Penrose Homes under $250,000

Penrose Homes under $250,000

Welcome to Penrose, a charming subdivision nestled in the heart of Baltimore, Maryland. This vibrant community offers a unique blend of urban convenience and suburban tranquility, making it an ideal place for first-time homebuyers, families, and anyone looking to embrace the rich culture of this historic city.

One of the standout features of Penrose is its affordability. With homes available for under $250,000, this neighborhood is a beacon of opportunity for those seeking to enter the real estate market without breaking the bank. Here, you can find a variety of housing options, from cozy single-family homes to inviting townhouses, all boasting character and potential. The homes in Penrose provide the perfect canvas for personalization, allowing you to create a space that reflects your unique style.

Living in Penrose means being part of a close-knit community with easy access to the bustling energy of Baltimore. Residents enjoy nearby parks, local shops, and diverse dining options that showcase the city’s culinary delights. The subdivision’s convenient location also means you’re just a short drive or ride away from downtown Baltimore, where you can explore cultural attractions, entertainment venues, and waterfront activities.

Whether you’re looking to invest in your first home or searching for a charming place to settle down, Penrose offers an exceptional opportunity to live in a welcoming community without compromising on quality of life. Discover the possibilities that await you in Penrose—your new home is just a step away!

Newest Penrose Homes under $250,000

2120 W Lexington St, Baltimore
$65,000
3 Beds ⋅ 1 Baths
Bring your vision to this 3-bedroom, 1-bathroom Baltimore City rowhome offering plenty of potential for homeowners and investors alike! Whether you're searching for your next renovation project, looking to expand your investment portfolio, or hoping to create a home that reflects your personal style, this property is an opportunity worth exploring. Inside, you'll find a traditional layout with separate living and dining areas, a kitchen with room for improvements, and three bedrooms offering flexibility for everyday living. The unfinished basement provides additional storage and utility space, while the home's existing character offers a starting point for thoughtful updates and renovations. Conveniently located in Baltimore City with access to neighborhood amenities, shopping, public transportation, and major commuter routes, this property presents an opportunity to invest in a home with long-term potential.

2120 W Lexington St, Baltimore

Listing courtesy of LPT Realty, LLC. Contact:

2308 W Baltimore St, Baltimore
$174,900
3 Beds ⋅ 2 Baths
Welcome to 2308 W Baltimore St—beautifully renovated in 2026, with modern finishes and thoughtful upgrades throughout. This 3-bedroom, 1.5-bath home features an inviting open-concept layout, complemented by recessed lighting that adds a sleek, contemporary touch. At the heart of the home, the brand-new kitchen features Samsung appliances, a contemporary backsplash, and a large butcher block island with generous space for meal preparation and gathering. First-floor laundry adds convenience, while smart-home features bring a modern touch to your daily routine. The extensive renovation includes a new roof, a new water heater, and brand-new HVAC with an extended warranty. Outside, the fenced backyard offers space to create your own outdoor retreat—perfect for morning coffee, weekend gatherings, or relaxing at the end of the day. With its fresh interior, updated systems, and inviting spaces, this Baltimore City home is ready for its next chapter. Schedule your showing today!

2308 W Baltimore St, Baltimore

Listing courtesy of EXP Realty, LLC. Contact:

2212 W Lexington St, Baltimore
$85,000
3 Beds ⋅ 2 Baths
Spacious two-story porch-front townhome in the Penrose neighborhood—an excellent investment opportunity! This vacant property is in good condition and offers three bedrooms, one full bathroom, and a full basement. With generous living space and classic Baltimore rowhouse appeal, this home is ready for its next owner. Schedule your showing today!

2212 W Lexington St, Baltimore

Listing courtesy of R.M. Simpson Real Estate, LLC.. Contact:

521 N Longwood St, Baltimore
$95,000
3 Beds ⋅ 1 Baths
521 N Longwood St offers substantial potential for the right buyer. This 3-bedroom, 1-bath Baltimore rowhome features a traditional layout with multiple living areas, a full kitchen, and a covered front porch. Located in West Baltimore with convenient access to major commuter routes, shopping, schools, and downtown amenities, the property presents an opportunity for an investor, contractor, or buyer looking to renovate and add value. PROPERTY SOLD STRICTLY AS IS. Seller will make no repairs. One or more photos may have been virtually staged, digitally altered, or enhanced for illustrative purposes.

