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Fells Point Multifamily Home for Sale

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    $2,400,000

    • Studio
    • 7,520 Sq Ft

    1516 Lancaster St, Baltimore, MD 21231

    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

    James Weiskerger Next Step Realty

    1516 Lancaster St, Baltimore, MD 21231

Why Live in Fells Point

Fells Point, located in Baltimore, is a historic neighborhood established in 1763, known for its transformation from a bustling shipyard to a vibrant residential and commercial area. The neighborhood is rich in history, with over 300 18th and 19th-century buildings listed on the National Register of Historic Places. Residents and visitors can enjoy a stroll along Thames Street, Harbor Point Promenade, or the Broadway Pier, with the iconic Domino Sugars sign overlooking the Patapsco River. Local businesses thrive here, including the award-winning Sound Garden music store, The Daily Grind café, and Angel Park Boutique. Dining options are plentiful, with four of Eater Magazine's 38 Essential Baltimore Restaurants located in Fells Point, such as Thames Street Oyster House and Cindy Lou's Fish House. The historic Broadway Market offers diverse cuisines, while the Cannon Room at the Sagamore Pendry Hotel features a global whiskey selection. The neighborhood also boasts the oldest operating saloon in the nation, The Horse You Came In On Saloon. Housing options include Federal-style brick rowhouses and a variety of condominiums, from historic buildings like Henderson's Wharf to modern high-rises. Patterson Park, less than a mile east, provides 133 acres of green space with athletic fields, courts, a swimming pool, and an ice rink. The nearby Inner Harbor features attractions like the National Aquarium and the Maryland Science Center. Fells Point is conveniently located near two Metro Subwaylink stations, providing easy access to downtown and beyond.

Home Trends in Fells Point, MD

Housing Trends

Median Sale Price
$300,000
Median Townhouse Sale Price
$318,000
Median 2 Bedroom Sale Price
$380,000
Median 1 Bedroom Sale Price
$228,750
Average Price Per Sq Ft
$285
Number of Homes for Sale
24
Last 12 months Home Sales
63
Months of Supply
4.60
Median List Price
$320,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-20%
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