5132 Pembridge Ave, Baltimore, MD 21215

Description

Renovated 5-bedroom, 4-bathroom home with finished basement offering exceptional flexibility—perfect as a spacious single-family residence or keep current configuration as two separate rental spaces.

With two full kitchens, two furnaces, two water heaters, two separate laundry areas, & two separate BGE meters, the possibilities are truly endless.

Space #1 has 3 bedrooms, 2 full bathrooms, Full-size kitchen, Private laundry, Central A/c, Separate Furnace & water heater and its own bge meter along with a Finished Basement entertainment area.
Space #2 has 2 bedrooms, 2 full bathrooms, Full-size kitchen, Private laundry, Central A/C,.Seperate Furnace & water heater and is own bge meter.

This home features granite countertops, recessed lighting, and luxury vinyl plank flooring for a modern, durable finish. Additional highlights include a spacious basement with ample storage and value-add potential, as well as a fully fenced backyard—perfect for entertaining or relaxing.

Recent upgrades completed in 2022 include a new roof, updated plumbing, HVAC systems, and 200-amp electrical service.

Flexible Living & Investment Options:
Option 1: Enjoy as a large single-family home featuring 5 bedrooms and 4 full bathrooms—ideal for multi-generational living or those seeking extra space.

Option 2: Live in one space and rent the other to generate cash flow and offset your mortgage—complete with separate entrances and separate utilities for added convenience and privacy.

Option 3: Maximize rental income by utilizing both spaces separately or individually as rooms for rent.

For investors seeking expansion opportunities, the neighboring property at 5134 Pembridge is also available and is currently configured as a two-space with a similar layout—offering the potential for a combined four-space investment.

Conveniently located across from the $400 million redevelopment of Pimlico Race Course (home of the Preakness Stakes), this property is close to major attractions and commuter routes. It is less than 3 miles from multiple shopping centers and dining options, approximately 3 miles from the Baltimore Zoo and Druid Hill Park, 2.5 miles from Forest Park Golf Course, 6 miles from Penn Station, and about 8 miles from Baltimore’s professional sports stadiums. Enjoy easy access to I-695, I-70, I-83, and I-95.

Don’t miss this rare opportunity to own a versatile, move-in-ready property that blends modern upgrades with strong income potential. Schedule your showing today.