$260,000
2891 Pelham Ave, Baltimore, MD, 21213
3,444
Square feet
0.06
Acres
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 Details
| Office | Jim Parks and Associates Realty LLC |
|---|
Facts & Features
| MLS® # | MDBA2225118 |
|---|---|
| Price | $260,000 |
| Square Footage | 3,444 |
| Acres | 0.06 |
| Year Built | 1927 |
| Type | Multi-Family |
| Sub-Type | Quadruplex,End of Row/Townhouse |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 2891 Pelham Ave |
|---|---|
| City | Baltimore |
| County | BALTIMORE CITY-MD |
| State | MD |
| Zip Code | 21213 |
| Senior Community | No |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Baseboard - Electric |
|---|---|
| Cooling | Window Unit(s) |
| Fireplace | No |
Exterior
| Exterior | Brick, Masonry |
|---|---|
| Construction | Brick, Masonry |
| Foundation | Brick/Mortar |
| Other Structures | 10000001172,10000001174 |
School Information
| District | BALTIMORE CITY PUBLIC SCHOOLS |
|---|
Additional Information
| Date Listed | July 24th, 2026 |
|---|---|
| Days on Market | 25 |
| Zoning | C-1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |