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Marjorie Dick Stuart

  • Cell 240-731-8079
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2129 N Charles St, BALTIMORE, MD – $500,000

  • $500k Price
  • 3,852 Sqft
  • .06 Acres
  • 33 DOM
  • $500k Price
  • 3,852 Sqft
  • .06 Acres
  • 33 DOM

2129 N Charles St

2129 N. Charles Street is a mixed-use asset comprised of two commercial units, and one large two-story residential unit with three bedrooms and two bathrooms. The duplex apartment can easily be converted into two units. Located in Charles North, the asset is 100% occupied and stabilized with three brand new leases in place with long-time tenants, giving new ownership the opportunity to benefit from the strong in-place cash flow with the asset being offered at a 8.3% year one cap rate and 6.98 gross rent multiplier (GRM). The Property’s location in Charles North attracts a diverse range of prospective tenants. Its location in the thriving, renter-heavy (93% renters) neighborhood ensures high occupancy and renter demand, as exemplified by the current rent roll. This mixed-use property offers investors diversification and long-term security. Approximately 59% of the Property’s revenues are commercial, while 41% are from the residential unit. The commercial spaces are on longer-term leases, allowing for security and credit in the short and medium term.

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Essential Information

  • MLS® #MDBA2120088
  • Price$500,000
  • Bathrooms0.00
  • Square Footage3,852
  • Acres0.06
  • Year Built1900
  • TypeCommercial Sale
  • Sub-TypeMixed Use
  • StatusActive

Community Information

  • Address2129 N Charles St
  • CityBALTIMORE
  • CountyBALTIMORE CITY-MD
  • StateMD
  • Zip Code21218

Interior

  • HeatingCentral
  • CoolingCentral A/C
  • # of Stories4

Exterior

  • ExteriorBrick and Siding
  • FoundationBrick/Mortar

School Information

  • DistrictBALTIMORE CITY PUBLIC SCHOOLS

Additional Information

  • Date ListedApril 3rd, 2024
  • Days on Market33
  • ZoningC-1

Listing Details

  • OfficeGreysteel Company LLC
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Listing information last updated on May 5th, 2024 at 1:30pm CDT.