873 W Lombard St, Baltimore, MD 21201
Local realty services provided by:ERA Martin Associates
873 W Lombard St,Baltimore, MD 21201
$375,000
- 5 Beds
- - Baths
- 2,880 sq. ft.
- Multi-family
- Active
Listed by: thomas h fair
Office: ben frederick realty, inc.
MLS#:MDBA2221068
Source:BRIGHTMLS
Price summary
- Price:$375,000
- Price per sq. ft.:$130.21
About this home
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....
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Home facts
- Year built:1890
- Listing ID #:MDBA2221068
- Added:7 day(s) ago
- Updated:July 02, 2026 at 01:33 PM
Rooms and interior
- Bedrooms:5
- Living area:2,880 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1890
- Building area:2,880 sq. ft.
- Lot area:0.03 Acres
- Architectural Style:Converted Dwelling
- Construction Materials:Brick
- Foundation Description:Stone
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$375,000
- Price per sq. ft.:$130.21
- Tax amount:$5,442 (2025)
Features and amenities
- Amenities:200+ Amp Service
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