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Three-Story Brick Mixed-Use Building
For Sale
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1601 Frederick Ave, Baltimore, MD 21223

Corner property combines commercial storefronts, residential units, and an unfinished basement requiring updates.

Property SizeContact for details
Days on Market131

Property Features for 1601 Frederick Ave

General Information

Standard status Active
Property subtype Multifamily

Property Condition

Severity Repairs Needed
Evidence need of updating

Units

Unit Mix 3 x 2BR/1BA
Multifamily Units 3

Building Details

Buildings 1
Stories 3
Construction brick
Tenancy Multi
Listing Agency: Alex Cooper Auctioneers, Inc
Listed By: Matthew Cooper · License #MD 594308
Source: Crexi
Added: Apr 24 Changed: Aug 31 Last Checked: Aug 31 at 12:01AM

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 Alex Cooper Auctioneers, Inc

Investment Insights

Based on property information with market context.

This three-story brick mixed-use property contains approximately 3,609± above-grade SF and is configured as five units. The main level includes two storefronts, one currently used as a commercial storefront and the other operated as a salon. The upper floors contain three residential units, each described as having living and dining areas, a full bathroom, and two bedrooms. An unfinished lower-level basement provides storage and houses utilities.

Located at 1601 Frederick Ave at the corner of S Gilmor and Frederick Ave in Baltimore’s Union Square area, the building combines street-level commercial space with residential occupancy. A current Baltimore City rental license covers three residential units. The property requires updating, and the source information identifies multiple tenants as not current on rent, with one tenant holding over. Due diligence materials include leases, a lead certificate, and rental-license documentation.

Key Highlights

  • 3,609± above‑grade SF in a three‑story brick building
  • Configured as 5 units with commercial and residential components
  • Two main‑level storefronts, including a salon space

Property Analytics

Current Use

Busy Bee Restaurant

Suggested Use

Top Pick Law Firm Real Estate Agency Bakery Skin Care Clinic Computer & Electronic Repair Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,724
Businesses Nearby

Demographics for 21223, MD

20,438
Population
13,034
Households
1.6
Avg Household Size
37
Median Age
12%
College-Educated
75%
High-School Grad
2.6 sq mi
ZIP Area
7,861
Density / Sq Mi
$41,828
Median Household Income
$33,367
Median Earnings
$1,110
Median Rent
$93,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Corner property combines commercial storefronts, residential units, and an unfinished basement requiring updates.
Where is this mixed-use property located?
The property is located at 1601 Frederick Ave Baltimore, MD.
What are key features of this property?
This property features: 3,609± above‑grade SF in a three‑story brick building; Configured as 5 units with commercial and residential components; Two main‑level storefronts, including a salon space
(410) 977-4711 Call to check price and availability
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