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Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 3,444 sqft
Price per Sqft $75
MLS Listing ID MDBA2225118
Style Traditional
Abv Grd Liv Area 3,444
Year Built 1927
Annual Tax Amount $3,573
Tax Year 2026
Lot Size 2,509 Sqft
Acres 0.06
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
Investors and owner-occupants, this is the opportunity you've been waiting for! Welcome to 2891 Pelham Avenue, a 4-unit multifamily property in Baltimore's Belair-Edison community, offering immediate value-add potential and multiple strategies for the next owner. The property features four separate units: a studio, 1-bedroom, 2-bedroom, and an additional 2-Bedroom unit currently leased through October 31, 2026. Three units are currently vacant, creating an immediate opportunity for a new owner to renovate, lease, and reposition the property for increased rental income. The property is individually metered. Estimated $27K NOI and approximately 10% cap rate with additional upside through future rent adjustments and/or renovations.
Whether you're an experienced investor looking to expand your portfolio or an owner-occupant interested in a multifamily/house-hacking strategy, this property offers flexibility and upside. Please schedule all showings 24 hours in advance. Do not disturb the tenant. Contact the listing agent with questions regarding financing options or property details. Don't miss this opportunity to unlock the full potential of this multifamily investment!
Location
State MD
County Baltimore City
Zoning C-1
Rooms
Basement Side Entrance
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Window Unit(s)
Fireplace N
Heat Source Electric
Laundry None
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Brick/Mortar
Above Ground Finished SqFt 3444
Sewer No Septic System
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0327014151 047
Ownership Fee Simple
SqFt Source 3444
Acceptable Financing Cash, Conventional, FHA, Negotiable
Listing Terms Cash, Conventional, FHA, Negotiable
Financing Cash,Conventional,FHA,Negotiable
Special Listing Condition Standard
Nearby School & Business
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