2,950 SqFt
2,950 SqFt
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,950 sqft
Price per Sqft $77
MLS Listing ID MDBA2234518
Style Traditional
Abv Grd Liv Area 2,950
Year Built 1923
Annual Tax Amount $4,980
Tax Year 2026
Lot Size 6,250 Sqft
Acres 0.14
Property Sub-Type Detached
Source BRIGHT
Property Description
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!**
Location
State MD
County Baltimore City
Zoning R-3
Rooms
Basement Unfinished
Interior
Hot Water Electric
Heating Radiator
Cooling None
Heat Source Natural Gas
Exterior
Garage Spaces 1.0
Water Access N
Roof Type Architectural Shingle
Accessibility None
Total Parking Spaces 1
Garage N
Private Pool No
Building
Foundation Block
Above Ground Finished SqFt 2950
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0328042856 011
Ownership Fee Simple
SqFt Source 2950
Acceptable Financing Cash, Conventional, FHA 203(k), Private, Other
Listing Terms Cash, Conventional, FHA 203(k), Private, Other
Financing Cash,Conventional,FHA 203(k),Private,Other
Special Listing Condition Standard
Nearby Locations
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