2129 Charles St - Storefront Retail/Residential FOR SALE


Baltimore, MD 21218- Charles Village
$400,000 USD
410-235-9500
2129 Charles St, Baltimore, MD for Sale
$400,000 USD
Storefront Retail/Residential - FOR SALE
1/28
null | 9.37% Cap Rate

2129 Charles St
Baltimore, MD 21218
Charles Village


HIGHLIGHTS

  • Strong Cash Flow Potential – Currently $3,492/month, increasing to $5,825/month when fully leased.
  • Versatile Mixed-Use Property – Two commercial suites + a spacious 4BR apartment with separate utilities.
  • Prime Investment Location – Surrounded by Station North, Johns Hopkins, and Remington, all areas seeing rapid growth.
  • Long-Term Stability – Commercial leases secured through 2028 and 2029 with built-in annual rent increases.

OVERVIEW

Unit Interiors: The commercial spaces in this Old Goucher mixed-use property have been customized by their tenants. Long-term barber shop tenant Faded added a half bathroom to the space after moving in back in 2016. His suite features laminate flooring, high ceilings, and track lighting. The basement serves as a social gathering space, offering two large rooms, a full bathroom, a storage room, and a utility room. The upper floors house a spacious two-story, four-bedroom residence filled with abundant natural light, high ceilings, and generous room sizes. The apartment boasts an oversized living and kitchen area with white wood cabinetry, laminate countertops, and modern appliances, including a built-in microwave and dishwasher. Two bathrooms feature vinyl tubs with enclosures and modern vanities, while an in-unit laundry room adds convenience. Utility Breakdown: The apartment operates on its own gas-fired furnace with central air, a dedicated gas-fired water heater, and separate gas and electric meters, making it fully self-contained. Residential tenants are expected to pay their own utilities, and the landlord has the option to bill back the tenant for a portion of the water costs, reducing overall expenses. The first-floor and basement units share a separate gas-fired furnace and water heater. The property has two electric meters and a combination of copper and PEX interior supply lines. Vinyl replacement windows are installed throughout, enhancing energy efficiency and minimizing maintenance. Tenants benefit from three off-street parking spots in the rear. Per the commercial leases, the landlord is responsible for electric, heat, and water expenses. The basement tenant is secured through 1/31/2028, with 3% annual rent increases, while the barbershop lease extends through 1/31/2029, featuring 5% yearly rent escalations. These structured increases provide steady income growth and long-term stability for the property. What’s Great About 2129 North Charles: This Old Goucher mixed-use is located just above the dynamic Station North Arts District, a hub for arts and entertainment, and just below Johns Hopkins University Homewood Campus in the Charles Village Historic District, sits in one of Baltimore’s most promising investment corridors. To the west, Remington—one of the city’s fastest-growing neighborhoods—continues to thrive with new restaurants, retail, and residential development. The Old Goucher Historic District is undergoing a transformation, attracting businesses, creatives, and investors who recognize its potential for long-term growth and appreciation. With ongoing revitalization efforts, increasing rental demand, and proximity to key Baltimore landmarks, the only question is: will you be a part of it?

FOR SALE DETAILS

PRICE

$400,000 USD

PRICE/SF

$104 USD /SF

CAP RATE

9.37%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,400 SF

ZONING

C-1

APN/PARCEL ID

12-08-3810-015

ASK ABOUT THIS PROPERTY

Tom FairBen Frederick Realty, Inc.More Info
410-235-9500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Tom FairBen Frederick Realty, Inc.More Info
410-235-9500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.