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🔥Dundalk Multi-Unit at 55% of ARV — Flip It, Rent It, or House Hack It

2913 Liberty Parkway, Dundalk, MD 21222

3

Bedrooms

3

Bathrooms

1,254

Sq Ft

1944

Year Built

2,280

Lot Size (sqft)

townhouse

Type

Property Description

2913 Liberty Pkwy, Dundalk, MD 21222

$135,510 Buy It Now | $245,000+ ARV | ~55% of ARV

3BR / 3BA | Multi-Unit History | Newer Roof | Newer PEX Plumbing | Newer Water Heater | Vacant

THE INVESTMENT THESIS

This is not a turnkey property. It's a value-add property with a strong entry point and multiple potential exits.

You're buying a vacant Dundalk row home at approximately 55% of the projected $245,000+ ARV, with several major infrastructure items already addressed:

  • Newer roof
  • Newer PEX plumbing
  • Newer water heater

The interior is where the opportunity — and the renovation budget — lives.

The property has a multi-unit history and an unusual configuration — each unit has its own bedroom, bathroom, and kitchen, and the basement has the infrastructure to potentially function as an additional unit.

That gives an investor several ways to approach the deal:

Flip it. Renovate the property for the retail buyer and target the $245,000+ ARV.

Hold it. Explore the multi-unit configuration and create rental income.

BRRRR. Renovate, stabilize, refinance, and retain the asset if the numbers support it.

House hack / owner-occupant exit. The configuration may appeal to a buyer looking for rental income to offset their housing costs.

Important: The multi-unit use, zoning, permits, and any required approvals should be independently verified by the buyer. We are selling the property and its existing configuration — not guaranteeing a particular legal use.

WHY THE ENTRY PRICE MATTERS

$135,510 BUY IT NOW

$245,000+ ARV

~55% OF ARV

At the Buy It Now price, you're entering well below the projected ARV.

That gap is what creates the opportunity.

But don't confuse the gap with profit.

The property needs significant interior renovation. Your actual margin will depend on your renovation scope, financing, holding costs, closing costs, resale strategy, and final market value.

We would rather give you the facts you need to underwrite the deal than sell you a fantasy.

WHAT YOU'RE GETTING

THE INFRASTRUCTURE

Several major capital items have already been addressed:

Newer Roof One of the largest potential capital expenses on an older row home is already behind you.

Newer PEX Plumbing The plumbing has been replaced with PEX throughout, reducing the risk associated with older plumbing infrastructure.

Newer Water Heater Another major mechanical item that does not need to be included as an immediate replacement in your renovation scope.

Vacant No tenant turnover or eviction process is required before beginning your renovation.

THE MULTI-UNIT ANGLE

This is where the property becomes more interesting than a typical Dundalk row home.

The property has historically been operated as a 2-unit, and the basement contains a kitchen, bathroom, and open living area that could potentially support a third unit.

Each unit has its own bedroom, bathroom, and kitchen.

That means the existing structure provides potential income-producing configurations without starting from a completely blank slate.

But here's the important part:

Do not assume the current configuration is legally approved for your intended use.

Before purchasing, verify:

  • Current zoning
  • Legal unit count
  • Existing permits
  • Certificate/occupancy requirements
  • Utility configuration
  • Fire/code requirements
  • Requirements for your intended rental or resale strategy

If the multi-unit strategy doesn't work for your particular business plan, the property can still be evaluated as a traditional single-family renovation.

That's the flexibility we like.

WHAT NEEDS TO BE DONE

This is a significant interior renovation.

Expect to evaluate and potentially replace/update:

  • Kitchens
  • Bathrooms
  • Flooring
  • Paint
  • Fixtures
  • Finishes
  • General cleanup
  • Interior modernization
  • Heating system
  • Other items identified during your due diligence

The property has been used as a rental for decades and has not received a modern renovation.

We are not representing this as a cosmetic flip.

Your renovation budget should reflect that.

KNOWN PROPERTY DETAILS

  • Address: 2913 Liberty Pkwy, Dundalk, MD 21222
  • 3BR / 3BA
  • Each unit has 1 bedroom, 1 bathroom, and 1 kitchen
  • Multi-unit history
  • Separate kitchen, bathroom, and bedroom per unit
  • Basement with kitchen + bathroom + open area
  • 1,254 SF above grade
  • 627 SF basement
  • 2-story brick center-unit row home
  • Vacant
  • Public water
  • Public sewer
  • Built 1944
  • Dundalk Highlands
  • Baltimore County
  • Oil-fired hot water heat / radiators
  • Window A/C units currently in place
  • Newer roof
  • Newer PEX plumbing
  • Newer water heater

THE RISK — IN PLAIN ENGLISH

If you're buying during the Buy It Now period without walking the property, underwrite this like an investor.

