#MDBA2154464, Charlie Hatter, Listing office: Monument Sotheby's International Realty
$2,400,000 List price
1516 Lancaster St Baltimore, MD 21231
$10,000
Closing credit¹
7,520 sqft
$319 / sqft
House
Property details
About 1516 Lancaster St
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
Home typeOther
HeatingForced Air
StatusActive
(ACTIVE)
(ACTIVE)
CoolingCentral Air
Size7,520 sqft
Year built1920
MLS #MDBA2161694
Summary
- Appliances: Dryer, Oven, Electric Range, Refrigerator, Washer
- Basement: No
- Interior: Dining Area
- Parking: None
- Architectural Style: Other
- Heating: Forced Air
- Cooling: Central Air
- List Price: $2,400,000
- Price/SqFt: $319
- Annual Tax Amount: $23,142
- Tax Year: 2024
- Directions: See GPS to 1516 Lancaster Street, Baltimore, MD
- Year Built: 1920
- Living Area: 7,520 SqFt
- Municipality: Baltimore
- MLS Number: MDBA2161694
- MLS Name: BRIGHT
- Office Name: Next Step Realty
- Office Phone: (443) 901-2200
- Office Email: jennifer@nextsteprealtymd.com
- Listing Agent: James T Weiskerger
- Agent Phone: (443) 901-2200
- Agent Email: james@thewhomegroup.com
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/27/2025, 4:45:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$2,400,000
1516 Lancaster St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 20, 1998 | Home Sold | $1,140,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,068,533 | $23,142 |
| 2023 | $980,600 | $23,142 |
| 2022 | $968,867 | $22,865 |
| 2021 | $957,133 | $21,603 |
| 2020 | $945,400 | $22,311 |
| 2019 | $930,400 | $21,852 |
| 2018 | $915,400 | $21,603 |
| 2017 | $900,400 | $21,249 |
History based on county public records data.
Nearby schools
4
Wolfe Street Academy
Public Charter PK-5
0.5 mi
•245 S Wolfe St
6
Federal Hill Preparatory School
Public District PK-5
0.9 mi
•1040 William St
4
William Paca Elementary School
Public District PK-5
1.2 mi
•200 N Lakewood Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $71,478. The majority of Baltimore, MD residents have income between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
22%
<35k
47%
35k-100k
15%
100k-200k
16%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
77%
Single, No Kids
0%
Single, with Kids
19%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
3%
<11 yrs old
1%
12-17 yrs old
50%
18-34 yrs old
40%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Art Museums
Tennis
Where do the neighbors shop?
H&M
Bloomingdales
Crate & Barrel
Where do the neighbors go to eat?
Chipotle
Starbucks
Boston Market
What do the neighbors drive?
Volkswagen
Audi
BMW
What do the neighbors listen to?
Rhythmic Contemporary Hits
News- Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1516 Lancaster St
The listing price of 1516 Lancaster St property is $2,400,000.
The property 1516 Lancaster St is a house located in Baltimore, Maryland, 21231.
Active Listing: 1516 Lancaster St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1516 Lancaster St are: Wolfe Street Academy (GreatSchools Rating 4/10), Federal Hill Preparatory School (GreatSchools Rating 6/10), William Paca Elementary School (GreatSchools Rating 4/10), The Crossroads School (GreatSchools Rating 5/10), City Springs Elementary/Middle School (GreatSchools Rating 2/10), Commodore John Rogers Elementary/Middle School (GreatSchools Rating 5/10), Digital Harbor High School (GreatSchools Rating 2/10), Paul Laurence Dunbar High School (GreatSchools Rating 3/10), National Academy Foundation (GreatSchools Rating 2/10).
According to the records, the last property tax for 2024 is $23,142 (source: MLS/based on county public records data).
The last sale was on October 20, 1998 for $1,140,000 (source: MLS/tax record).
The property at 1516 Lancaster St has 0 bathroom.
The property 1516 Lancaster St is 7,520 SqFt (source: MLS/tax record).
The year of construction for 1516 Lancaster St is 1920.
This home is located at 1516 Lancaster St in Baltimore, MD and zip code 21231 in the Fell's Point neighborhood. This 7,520 square foot home was built in 1920. Features: 0 bathroom. It has been listed on Rocket Homes since June 26, 2025 and is currently priced at $2,400,000.
Between April and May 2025, Baltimore, MD real estate market has seen increase in the number of listings by 56.6%. The median list price of listings available in May 2025 was $239,187, while the average time on the real estate market was 72 days.
From Rocket Homes Real Estate and based on county public records data.