Charles Village Homes under $500,000

Charles Village Homes under $500,000

Welcome to Charles Village, a vibrant and historic neighborhood nestled in the heart of Baltimore, Maryland. Known for its charming streets and a strong sense of community, Charles Village offers a unique blend of urban convenience and suburban tranquility. This delightful subdivision is characterized by its stunning Victorian homes, tree-lined streets, and a rich tapestry of cultural and educational institutions, making it an ideal place for families, young professionals, and anyone looking to embrace city living.

One of the most appealing aspects of Charles Village is its affordability. With a variety of homes available for under $500,000, this neighborhood provides an excellent opportunity for first-time homebuyers and investors alike. These homes often feature classic architectural details, spacious layouts, and inviting yards, perfect for those who appreciate the charm of older homes while still seeking modern amenities.

In addition to its beautiful residences, Charles Village is home to an array of local shops, cafes, and restaurants that reflect the neighborhood's diverse culture. The proximity to Johns Hopkins University adds an intellectual vibrancy to the area, fostering a lively atmosphere filled with art, music, and community events.

Living in Charles Village means enjoying the best of Baltimore, with easy access to parks, museums, and public transportation. Whether you’re strolling through the picturesque streets, engaging with friendly neighbors, or exploring the local art scene, Charles Village promises a fulfilling urban lifestyle. Come discover your dream home in this enchanting neighborhood today!

Newest Charles Village Homes under $500,000

2704 N Calvert St, Baltimore
$430,000
Fully Leased: All four apartments are occupied, providing rental income from day one while a buyer plans future rent increases and improvements. ● Multiple Paths to Increased Income: Below-market rents, one parking space and potential tenant utility reimbursements provide several ways to increase income without completing a full renovation at once. ● Long-Term Renovation Potential: Apartments can be renovated to the studs in phases, with individual mechanical systems and upgraded finishes supporting higher rents and long-term demand from the surrounding Johns Hopkins community. 2704 North Calvert Street offers four fully leased one-bedroom apartments in varying condition, providing existing income with improvements that can be completed over time. Two apartments have updated kitchens with Shaker-style wood cabinets and newer laminate countertops. The remaining kitchens have a mix of wood and metal cabinetry. Kitchens include 20-inch or 30-inch gas ranges and stainless-steel or porcelain sinks. Bathrooms have wall-mounted sinks or modern vanities, steel or cast-iron tubs, and ceramic tile or fiberglass surrounds. Apartments retain primarily plaster walls and ceilings with a mix of hardwood and vinyl flooring. The building has a central gas-fired boiler with steam radiator heat and a central 40-gallon gas-fired Rheem water heater installed in 2021. There are four electric meters and five gas meters. Tenants pay their in-unit gas and electric. The landlord pays for heat, hot water and water/sewer, creating an opportunity to implement utility bill-backs. A rear wood fire escape is shared with 2702 North Calvert Street. Owner-Occupant Financing Example: If Apartment 1 is made available for purchaser occupancy, a 3.5% down payment and $414,950 loan at 6.50% for 30 years produces an estimated monthly principal, interest, taxes, insurance and mortgage insurance payment of $3,600. Projected rents from the remaining three apartments and parking total $3,425 per month, leaving an estimated monthly housing cost of approximately $175 before utilities, repairs and maintenance. The property also passes the FHA self-sufficiency test. Located in Charles Village near Johns Hopkins University, neighborhood shopping, dining and public transportation, the property offers existing income and multiple paths to long-term value creation through market rent alignment, utility bill-backs and phased renovations.

2704 N Calvert St, Baltimore

Listing courtesy of Ben Frederick Realty, Inc.. Contact:

320 E Lorraine Ave, Baltimore
$299,000
3 Beds ⋅ 2 Baths
Welcome to 320 E Lorraine Ave, a classic Baltimore brick rowhouse, freshly renovated and ready to move in. The main level is open and bright, with new luxury vinyl plank floors, recessed lighting throughout and a striking wood-slat accent wall in the living room. It flows into a spacious dining area that easily fits a table for four or more. The updated kitchen has crisp white shaker cabinets, quartz countertops, matte black hardware and a pull-down faucet, plus a center island with slatted-wood paneling and room for bar stools. Stainless steel appliances include a gas range. The back door opens to a deck and a fully fenced rear yard, a blank canvas for a garden, grilling or play space. Upstairs are three bedrooms with new carpet. The front primary bedroom's three-window bay fills it with natural light and looks out over the tree-lined block. The fully updated bath has floor-to-ceiling marble-look tile, a soaking tub, a slate-look tile floor and modern black fixtures. The unfinished basement has good ceiling height and an exterior entrance, offering plenty of storage or room to add future living space. A new water heater adds peace of mind. Fresh paint, new floors and updated finishes throughout mean all that's left is to move in. The home is minutes from Charles Village, Johns Hopkins' Homewood campus, Remington and Waverly's Saturday farmers market, with easy access to I-83.

