885 W Lombard St, Baltimore, MD 21201

Baltimore
Local realty services provided by:ERA OakCrest Realty, Inc.
885 W Lombard St,Baltimore, MD 21201
$395,000
  • 3 Beds
  • - Baths
  • 3,705 sq. ft.
  • Multi-family
  • Active
Listed by: will a cannon iii
Office: ben frederick realty, inc.
MLS#:MDBA2231896
Source:BRIGHTMLS

Price summary

  • Price:$395,000
  • Price per sq. ft.:$106.61

About this home

New Price: $395,000. 885 West Lombard Street is a licensed four-unit Hollins Market apartment building with three occupied apartments generating $2,820 per month and one vacant apartment. An investor can lease the vacant apartment and increase below-market rents, while an owner-occupant can live in the vacant unit and use the existing rental income to offset the monthly mortgage payment. Offered at $98,750 per unit with a 14.3% projected cash-on-cash return. ● University of Maryland Location: Just two blocks from the University of Maryland graduate and professional schools, which do not offer on-campus housing. ● Two-Car Garage: Provides valuable off-street parking in a dense, walkable neighborhood. The property also passes the FHA self-sufficiency test, supporting owner-occupant financing with as little as 3.5% down. At the new $395,000 price and an illustrative 6.50% interest rate, estimated monthly PITI and mortgage insurance is $3,545. With estimated rents of $2,950 from the...

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Home facts

  • Year built:1890
  • Subdivision & Development:HOLLINS MARKET
  • Listing ID #:MDBA2231896
  • Added:9 day(s) ago
  • Updated:September 28, 2026 at 01:56 PM

Rooms and interior

  • Bedrooms:3
  • Basement:Yes
  • Basement Description:Full
  • Living area:3,705 sq. ft.

Heating and cooling

  • Cooling:Central A/C, Wall Unit, Window Unit(s)
  • Heating:Electric, Forced Air, Natural Gas, Wall Unit

Structure and exterior

  • Year built:1890
  • Building area:3,705 sq. ft.
  • Lot area:0.05 Acres
  • Architectural Style:Converted Dwelling
  • Construction Materials:Brick
  • Foundation Description:Brick/Mortar

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$395,000
  • Price per sq. ft.:$106.61
  • Tax amount:$6,818 (2026)

Parking

  • Parking description:Covered Parking, Detached Garage, Garage - Side Entry
  • Garage:Yes
  • Garage spaces:2

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