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2902 N Loudon Ave , Baltimore, MD 21216
$229,900
Est. Payment: $1,223.62/mo
5 Bed
3 Bath
2950 Sqft
0.14 Acres
Status: active | Days on site: 19
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LSTR1 - 3322331
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House Description

**Three-Unit Multifamily Investment Property in Baltimore, MD – Immediate Rental Income and Value-Add Potential!** Occupied unit is the one at the back of the house. All pics are of the two unoccupied units. Both need some work. Welcome to 2902 N Loudon Avenue, Baltimore, MD 21216, a three-unit multifamily investment property located in the Windsor Hills area of Baltimore City. Offered at $229,000, this income-producing property presents an opportunity for real estate investors seeking rental income, cash flow potential, and long-term appreciation through strategic improvements. The property features three residential units consisting of a 1-bedroom, 1-bathroom unit with an additional loft and two 2-bedroom, 1-bathroom units. One unit is currently occupied by a reliable, long-term tenant, while the remaining two units are vacant and offer opportunities to increase rental income without undertaking extensive renovations. The occupied 1-bedroom unit with loft currently generates $1,025 per month in rental income. The tenant has occupied the property for more than eight years, has a consistent payment history, and the unit is in good condition. The second unit offers two bedrooms and one full bathroom and requires minimal improvements to become rent-ready. The third unit also features two bedrooms and one full bathroom, with the primary improvement needed being a bathroom renovation along with routine turnover updates. For investors looking to expand their Baltimore rental property portfolio, the combination of existing rental income and two vacant units creates an opportunity to improve the property, secure additional tenants, and increase overall cash flow. The property's layout also offers flexibility for investors pursuing a buy-and-hold or value-add multifamily investment strategy. Additional highlights include off-street parking in the rear and a residential setting surrounded primarily by single-family homes. Conveniently located near Windsor Hills Park, Gwynns Falls/Leakin Park, shopping, restaurants, and public transportation, the property offers access to Downtown Baltimore, West Baltimore MARC, Mondawmin Metro, I-70, I-695, and I-95. Whether you're searching for a Baltimore multifamily property for sale, a three-unit rental investment, or an income-producing property with upside potential, 2902 N Loudon Avenue deserves your attention. **Offered at $229,000. Property is being sold strictly as-is. Schedule your private showing and explore the investment potential!**

Highlights

Listed by Jeremy Michael McDonough , 4104864504 Mr. Lister Realty , 4104864504. Bright MLS

Property Type

Residential

Lot/Acreage
0.14

Year Built

1923

County

Baltimore City

Neighborhood

Windsor Hills

School District

Baltimore City Public Schools

Listing ID

MDBA2234526

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:5
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Above Ground Sq Ft:2950
Basement:Unfinished
Other:
  • ▪ Main Floor Bedrooms:5
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Zoning:R-3
Roof:Architectural Shingle
Sewer:Public Sewer
Parking Features:Driveway,On Street
Principal Interest
$1,224
Taxes
$415

Home Price

$229,900

Loan Details

30 yrs
7%

Down Payment

20%
$45,980
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:
$1,223.62

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,223.62 $415.00 $0.00 $1,638.62
Yearly $14,683.49 $4,980.00 $0.00 $19,663.49
Total $440,504.77 $149,400.00 $0.00 $589,904.77
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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: 2026-11-13T23:12:42.000Z

© 2026 Bright MLS