2920 Parkwood Avenue
Baltimore, MD, 21217 $ 285,000
Bedrooms3 Baths0.0 Monthly Estimate*
$ 1,800
for $285,000 with 3 bedrooms. This home was built in 1920 on a lot size of 0.04.
Turnkey Multi-Family Investment Opportunity Projected to Gross Over $3,200/Month! 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 parkinga 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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FeaturesGeneralLiving Area 2505
Sewer Public Sewer
Heating 90% Forced Air
Cooling Central A/C
Possession 0-30 Days CD Immediate
Zoning R-8
Architectural Style Victorian
Construction Materials Brick
School District BALTIMORE CITY PUBLIC SCHOOLS
Year Built 1920
Property Subtype Triplex
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality Baltimore City
Section 05
Gross Income 3200.00
Accessibility None
County BALTIMORE CITY
New Construction N
Property Type Multi-Family
Subdivision Name DRUID HEIGHTS
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions Refer to GPS for best directions.
City BALTIMORE
Number Of Units Total 3
Lot Size Units Square Feet
Lot Size Square Feet 1742.40
Number of Units Leased 2
Tax Annual Amount 2575.0
Property Condition Very Good Good
Two Bedroom 0
Structure Type End of Row/Townhouse
Price Per Sq Ft Total AG 145.71
Acceptable Financing Cash VA Conventional
Vacation Rental Y/N N
Lease Type Month to Month
Standard Status Active
Year Built Source Assessor
Legal Subdivision Ward 13
Tax Lot 036
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InteriorHeating Fuel Central
Flooring Engineered Wood
Hot Water Natural Gas
Total Stories 4
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N Y
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ExteriorPool No Pool
Water Source Public
Type of Parking On Street Alley
Foundation Details Crawl Space
Water View Y/N N
Lot Size Acres 0.04
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 30000.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByKeller Williams Capital PropertiesBroker
sanford@coalitionpg.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,800
- Monthly Property Taxes
- $215
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Baltimore, MD
Average List Price $435,174
Percent of Sale Price 53%
About Baltimore, MD 611,326 Population
-6% Since 2002
$ 46,538 Median Income
36.71 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
3533253 Elementary School
3533153 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/2/2026 | $285,000 | | Listed Price |