2862 Pelham Ave

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🔥 Baltimore Value-Add Deal | Updated Systems | $100K+ Spread 🔥

Address: 2862 Pelham Ave, Baltimore, MD 21213
Price: $125,000
ARV: ~$223,000

Property Overview

Solid 3-bed, 1.5-bath brick rowhome offering 1,164 sq ft with a finished basement and multiple recent updates. This is a medium rehab opportunity with strong upside for investors targeting a flip or rental.

Key Features

• 3 Beds / 1.5 Baths
• 1,164 Sq Ft
• Finished Basement (lower ceiling) + Half Bath + Walkout
• Front Porch + Fenced Backyard
• Built in 1927

Condition & Systems

• Roof: <5 years old
• Boiler: Replaced last year
• Kitchen: Updated ~8 years ago
• Bathroom: Updated ~5 years ago
• Hardwood floors in good condition
• Plumbing: Copper
• Electrical: Original but functional
• No central A/C
• Rehab needed: Mostly cosmetic + minor updates

Investment Highlights

• ~$100K spread to ARV
• Major systems already updated
• Basement adds usable space and value
• Ideal for fix & flip or buy-and-hold
• Strong comps supporting resale

Comparable Sales

• 2739 Chesterfield Ave – Sold $240K
• 2750 Pelham Ave – Sold $225K
• 2709 Pelham Ave – Sold $203K

Deal Potential

• Flip into the ~$210K–$240K range depending on finishes
• Rental with strong cash flow potential
• Light-to-moderate rehab with good upside

⚡ Deals with updated systems and this kind of spread in Baltimore don’t last — move quickly
 

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Resources:

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