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About the Listing JPARE1 - 3253885
BACK ACTIVE! $10,000 PRICE REDUCTION! 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!
Listing Highlights
Status
Active
Days on Site
59
Property Type
Multi-Family
MLS ®
MDBA2225118
Year Built
1927
Total Square Footage
3,444
Lot/Acreage
0.06
County
Baltimore City
School District
Baltimore City Public Schools
Interior Details
- Bedrooms: 5
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Baseboard - Electric
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3444
- Below Ground Sq Ft: 0
- Basement: Side Entrance
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: C-1
- Roof:
- Others: Good
- Sewer: No Septic System
- Parking Features: On Street
Financial Details
- Tax Amount: $3,573
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Questions About..
2891 Pelham Ave Baltimore, MD 21213
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