2507 N Charles St, Baltimore, MD 21218

Property Description

2507 North Charles Street presents a rare opportunity to acquire a four-unit apartment building in the heart of Charles Village. Held under long-term ownership, the property offers multiple paths to create value through apartment renovations, improved management, utility bill-backs, and capital improvements over time. The building contains two two-bedroom apartments, one one-bedroom apartment, and one studio apartment, and features a central gas-fired boiler with radiator heat, four electric meters, five gas meters, and a rubber membrane roof replaced in 2024. Located along the vibrant North Charles Street corridor, residents enjoy walkable access to restaurants, coffee shops, boutiques, art venues, and neighborhood conveniences. Johns Hopkins University's Homewood Campus is just five blocks north, providing a consistent source of housing demand in one of Baltimore City's most desirable rental neighborhoods. With an asking price of just $91,250 per apartment, the property offers an attractive entry point into the Charles Village market and the opportunity to increase rents as apartments are renovated and operations are modernized. The property also passes the FHA self-sufficiency test, making it an excellent opportunity for an owner-occupant seeking to live in one apartment while the rental income from the remaining units helps offset the monthly housing expense.