4 Beds
3 Baths
1,945 SqFt
4 Beds
3 Baths
1,945 SqFt
Open House
Sat Apr 11, 11:30am - 2:00pm
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,945 sqft
Price per Sqft C$293
MLS Listing ID MDBA2208690
Style Federal
Subdivision Fells Point Historic District
Bedrooms 4
Full Baths 3
Short Sale No
HOA Y/N N
Originating MLS BRIGHT
Available Date 2026-03-30
Property Description
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.
Location
State MD
County Baltimore City
Zoning R
Rooms
Main Level Bedrooms 1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Fireplace N
Heat Source Natural Gas
1-purchase type For Sale
Exterior
Exterior Feature Deck(s)
Garage Garage - Rear Entry
Garage Spaces 3
Waterfront N
Water Access N
View City
Accessibility None
Porch Deck(s)
Parking Type Attached Garage
Attached Garage 3
Total Parking Spaces 3
Building
New Construction N
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Federal
Story 3
Additional Building Above Grade, Below Grade
Schools
School District Baltimore City Public Schools
Others
Senior Community No
Tax Amount C$5,450
Tax Year 2025
Tax ID 0303081435 018
Ownership Fee Simple
SqFt Source 1945
Special Sale Standard
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