521 N Longwood St, Baltimore

Listing courtesy of Pavilion Real Estates L.L.C.. Contact:

23 Wheeler Ave, Baltimore
$110,000
4 Beds ⋅ 2 Baths
Welcome to 23 N Wheeler Ave, Baltimore, MD, a 4-bedroom, 2-full-bath rowhome offering a great opportunity for an investor looking to add an income-producing property to their portfolio. The property is currently tenant occupied at $1,500 per month, with rent currently below market, providing immediate rental income with potential for future rental growth. The home offers a spacious and functional layout with four bedrooms and two full bathrooms. Conveniently located in West Baltimore, with easy access to US-40, I-70, I-95, and I-695, providing convenient travel to Downtown Baltimore and surrounding areas. Nearby destinations include Coppin State University, Carroll Park, the West Baltimore MARC Station, University of Maryland Baltimore, and Downtown Baltimore, along with shopping, public transportation, and ongoing redevelopment throughout West Baltimore. A solid opportunity to acquire an already occupied, income-producing property with below-market rent and additional long-term potential.

23 Wheeler Ave, Baltimore

Listing courtesy of LPT Realty, LLC. Contact:

1900 Penrose Ave, Baltimore
$130,000
4 Beds ⋅ 2 Baths
Welcome to 1900 Penrose Ave, Baltimore, MD 21223, a renovated 4-bedroom, 2-full-bath rowhome offering a great opportunity for an investor or future owner-occupant. The property features an updated interior, spacious bedrooms, two full bathrooms, and a functional layout ready for its next owner. Conveniently located in West Baltimore with easy access to US-40, I-95, I-695, and I-70, making travel throughout Baltimore and the surrounding areas convenient. The home is also within easy reach of Downtown Baltimore, Coppin State University, Carroll Park, and the West Baltimore MARC Station. With continued investment and redevelopment taking place throughout West Baltimore, this property offers an opportunity to purchase a renovated home with no existing tenant in place, giving the new owner flexibility to occupy the property or place their own tenant. Schedule your showing today!

1900 Penrose Ave, Baltimore

Listing courtesy of LPT Realty, LLC. Contact:

2219 Penrose Ave, Baltimore
$195,000
3 Beds ⋅ 3 Baths
Classic elegance meets modern city living in Baltimore's historic Penrose! This immaculately kept Traditional townhouse boasts soaring ceilings and durable luxury vinyl plank flooring throughout the main level. The heart of the home is an expansive, modern kitchen featuring stunning quartz countertops, seamlessly transitioning into a grand living and dining layout tailored for effortless entertaining. Upstairs houses 3 generous bedrooms and 2.5 bathrooms. The partially finished lower level expands your living space with an open recreation area and a flexible bonus room. Enjoy ultimate convenience with a private rear concrete driveway for coveted off-street parking. A commuter's dream, this home sits moments from Downtown Baltimore and the West Baltimore MARC Station for an easy ride into D.C. Bonus: Seller willing to consider up to $5,000 in closing cost assistance with an acceptable offer! Schedule your tour today!

2219 Penrose Ave, Baltimore

Listing courtesy of Hawkins Real Estate Services. Contact:

2222 W Fayette St, Baltimore
$57,000
3 Beds ⋅ 1 Baths
Discover a prime investment opportunity in the heart of the Penrose neighborhood. This property boasts a classic Colonial architectural style and has three bedrooms and a full bathroom. The open floor plan seamlessly connects the dining and living areas, creating a versatile space for entertaining. The unfinished basement offers a blank canvas to create additional living space or storage, significantly increasing the property's value. With interior access and a connecting stairway, this area can be transformed into a desirable feature for future tenants or buyers. Exterior includes a welcoming porch, ideal for enjoying morning coffee or evening relaxation. Located in a vibrant community with easy access to local dining, market and public transportation, this townhouse is positioned for growth, with potential for appreciation as the area continues to develop. Don't miss this opportunity!

2222 W Fayette St, Baltimore

Listing courtesy of Century 21 Downtown. Contact:

