Penrose Homes under $250,000

Penrose Homes under $250,000

Welcome to Penrose, a hidden gem nestled in the heart of Baltimore City, Maryland. This charming subdivision offers a unique blend of urban convenience and suburban tranquility, making it an ideal choice for homebuyers seeking affordability without sacrificing quality of life. With a vibrant community spirit and a welcoming atmosphere, Penrose is perfect for families, first-time homeowners, and anyone looking to invest in a lively neighborhood.

One of the standout features of Penrose is its incredible real estate opportunities. Homes in this delightful subdivision can be found for under $250,000, making it an attractive option for those looking to enter the housing market or downsize into a cozy abode. These properties often showcase the character and charm of Baltimore architecture, with many featuring classic brick facades and inviting front porches.

Living in Penrose means enjoying easy access to a variety of amenities. Residents can take advantage of nearby parks, local shops, and dining options that reflect the rich cultural tapestry of Baltimore. The community is also well-connected to public transportation, making it easy to explore all that the city has to offer, from the bustling Inner Harbor to the historic neighborhoods filled with art and history.

Whether you're searching for a starter home or a place to settle down, Penrose stands out as a vibrant community where affordability meets charm. Discover your next home in this delightful subdivision and become part of a neighborhood that truly feels like home.

Newest Penrose Homes under $250,000

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:

2222 W Fayette St, Baltimore
$60,000
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
$229,900
3 Beds ⋅ 3 Baths
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
$120,000
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:

2123 W Lexington St, Baltimore
$30,000
2 Beds ⋅ 1 Baths
Nestled in the Penrose neighborhood, this 2-bedroom, 1-bathroom townhouse exudes warmth and character. Built in 1920, the home showcases classic Federal architectural style with a timeless brick façade. Step inside to discover a traditional floor plan with wood floors that flows from the living room to dining area. The upper-level features two well-appointed bedrooms and a full bathroom with a tub shower, providing comfort and functionality. The unfinished basement offers endless possibilities for customization, whether you envision a home gym, recreation room, or additional storage space. Home is located in a vibrant community with easy access to local dining, amenities, public transportation and market. Don't miss the opportunity to make this townhouse your own!

2123 W Lexington St, Baltimore

Listing courtesy of Century 21 Downtown. Contact:

2327 W Lexington St, Baltimore
$25,000
3 Beds ⋅ 1 Baths
ONLINE AUCTION: This auction takes place on the Ashland Auction Group website bidding platform. Bidding begins 10/15/2026, 10:00 AM. Bidding ends 10/19/2026, 12:20 PM. The list price is the suggested opening bid. Deposit: $5,000. This two-story porch-front townhouse is located in the Penrose/Fayette Street Outreach neighborhood of Baltimore City. Residents can enjoy the nearby attractions and facilities such as the West Baltimore MARC Train Station, Westside Shopping Center, Grace Medical Center, and Lower Gwynns Falls Park. The property is vacant and in need of repairs. Well-located in Baltimore’s historic West Baltimore corridor, this property offers convenient access to downtown, major commuter routes, and nearby neighborhood amenities, presenting a strong opportunity for renovation or investment potential.

2327 W Lexington St, Baltimore

Listing courtesy of Ashland Auction Group LLC. Contact:

1905 Penrose Ave, Baltimore
$129,000
3 Beds ⋅ 2 Baths
An amazing opportunity for a first-time homeowner or for someone who wants to invest in a rental property, this 3-bedroom / 2-bathroom home in the heart of West Baltimore was completely gut renovated and feels brand new. From fresh luxury vinyl plank flooring, to sleek new kitchen cabinetry, new appliances, and bathroom tile work—this two-story home epitomizes what it means to step into a blank canvas. All three bedrooms offer ample space and closet space. There is also some real character in the exposed brick that was preserved on the lower level. Full of possibility, this property has all of the groundwork already laid, and with the West Baltimore MARC station just a few minutes away it is also commuter friendly. Schedule your private tour before it’s gone!

1905 Penrose Ave, Baltimore

Listing courtesy of Long & Foster Real Estate, Inc.. Contact:

1915 W Saratoga St, Baltimore
$25,000
3 Beds ⋅ 1 Baths
ONLINE AUCTION: This auction takes place on the Ashland Auction Group website bidding platform. Bidding begins 10/5/2026, 10:00 AM. Bidding ends 10/7/2026, 11:50 AM. The list price is the suggested opening bid. Deposit: $5,000. This two-story porch-front townhouse is located in the Penrose/Fayette Street Outreach neighborhood of Baltimore City. Residents can enjoy the nearby attractions and facilities such as the West Baltimore MARC Train Station, Grace Medical Center, Lower Gwynns Falls Park, and Westside Shopping Center. The property is vacant and in need of repairs. Conveniently located near N Monroe Street, a key Baltimore traffic artery providing easy access to surrounding neighborhoods, major routes, and city amenities.

1915 W Saratoga St, Baltimore

Listing courtesy of Ashland Auction Group LLC. Contact:

322 N Monroe St, Baltimore
$164,900
3 Beds ⋅ 3 Baths
Fully renovated 3-bedroom, 2.5-bath Baltimore City rowhouse located in the Penrose community. This beautiful, updated home features an open-concept main level, luxury vinyl plank flooring, spacious living room, separate dining room, and an updated spacious kitchen with gas cooking and new appliances and a half bath on the main level. Outdoor features include a deck off the rear of the home, a fenced in backyard, street parking as well as a parking lot in the rear of the home for extra parking. The home is modern, gives a luxury comfort, and is move in ready. Close to public transit hub and near downtown for all your entertainment in this great city of Baltimore.

322 N Monroe St, Baltimore

Listing courtesy of Keller Williams Gateway LLC. Contact:

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