1616 Eastern Ave, Baltimore, MD 21231
Local realty services provided by:Better Homes and Gardens Real Estate Valley Partners
1616 Eastern Ave,Baltimore, MD 21231
$565,000
- 3 Beds
- - Baths
- 1,945 sq. ft.
- Multi-family
- Active
Listed by: savannah marie spanellis
Office: cummings & co. realtors
MLS#:MDBA2208888
Source:BRIGHTMLS
Price summary
- Price:$565,000
- Price per sq. ft.:$290.49
About this home
Prime C-1 development opportunity with 3-car garage and potential to build above in the heart of Fell's Point. Located in one of Baltimore’s most vibrant waterfront communities, 1616 Eastern Avenue presents a rare opportunity to acquire a side-by-side duplex with strong income potential and significant development upside. Built in 1890, this property offers approximately 1,945 square feet of living space and is zoned C-1 (Commercial), allowing for a wide range of residential, mixed-use, or business applications in a highly walkable, high-demand location.
The property features two separate units, including a three-bedroom, two-bathroom residence and a one-bedroom, one-bathroom unit. Both units are currently vacant, providing immediate flexibility for an investor or owner-occupant to establish new rental strategies or occupy one unit while generating income from the other. The interiors offer functional layouts with open living and dining areas and natural light throughout, creating a solid foundation for customization and future value.
The previous owner successfully implemented a hybrid rental strategy, operating one unit as a short-term rental while leasing the other long-term, generating approximately $47,000 annually before expenses. This established income history provides a strong baseline with additional upside potential.
A standout feature is the approximately 1,000 square foot three-car garage, a rare amenity in this location. While not currently configured as living space, it presents a compelling opportunity for future expansion, including the potential to build above, subject to approval by the City of Baltimore. This offers the ability to significantly increase the property’s overall square footage and income-producing capacity.
Additional highlights include a private rooftop deck, providing valuable outdoor space in an urban setting, as well as an unfinished basement suitable for storage or future use. The side-by-side configuration further enhances flexibility for a variety of ownership and investment strategies.
Ideally positioned just steps from the waterfront, restaurants, nightlife, and local shops, this property benefits from the energy and demand of one of Baltimore’s most desirable neighborhoods. With its prime location, flexible zoning, established income history, and development potential, 1616 Eastern Avenue represents a unique opportunity for investors, developers, or owner-occupants seeking a versatile and high-upside asset. UPCOMING OPEN HOUSE IS CANCELLED! WILL BE RESCHEDULED....
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Home facts
- Year built:1890
- Listing ID #:MDBA2208888
- Added:117 day(s) ago
- Updated:July 23, 2026 at 07:32 PM
Rooms and interior
- Bedrooms:3
- Living area:1,945 sq. ft.
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1890
- Building area:1,945 sq. ft.
- Architectural Style:Federal
- Construction Materials:Brick
- Exterior Features:Deck(s)
- Foundation Description:Stone
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$565,000
- Price per sq. ft.:$290.49
- Tax amount:$5,450 (2025)
Parking
- Parking description:Attached Garage, Garage - Rear Entry
- Garage:Yes
- Garage spaces:3
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