Fells Point Mixed-Use
2112 FLEET Street Baltimore, MD 21231
For Sale
$875,000
MULTI_FAMILY - BALTIMORE, MD
Property Size5,288 SF
Lot Size0.05 Acres
Price / SF$165.47
Days on Market80
Property Features for 2112 FLEET Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Interior features
- Bar, Bathroom - Stall Shower, Carpet
- Standard status
- Active
- Size
- 5,288 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7735
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Number of units
- 1
- Building materials
- Brick
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(410) 583-0400
Listed By:
Robert J Breeden · License #632462
(410) 929-2491
Added: May 7
Changed: Jun 9
Last Checked: Jul 25 at 1:06PM
MLS# MDBA2211994
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This historic mixed-use building is located in the heart of the vibrant Fells Point neighborhood. The property features a fully operating bar and restaurant space on the main level, complete with a commercial kitchen, spacious bar area, dedicated dining and entertaining space, multiple seating areas, storage, and operational infrastructure. The high-visibility location benefits from consistent foot traffic generated by the surrounding restaurants, nightlife, waterfront attractions, and tourism. Above the bar are three residential apartment units. The apartments offer an opportunity to generate consistent rental income in a highly desirable urban location. The combination of commercial income below and residential income above creates a well-balanced mixed-use investment. The property is rich with historic architectural details and positioned within walking distance to the waterfront, marinas, boutique shopping, renowned restaurants, entertainment venues, and major commuter routes. The property has a lot size of 0.0483 acres and a property size of 5288 square feet.
Key Highlights
- Income‑producing mixed‑use building with a fully operating bar/restaurant and three residential apartments.
- Prime location in the heart of Fells Point, benefiting from high foot traffic and proximity to waterfront attractions.
- Diversified revenue streams from both commercial and residential units, offering stable cash flow.
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.9k | $24.00 |
| − Vacancy | −$10.2k | −$1.92 |
| EGI | $116.8k | $22.08 |
| − OpEx | −$43.8k | −$8.28 |
| NOI | $73.0k | $13.80 |
5,288 SF · lease $24.00/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Specialty Retail
$1.22M
$1.07M – $1.42M
NOI $85,451 @ 7.0% cap · market cap 9.77%
Second Best
Mixed Use
$1.04M
$912.2K – $1.22M
NOI $72,974 @ 7.0% cap · market cap 8.34%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,680 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bars & Pubs
FAQs
What type of property is this?
Mixed-use property - Historic mixed-use building in Baltimore's vibrant Fells Point neighborhood.
Where is this mixed-use property located?
The property is located at 2112 FLEET Street Baltimore, MD.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Income‑producing mixed‑use building with a fully operating bar/restaurant and three residential apartments.; Prime location in the heart of Fells Point, benefiting from high foot traffic and proximity to waterfront attractions.; Diversified revenue streams from both commercial and residential units, offering stable cash flow.
