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523 N Charles St, Baltimore, MD, 21201

2beds
--baths
6,775sqft
$599,000
$88price/sqft
$6,220/moest. monthly cost
$248,800/yrincome needed

About This Home

Exceptional mixed-use/multifamily opportunity in the heart of Baltimore’s historic Mount Vernon district. 523 N Charles St offers approximately 8,975 total square feet, including approximately 2,200 SF of below-grade space, providing incredible flexibility for retail, office, multifamily, live/work, creative, or redevelopment use. Positioned along one of Baltimore’s most recognizable commercial corridors, the property features strong street presence, large windows, high ceilings, multiple levels, and classic architectural character. The expansive layout offers endless possibilities for an investor, owner-user, or developer looking to reposition a landmark property in a high-visibility location. Surrounded by restaurants, nightlife, universities, cultural institutions, and major downtown employers, the property is conveniently located near Penn Station, MICA, the University of Baltimore, the Washington Monument, and downtown Baltimore. The current owners purchased the property in January 2026 for their intended business use, but ultimately determined the property was not the right fit for their operational needs, creating an excellent opportunity for the next owner to bring their vision to life. Property is being sold strictly as-is.

Getting Around

99
WalkingWalker's Paradise
100
TransitRider's Paradise
69
BikeBikeable

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Other
  • Construction materials: Brick,Concrete,Brick Front

Type & Style

  • Home type: MultiFamily
  • Architectural style: Federal,French
  • Property subType: Quadruplex

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Area: 2200

Bedrooms & Bathrooms

  • Bedrooms: 2

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 8,975
  • Total interior livable area: 6,775 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 0311110552 032
  • Zoning: OR-2
  • Special condition: Standard

Features

  • Pool features: None

Lot

  • Lot size: 3,072 sqft

Parking

  • Total spaces: 3
  • Parking features: Driveway,Off Street,Other
  • Has uncovered spaces: Yes
  • Uncovered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveVery High
  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Hurricane
    HurricaneModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Heat Wave
Cold Wave
Inland Flooding
Winter Weather
Hail
Hurricane
Lightning
Strong Wind
Tornado

FEMA Declared Disasters Across Maryland Counties

Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,028$36,336
Home Insurance *$1,646$19,752
Property Taxes $683$8,196
Electricity $863$10,358
Total$6,220$74,640
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$213,257/yr
40% on housing$186,600/yr
45% on housing$165,866/yr

Maryland FAIR Plan Programs

Maryland Joint Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 678Commercial: 44
Total Premiums$854,000
Total Exposure$326.56M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.2%
10.2%
0%30.0%
Electricity Growth Rate10-year average: 8.1%
8.1%
0%15.0%
Property Taxes Growth Rate2-year average: 0.5%
0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$88This listing

vs Other Active Listings

Avg $/sqft

ZIP 21201$141
Baltimore City$102

vs Homes Sold Last Month

Median $/sqft

ZIP 21201$149
Baltimore City$168

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-09Listed for sale$649,000
2026-01-23Sold$602,000
2025-12-01Pending sale$600,000
2025-10-14Contingent$600,000
2025-08-26Listed for sale$600,000

For Sale by Agent

AgentAHMAD WARDAK
BrokerageCompass

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