REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Kerry O'Hara

[email protected] +1(410) 507-0834

Listed by Dimitrios Lynch • ExecuHome Realty

$ 199,000

Est. payment -/mo

Save

New

1615 GWYNNS FALLS PKWY Baltimore, MD 21217

2,790 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,790 sqft

Price per Sqft $71

Subdivision Druid Hill Park

MLS Listing ID MDBA2234246

Style Colonial

Abv Grd Liv Area 2,790

Year Built 1900

Annual Tax Amount $2,714

Tax Year 2026

Lot Size 2,000 Sqft

Acres 0.05

Property Sub-Type End of Row/Townhouse

Source BRIGHT

Property Description

Showings Tuesdays and Saturdays by appointment! Equity plus cash flow, a rare combination: similar 3-unit properties have recently sold for around $300,000. This large 3-story brick end-of-group (EOG) 3-unit is a handsome historic building with excellent curb appeal, offering about 2,790 sq ft above grade on Gwynns Falls Parkway in an area with lots of development. What sets it apart is the space: these are spacious units with large bedrooms, large living areas, high ceilings, and great natural light. Good bones and a solid foundation make it a great long-term rental. Seller projects average rents of $1,000 per unit, or $3,000 a month total, with less than $10,000 in maintenance repairs. With heavy cosmetic upgrades like kitchens, baths, flooring, and paint, you could likely get closer to $4,000 a month in total rent, with no need to move walls or open them up. Every unit is vacant, each has its own furnace and separate BGE, and the property passed its rental license and lead inspections earlier this year. The layout is a first-floor 1-bedroom, a second-floor 2-bedroom, and a third-floor 1-bedroom. The second-floor unit has hardwood floors, a front bay window, and an eat-in kitchen with a three-window rear bay, a pantry, and its own rear entrance. The third-floor unit has exposed brick, a ceiling fan, wood-look flooring, and a 2023 water heater. The first-floor unit has a front living room and a back bedroom. All units have gas forced-air heat. Tenants have used window units, and central air could be added. The unfinished basement, entered from the rear, offers storage. A 16-foot rear alley serves the lot, with room for one car out back. Easy access for tenants: about a quarter mile to the Mondawmin Metro station, with bus lines nearby, and close to Druid Hill Park, the Maryland Zoo, Mondawmin Mall, and Coppin State University. Showings are Tuesdays and Saturdays, 9 AM to 6 PM, by appointment only; prior notice required.

Location

State MD

County Baltimore City

Zoning R-7

Rooms

Basement Connecting Stairway, Full, Unfinished

Interior

Interior Features Dining Area, Combination Kitchen/Dining, Carpet, Pantry

Hot Water Natural Gas

Heating Radiator

Cooling Other

Flooring Carpet, Ceramic Tile, Laminate Plank

Equipment Refrigerator, Stove

Fireplace N

Appliance Refrigerator, Stove

Heat Source Natural Gas

Exterior

Garage Spaces 1.0

Water Access N

Roof Type Flat

Accessibility None

Total Parking Spaces 1

Garage N

Private Pool No

Building

Foundation Brick/Mortar

Above Ground Finished SqFt 2790

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade, Below Grade

Structure Type Dry Wall

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0313053235 020

Ownership Fee Simple

SqFt Source 2790

Acceptable Financing Conventional, FHA, VA

Listing Terms Conventional, FHA, VA

Financing Conventional,FHA,VA

Special Listing Condition Standard

NEARBY SCHOOLS & PROPERTIES

Kerry O'Hara

Advisor License ID: 651712

+1(410) 507-0834

GET MORE INFORMATION