Under contract

$2,400,000

1516 Lancaster St, Baltimore, MD 21231

13beds

--baths

7,520sqft

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Multi Family

Built in 1920

-- sqft lot

$2,152,200 Zestimate^®

$319/sqft

$-- HOA

What's special

Detached garage

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 want—high 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 garage—a 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. Don’t miss your chance to own a premier asset in one of Baltimore’s most desirable neighborhoods.

375 days

68

2

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 13

Heating

Forced Air, Electric

Cooling

Central Air, Electric

Appliances

Included: Dryer, Oven/Range - Electric, Refrigerator, Washer, Electric Water Heater

Features

Dining Area
Has basement: No
Has fireplace: No

Interior area

Total structure area: 7,520
Total interior livable area: 7,520 sqft

Property

Parking

Parking features: None

Accessibility

Accessibility features: None

Features

Pool features: None

Details

Additional structures: Above Grade
Parcel number: 0303071809 023
Zoning: COMMERCIAL/RESIDENTIAL
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family

Materials

Brick, Wood Siding
Foundation: Other
Roof: Asphalt

Condition

New construction: No
Year built: 1920

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Baltimore
Municipality: BALTIMORE

Financial & listing details

Price per square foot: $319/sqft
Annual tax amount: $1,920
Date on market: 6/26/2025
Listing agreement: Exclusive Right To Sell
Ownership: Other

Estimated market value

$2,152,200

$2.02M - $2.28M

$1,441/mo

Price history

Date	Event	Price
4/10/2026	Contingent	$2,400,000$319/sqft
Source: Bright MLS #MDBA2161694 Report a problem
6/26/2025	Listed for sale	$2,400,000$319/sqft
Source: Bright MLS #MDBA2161694 Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
12/10/2016	Listing removed	$1,600+45.5%
Source: Zillow Rental Manager Report a problem
7/9/2015	Listing removed	$1,100
Source: Owner Report a problem
6/22/2015	Price change	$1,100-31.3%
Source: Owner Report a problem
6/10/2015	Listed for rent	$1,600+700%
Source: Owner Report a problem
10/25/2014	Listing removed	$200
Source: Owner Report a problem
10/20/2014	Listed for rent	$200
Source: Owner Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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