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Brick Triplex with Three-Unit Layout
New
For Sale
$199,000

1615 GWYNNS FALLS PARKWAY, Baltimore, MD 21217

Each residence is vacant and has its own furnace and separate BGE service.

Property Size2,790 SF
Price / SF$71.33
Days on Market4

Property Features for 1615 GWYNNS FALLS PARKWAY

General Information

Standard status Active
Size 2,790 SF
Total Parking Spaces 1
Property subtype Triplex

Property Condition

Severity Repairs Needed
Evidence heavy cosmetic upgrades

Site & Location

Road Access Yes
Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 2 x 1BR, 1 x 2BR
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $2,714

Building Details

Building Size 2,790 SF
Year Built 1900
Buildings 1
Stories 3
Construction brick
Listing Agency: ExecuHome Realty
Listed By: Dimitrios Lynch Jr. · License #621538
Source: Thehulsmangroup
Added: Oct 9 Changed: Oct 11 Last Checked: Oct 11 at 8:36AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ExecuHome Realty

Investment Insights

Based on property information with market context.

Built in 1900, this three-story brick triplex contains 2,790 square feet above grade. The three vacant apartments comprise a one-bedroom on the first floor, a two-bedroom on the second, and a one-bedroom on the third. Each has its own furnace and separate BGE service. The second-floor apartment features hardwood floors, a front bay window, an eat-in kitchen, a pantry, and a separate rear entrance. Exposed brick and a 2023 water heater are among the third-floor unit’s features. An unfinished basement provides storage.

The property is on Gwynns Falls Parkway, about a quarter mile from Mondawmin Metro, with bus lines nearby. Druid Hill Park, the Maryland Zoo, Mondawmin Mall, and Coppin State University are also nearby. A 16-foot rear alley serves the lot, with space for one car behind the building. The property passed its rental license and lead inspections earlier this year.

Key Highlights

  • Three apartments: one 1‑bedroom, one 2‑bedroom, and one 1‑bedroom
  • 2,790 square feet above grade in a three‑story brick building
  • Each unit has an individual furnace and separate BGE service

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Skin Care Clinic Law Firm Kitchen & Bath Showroom Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,061
Businesses Nearby

Demographics for 21217, MD

30,448
Population
20,064
Households
1.5
Avg Household Size
38
Median Age
22%
College-Educated
83%
High-School Grad
2.1 sq mi
ZIP Area
14,499
Density / Sq Mi
$37,207
Median Household Income
$40,668
Median Earnings
$1,065
Median Rent
$175,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Each residence is vacant and has its own furnace and separate BGE service.
Where is this triplex located?
The property is located at 1615 GWYNNS FALLS PARKWAY Baltimore, MD.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Three apartments: one 1‑bedroom, one 2‑bedroom, and one 1‑bedroom; 2,790 square feet above grade in a three‑story brick building; Each unit has an individual furnace and separate BGE service
More about this property
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