CHARIS REALTY GROUP

Traditional

2891 PELHAM AVENUE

BALTIMORE, MD 21213

MLS#: MDBA2225118

$270,000

Status: Active
Listing number: MDBA2225118
Listing provided by: Jim Parks and Associates Realty LLC
Listing agent phone: None
Last update: 16 hours ago
On site: a month ago
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Property

Beds

5

Full Baths

None

1/2 Baths

None

Year Built

1927

Sq.Footage

3,444

MOTIVATED SELLER! 4-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY — BELAIR-EDISON 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!

Features & Amenities

Interior

  • Total Bedrooms

    5

  • Bathrooms

    N/A

  • Above Grade Finished Area

    3444.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Window Unit(s)

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Baseboard

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.06

  • Lot Size(square feet)

    2,509

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

  • Architectural Style

    Traditional

Price

  • Sales Price

    $270,000

  • Tax Amount

    $3,573

  • Financing Options

    Cash, Conventional, FHA

  • Sq. Footage

    3,444

  • Price/SqFt

    $78

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Brick/Mortar

  • Tax Lot

    047

  • Water Source

    Public

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Listing Courtesy of LaVond P Brown , Jim Parks and Associates Realty LLC

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Agent Randy Perrell

AGENT

Randy Perrell

Call Randy today to schedule a private showing.

(301) 305-5383

randy@wolfeteam.net


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MOTIVATED SELLER! 4-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY — BELAIR-EDISON 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!

2891 PELHAM AVENUE

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