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Mary Palma

mary@marypalma.com +1(571) 259-3009

$ 555,000

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1624 ALICEANNA ST Baltimore, MD 21231

2,384 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,384 sqft

Price per Sqft $232

MLS Listing ID MDBA2163638

Style Traditional

Abv Grd Liv Area 2,384

Originating Board BRIGHT

Year Built 1900

Available Date 2025-04-15

Annual Tax Amount $9,041

Tax Year 2024

Lot Size 1,742 Sqft

Acres 0.04

Property Sub-Type Interior Row/Townhouse

Property Description

Seize the opportunity to own a versatile mixed use zoned two-unit property in the heart of Fells Point. A destination neighborhood for locals and visitors alike, this property being zoned for both residential and commercial use is poised to take full advantage of the location with the variety of uses it can serve. Live in one unit and rent the other for residential or a business use. Make that business a short-term rental--- a perfect base for visitors exploring the culinary and social hub that is this historic waterfront community. Another option---buy and hold to lease both units to residential or commercial tenants. Sure to be a solid anchor of an investment over time given the strength of the location. ***Depending on use and management, a cap rate in the mid to upper 6% range can be developed, and all systems are currently functioning well.*** Businesses for the main level unit could range from a small salon to retail or office space or a space for a creative start up or side gig. Another option, consider a co-purchase with a partner, friend or family, and enjoy your own space while remaining close for company to enjoy this amenity rich environment. Each unit has its own private entrance and is separately metered to easily allow for the variety of uses. If kept residential, both units have their own laundry as well as modern kitchen and bathroom finishes that are well blended with original character details, so charm and warmth are retained without sacrificing functionality. The prime location also lends itself to easy access to other popular city locations such as the luxurious amenities of Harbor East, the city center of downtown and the stadium district, the waterfront promenade, Canton and Butcher's Hill with their own signature vibes… or grab a water taxi to enjoy the local flavor across the pond in Fed Hill, Otterbein, and Locust Point. A hub in its own right, Johns Hopkins Hospital is only blocks away to the north and commuter routes taking you in any direction you need are just a quick hop away. The main level unit is currently leased through July 2025 with reliable tenants likely to renew. The upper-level unit is currently vacant and also listed for rent, offering flexibility for a live-in owner or new tenant. Another great feature is a shared rear courtyard providing some rare multi-unit outdoor space with plenty of potential for upgrades. Whether you're looking to live, lease, or launch a business, this property checks the boxes for charm, location, and income potential. Opportunities like this don't come around often in a neighborhood as full of life and history as iconic Fells Point. Don't miss out and bring your vision to life before another lucky buyer calls this their own!

Location

State MD

County Baltimore City

Zoning C-1A

Rooms

Basement Unfinished

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Flooring Wood, Ceramic Tile

Fireplaces Number 2

Fireplace Y

Heat Source Natural Gas

Exterior

Exterior Feature Patio(s)

Water Access N

View City, Street

Accessibility None

Porch Patio(s)

Garage N

Building

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

Structure Type Brick,Dry Wall,Plaster Walls

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0302051810 023

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Bank Portfolio, Cash, Conventional

Listing Terms Bank Portfolio, Cash, Conventional

Financing Bank Portfolio,Cash,Conventional

Special Listing Condition Standard

Listed by Donald S Meyd • VYBE Realty

Mary Palma

Broker | License ID: 0225079781

+1(571) 259-3009

Mary Palma

1624 ALICEANNA ST Baltimore, MD 21231

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1624 ALICEANNA ST