1608 EASTERN Avenue, Baltimore, MD 21231
MULTI_FAMILY - Other - BALTIMORE, MD
- Added:
- Apr 2, 2026
- Days on Market:
- 83
- Last Refresh:
- Jun 23 at 10:06 am
Property Features for 1608 EASTERN Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Dining Room
- Parking features
- Off Street
- Interior features
- Ceiling Fan(s), Dining Area, Floor Plan - Traditional, Store/Office, Wood Floors
- Appliances
- Dryer, Oven/Range - Electric, Refrigerator, Washer
- Standard status
- Active Under Contract
- Size
- 1,803 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7563
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Number of units
- 1
- Building materials
- Combination
- Architectural style
- Other
Listing agent John R Murrow License #602545 (443) 386-5639
Listing office Corner House Realty 1717 Edmondson Avenue, Catonsville, MD (443) 499-3839
Listing date Apr 2, 2026
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.
HighLights
- Commercial space at 1608 Eastern Ave in the heart of Fells Point, with main‑floor office/retail/business use
- Top two floors have separate entrance and separate meters, offering residential rental space with 2 bedrooms, loft area, kitchen, full bath, and washer/dryer
- Exposed brick throughout plus wood floors and a traditional floor plan
- Main floor includes a half bath and kitchenette, along with multiple office areas and a dedicated store/office space
- Central air and heat pump heating
- Off‑street parking; appliances include washer, dryer, refrigerator, and electric oven/range
Overview
Located in the heart of Fells Point in Baltimore, the property combines commercial space and residential rental potential in a single building. Separate entrances and meters support privacy between levels, while the overall footprint allows for multiple operating scenarios depending on the tenant or owner’s plan.
This offering may appeal to buyers seeking to combine a storefront-style workspace with an income-producing residential rental configuration. The separate residential entrance and meters can help simplify management across uses, while the main level’s half bath and kitchenette support day-to-day business operations. Cash or commercial financing is available, and there are no showings on Wednesdays.
Local Financial Insights For Retail
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 | $38.9k | $21.60 |
| − Vacancy | −$2.5k | −$1.38 |
| EGI | $36.5k | $20.22 |
| − OpEx | −$10.9k | −$6.07 |
| NOI | $25.5k | $14.15 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.59493
- Latitude
- 39.28569
