1616 EASTERN AVENUE, BALTIMORE, MD 21231 - PenFed Realty Mid-Atlantic

$570,000

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,… Read More 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 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. PHOTOS WITH CONSTRUCTION ARE VIRTUALLY STAGED Read Less

Courtesy of Savannah Marie Spanellis, Foraker Realty Co. 484-406-3004

Listing Snapshot

Days Online

Last Updated

May 2, 2026

Property Type

Townhouse

Beds

Full Baths

Square Ft.

1,945

Year Built

1890

MLS Number

MDBA2208690

Additional Details

Building

Built in 1890, Living area: 1945, Levels: 3, Construction Materials: Brick

Cooling

None

Accessibility Features

None

Exterior Features

Patio/Porch Features: Deck(s)

Foundation

Stone

Garage

3 spaces

Heating

Forced Air

Lot

0 acres

Property

Other structures: Above Grade, Below Grade, City

Sewer

Public Sewer

Taxes

Annual Amount: $5,450, Lot: 018, Year: 2025, Zoning: R

Utilities

Water Source: Public

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1616 EASTERN AVENUE

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