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$1,200,000
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Property Description
This mixed-use property offers stable, long-term commercial income paired with two supersized luxury apartments, all fully gut-rehabbed in 2016-a rare chance to enter the Downtown Baltimore market at an approachable scale with true pride of ownership. Located on North Charles Street, Baltimore's "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"² to 10"²8"³ ceiling heights, quality finishes, and updated systems, while ground-level retail supports consistent tenant demand-making this a low-maintenance, long-term investment in one of the city's 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"³ 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 Baltimore's "Main Street." Charles Street serves as the dividing line between East and West Baltimore and has long been home to quality restaurants, cafés, 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 units-potentially increasing monthly income, improving rentability and enhancing overall property value. What's 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 Baltimore's "Main Street." Charles Street serves as the center street for Baltimore City and has long been home to quality restaurants, cafés, 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.
Full Property Details
Full Property Details for 338 N Charles St
General
- Price: $1,200,000
- Taxes: $11,972 (2025)
- Status: Active
- Type: Apartment
- Source: BrightMLSMidAtlantic
- MLS ID: MDBA2194906
- Updated: 12/17/2025
- Added to Site: 36 day(s) ago
Business
- Business Type: Medical, Professional, Apartment Building, Other/Gene
Parking
- Parking Type: None
Location
- Municipality: Baltimore City
- County: BALTIMORE CITY
- Subdivision: DOWNTOWN
- Driving Directions: GPS
- City Limits: Yes
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Heat Pump(s)
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Roof: Pitched, Shingle, Flat, Rubber
- Building Size: 8800
- Year Built: 1920
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.07
- Lot Size (Sq. Ft.): 3,000
- Lot Size Source: Assessor
- Lot Dimensions: 25' x 120'
- Zoning: C-5HT
Financial Considerations
- Price Per Sq. Ft.: $136.36
- Assessment Year: 2025
- City/TownTax: $11,404
- City/TownTax Freq: Annually
- County Tax: $568
- County Tax Freq: Annually
- Tax w/Assessment: $507,300
- Tax Amount: $11,972
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Tenant's possessions excluded.
- Inclusions: 2 30" electric ranges, 2 dishwashers, 2 built-in microwaves, 2 refrigerators, 2 clothes washers and 2 clothes dryers
- Lot Number: 9
Listed by Ben Frederick Realty, Inc., Will A Cannon III
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Schools
Schools serving 338 N Charles St
School District:Baltimore City Public Schools
| Name | Grades | Distance |
|---|---|---|
The Historic Samuel Coleridge-Taylor Elementary School 507 West Preston Street, Baltimore, MD 21201 | PK-5 | 0.6 mi |
Booker T. Washington Middle School 1301 McCulloh Street, Baltimore, MD 21217 | 6-8 | 0.9 mi |
Stadium School 1400 Exeter Hall Avenue, Baltimore, MD 21218 | 6-8 | 2 mi |
Paul Laurence Dunbar High School 1400 Orleans Street, Baltimore, MD 21231 | 9-12 | 0.9 mi |
Vivien T. Thomas Medical Arts Academy 100 North Calhoun Street, Baltimore, MD 21223 | 9-12 | 1.3 mi |
Digital Harbor High School 1100 Covington Street, Baltimore, MD 21230 | 9-12 | 1.3 mi |
Augusta Fells Savage Institute Of Visual Arts 1500 Harlem Avenue, Baltimore, MD 21217 | 9-12 | 1.4 mi |
Frederick Douglass High School, Baltimore, MD 2301 Gwynns Falls Parkway, Baltimore, MD 21217 | 9-12 | 2.5 mi |
Edmondson-Westside High School 501 North Athol Avenue, Baltimore, MD 21229 | 9-12 | 3.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 338 N Charles St
Date
Details
Price
Change
Source
12/12/2025
Listed
$1,200,000
84.62%
MLS
12/01/2005
Sold
$650,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 338 N Charles St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$11,555
—
$507,300
4%
2023
$11,555
—
$489,600
—
2022
$11,555
-7%
$489,600
-7%
2021
$12,399
—
$525,400
—
2020
$12,340
—
$525,400
—
2019
$12,399
3%
$525,400
3%
2018
$12,039
3%
$510,133
3%
2017
$11,679
4%
$494,867
3%
2016
$11,265
—
$479,600
-6%
2015
$11,319
-10%
$508,400
-3%
2013
$12,535
—
$526,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 338 N Charles St
338 N Charles Street, Baltimore, MD 21201 (MLS# MDBA2194906) is a Apartment property. 338 N Charles Street is currently listed for $1,200,000 and was received on December 12, 2025. Want to learn more about 338 N Charles Street? Do you have questions about finding other Apartment real estate for sale in Baltimore? You can browse all Baltimore real estate or contact a Coldwell Banker agent to request more information.

