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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Listing Snapshot
Price
$284,000
Days On Site
93 Days
Bedrooms
3
Inside Area (SqFt)
2,505 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.04 Acres
Year Built
1920
MLS® Number
MDBA2220346
Status
Active
Property Tax
$2,575
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
2 weeks ago
Price changed to $284,000
2 weeks ago
Listing updated with changes from the MLS®
3 months ago
Listing first seen on site
General Features
Acres
0.04
Foundation
Slab
Number Of Stories
4
Parking
On StreetAlley Access
Property Sub Type
Triplex
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
1956
SqFt Below
549
SqFt Total
2688
Style
Victorian
Water Source
Public
Zoning
R-8
Interior Features
Appliances
Gas Water Heater
Basement
Sump PumpUnfinished
Cooling
Central AirElectric
Heating
CentralForced Air
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Exterior Features
Construction Details
Brick
Pool Features
None
Community Features
School District
BALTIMORE CITY PUBLIC SCHOOLS
Schools
School District
BALTIMORE CITY PUBLIC SCHOOLS
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Keller Williams Capital Properties
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