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1516 Lancaster Street Baltimore, MD $ 2,400,000
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$ 2,400,000 Get more info
1516 Lancaster Street
$ 2,400,000
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1516 Lancaster Street

Baltimore, MD, 21231
$ 2,400,000
Bedrooms-- Baths-- Sq 8,490

Monthly Estimate*

$ 14,973

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Commercial Property for sale in Baltimore, MD

for $2,400,000. This 8,490 square foot building was built in 1920 on a lot size of 0.12.

Incredible investment opportunity in the heart of Fells Point! This 9-unit multi-family property at 1516 Lancaster Street offers everything a savvy investor could wanthigh ROI potential, prime location, and rare amenities. Each unit features 1.5 or 2 bedrooms, and the building includes 9 dedicated parking spots, 9 storage units, and a detached garagea true luxury in this area. With close proximity to the waterfront, restaurants, and nightlife, this turnkey property is perfectly positioned for strong rental income and long-term appreciation. Dont miss your chance to own a premier asset in one of Baltimores most desirable neighborhoods.

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Commercial Active

Price

$ 2,400,000

Property Type

Commercial

Taxes

$ 25,217

Style

Apartment Building

Lot Size

0.12

Year Built

1920

Town/City

Baltimore

County/Region

Baltimore City

MLS | Web ID

MDBA2164722
Features
Interior
Heating Fuel Electric
Hot Water Electric
Heating Y/N Y
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Settlement
Roof Asphalt
Zoning R-8
Construction Materials Brick Wood Siding
Year Built 1920
Property Subtype Five Or More Units
Tax Year 2024
Ownership Fee Simple
Cool Fuel Electric
Municipality Baltimore City
Section 07
Business Type Apartment Building
Accessibility None
County BALTIMORE CITY
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions See GPS to 1516 Lancaster Street Baltimore MD21231
City BALTIMORE
Number Of Units Total 9
Lot Size Units Square Feet
Lot Size Square Feet 5049.00
Tax Annual Amount 25217.0
Price Per Sq Ft Total AG 319.15
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Legal Subdivision Ward 3
Tax Lot 023
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Exterior
Water Source Public
Type of Parking None
Water View Y/N N
Building Area Total 7520.00
Lot Size Acres 0.12
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 378600.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1516
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* Excluded Features
List By
Next Step Realty

Broker

james@thewhomegroup.com

Email

Affordability Calculator

$17,074
Per Month
88%
12%
0%
Monthly Principal & Interest
$14,973
Monthly Property Taxes
$2,101
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/22/2025$2,400,000 Listed Price

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1516 Lancaster Street, Baltimore, MD, 21231 is a Commercial Property for sale at $2,400,000 with 8,490 sqft and a lot size of 0.12. 1516 Lancaster Street was built in 1920. The property's zip code is 21231 which is in Baltimore, MD

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