873 W Lombard St, Baltimore, MD 21201

Baltimore
Local realty services provided by:Pagoda Realty ERA Powered
873 W Lombard St,Baltimore, MD 21201
$325,000
  • 5 Beds
  • - Baths
  • 2,880 sq. ft.
  • Multi-family
  • Active
Listed by: will a cannon iii
Office: ben frederick realty, inc.
MLS#:MDBA2236374
Source:BRIGHTMLS

Price summary

  • Price:$325,000
  • Price per sq. ft.:$112.85

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 $325,000, the property is projected at a 9.76% cap rate and 13.6% cash-on-cash return. Existing rents are close to market, giving investors current performance without depending on a heavy rent-growth or turnover strategy. With 3.5% down owner-occupied financing, a buyer could live in one apartment while rental income from the remaining units offsets most of the monthly payment. Based on projected rental income of $2,400 and estimated monthly PITI + PMI of $3,179, the buyer’s estimated PITI costs are covered with the rents from the other apartments — a compelling alternative to traditional renting while building equity in a 3-unit Baltimore multifamily property. With 20% down, an owner-occupant could live in one apartment for an estimated net housing cost of just $89/month, while rental income from the...

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Home facts

  • Year built:1890
  • Listing ID #:MDBA2236374
  • Added:1 day(s) ago
  • Updated:October 30, 2026 at 02:35 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:$325,000
  • Price per sq. ft.:$112.85
  • Tax amount:$5,442 (2025)

Features and amenities

  • Amenities:200+ Amp Service

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