2920 PARKWOOD AVENUE, BALTIMORE, MD 21217
DRUID HEIGHTS · BALTIMORE CITY County
Key Facts
Description
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 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!
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Structure Type
Townhouse
Year Built
1920
Stories
4
Living Area
2,688 sq ft
Lot Size
0.04 acres
Zoning
R-8
Days on Market
1
MLS® Listing#
MDBA2220346
Property Features
Appliances
Cooling
Heating
Basement
Pool
Parking
Construction
Sewer
Water Source
Schools
- District:
- BALTIMORE CITY PUBLIC SCHOOLS
Financial Details
Annual Taxes
$2,575
Tax year 2025
Assessed Value
$154,300
Parcel Number
0313053244 036
Directions
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Affordability Calculator
$57,000
Estimated monthly payment
$1,517/mo
Principal $228,000 · Est. interest $318,080 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in BALTIMORE, MD
- $227,560
- Median Listing Price
- 60
- Median Days on Market
- 1,496
- Median Sq Ft
- $159
- Median Price / Sq Ft
- 3,354
- Active Listings
- This home’s price is 25% above the area median.
- Its price per sq ft is 33% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in BALTIMORE, MD.
Location
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Points of Interest in BALTIMORE, MD
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Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2425 ASHLAND AVENUE, BALTIMORE, MD | $199,500 | 4 | 3 | 1,703 |
| 2407 E COLD SPRING LANE, BALTIMORE, MD | $199,700 | 3 | 1 | 1,078 |
| 404 N ROBINSON STREET, BALTIMORE, MD | $199,755 | 3 | 3 | 1,860 |
| 11 S KRESSON STREET, BALTIMORE, MD | $199,875 | 2 | 2 | 1,144 |
| 2815 CLIFTON AVENUE, BALTIMORE, MD | $199,900 | 3 | 2 | — |
| 722 N EDGEWOOD STREET, BALTIMORE, MD | $199,900 | 4 | 3 | 1,710 |
Moving Cost Estimate
EXIT Agents in BALTIMORE
Listing Courtesy: Keller Williams Capital Properties - 2022437700