Property
Beds
5
Full Baths
3
1/2 Baths
None
Year Built
1923
Sq.Footage
2,950
**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!**
Features & Amenities
Interior
-
Total Bedrooms
5
-
Bathrooms
3
-
Above Grade Finished Area
2950.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
None, Electric
-
Heating YN
YES
-
Heating
Natural Gas, Radiant
-
Main Level Bedrooms
5
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Cedar
-
Parking
On Street, Driveway
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.14
-
Lot Size(square feet)
6,250
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Traditional
Price
-
Sales Price
$229,900
-
Tax Amount
$4,980
-
Financing Options
Cash, Conventional, FHA 203(k), Private, Other
-
Sq. Footage
2,950
-
Price/SqFt
$77
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
3
-
New Construction
NO
-
Foundation Details
Block
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
011
-
Water Source
Public
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Location
County
BALTIMORE CITY
Elementary School
Middle School
High School
Listing Courtesy of Jeremy Michael McDonough, Mr. Lister Realty
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Salesperson, Realtor
Danielle Bender
Call Danielle today to schedule a private showing.
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