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1201 S Charles 1201 S Charles St 17 Unit Apartment Building For Sale Baltimore, MD 21230
Investment Highlights
- Opportunity to Acquire a Well-Maintained Mixed-Use Asset in Federal Hill
- Excellent Location in Federal Hill with Easy Access to Downtown and I-95
- Minimal Deferred Maintenance for a New Owner; Offered Significantly Below Replacement Cost
Executive Summary
Harbor Stone Advisors is pleased to present 1201 S Charles., a luxury mixed-use asset located in the Federal Hill neighborhood of Baltimore City. Federal Hill is a historic district adjacent to the Inner Harbor and is home to a variety of bars, restaurants, and entertainment. Residents of 1201 S Charles are just a short walk away from area staples such as Cross Street Market, Federal Hill Park, the American Visionary Art Museum, M&T Bank Stadium, and Oriole Park at Camden Yards.
The property features 16 expansive apartments with a mix of (8) 2 Br-2 Ba and (8) 2 Br-2 Ba with Den, as well as (1) ground floor commercial space. The commercial space is leased to &pizza, a popular pizza chain with 46 locations throughout Washington, DC, Maryland, Virginia, Pennsylvania, and New Jersey. The tenant also just exercised their first 5 year extension option effective June 1, 2026 through May 2031. Completed in 2016, 1201 S Charles holds a LEED Gold certification. The asset was engineered for long-term durability and reduced maintenance through the use of premium steel and brick construction materials. Typical residential unit features include stainless steel appliances, wood cabinets, granite countertops, carpet/tile/hardwood flooring, and in-unit washer/dryers. The apartments also boast high ceilings and floor to ceiling windows creating plentiful natural light. There is a garage on-site with 9 parking spaces as well as an additional 12 spaces across the street at a neighboring garage.
With strong historical occupancy and performance, the opportunity exists for a new owner to organically increase rents at 1201 S Charles. The current owner has also implemented an increase of $25 to the on-site parking upon renewal and/or new lease. A new owner can continue this increase upon acquisition.
The property features 16 expansive apartments with a mix of (8) 2 Br-2 Ba and (8) 2 Br-2 Ba with Den, as well as (1) ground floor commercial space. The commercial space is leased to &pizza, a popular pizza chain with 46 locations throughout Washington, DC, Maryland, Virginia, Pennsylvania, and New Jersey. The tenant also just exercised their first 5 year extension option effective June 1, 2026 through May 2031. Completed in 2016, 1201 S Charles holds a LEED Gold certification. The asset was engineered for long-term durability and reduced maintenance through the use of premium steel and brick construction materials. Typical residential unit features include stainless steel appliances, wood cabinets, granite countertops, carpet/tile/hardwood flooring, and in-unit washer/dryers. The apartments also boast high ceilings and floor to ceiling windows creating plentiful natural light. There is a garage on-site with 9 parking spaces as well as an additional 12 spaces across the street at a neighboring garage.
With strong historical occupancy and performance, the opportunity exists for a new owner to organically increase rents at 1201 S Charles. The current owner has also implemented an increase of $25 to the on-site parking upon renewal and/or new lease. A new owner can continue this increase upon acquisition.
Property Facts
| Sale Type | Investment | Lot Size | 0.17 AC |
| No. Units | 17 | Building Size | 32,468 SF |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 2015 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.65/1,000 SF |
| Building Class | A | ||
| Zoning | C-1 | ||
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.17 AC |
| Building Size | 32,468 SF |
| No. Stories | 5 |
| Year Built | 2015 |
| Parking Ratio | 0.65/1,000 SF |
| Zoning | C-1 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Den
- Island Kitchen
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Controlled Access
- Elevator
- Lounge
- Private Bathroom
- Smoke Detector
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Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $611,455 CAD | |
| Land Assessment | $552,104 CAD | Total Assessment | $5,303,880 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$552,104 CAD
Improvements Assessment
$611,455 CAD
Total Assessment
$5,303,880 CAD
Contacts
-
Brooks Healy -
Justin Verner -
Tom Wohlgemuth -
Kevin Landolphi -
Harbor Stone Advisors
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1201 S Charles | 1201 S Charles St
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