320 E Lorraine Ave, Baltimore

Listing courtesy of Samson Properties. Contact:

3211 Guilford Ave, Baltimore
$455,000
● 4 Apartments in Charles Village: A manageable multifamily property located directly across from MedStar Union Memorial Hospital and 2 blocks from Johns Hopkins University. ● Below-Market Rents Create Immediate Upside: Existing rents provide room for meaningful growth through market-rent alignment within the current four-unit configuration. ● Much of the Utility Separation is Already in Place: Individual apartment water heaters, four gas meters, and five electric meters provide a strong foundation for future improvements and operating efficiency. ● Multiple Paths to Value Creation: Operate the property as-is while pursuing market rents, or build upon the existing infrastructure through apartment renovations and capital improvements. 3211 Guilford Avenue is a four-unit multifamily property in Charles Village consisting of three one-bedroom apartments and one studio apartment. Held under long-term ownership, the property reflects deferred maintenance and below-market rents, creating opportunities to improve performance through market-rent alignment, phased apartment renovations, and capital improvements. Kitchens feature wood cabinetry, laminate countertops, steel sinks, and gas ranges. Bathrooms include a mix of pedestal sinks, wall-mounted sinks, and modern vanities with claw-foot, steel, or cast-iron tubs. Living areas have hardwood or vinyl flooring, with primarily plaster walls and ceilings. The property is heated by an oil-fired boiler and has individual water heaters serving each apartment. Tenants pay for electric, cooking gas, and hot water; the owner pays for heat and cold water. Five electric meters and four gas meters provide much of the utility separation already in place. Located directly across from MedStar Union Memorial Hospital, the property is one block from the Johns Hopkins Shuttle and two blocks from Johns Hopkins University Homewood Campus. The Charles Village Shopping District is also one block away. The combination of major nearby employment, university access, neighborhood amenities, and multiple paths to increased income makes 3211 Guilford a well-positioned Charles Village value-add opportunity.

3211 Guilford Ave, Baltimore

Listing courtesy of Ben Frederick Realty, Inc.. Contact:

Baltimore
$425,000
● Value-Add Opportunity: Older kitchens and bathrooms are in working condition, and the building is fully occupied. Updating the apartments creates an opportunity to maximize rents and create long-term value. ● Oversized Apartments: 3,456 square feet of gross building area includes one three-bedroom, two-bath apartment and two two-bedroom, one-bath apartments. ● Tenant-Paid Utilities: Tenants currently pay for gas, electric and water, helping limit the owner’s utility exposure and support monthly cash flow. ● Great Charles Village Location: Wyman Park is across the street, with Johns Hopkins University’s Homewood Campus, R. House, neighborhood shopping and JHU shuttle service nearby. 103 West 29th Street is a fully occupied, three-unit apartment building offering unusually large apartments in a highly walkable Charles Village location. The building includes one three-bedroom, two-bath apartment and two two-bedroom, one-bath apartments within 3,456 square feet of gross building area. The kitchens and bathrooms are older but remain in working condition, allowing a new owner to complete improvements over time. Kitchens include laminate countertops, wood or metal cabinets and 30-inch gas ranges. Bathrooms feature cast-iron tubs with ceramic tile surrounds and ceramic tile or vinyl flooring. Updating the kitchens, bathrooms and interior finishes provides a clear path to modernizing the apartments, maximizing rents and creating long-term value. Each apartment has its own gas-fired furnace and gas-fired water heater. The property is served by four electric meters and three gas meters. Tenants currently pay for gas, electric and water. Wyman Park is directly across the street, while R. House and the Charles Village shopping district are approximately three blocks away. Johns Hopkins University’s Homewood Campus and nearby JHU shuttle service help the property appeal to a broad tenant pool. The Maryland Avenue protected bike lane begins at the end of the block, and Baltimore Penn Station provides convenient regional rail service.

Baltimore

Listing courtesy of Ben Frederick Realty, Inc.. Contact:

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