For Sale By Owner Listing Description
Combined Headline:
$400k Gwynn Oak Triplex: Three 2BR/1BA Units, Sub-Metered with Active Leases – Live Free or Cash Flow + Value-Add Basement!
Body:
Incredible opportunity to own a high-yield, utility-separated multi-family property in the heart of Gwynn Oak! This massive 2,890 sq. ft. building features 6 bedrooms and 3 bathrooms perfectly distributed across 3 distinct units—each occupying its own separate floor as a spacious 2-bedroom, 1-bathroom apartment. With a private entrance for every apartment, this layout offers complete independence and privacy.
Perfect for seasoned investors, multi-generational families, or first-time homebuyers looking to "house hack" and let tenants pay the mortgage. The property is being sold strictly as-is, offering phenomenal immediate cash flow alongside massive value-add potential in the lower level.
Financial & Utility Highlights:
Active Leases In Place: Enjoy immediate income security from day one.
Sub-Metered Utilities: Tenants pay their own separate gas and electric bills, keeping landlord overhead low.
1st Floor (2BR/1BA): Occupied with an active lease paying $1,200/month.
2nd Floor (2BR/1BA): Occupied with an active lease paying $1,200/month.
3rd Floor (2BR/1BA): Currently vacant (easy to view!), previously rented for $1,100/month.
Current Potential Gross Income: $3,500/month ($42,000 annually) out of the gate.
Massive Value-Add Basement Bonus:
The property features a large basement equipped with 2 bonus rooms and an additional bathroom. This flexible space holds incredible utility and potential:
Possible 4th Apartment conversion (buyer must verify with Baltimore City zoning for feasibility and requirements).
On-site community laundromat to generate extra passive income from existing tenants.
Private home office space or separate studio space.
Showing Instructions & Contact Info
Notice Required: Must provide a 2-day notice to show out of respect for the current tenants.
Email: hundredfoldinvestorsinc@gmail.com
Phone: 410-701-0764
For sale by owner
Street View
$400,000
5312 Gwynn Oak Ave, Baltimore, MD 21207
6beds
2,890sqft
:
Get pre-qualified$2,593/mo
MultiFamily
Built in 1923
-- sqft lot
$-- Zestimate®
$138/sqft
$-- HOA
Overview
What the owner loves about this home
Why You’ll Love This Property:
The Ultimate House Hack: Move into the vacant 3rd-floor 2BR apartment and let the $2,400/month from the lower floors cover your building expenses.
Turnkey Infrastructure: Sub-metered electric and gas lines are already installed, saving you thousands in conversion costs.
Generous Lot Size: Set on a spacious 7,920 sq. ft. lot close to local Baltimore transit, schools, and parks.
Cash-flowing triplexes with this level of expansion potential are rare at this price point. Schedule your walkthrough today to seize this incredible Gwynn Oak investment!
- 20 days |
- 501 |
- 29 |
Listed by:
Property Owner (410) 701-0764
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Electric
Appliances
- Included: Microwave, Refrigerator
Features
- Flooring: Tile, Carpet, Hardwood, Laminate
- Basement: Partially finished
- Has fireplace: Yes
Interior area
- Total interior livable area: 2,890 sqft
Property
Parking
- Parking features: On-street
Features
- Exterior features: Other, Vinyl, Cement / Concrete
Lot
- Size: 7,920 Square Feet
Details
- Parcel number: 28038328006
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Shake / Shingle
Condition
- New construction: No
- Year built: 1923
Community & HOA
Location
- Region: Baltimore
Financial & listing details
- Price per square foot: $138/sqft
- Tax assessed value: $244,900
- Date on market: 7/22/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,884/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2026 | Listed for sale | $400,000+233.3%$138/sqft |
Source: Owner Report a problem | ||
| 9/12/2005 | Sold | $120,000+238%$42/sqft |
Source: Public Record Report a problem | ||
| 10/7/2004 | Sold | $35,500$12/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $244,900 +5.1% |
| 2024 | $5,499 +5.4% | $233,000 +5.4% |
| 2023 | $5,218 +5.7% | $221,100 +5.7% |
| 2022 | $4,937 +3.3% | $209,200 +3.3% |
| 2021 | $4,780 +3.4% | $202,533 +3.4% |
| 2020 | $4,622 +3.5% | $195,867 +3.5% |
| 2019 | $4,465 +1.3% | $189,200 +1.3% |
| 2018 | $4,408 +1.3% | $186,800 +1.3% |
| 2017 | $4,352 +16.3% | $184,400 +1.3% |
| 2016 | $3,742 | $182,000 +4.6% |
| 2015 | $3,742 | $174,000 +4.8% |
| 2014 | $3,742 | $166,000 +5.1% |
| 2013 | -- | $158,000 |
| 2012 | -- | $158,000 |
| 2011 | -- | $158,000 -1.4% |
| 2010 | -- | $160,200 +14.4% |
| 2009 | -- | $140,086 +16.8% |
| 2008 | -- | $119,973 +20.1% |
| 2007 | -- | $99,860 |
| 2006 | -- | $99,860 |
| 2005 | -- | $99,860 -8.4% |
| 2004 | -- | $108,960 +5.6% |
| 2003 | -- | $103,206 +5.9% |
| 2002 | -- | $97,453 +6.3% |
| 2001 | -- | $91,700 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Howard Park
Nearby schools
GreatSchools rating
- 3/10Calvin M. Rodwell Elementary SchoolGrades: PK-8Distance: 0.7 mi
- 1/10Forest Park High SchoolGrades: 9-12Distance: 1 mi
- 2/10Connexions Community Leadership AcademyGrades: 6-12Distance: 2.4 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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