The biggest variables are:

1. Renovation scope The interior needs significant work. Your contractor's number matters more than ours.

2. Multi-unit legality The configuration exists, but you must verify the legal status and requirements for your intended use.

3. Mechanical condition Evaluate the oil-fired heating system and radiators.

4. ARV $245,000+ is our projected ARV. Review the comps and make your own valuation determination.

5. Holding costs and exit strategy A 55% purchase price does not automatically equal a 45% profit margin.

That's why we're giving you the information upfront.

Know the opportunity. Know the risks. Underwrite accordingly.

WHY WE THINK THIS DEAL DESERVES YOUR ATTENTION

Most value-add properties give you one obvious exit.

This one potentially gives you several.

FLIP

Renovate → retail resale → capture the spread.

RENTAL

Renovate → stabilize → generate rental income.

BRRRR

Renovate → stabilize → refinance → recover capital → hold.

MULTI-UNIT

Verify the configuration → renovate accordingly → pursue a higher-income rental strategy.

SINGLE-FAMILY

If the multi-unit strategy doesn't pencil, evaluate it as a traditional single-family renovation.

The property doesn't force you into one business model.

That's the opportunity.

THE NUMBERS

Buy It Now

$135,510

Projected ARV

$245,000+

Purchase / ARV

~55%

Above-Grade SF

1,254 SF

Basement

627 SF

📈 View Comps & Market Data

COMPS & MARKET DATA

Review the supporting sales and market data here:

View Comps & Market Data

Do your own underwriting.

BUY IT NOW

$135,510

This is the price to secure the property during the VIP Buy It Now period.

Cash or hard money.

Closing with RESE Title.

If multiple offers are received, we will request best and final from the strongest buyers.

Full photos and walkthrough video are available.

If you need to physically inspect the property before committing, contact us to arrange access.

WHO THIS DEAL IS FOR

Fix & Flip Investor You want a low entry basis and enough spread to create a retail product.

Landlord You want an older Dundalk asset where your renovation creates rental value.

BRRRR Investor You want to create value through renovation and potentially recycle your capital.

Multi-Unit Investor You see potential in the existing configuration and are willing to verify the legal/operational requirements.

WHO THIS DEAL IS NOT FOR

If you're looking for a turnkey property with minimal renovation, this isn't it.

If you need guaranteed multi-unit zoning, verify before you buy.

If you don't have enough margin for an unknown or two, don't force the deal.

We would rather have you pass on a deal that doesn't fit your numbers than buy something that doesn't.

BUY IT NOW PRICE: $135,510

If the numbers work for your strategy, submit your offer before the VIP period closes.

SUBMIT OFFER HERE

Property Details

County:Baltimore, MD
Municipality:Unincorporated
High Sch Dist:Baltimore County Public Schools
Tax ID:04121204036791
Tax Map:0103
Tax ID Alt:121204036791
Block:7
Tax Act Num:1204036791
City Council Dist:12
Lot:20
Parcel Number:501
Grid:0022
Qual Code:Average
Sub District:0
Sub Parcel:0501
Legal Subdivision:DUNDALK HIGHLANDS
Tax Year:2026
County Tax (Est):$1,696
Asmt As Of:2026
Annual Tax (Est):$1,696
Taxable Land Asmt:$32,000
Taxable Bldg Asmt:$117,400
State/County Tax:$1,696
Taxable Total Asmt:$149,400
SQFT:2,280
Acres:0.0520
Total SQFT:1,881
Residential Type:Row/Twnhse/Cluster
Residential Design:2 Story
Stories:2.00
Total Units:1
Abv Grd Fin SQFT:1,254
Below Grade Unfin SQFT:627
Model:Center Unit
Fireplace Total:
Bldg Condition:Average
Full Baths:2
Total Baths:2.0
Exterior:Brick
Residential Style:Attchd/Row Hse Int
Stories Desc:2
Property Class Code:R
Basement Type:Yes (Type Unknown)
Water:Public
Sewer:Public
Year Built:1944
Total Below Grade SQFT:627
Sec 1 Construction:Sec 1 Area:627Sec 1 Story Type:2B
Sec 1 Description:2 Story with BasementSec 1 Dimensions:Sec 1 Type:
Land Use:R Residential
County Legal Desc:PT LT 20 2913 LIBERTY PKWY DUNDALK
Use Type:TH-C 2 Story With Basement

Exit Strategies

Fix & FlipBuy & HoldBRRRROwner OccupantSection 8

DEAL FINANCIALS

Asking Price$135,510
ARV$245,000
Repair LevelModerate

Est. Monthly Rent$2,800
Discount to ARV45%
Run your own numbers with the ARV calculator →

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