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MLS: #MDBA2221068, Listed By: Thomas Fair, Ben Frederick Realty, Inc., Source:Bright MLS

873 W Lombard Street

BALTIMORE, MD 21201
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Bed 5

Bed

Bath 0

Bath

SqFt2,880

Sqft

Acres0.03

Acre(Lot)

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-ai r 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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Detail Ic Property Details

Property Type : Residential Income

Price : $375,000

AD Id : 86486371

MLS Id : MDBA2221068

Beds : 5

Lot Size : 0.03 Acre

Living Area Size : 2,880

Year Built : 1890

County : BALTIMORE CITY

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Feature Features

  • Bedroom Information

    Total beds: 5
  • Interior Features

    Appliances: Gas Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Window Unit(s), Electric

  • Building Information

    Year Built: 1890 Building Area Total: 3840 Construction Materials: Brick Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 18' x 79' Lot Size Acres: 0.03 Lot Size Source: Estimated Lot Size Square Feet: 1422

  • Listing Price Information

    Listing Price: $375000

  • Tax Information

    Parcel Number: 0318080253 052 Tax Lot: 052 Tax Year: 2025 Annual Tax: $5442

  • Parking Information

    None

  • Location Information

    Direction: GPS WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
523 N Charles Street, Baltimore, MD, 21201 $599,000 2 -- 6,775 6,775 SqFt
825 N Charles Street, Baltimore, MD, 21201 $1,149,000 9 -- 7,240 7,240 SqFt
212 W Saratoga Street, Baltimore, MD, 21201 $324,900 2 -- 1,956 1,956 SqFt
25 W North Avenue, Baltimore, MD, 21201 $599,900 2 -- 3,150 3,150 SqFt
827 N Howard Street, Baltimore, MD, 21201 $369,900 2 -- 2,862 2,862 SqFt
816 W Lombard Street, Baltimore, MD, 21201 $449,900 5 -- 2,932 2,932 SqFt

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 06/27/2026 @ 12:48

MLS: MDBA2221068 LISTED BY: Thomas Fair, Ben Frederick Realty, Inc. 410-235-9500 SOURCE: Bright MLS

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