525 N Charles

525 N Charles St. | Baltimore, MD 21201

Harbor Stone Advisors is pleased to present the opportunity to acquire 525 N Charles, a fully occupied mixed-use asset located in Historic Mount Vernon. 525 N Charles is a 1-minute walk away from The Peabody Institute of the Johns Hopkins University, a private conservatory and preparatory school, and a 5-minute walk away from Mercy Medical Center.

The property features 5 units with a mix of (1) 1 Br-1 Ba, (2) 2 Br-1 Ba and (2) commercial spaces on the ground floor. The commercial spaces are leased to a body contouring studio, who just renewed through 2026, and a spiritual life coach through 2030. Typical apartment unit features consist of white appliances, wood cabinets, laminate countertops, and tile/hardwood/carpet flooring.

The opportunity exists for a new owner to renovate the 3 residential units with a suggested scope of stainless steel appliances, granite countertops, new cabinets, updated bathrooms, and LVT flooring throughout. Comparable properties nearby are currently achieving rents at least 20% higher on average than the Subject property. There is also an ability to monetize the on-site parking space as the tenants are currently not being charged for parking.

Opportunity to Acquire a Fully Occupied, Mixed-Use Asset in Historic Mount Vernon

• Features 5 units with a mix of (1) 1 Br-1 Ba, (2) 2 Br-1 Ba and (2) commercial spaces on the ground floor
• Commercial spaces are leased to a body contouring studio, who just renewed through 2026, and a spiritual life coach through 2030
• Typical apartment unit features consist of white appliances, wood cabinets, laminate countertops, and tile/hardwood/carpet flooring

Ability to Create Value and Increase Rents Via Renovation Program

• Opportunity exists for a new owner to renovate the 3 residential units with a suggested scope of stainless steel appliances, granite countertops, new cabinets, updated bathrooms, and LVT flooring throughout
• Comparable properties nearby are currently achieving rents at least 20% higher on average than the Subject property
• Ability to monetize on-site parking space as the tenants are currently not being charged for parking.

Less than a 5 Minute Walk Away from The Peabody Institute of the Johns Hopkins University and Mercy Medical Center

• Ranked a Walker’s Paradise on WalkScore; numerous transportion options located nearby including the CityLink bus and light rail
• Excellent location in Mount Vernon and walkable to numerous restaurants, shops, and museums
• Major area employers nearby: Mercy Medical Center, University of Maryland Medical Center (UMMC) Midtown Campus
• Major area colleges nearby: The Peabody Institute of the Johns Hopkins University, University of Baltimore, University of Maryland, Baltimore

525 N Charles is located within the Mount Vernon neighborhood in Baltimore City, one of the city’s oldest neighborhoods littered with museums, theatres, and libraries, as well as boutique shops and cafes. The subject properties are nearby top colleges and universities, including Maryland Institute College of Art (MICA), one of the country’s premier art schools, and Johns Hopkins University.

Walkability is the name of the game, and the property is within walking distance of a plethora of retail and entertainment. This historic neighborhood features attractions like the Washington Monument, Walters Art Museum, the George Peabody Library, and top eateries like Restaurante Tio Pepe and Sotto Sopra. Minutes to the historic Bolton Hill neighborhood, which features significant landmarks such as MICA, the former home of author F. Scott Fitzgerald, and the Francis Scott Key monument.

The property is a 5-minute drive from Baltimore’s historic Penn Station, which is set to receive $150 million in renovations in the coming years. Penn Station offers convenient access to public transportation, with access to Amtrak trains and the MARC commuter train to Washington, D.C. Additionally, the property is less than a half-mile from the nearest LightRail Station, which provides direct access north to Hunt Valley and south to BWI Airport. The nearest Subway Station, which provides direct access to Johns Hopkins Hospital (30,000 employees), is less than one mile away.

Proximity to the Peabody Institute of the Johns Hopkins University 

The Peabody Institute of The Johns Hopkins University is a private conservatory and preparatory school in Baltimore, Maryland. Founded in 1857 and opened in 1866 it is the oldest conservatory in the United States. Enrollment at the Institute has grown over 40% since 2017.