Center

    1.56 miles

  • Play Workz Learning Center

    1.60 miles

  • Sherman Early Childhood Center

    1.89 miles

Frequently Asked Questions

How much does 1303 N Charles St Baltimore, MD 21201 cost?

The space currently listed for sale at 1303 N Charles St Baltimore, MD 21201 asks for $899,900.

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