Turnkey Multi-Family Investment Opportunity – Currently Grossing $3,000/Month! Fully Occupied. 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!
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Zillow last checked:
Listing updated:
Listed by:
Sanford Booth II240-515-7500,
Keller Williams Capital Properties202-243-7700
Source: Bright MLS,MLS#: MDBA2220346
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Basement
Area: 732
Heating
Forced Air, Central
Cooling
Central Air, Electric
Appliances
Included: Gas Water Heater
Features
Flooring: Engineered Wood
Has fireplace: No
Interior area
Total structure area: 2,688
Total interior livable area: 2,505 sqft
Property
Parking
Parking features: On Street, Alley Access
Has uncovered spaces: Yes
Accessibility
Accessibility features: None
Features
Pool features: None
Lot
Size: 1,742 Square Feet
Details
Additional structures: Above Grade, Below Grade
Parcel number: 0313053244 036
Zoning: R-8
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: Victorian
Property subtype: Townhouse
Materials
Brick
Foundation: Crawl Space
Condition
Very Good,Good
New construction: No
Year built: 1920
Major remodel year: 2022
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Subdivision: Druid Heights
Location
Region: Baltimore
Municipality: Baltimore City
Financial & listing details
Price per square foot: $114/sqft
Tax assessed value: $154,300
Annual tax amount: $2,575
Date on market: 7/2/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,VA Loan,Conventional
Ownership: Fee Simple
S
Sanford Booth II
(240) 515-7500
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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