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MLS: #MDBA2208690, Listed By: Savannah Spanellis, Foraker Realty Co., Source:Bright MLS

1616 Eastern Avenue

BALTIMORE, MD 21231

$565,000 $2,382/Mo

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Overview

Bed

Bath

1,945

Sqft

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 establi sh 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. PHOTOS WITH CONSTRUCTION ARE VIRTUALLY STAGED

Property Details

Property Type : Residential

Price : $565,000

AD Id : 76626047

MLS Id : MDBA2208690

Beds : 4

Living Area Size : 1,945

Year Built : 1890

Garage : 3

County : BALTIMORE CITY

Subdivision: Fells Point Historic District

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 4

Bathroom Information

Total Baths: 3 Full Baths: 3
Interior Features

Appliances: Gas Water Heater
Heating & Cooling

Has Heating: Yes Heating: Natural Gas, Forced Air Cooling: None

Building Information

Year Built: 1890 Building Area Total: 2455 Construction Materials: Brick Patio And Porch Features: Deck Pool Features: None Private Pool: No View: City

Lot Information

Lot Size Source: Estimated Lot Size Square Feet: 0.05

Property Information

Subdivision: FELLS POINT HISTORIC DISTRICT Source Property Type: Residential Postal Code Plus 4: 2331 Property SubType: Townhouse Levels: Three Or More Property Age: 136

Listing Price Information

Listing Price: $565000

Tax Information

Parcel Number: 0303081435 018 Tax Lot: 018 Tax Year: 2025 Annual Tax: $5450

Parking Information

Parking Total: 3 Garage, Attached

Garage Information

Has Garage: Yes Has Attached Garage: Yes Garage Space: 3

Location Information

Direction: From I-895 S take exist 12 onto Lombard St. Take a right onto Bayview Blvd. Then turn right onto Eastern Avenue. Your destination will be on the right. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
637 S Patterson Park Av.., Baltimore, MD, 21231	$399,000	3	3	2,028	2,028 SqFt
513 S Patterson Park Av.., Baltimore, MD, 21231	$375,000	2	3	1,561	1,561 SqFt
2219 Essex Street, Baltimore, MD, 21231	$950,000	5	5	4,323	4,323 SqFt
2226 Essex Street, Baltimore, MD, 21231	$309,900	2	2	1,322	1,322 SqFt
2222 Cambridge Street, Baltimore, MD, 21231	$274,900	3	2	1,830	1,830 SqFt
2214 Fleet Street, Baltimore, MD, 21231	$294,900	3	2	1,320	1,320 SqFt
2125 Cambridge St, Baltimore, MD, 21231	$969,000	5	4	2,982	2,982 SqFt
2116 Bank Street, Baltimore, MD, 21231	$289,900	2	1	1,423	1,423 SqFt
2208 E Lombard Street, Baltimore, MD, 21231	$359,900	3	3	1,488	1,488 SqFt
400 N Patterson Park Av.., Baltimore, MD, 21231	$549,900	6	8	2,929	2,929 SqFt

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ByOwner last updated this listing 06/06/2026 @ 12:14

MLS: MDBA2208690 LISTED BY: Savannah Spanellis, Foraker Realty Co. 484-406-3004 SOURCE: Bright MLS