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Listed by Savannah Spanellis • Foraker Realty Co.
$ 570,000
Est. payment | /mo
1,945 SqFt
$ 570,000
Est. payment | /mo
1,945 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,945 sqft
Price per Sqft $293
MLS Listing ID MDBA2208888
Style Federal
Abv Grd Liv Area 1,945
Year Built 1890
Annual Tax Amount $5,450
Tax Year 2025
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Prime C-1 development opportunity with 3-car garage and potential to build above in the heart of Fell's Point. Located in one of Baltimore's most vibrant waterfront communities, 1616 Eastern Avenue presents a rare opportunity to acquire a side-by-side duplex with strong income potential and significant development upside. Built in 1890, this property offers approximately 1,945 square feet of living space and is zoned C-1 (Commercial), allowing for a wide range of residential, mixed-use, or business applications in a highly walkable, high-demand location.
The property features two separate units, including a three-bedroom, two-bathroom residence and a one-bedroom, one-bathroom unit. Both units are currently vacant, providing immediate flexibility for an investor or owner-occupant to establish new rental strategies or occupy one unit while generating income from the other. The interiors offer functional layouts with open living and dining areas and natural light throughout, creating a solid foundation for customization and future value.
The previous owner successfully implemented a hybrid rental strategy, operating one unit as a short-term rental while leasing the other long-term, generating approximately $47,000 annually before expenses. This established income history provides a strong baseline with additional upside potential.
A standout feature is the approximately 1,000 square foot three-car garage, a rare amenity in this location. While not currently configured as living space, it presents a compelling opportunity for future expansion, including the potential to build above, subject to approval by the City of Baltimore. This offers the ability to significantly increase the property's overall square footage and income-producing capacity.
Additional highlights include a private rooftop deck, providing valuable outdoor space in an urban setting, as well as an unfinished basement suitable for storage or future use. The side-by-side configuration further enhances flexibility for a variety of ownership and investment strategies.
Ideally positioned just steps from the waterfront, restaurants, nightlife, and local shops, this property benefits from the energy and demand of one of Baltimore's most desirable neighborhoods. With its prime location, flexible zoning, established income history, and development potential, 1616 Eastern Avenue represents a unique opportunity for investors, developers, or owner-occupants seeking a versatile and high-upside asset. UPCOMING OPEN HOUSE IS CANCELLED! WILL BE RESCHEDULED.
The property features two separate units, including a three-bedroom, two-bathroom residence and a one-bedroom, one-bathroom unit. Both units are currently vacant, providing immediate flexibility for an investor or owner-occupant to establish new rental strategies or occupy one unit while generating income from the other. The interiors offer functional layouts with open living and dining areas and natural light throughout, creating a solid foundation for customization and future value.
The previous owner successfully implemented a hybrid rental strategy, operating one unit as a short-term rental while leasing the other long-term, generating approximately $47,000 annually before expenses. This established income history provides a strong baseline with additional upside potential.
A standout feature is the approximately 1,000 square foot three-car garage, a rare amenity in this location. While not currently configured as living space, it presents a compelling opportunity for future expansion, including the potential to build above, subject to approval by the City of Baltimore. This offers the ability to significantly increase the property's overall square footage and income-producing capacity.
Additional highlights include a private rooftop deck, providing valuable outdoor space in an urban setting, as well as an unfinished basement suitable for storage or future use. The side-by-side configuration further enhances flexibility for a variety of ownership and investment strategies.
Ideally positioned just steps from the waterfront, restaurants, nightlife, and local shops, this property benefits from the energy and demand of one of Baltimore's most desirable neighborhoods. With its prime location, flexible zoning, established income history, and development potential, 1616 Eastern Avenue represents a unique opportunity for investors, developers, or owner-occupants seeking a versatile and high-upside asset. UPCOMING OPEN HOUSE IS CANCELLED! WILL BE RESCHEDULED.
Location
State MD
County Baltimore City
Zoning R
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Exterior Feature Deck(s)
Parking Features Garage - Rear Entry
Garage Spaces 3.0
Water Access N
View City
Accessibility None
Porch Deck(s)
Attached Garage 3
Total Parking Spaces 3
Garage Y
Building
Foundation Stone
Above Ground Finished SqFt 1945
Sewer Public Sewer
Water Public
Architectural Style Federal
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0303081435 018
Ownership Fee Simple
SqFt Source 1945
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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