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Listed price in listed location currency (USD).
$570,000

433

MLS® MDBA2208690

  • Key Facts
  • Description
  • Map

Key Facts

Type Townhouse
Levels Residential
Size 1945 sqft
Garage Yes
Taxes $5,450
Days Active 21
Lot Size 
Approx. Age 1890
Avg. Price Per Sqft $293
MLS® Number MDBA2208690

Property Address: 1616 Eastern Ave, BALTIMORE, MD, 21231-2331

Average square foot calculated using Size range provided by listing agent.

Description

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 CANCELLED! WILL BE RESCHEDULED.
MLS® NumberMDBA2208690
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1890
Basement
DrivewayAttached Garage
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 28, 2026List Date
$570,000List Price

Home Appraisal

This property is estimated to sell between: $482,000 and $614,000.
Similar properties in this area sold on average for: $482,013
Expected to sell in 72 days. Similar properties sold in 93 days. This home has been on eXp Realty for 21 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
1616 Eastern Ave, Baltimore, MD

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