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1516 Lancaster St 9 Unit Apartment Building $2,400,000 ($266,667/Unit) Baltimore, MD 21231
Executive Summary
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.
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.
Property Facts
| Price | $2,400,000 | Building Class | C |
| Price Per Unit | $266,667 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 8,490 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2025 |
| Property Subtype | Apartment | Tenancy | Single |
| Apartment Style | Low-Rise | ||
| Zoning | R-8 - residential area with a maximum density of eight dwelling units per acre, | ||
| Price | $2,400,000 |
| Price Per Unit | $266,667 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 8,490 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2025 |
| Tenancy | Single |
| Zoning | R-8 - residential area with a maximum density of eight dwelling units per acre, |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+1 | 4 | - | - |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (80)
Bike Score®
Very Bikeable (86)
Property Taxes
| Parcel Number | 1809-023 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,156,467 |
Property Taxes
Parcel Number
1809-023
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,156,467
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1516 Lancaster St
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