2136 Penrose Ave, Baltimore
$219,900
3 Beds ⋅ 3 Baths
MAJOR BUYER INCENTIVE OPPORTUNITY! 2136 Penrose Avenue is located within an area eligible for Baltimore City’s Buy Back the Block program, which may provide substantial homebuyer assistance to qualified purchasers. Qualified buyers may also have access to additional Baltimore City down payment and closing cost assistance programs. In addition, qualified buyers may be eligible for 100% financing with NO PMI through a preferred lender, offering the opportunity to purchase this home with NO DOWN PAYMENT! Contact the listing agent for additional details on available incentives and financing options. All financing and incentive programs are subject to buyer and property eligibility, program requirements, funding availability, and lender approval. Buyer is responsible for verifying eligibility.Welcome home to 2136 Penrose Avenue, a well-maintained 3-bedroom, 3-full-bath home offering the space, comfort, and convenience today’s buyers are looking for! From the moment you step inside, you’ll appreciate the inviting layout and the pride of ownership throughout. The main level provides plenty of room for everyday living and entertaining, with a comfortable living area, dining space, and functional kitchen. Upstairs, you’ll find spacious bedrooms and the added convenience of a private full bathroom in the primary bedroom. Need extra space? The finished lower level offers even more possibilities with an additional full bathroom, making it perfect for a family room, home office, guest space, workout area, or entertainment room. Outside, enjoy the convenience of your own private rear parking pad, a valuable feature for city living. With three finished levels and three full bathrooms, this home offers flexibility for a variety of lifestyles. Conveniently located with easy access to Downtown Baltimore, major commuter routes, public transportation, shopping, dining, and everyday necessities. If you’ve been looking for a well-cared-for home with plenty of space and off-street parking, 2136 Penrose Avenue is one you’ll want to see. Schedule your showing and come see the possibilities for yourself!

2136 Penrose Ave, Baltimore

Listing courtesy of Keller Williams Realty Centre. Contact:

2221 W Lexington St, Baltimore
$90,000
2 Beds ⋅ 2 Baths
Welcome to 2221 W. Lexington Street, a charming 2-bedroom, 1.5-bath brick rowhome on a tree-lined street in West Baltimore. This inviting home features hardwood floors, a solid wood staircase, and a spacious den between the bedrooms—perfect for a home office, family room, or flex space. Relax on the welcoming front porch or explore the potential of the large unfinished basement, offering ample storage and endless possibilities for customization. Conveniently located on the MTA CityLink Blue bus route and just minutes from the West Baltimore MARC Station, this home provides easy access to downtown Baltimore, shopping, dining, entertainment, hospitals, schools, and major commuter routes. Whether you're a first-time homebuyer or an investor, this home offers comfort, convenience, and opportunity in a well-connected location.

2221 W Lexington St, Baltimore

Listing courtesy of Century 21 Downtown. Contact:

302 Gilmor St, Baltimore
$229,900
4 Beds ⋅ 2 Baths
***NEW PRICE*** Experience the epitome of luxury living in this meticulously renovated Colonial-style twin home, set to unveil its grandeur in 2026. This exquisite residence, originally built in 1920, has been transformed with high-end finishes and modern amenities, seamlessly blending classic charm with contemporary elegance. Featuring 4 beds, 2 bath and a partially finished basement for laundry & storage. Step inside to discover an expansive, perfect for creating a bespoke entertainment space or a private retreat. Indulge in the exclusive lifestyle this property affords, with no association fees and the freedom to personalize your outdoor oasis. The surrounding Penrose neighborhood enhances the allure, providing a vibrant community atmosphere. This home is not just a residence; it's a statement of luxury and refinement, inviting you to embrace a lifestyle of comfort and elegance. Don't miss the opportunity to make this exceptional property your own. Qualified buyers can get $5k+ toward their closing cost.

302 Gilmor St, Baltimore

Listing courtesy of Real Broker, LLC. Contact:

1921 W Fayette St, Baltimore
$175,000
3 Beds ⋅ 1 Baths
Welcome to 1921 W Fayette Street, a thoughtfully maintained Baltimore rowhome offering comfort and convenience in the heart of the city. Step inside to find spacious living and dining areas that flow seamlessly into an open kitchen, fully equipped with a pantry, stainless steel appliances, and plenty of room for cooking and gathering. This three-bedroom, one-bath home features durable luxury vinyl plank flooring on the main level and cozy carpeting on the second floor, creating inviting spaces for everyday living. Enjoy being close to local parks like Carroll Park and Union Square Park, where you can take advantage of open green space, playgrounds, and community events. Commuting is made easy with nearby access to the Metro Subway, Light Rail, and major highways including I-95, I-295, and I-83. Downtown Baltimore, the Inner Harbor, and Camden Yards are just minutes away, offering endless options for dining, shopping, and entertainment. This home may also qualify for Baltimore City and state homebuyer assistance grants, making ownership more affordable and accessible. With spacious living areas, modern updates, and a convenient central location, it is an excellent choice for your next home.

1921 W Fayette St, Baltimore

Listing courtesy of Berkshire Hathaway HomeServices PenFed Realty. Contact:

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