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sales rep | Brivity IDX

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1516 Lancaster St , Baltimore, MD 21231
$2,000,000
Est. Payment: $10,644.84/mo
13 Bed
7520 Sqft
Status: active under contract | Days on site: 359
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NXSR1 - 77890
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House Description

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.

Highlights

Listed by James T Weiskerger , 4439283295 Next Step Realty , 4439012200. Bright MLS

Property Type

Multi-Family

Year Built

1920

County

Baltimore City

School District

Baltimore City Public Schools

Listing ID

MDBA2161694

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:13
Appliances:Dryer, Oven/Range - Electric, Refrigerator, Washer
Air Cond:Central A/C
Fireplaces:
Above Ground Sq Ft:7520
Other:
  • ▪ Additional:Dining Area
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Zoning:COMMERCIAL/RESIDENTIAL
Roof:Asphalt
Sewer:Public Sewer
Principal Interest
$10,645
Taxes
$160

Home Price

$2,000,000

Loan Details

30 yrs
7%

Down Payment

20%
$400,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$10,644.84

Principal

Taxes

Principal Taxes HOA Total
Monthly $10,644.84 $160.00 $0.00 $10,804.84
Yearly $127,738.08 $1,920.00 $0.00 $129,658.08
Total $3,832,142.37 $57,600.00 $0.00 $3,889,742.37
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Baltimore, MD).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T23:12:42.000Z

© 2026 Bright MLS