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Listed by Thomas H Fair • Ben Frederick Realty, Inc.

$375,000

Est. payment - /mo

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2,880 SqFt

New

873 W LOMBARD ST Baltimore, MD 21201

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Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,880 sqft

Price per Sqft $130

MLS Listing ID MDBA2221068

Style Converted Dwelling

Abv Grd Liv Area 2,880

Year Built 1890

Annual Tax Amount $5,442

Tax Year 2025

Lot Size 1,422 Sqft

Acres 0.03

Lot Dimensions 18' x 79'

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

873 West Lombard Street presents a 3-unit Hollins Market apartment building with performing in-place income, a central west-side location, and modest remaining upside. Offered at $375,000, the property is projected at an 8.46% cap rate and 9.24% cash-on-cash return. Existing rents are close to market, giving investors current performance without depending on a heavy rent-growth or turnover strategy.

The building includes two two-bedroom apartments and one one-bedroom apartment. Kitchens include wood cabinetry, laminate countertops, 30” gas ranges, and stainless-steel sinks. Bathrooms include modern vanities and steel tubs, with two ceramic tile surrounds and one fiberglass surround. A coin-operated laundry room is located on the first floor.

Each apartment has its own gas-fired forced-air furnace. Units 1 and 2 are served by a central 40-gallon gas-fired water heater installed in 2017, while Unit 3 has its own 29-gallon gas-fired water heater. The building has four electric meters, 300 amps of total electric service, and three gas meters. Water reimbursement is partially in place, giving a new owner the opportunity to standardize reimbursement language at renewal or turnover.

873 West Lombard is just two blocks from UMB graduate schools, with UMMC, the BioPark, downtown Baltimore, Martin Luther King Jr. Boulevard, and the B&O Railroad Museum nearby. Recent Census data shows the surrounding area is 85% renter-occupied, reinforcing the rental-heavy profile of this Hollins Market location. For investors, the appeal is straightforward: income is already in place, the building systems are manageable, and the location is supported by nearby educational, medical, employment, and cultural anchors.

Location

State MD

County Baltimore City

Zoning R-8

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Window Unit(s)

Inclusions 3 refrigerators, 3 30" gas ranges,

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Stone

Above Ground Finished SqFt 2880

Sewer Public Sewer

Water Public

Architectural Style Converted Dwelling

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0318080253 052

Ownership Fee Simple

SqFt Source 2880

Special Listing Condition Standard

NEARBY SCHOOL & BUSINESS

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873 W LOMBARD ST Baltimore, MD 21201

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Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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873 W LOMBARD ST