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2920 Parkwood Ave , Baltimore, MD 21217
$279,990
Est. Payment: $1,490.22/mo
3 Bed
3 Bath
2505 Sqft
0.04 Acres
Status: active | Days on site: 133
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KWCP1 - 3298576
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House Description

Motivated Seller, great opportunity. 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!

Highlights

Listed by Sanford Booth II , 2405157500 Keller Williams Capital Properties , 2022437700. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.04

Year Built

1920

County

Baltimore City

Neighborhood

Druid Heights

School District

Baltimore City Public Schools

Listing ID

MDBA2220346

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Air Cond:Central A/C
Fireplaces:
Floor:Engineered Wood
Above Ground Sq Ft:1956
Below Ground Sq Ft:549
Basement:Sump Pump,Unfinished
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Zoning:R-8
Others:
  • ▪ Additional:Very Good, Good
Sewer:Public Sewer
Parking Features:On Street,Alley
Principal Interest
$1,490
Taxes
$215

Home Price

$279,990

Loan Details

30 yrs
7%

Down Payment

20%
$55,998
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,490.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,490.22 $214.58 $0.00 $1,704.81
Yearly $17,882.69 $2,575.00 $0.00 $20,457.69
Total $536,480.77 $77,250.00 $0.00 $613,730.77
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Baltimore, MD).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T01:13:51.000Z

© 2026 Bright MLS