Fells Point Multifamily Investment
For Sale
$2,400,000
1516 Lancaster St, Baltimore, MD 21231
Nine-unit multifamily property in Fells Point with parking and storage.
Property SizeContact for details
Days on Market503
Property Features for 1516 Lancaster St
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$25,217
Building Details
Year Built
1920
Listing Agency:
NEXT STEP REALTY
Listed By:
JAMES T WEISKERGER
(443) 928-3295
Source:
Corcoran
Added: Apr 21, 2025
Changed: Mar 16
Last Checked: Jul 23 at 9:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NEXT STEP REALTY
Investment Insights
Based on property information with market context.
Located in Fells Point, this multi-family property at 1516 Lancaster Street presents an investment opportunity. The building features nine units, each containing 1.5 or 2 bedrooms. The property includes nine dedicated parking spots and nine storage units, along with a detached garage. The property is positioned for rental income and long-term appreciation due to its proximity to the waterfront, restaurants, and nightlife.
Key Highlights
- Prime location in the heart of Fells Point, near the waterfront, restaurants, and nightlife.
- High ROI potential as a 9‑unit multi‑family property.
- Rare amenities including 9 dedicated parking spots, 9 storage units, and a detached garage.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,473
Businesses Nearby
Explore this area
Business Placement
Demographics for 21231, MD
17,062
Population
9,342
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
95%
High-School Grad
0.9 sq mi
ZIP Area
18,958
Density / Sq Mi
$85,382
Median Household Income
$67,289
Median Earnings
$1,710
Median Rent
$336,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Nine-unit multifamily property in Fells Point with parking and storage.
Where is this apartment building located?
The property is located at 1516 Lancaster St Baltimore, MD.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Prime location in the heart of Fells Point, near the waterfront, restaurants, and nightlife.; High ROI potential as a 9‑unit multi‑family property.; Rare amenities including 9 dedicated parking spots, 9 storage units, and a detached garage.
