2,505 SqFt
2,505 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,505 sqft
Price per Sqft $113
Subdivision Druid Heights
MLS Listing ID MDBA2220346
Style Victorian
Abv Grd Liv Area 1,956
Year Built 1920
Annual Tax Amount $2,575
Tax Year 2025
Lot Size 1,742 Sqft
Acres 0.04
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
Don't miss this exceptional income-producing opportunity at 2920 Parkwood Ave., Baltimore, MD 21217. Located in the rapidly revitalizing Druid Heights neighborhood, this legally zoned 3-unit brick multi-family property is a turnkey investment with strong cash-flow potential. Whether you're looking to expand your rental portfolio, live in one unit while renting the others, or capitalize on Baltimore's growing rental market, this property checks all the boxes.
The property features three separately configured units, including a cozy efficiency with a full bath, plus two spacious 1-bedroom, 1-bath apartments. With projected gross rental income of over $3,000 per month, this property offers immediate income potential and an attractive return for both seasoned and first-time investors.
Additional highlights include a large unfinished basement offering abundant storage or future value-add possibilities, a private fenced backyard, and alley access with off-street parking—a highly desirable feature for tenants in the city.
Perfectly positioned just minutes from Druid Hill Park, tenants will enjoy walking access to the Maryland Zoo, Howard P. Rawlings Conservatory & Botanic Gardens, and the scenic Druid Hill Reservoir. Convenient access to public transportation, major commuter routes, downtown Baltimore, universities, hospitals, and neighborhood amenities further enhances the property's long-term rental appeal.
With strong income potential, a desirable location, and room for future appreciation, 2920 Parkwood Ave. is a rare opportunity to acquire a cash-flowing, turnkey multi-family asset in one of Baltimore's emerging investment corridors. Schedule your showing today and add this high-performing property to your portfolio before it's gone!
Location
State MD
County Baltimore City
Zoning R-8
Interior
Hot Water Natural Gas
Cooling Central A/C
Flooring Engineered Wood
Fireplace N
Heat Source Central
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Crawl Space
Above Ground Finished SqFt 1956
Sewer Public Sewer
Water Public
Architectural Style Victorian
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0313053244 036
Ownership Fee Simple
SqFt Source 2505
Acceptable Financing Cash, VA, Conventional
Listing Terms Cash, VA, Conventional
Financing Cash,VA,Conventional
Special Listing Condition Standard
