2920 Parkwood Ave, Baltimore, MD 21217
- $284,500
- 1,956
- SqFt
- List Price
- $284,500
- Price Change
- ▼ $500 1787354915
- MLS#
- MDBA2220346
- Year Built
- 1920
- Status
- ACTIVE
- Type
- Multifamily
- Living Area
- 1,956
- Total SqFt
- 2505
- County
- Baltimore City
- Subdivision
- Druid Heights
Property Description
Turnkey Multi-Family Investment Opportunity – Currently Grossing $3,000/Month! Fully Occupied. 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!
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Additional Information
- Stories
- 4
- Other Structures
- Above Grade, Below Grade
- Structure List
- Above Grade, Below Grade
- Style
- Victorian
- Basement
- Yes
- Cooling Fuel
- Electric
- Cooling
- Central A/C
- Heating Fuel
- Central
- Heating
- 90% Forced Air
- Hot Water
- Natural Gas
- Sewer Septic
- Public Sewer
- Water
- Public
- Tax Year
- 2025
- Possession
- 0-30 Days CD, Immediate
- Days on Market
- 72
- Acres
- 0.04
- Ownership
- Fee Simple