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.
For sale
Price cut: $400K (7/12)
$2,000,000
1516 Lancaster St, Baltimore, MD 21231
13beds
--baths
7,520sqft
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$266/sqft
$-- HOA
What's special
Detached garage
- 434 days
- 1,109
- 59
Zillow last checked:
Listing updated:
Listed by:
James Weiskerger 443-928-3295,
Next Step Realty 4439012200,
Listing Team: W Home Group
Source: Bright MLS,MLS#: MDBA2161694
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: $266/sqft
- Annual tax amount: $1,920
- Date on market: 6/26/2025
- Listing agreement: Exclusive Right To Sell
- Ownership: Other
Estimated market value
Not available
Estimated sales range
Not available
$1,575/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/12/2026 | Listed for sale | $2,000,000-16.7%$266/sqft |
Source:  Bright MLS #MDBA2161694 Report a problem | ||
| 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
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Fells Point
Nearby schools
Schools provided by the listing agent
- District: Baltimore City Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
