Fells Point Mixed-Use
301 S ANN Street Baltimore, MD 21231
For Sale
$595,500
MULTI_FAMILY - Federal - BALTIMORE, MD
Property Size3,771 SF
Lot Size0.04 Acres
Price / SF$157.92
Days on Market80
Property Features for 301 S ANN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 3,771 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11114
Utilities
- Heating system
- Other (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1900
- Number of units
- 4
- Building materials
- Brick
- Architectural style
- Federal
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# MDBA2211992
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 mixed-use property is located in Fells Point and features an operating bar on the main level with residential apartments above. The apartments are currently rented, providing rental income. The property offers cash flow potential, long-term appreciation, and mixed-use appeal. It is located in a prime location surrounded by dining, nightlife, and entertainment. The lot size is 0.04 acres and the property size is 3771 square feet.
Key Highlights
- Operating bar on the main level provides immediate income.
- Residential apartments above the bar are currently rented, ensuring consistent cash flow.
- Prime location in the heart of Fells Point, Baltimore, with high visibility and foot traffic.
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 | $90.5k | $24.00 |
| − Vacancy | −$7.2k | −$1.92 |
| EGI | $83.3k | $22.08 |
| − OpEx | −$31.2k | −$8.28 |
| NOI | $52.0k | $13.80 |
3,771 SF · lease $24.00/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Specialty Retail
$870.5K
$761.7K – $1.02M
NOI $60,937 @ 7.0% cap · market cap 10.23%
Second Best
Mixed Use
$743.4K
$650.5K – $867.3K
NOI $52,040 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$903.4K
$790.5K – $1.05M
NOI $63,240 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Benders
Bar & Pub
FAQs
What type of property is this?
Mixed-use property - Historic Fells Point property with bar and apartments.
Where is this mixed-use property located?
The property is located at 301 S ANN Street Baltimore, MD.
What is the asking price?
The asking price for this property is $595,500.
What are key features of this property?
This property features: Operating bar on the main level provides immediate income.; Residential apartments above the bar are currently rented, ensuring consistent cash flow.; Prime location in the heart of Fells Point, Baltimore, with high visibility and foot traffic.
