💡 Super Clean Triplex – Live in One, Let Two Pay Your Mortgage 💰
Fully gutted to the frame and renovated in 2013, this well-maintained 3-unit brick row home in Penn North offers exceptional flexibility: buy it as a pure income play 📈 or move into the vacant unit while two long-term tenants cover your mortgage — and then some 🎉. All three units are fully updated, lead-free ✅, and each spans an entire floor with 2 bedrooms and 1 full bath. Active rental license in hand 📋.
Two occupied units currently bring in $1,990/month combined 💵, and full occupancy — using a super conservative $1,000/unit for the vacant 2BR — pushes total gross rents to $3,000/month 🚀. That’s $36,000/year 🗓️ in top-line revenue from a 4-story brick building with off-street parking 🅿️ and in-unit washers/dryers 🧺 in every unit.
📊 Cap Rate with huge upside potential: ~9.70% ⬆️ (Rent Upside — Section 8 voucher-friendly 🏷️ 2BR units in this zip fetch $1,900–$2,436/month. See below.)
🔑 Key Property Features
- 🏢 Three Independent Units — All 2 bed / 1 bath, each occupying a full floor of the 4-story building
- ✅ Active Rental License — Lead-free & licensed. Ready to close and collect 💰
- 🧺 In-Unit Washer/Dryer — All 3 units include their own laundry — excellent tenant retention 🙌
- 👥 Two Long-Term Tenants — Immediate cash flow from Day 1 on two of three units
- 🏠 One Vacant Unit — Perfect for an owner-occupant or immediate rent-ready upside 📈
- 🅿️ Off-Street Parking — Rare and valuable in this walkable Penn North corridor
- 🧱 Fully Renovated Brick Construction — Solid 1900-built bones, fully gutted to the frame in 2013 and renovated with modern updates throughout. Energy Efficient HVAC, Vinyl Windows, new plumbing and electrical. 🔨
📍 Penn North – Green Space, Transit & Renter Demand 🌆
Anchored by Druid Hill Park 🌳 — one of the largest urban parks on the East Coast at 745 acres — this location is a proven magnet for stable, long-term tenants who want green space without sacrificing city connectivity 🔗.
- 🌳 Druid Hill Park — Trails, disc golf ⛳, tennis 🎾 and basketball 🏀 courts, lakeside loop 🚶, picnic pavilions 🧺 right nearby
- 🐼 Maryland Zoo in Baltimore — A beloved family anchor 👨👩👧👦 and major neighborhood draw
- 🌸 Rawlings Conservatory & Botanic Gardens — Unique cultural amenity 🎨 steps from the park
- 🛍️ Mondawmin Mall — Major retail and dining hub 🍽️ serving the northwest Baltimore corridor
- 🚍 Transit Excellence — Walk Score 89/100 🚶, Transit Score 84/100 🚌. MTA buses with excellent downtown access. Tenants don’t need a car to thrive here 🙌
- 🎓 Coppin State University — HBCU just minutes away 🏛️; steady student and staff tenant pool 👩🎓
- 🎓 Baltimore City Community College — Additional nearby higher-ed demand driver 📚
- 🏡 Druid Hill Park Subdivision — Neighborhood with deep roots 🌱, consistent renter demand, and ongoing investment momentum in the corridor 💹
This combination of park-adjacent appeal 🌿, walkability 👟, transit access 🚌, and university proximity 🎓 is a landlord’s formula for low vacancy 📉.
🚀 Why 2444 Druid Hill Ave Stands Out ⭐
- 🏠 Owner-Occupant Opportunity — Live in the vacant unit, collect ~$1,990/month 💵, and potentially break even or profit on your mortgage from Day 1 🎯
- 💵 ~9.70% Cap Rate — Solid multi-family returns 📊 well above market average on a cash purchase 💰
- 📈 Rent Upside — Section 8 voucher-friendly 🏷️ 2BR units in this zip fetch $1,900–$2,436/month. Even at a conservative $1,000–$1,100/unit, this deal works ✅
- 🏘️ Multi-Unit Diversification — 3 independent income streams 💸 reduce vacancy risk 🛡️
- 📋 Turn-Key Legal Status — Active rental license ✅, lead-free certification 🟢, and sold in great condition 👍
⚡ Properties with active licenses, long-term tenants, and proven income in Druid Hill Park’s backyard don’t last long ⏰!
📲 Click here to call Cris Now to ask questions 🤔, schedule a showing 🗓️, or submit your offer ✍️!
