2203 N  Charles St, Baltimore, MD 21218
SOLDNOV 17, 2023

2203 N Charles St
Baltimore, MD 21218

Charles Village
  • 2 Beds
  • 3,024 sqft
  • 2 Beds
  • 3,024 sqft

$346,000

Last Sold: Nov 17, 2023
1% below list $349K
$114/sqft
Est. Refi. Payment $2,344/mo*

Homes for Sale Near 2203 N Charles St

Local Information

map showing home location
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-- mins to
Commute Destination

Description

This property is no longer available to rent or to buy. This description is from November 27, 2023
Price Improved! Welcome to 2203 North Charles Street, nestled in the growing neighborhood of Old Goucher. With a staggering 95% renter population, this area presents an excellent opportunity for investors. Positioned on Charles Street, the bustling main thoroughfare of north central Baltimore City, this property enjoys a constant stream of daytime foot traffic. Whether you’re seeking commercial or residential spaces, renting out these units is a breeze, making it an exceptional investment choice. Each space has its own separate electric heat pump and central air conditioning system, ensuring year-round comfort for tenants. The third floor apartment features a galley kitchen with wood cabinets, laminate countertops, and a 30″ electric range. The bathroom has a modern vanity and a fiberglass tub. With sturdy finishes and easy-to-clean vinyl floors, this apartment is easy to lease and quick to turn over. The second floor apartment features an upgraded full kitchen complete with wood cabinets, ample formica countertop space, a 30″ electric range, built-in microwave, and a dishwasher. The spacious living room has three large windows, bathing the room in natural light, and recessed lighting adds a touch of elegance. Fully equipped with in-suite laundry, this apartment has it all for today’s modern tenant. The first floor beauty boutique has charming exposed brick walls and lofty ceilings. Its allure is further enhanced by a floor-to-ceiling storefront window, inviting passersby to explore within. The boutique encompasses a spacious customer area, two small offices for business operations, and a convenient half bathroom. The ground floor pharmacy space is occupied by a long-term tenant. Welcoming customers with a front lobby area, the space also has a storage area and a half bathroom, ensuring functionality for daily operations. Each unit has its own heating and air conditioning systems. The building is served by one gas meter, which fires the 40-gallon water heater; and five electric meters, with 150 amps to each unit. 2203 North Charles Street has vinyl replacement windows throughout. Observable water supply pipes are copper and c-pvc, with a steel main; observable drain lines are pvc. Tenants pay for their own electric usage. The landlord pays for water, sewer, and public service gas and electric. Currently the first floor commercial tenant reimburses for a portion of the public service utilities; a savvy landlord could increase cash flow by implementing a total utility reimbursement. Located in the Old Goucher neighborhood, this investment property benefits from its strategic location between the ever-growing neighborhoods of Charles Village and Mount Vernon. With a high percentage of renters in the area, a steady tenant pool is readily available, ensuring minimal vacancy periods and a robust rental market. The neighborhood has attracted numerous entrepreneurs, resulting in a thriving culinary scene. Local favorites such as Dutch Courage, WC Harlans’, and the Church Bar are just a stone’s throw away, offering residents and tenants a diverse range of dining and entertainment options. Moreover, the property’s central location in Baltimore provides easy access to downtown and points north via I-83, making commuting a breeze. 2203 North Charles earns the designation “Walker’s Paradise” with a Walk Score of 94, a Transit Score of 83, and a Bike Score of 85. $349,000 $87,250 Per Unit $154 Per Sq. Ft. 7.3 Times Actual Rents (GRM) 6.3 Times Market Rents (GRM) 10.08% Cap Rate 13.4% Projected Cash-on-Cash Return

Home Highlights

Parking
None
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$114/sqft
Listed
180+ days ago

Home Details for 2203 N Charles St

Interior Features

Interior Details
Number of Rooms: 1Types of Rooms: Basement
Beds & Baths
Number of Bedrooms: 2
Dimensions and Layout
Living Area: 3024 Square Feet
Appliances & Utilities
Appliances: Gas Water Heater
Heating & Cooling
Heating: Heat Pump,ElectricHas CoolingAir Conditioning: Central A/C,ElectricHas HeatingHeating Fuel: Heat Pump
Fireplace & Spa
No Fireplace
Levels, Entrance, & Accessibility
Accessibility: None

Exterior Features

Exterior Home Features
Roof: Flat RubberOther Structures: Above Grade, Below GradeFoundation: Brick/Mortar
Parking & Garage
No CarportNo GarageNo Attached GarageParking: None
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1920
Property Type / Style
Property Type: Residential IncomeProperty Subtype: TownhouseStructure Type: Interior Row/TownhouseArchitecture: Traditional
Building
Construction Materials: BrickNot a New Construction
Property Information
Condition: GoodNot Included in Sale: Tenants' PossessionsIncluded in Sale: 2 Ranges, 2 Refrigerators, 1 Built-in Microwave, 1 Dishwasher, 1 Clothes Washer / DryerParcel Number: 0312083819 002

Price & Status

Price
List Price: $349,000Price Per Sqft: $114/sqft
Status Change & Dates
Off Market Date: Mon Nov 27 2023Possession Timing: Immediate, Rental Agreement

Active Status

MLS Status: CLOSED

Location

Direction & Address
City: BaltimoreCommunity: Old Goucher
School Information
Elementary School District: Baltimore City Public SchoolsJr High / Middle School District: Baltimore City Public SchoolsHigh School District: Baltimore City Public Schools

Community

Number Of Vacant Units: 1

Lot Information

Lot Area: 1638 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Agreement Type: Exclusive Right To SellListing Terms: Cash, 1031 Exchange, Other, Private Financing Available

Compensation

Buyer Agency Commission: 3Buyer Agency Commission Type: %Sub Agency Commission: 3Sub Agency Commission Type: % Of Gross
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: MDBA2100494Municipality: Baltimore City
Last check for updates: 1 day ago
Listed by Thomas H Fair, (410) 235-5200
Ben Frederick Realty, Inc.
Bought with: Tsegaye Tadesse, (202) 276-8871, Long & Foster Real Estate, Inc.
Source: Bright MLS, MLS#MDBA2100494

Price History for 2203 N Charles St

DatePriceEventSource
11/17/2023$346,000Sold
Bright MLS #MDBA2100494
10/03/2023$349,000PendingBright MLS #MDBA2100494
09/27/2023$349,000Listed For SaleBright MLS #MDBA2100494
08/23/2016$240,000Sold
N/A
09/09/2005$200,000Sold
N/A
12/22/2004$125,000Sold
N/A

Property Taxes and Assessment

Year2023
Tax$5,659
Assessment$266,000
Home facts updated by county records

Comparable Sales for 2203 N Charles St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.15
Multi-Family Home
$375,000
03/28/24
3
-
3,500
0.15
Multi-Family Home
$323,016
01/22/24
3
-
2,872
0.17
Multi-Family Home
$429,000
04/05/24
4
-
2,544
0.17
Multi-Family Home
$240,000
09/21/23
4
-
2,544
0.10
Multi-Family Home
$585,000
11/20/23
5
-
3,732
0.40
Multi-Family Home
$400,000
04/26/24
6
-
4,432
0.56
Multi-Family Home
$495,000
03/22/24
3
-
3,120
0.34
Multi-Family Home
$340,000
03/06/24
8
-
1,560
0.77
Multi-Family Home
$375,000
11/13/23
4
-
2,940

Assigned Schools

These are the assigned schools for 2203 N Charles St.
GreatSchools ratings are based on test scores and additional metrics when available.
Check with the applicable school district prior to making a decision based on these schools. Learn more.

Neighborhood Overview

See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Charles Village

  • Lena M.
    "I always see owners walking there dogs and there’s a park near by that is dog friendly. Many people play with their dogs there "
    3
    Flag
  • Stephanie H.
    "The neighborhood has multiple bus and shuttle stops. There’s East access to I-83. Charles and St. Paul are fairly good thoroughfares. "
    0
    Flag
  • Helene B.
    "28th and 29th Street are always busy during rush hour, but not too terrible. It’s just over a 5 min drive from 83 N and S"
    0
    Flag
  • Taylor
    "There are a lot of events during the summer and some parts of the year that it’s a cool place to live everything is in walking distance "
    0
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  • Mikle707
    "Charles Village is eclectic, diverse, progressive, and culturally inclusive. It is situated perfectly near premier universities, public transportation and major highways. It also boast the best of Baltimore’s fame row homes and “Painted Lady’s”. Great place to call home. "
    0
    Flag
  • Lwesner
    "You see people walking dogs all the time. Very close to Wyman Park Dell. Plenty of trash cans for dog poop pick up. People are friendly."
    0
    Flag
  • D a.
    "There’s a dog park within walking distance and waste bags on several light posts around the neighborhood. "
    0
    Flag
  • Danielloa712
    "Lived here for 9 years. Love this neighborhood. Safe, well cared for homes, close to great restaurants. "
    13
    Flag
  • BPR106
    "I've lived in this neighborhood a long time and like the amenities but despise the crime inherent with living in Baltimore City."
    12
    Flag
  • Jenny
    "Between the Abell Open Space, the Charles Village Parents Association, and the sheer number of families with small children, this is a super place to start a family. We have been so lucky to meet so many supportive and friendly neighbors."
    12
    Flag

LGBTQ Local Legal Protections

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 Bright MLS, Inc. Click here for more information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Homes for Rent Near 2203 N Charles St

Off Market Homes Near 2203 N Charles St

2203 N Charles St, Baltimore, MD 21218 is a 2 bedroom, 3,024 sqft multi-family built in 1920. 2203 N Charles St is located in Charles Village, Baltimore. This property is not currently available for sale. 2203 N Charles St was last sold on Nov 17, 2023 for $346,000 (1% lower than the asking price of $349,000). The current Trulia Estimate for 2203 N Charles St is $358,400.