338 N Charles Street
Baltimore, MD, 21201 $ 1,200,000
Bedrooms-- Baths-- Sq 6,200 Monthly Estimate*
$ 7,389
for $1,200,000. This 6,200 square foot building was built in 1920 on a lot size of 0.07.
This mixed-use property offers stable, long-term commercial income paired with two supersized luxury apartments, all fully gut-rehabbed in 2016a rare chance to enter the Downtown Baltimore market at an approachable scale with true pride of ownership. Located on North Charles Street, Baltimores Main Street, the building benefits from strong visibility, walkability, and steady foot traffic serving both the downtown workforce and nearby Mount Vernon residents. The apartments feature impressive 9 to 108 ceiling heights, quality finishes, and updated systems, while ground-level retail supports consistent tenant demandmaking this a low-maintenance, long-term investment in one of the citys most recognizable corridors. Interiors: The first-floor dental office has operated in this location for more than 30 years and features modern, recently renovated improvements. The suite includes five dental chairs, four dedicated workspaces, a kitchenette, lab area, and storage rooms. A carpeted waiting area and hardwood workspaces create a professional environment, with two half-baths finished in ceramic tile. The terrace-level retail suite includes two large showrooms, two private offices, and two half-baths, with laminate flooring throughout and a mix of fixed and suspended grid ceilings a versatile layout for service or boutique retail uses. The second-floor, two-bedroom, two-bathroom apartment offers an impressive 2,119 sq. ft. of living space with hardwood flooring in the living areas and ceramic tile in the kitchen and baths. The third-floor, one-bedroom, one-bathroom apartment provides 978 sq. ft. of living space and features attractive parquet flooring with ceramic tile in the bath. Both apartments are in exceptional condition and include granite countertops, wood shaker cabinets, and modern stainless-steel appliances, including 30 electric ranges, dishwashers, built-in microwaves, and disposals. Each unit has its own washer and dryer, offering in-unit convenience for residents and reducing maintenance responsibilities for the owner. The 300 block of North Charles Street is a distinctive stretch of historic retail storefronts with renovated upper-floor apartments, where both businesses and residents benefit from an address on Baltimores Main Street. Charles Street serves as the dividing line between East and West Baltimore and has long been home to quality restaurants, cafs, and neighborhood food providers. This block transitions shoppers and professionals from Downtown to the Mount Vernon Historic District, adding value through visibility and steady pedestrian activity. Kitchens, bathrooms, heating and cooling systems, and electric service have all been updated and modernized, keeping the stores and apartments attractive to users, residents, and their guests or customers. A well-maintained building with modern systems offers dependable performance and limited need for improvements. The second-floor, 2,119-square-foot, two-bedroom apartment presents an opportunity for value creation by converting it into two one-bedroom unitspotentially increasing monthly income, improving rentability and enhancing overall property value. Whats Special: The 300 block of North Charles Street is a distinctive stretch of historic retail storefronts with upper-floor apartments, where both businesses and residents benefit from an address on Baltimores Main Street. Charles Street serves as the center street for Baltimore City and has long been home to quality restaurants, cafs, and neighborhood food providers. This block transitions shoppers and professionals from Downtown to the Mount Vernon Historic District, adding value through visibility and steady pedestrian activity.
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Commercial ActiveMedical,Professional,Apartment Building,/General R
FeaturesInteriorHeating Fuel Electric
Hot Water Electric
Heating Y/N Y
Central Air Y/N Y
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GeneralSewer Public Sewer
Heating Heat Pump(s)
Cooling Central A/C
Possession Settlement Subject to Existing Lease
Roof Pitched Shingle Flat Rubber
Zoning C-5HT
Construction Materials Brick
Exclusions Tenant's possessions excluded.
Year Built 1920
Property Subtype Mixed Use
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality Baltimore City
Business Type Medical Professional Apartment Building Other/General Retail
Accessibility None
County BALTIMORE CITY
New Construction N
Property Type Commercial Sale
Subdivision Name DOWNTOWN
Water Access Y/N N
Status ACTIVE
Directions GPS
City BALTIMORE
Number Of Units Total 4
Lot Size Units Square Feet
Lot Size Square Feet 3000.00
Tax Annual Amount 11972.0
Price Per Sq Ft Total AG 136.36
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Legal Subdivision Ward 4
Tax Lot 009
Total Actual Rent 89919.00
Cap Rate 8.48
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ExteriorWater Source Public
Inclusions 2 30 electric ranges 2 dishwashers 2 built-in microwaves 2 refrigerators 2 clothes washers and 2 clothes dryers
Type of Parking None
Water View Y/N N
Building Area Total 8800.00
Lot Dimensions 25'x120'
Lot Size Acres 0.07
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 165000.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByBen Frederick Realty, Inc.Broker
will@benfrederick.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,389
- Monthly Property Taxes
- $998
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Baltimore, MD
Average List Price $803,668
Percent of Sale Price 33%
About Baltimore, MD 611,326 Population
-6% Since 2002
$ 46,538 Median Income
36.71 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/12/2025 | $1,200,000 | | Listed Price |