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sales rep | Brivity IDX

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1615 Gwynns Falls Pkwy , Baltimore, MD 21217
$199,000
Est. Payment: $1,059.16/mo
4 Bed
3 Bath
2790 Sqft
0.05 Acres
Status: pending | Days on site: 36
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House Description

Showings Tuesdays and Saturdays by appointment! Equity plus cash flow, a rare combination: similar 3-unit properties have recently sold for around $300,000. This large 3-story brick end-of-group (EOG) 3-unit is a handsome historic building with excellent curb appeal, offering about 2,790 sq ft above grade on Gwynns Falls Parkway in an area with lots of development. What sets it apart is the space: these are spacious units with large bedrooms, large living areas, high ceilings, and great natural light. Good bones and a solid foundation make it a great long-term rental. Seller projects average rents of $1,000 per unit, or $3,000 a month total, with less than $10,000 in maintenance repairs. With heavy cosmetic upgrades like kitchens, baths, flooring, and paint, you could likely get closer to $4,000 a month in total rent, with no need to move walls or open them up. Every unit is vacant, each has its own furnace and separate BGE, and the property passed its rental license and lead inspections earlier this year. The layout is a first-floor 1-bedroom, a second-floor 2-bedroom, and a third-floor 1-bedroom. The second-floor unit has hardwood floors, a front bay window, and an eat-in kitchen with a three-window rear bay, a pantry, and its own rear entrance. The third-floor unit has exposed brick, a ceiling fan, wood-look flooring, and a 2023 water heater. The first-floor unit has a front living room and a back bedroom. All units have gas forced-air heat. Tenants have used window units, and central air could be added. The unfinished basement, entered from the rear, offers storage. A 16-foot rear alley serves the lot, with room for one car out back. Easy access for tenants: about a quarter mile to the Mondawmin Metro station, with bus lines nearby, and close to Druid Hill Park, the Maryland Zoo, Mondawmin Mall, and Coppin State University. Showings are Tuesdays and Saturdays, 9 AM to 6 PM, by appointment only; prior notice required.

Highlights

Listed by Dimitrios Lynch Jr. , 4109602949 ExecuHome Realty , 4436323000. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.05

Year Built

1900

County

Baltimore City

Neighborhood

Druid Hill Park

School District

Baltimore City Public Schools

Listing ID

MDBA2234246

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Appliances:Refrigerator, Stove
Floor:Carpet,Ceramic Tile,Laminate Plank
Above Ground Sq Ft:2790
Basement:Connecting Stairway,Full,Unfinished
Other:
  • ▪ Additional:Dining Area, Combination Kitchen/Dining, Carpet, Pantry
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Garage Capacity:1
Zoning:R-7
Roof:Flat
Others:
  • ▪ Additional:Good
Sewer:Public Sewer
Parking Features:Unpaved,Off Street,1+ Spaces
Principal Interest
$1,059
Taxes
$226

Home Price

$199,000

Loan Details

30 yrs
7%

Down Payment

20%
$39,800
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Monthly Price:
$1,059.16

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,059.16 $226.17 $0.00 $1,285.33
Yearly $12,709.94 $2,714.00 $0.00 $15,423.94
Total $381,298.17 $81,420.00 $0.00 $462,718.17
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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