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    Side-by-Side Duplex with 3-Car Garage Title is generated by Realmo AI

    1616 EASTERN Avenue, Baltimore, MD 21231

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    For Sale
    $565,000

    MULTI_FAMILY - Federal - BALTIMORE, MD

    Property size:
    1,945 SF
    Price / SF:
    $290/SF
    Added:
    Mar 31, 2026
    Days on Market:
    84
    Last Refresh:
    Jun 22 at 7:06 pm

    Property Features for 1616 EASTERN Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    3
    Parking features
    Garage - Attached
    Standard status
    Active
    Size
    1,945 SF

    Taxes and HOA fees

    Tax Annual Amount
    5450

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1890
    Number of units
    2
    Building materials
    Brick
    Architectural style
    Federal

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    Listing Contact
    Savannah Marie Spanellis

    Listing agent Savannah Marie Spanellis License #5021934

    Listing office Cummings & Co. Realtors 108 W Timonium Road unit: 100, Baltimore, MD

    Listing date Mar 31, 2026

    MLS# MDBA2208888 Listing URL

    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

    • Built in 1890 with Federal architectural style and brick construction
    • Side‑by‑side duplex with 2 units: 3 bed/2 bath and 1 bed/1 bath (both currently vacant)
    • Approx. 1,945 SF of living space and C‑1 (Commercial) zoning for residential, mixed‑use, or business uses
    • Hybrid rental history reported at approx. $47,000 annually before expenses using one short‑term and one long‑term unit
    • Approx. 1,000 SF attached 3‑car garage plus potential for future expansion, including potential to build above (subject to city approval)
    • Includes a private rooftop deck and an unfinished basement for storage or future use

    Overview

    Built in 1890, this side-by-side duplex offers approximately 1,945 square feet of living space and two separate units. Unit A features three bedrooms and two bathrooms, while Unit B features one bedroom and one bathroom. Both units are currently vacant, giving an owner-occupant or investor flexibility to lease on a long-term basis, short-term basis, or a combination of strategies. The interior layout includes open living and dining areas with natural light throughout, and there is an unfinished basement suitable for storage or future use. A rooftop deck adds private outdoor space.

    The property is zoned C-1 (Commercial), supporting a range of residential, mixed-use, or business applications. A major feature is the approximately 1,000 square foot three-car garage, a rare amenity in this setting. While the garage is not currently configured as living space, it presents a foundation for expansion, including the potential to build above subject to City of Baltimore approval. The home is positioned in the heart of Fell’s Point and is within walking distance of the waterfront, restaurants, nightlife, and local shops.

    With both units vacant, the property can be reintroduced quickly for rental occupancy or owner use. The seller previously implemented a hybrid approach, operating one unit as a short-term rental and leasing the other long-term, generating approximately $47,000 annually before expenses. For buyers seeking a versatile duplex with commercial zoning flexibility and development-minded improvements, this asset combines existing income history with meaningful expansion options.

    Local Financial Insights For Multifamily LT 5

    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 $43.2k $22.20
    − Vacancy −$2.4k −$1.22
    EGI $40.8k $20.98
    − OpEx −$12.2k −$6.29
    NOI $28.6k $14.69
    1,945 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $408.0K
    $357.0K – $476.1K (±1% cap)
    NOI $28,563 @ 7.0% cap · market cap 5.06%
    Second Best
    Apartment 5plus
    $362.0K
    $316.8K – $422.3K (±1% cap)
    NOI $25,340 @ 7.0% cap · market cap 4.48%
    Theoretical Best
    Office A
    $466.0K
    $407.7K – $543.6K (±1% cap)
    NOI $32,618 @ 7.0% cap · market cap 5.77%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Doctor Locksmith 24 ... Locksmith

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.59472
    Latitude
    39.28579

    FAQs

    What type of property is this?
    Duplex - Side-by-side duplex with two vacant units, rooftop deck, and an attached three-car garage for possible future expansion.
    Where is this duplex located?
    The property is located at 1616 EASTERN Avenue Baltimore, MD.
    What is the asking price?
    The asking price for this property is $565,000.
    What are key features of this property?
    This property features: Built in 1890 with Federal architectural style and brick construction; Side‑by‑side duplex with 2 units: 3 bed/2 bath and 1 bed/1 bath (both currently vacant); Approx. 1,945 SF of living space and C‑1 (Commercial) zoning for residential, mixed‑use, or business uses
    More about this property
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