1516 Lancaster St

Baltimore, MD 21231

$2,400,000
Price
—
Beds
—
Baths
7,520 Sq. Ft.
$319 / Sq. Ft.
7,520
Sq. Ft.
$319
per Sq. Ft.
a front view of a building with parking space
a front view of a building with a lot of windows
a building view
a view of a bathroom with a shower
a close up of a sign board
a view of a hallway with entryway
a view of entryway
a car parked in front of a building and cars parked
a view of a refrigerator in kitchen and wooden floor
a view of a kitchen with refrigerator and white cabinets
a kitchen with stainless steel appliances granite countertop a refrigerator and a stove
a kitchen with a sink a stove and cabinets
a kitchen with sink and window
a kitchen with stainless steel appliances a refrigerator and a stove top oven
a view of kitchen with a sink a refrigerator and window
a view of room and front door
an empty room with windows
a bathroom with a sink toilet tub and shower
an empty room with windows
a view of a kitchen with a sink and a refrigerator
a view of storage space
a view of an empty room with a window and wooden floor
a kitchen with a sink stove and refrigerator
a kitchen with granite countertop white cabinets and a sink
a kitchen with a stove and a microwave
a view of an empty room with a window
a view of hallway with closet
a view of an empty room
a view of an empty room with a window
a bathroom with a sink a toilet and shower
a street sign that is on a refrigerator
a view of main door
a view of an empty room with a window
a view of a closet
a view of entryway
a view of a large building
a view of a city with tall buildings
a utility room with dryer and washer
a view of terrace with seating space and wooden floor
a view of ocean from a balcony
a view of a hallway with wooden floor and entryway
a city street lined with parked cars and buildings
a view of outdoor space and front door of house
a car parked in front of a building
a view of parking space with parked cars

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...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.
  1. Listed by James T Weiskerger • Next Step Realty
    P: (443)-928-3295 james@thewhomegroup.com

Property Details for 1516 Lancaster Street

Tax ID Number
0303071809 023
Ownership
Other
Structure Type
Detached
Style
Other
Waterfront
No
Garage
No
Legal Subdivision
Ward 3
Municipality
BALTIMORE
LISTING UPDATED: 11/20/2025 12:18 AM

Property Details for 1516 Lancaster Street

StatusActive
MLS #MDBA2161694
Days on Market211
Taxes$1,920 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Other
Year Built1920
Lot Size-
CountyBaltimore Independent City

Location

Listing Courtesy of Next Step Realty
Add your commute

Building Information for 1516 Lancaster Street

Stories-Residences4Year Built1920Building Size-Lot Size-

Payment Calculator

$11,857 per month

30 year fixed, 6.15% Interest

Principal and Interest

$11,697

Property Taxes

$160

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1516 Lancaster Street

Location
Location
  • In City Limits: Yes
  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS
  • School District County ID: 121137830454
  • SchoolDistrictSource: Listing Agent
  • County: BALTIMORE CITY
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $0
  • City Town Tax: $0
  • Zoning: COMMERCIAL/RESIDENTIAL
  • Automatically Update Tax Values Y/N: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 5
  • Two Bedroom Units Count: 4
  • Three Bedroom Units Count: 0
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 7,520.00
Lot / Land Information
Lot / Land Information
  • Parcel ID: 12910741
Parking
Parking
  • Type Of Parking: None
Interior Features
Interior Features
  • Interior Features: Dining Area
  • Fireplace: No
  • Appliances: Dryer, Oven/Range - Electric, Refrigerator, Washer
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office

Property History for 1516 Lancaster Street

DateEvent & SourcePriceAppreciation
Jun 26, 2025

Price Change

BRIGHT #MDBA2161694

$2,400,000—
Jun 26, 2025

Listed (Active)

BRIGHT #MDBA2161694

$2,000,000—
Oct 20, 1998

Closed (Public Record)

Public Record #42690419

$1,140,000—
DateEvent & SourcePrice
06/26/2025

Price Change

BRIGHT #MDBA2161694

$2,400,000
06/26/2025

Listed (Active)

BRIGHT #MDBA2161694

$2,000,000
10/20/1998

Closed (Public Record)

Public Record #42690419

$1,140,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1516 Lancaster Street

Taxable ValueLand-Additions-Total-
Tax Record2023$23,142 ($1,929 / month)
Home Facts
Total Finished SqFt7,520 SqFtAbove Grade Finished SqFt7,520 SqFtStories3Lot Size5,049 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningR-8CountyBALTIMORE CITYAPN03-07-1809 -023

Schools near 1516 Lancaster Street

This home is within Baltimore City Public Schools.
Rating
School
Type
Grades
Distance
City Springs Elementary School
Charter - PK to 8
Booker T. Washington Middle School
Public - 6 to 8
Paul Laurence Dunbar High School
Public - 9 to 12
Vivien T. Thomas Medical Arts Academy
Public - 9 to 12
Rating
School
Distance
City Springs Elementary School
CharterPK to 8

Booker T. Washington Middle School
Public6 to 8

Paul Laurence Dunbar High School
Public9 to 12

Vivien T. Thomas Medical Arts Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1516 Lancaster Street, Baltimore, MD 21231

1516 Lancaster Street is a multi-family home for sale in Baltimore, MD 21231. This property was listed for sale on June 26, 2025 by Next Step Realty, it's currently listed at $2,400,000. It has been on the market for a total of 211 days and was last sold on October 20, 1998. This listing's school district is Baltimore City Public Schools. Nearby schools include City Springs Elementary School, Booker T. Washington Middle School and Paul Laurence Dunbar High School. 1516 Lancaster Street is a 0-bed, 0-bath, 7,520 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Next Step Realty

© 2026 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 11/20/2025 12:18 AM