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MLS: #MDBA2231896, Listed By: Will Cannon, Ben Frederick Realty, Inc., Source:Bright MLS

885 W Lombard Street

BALTIMORE, MD 21201
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Bed 3

Bed

Bath 0

Bath

SqFt3,705

Sqft

Acres0.05

Acre(Lot)

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 financ ing 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 remaining three apartments, an owner occupying Apartment 1 could have a net monthly housing cost of $595. *Ask us for details! Apartments feature wood kitchen cabinetry, laminate countertops, stainless-steel sinks, modern bathroom vanities, and durable laminate or ceramic flooring. Three apartments have individual gas-fired furnaces, while the fourth has an electric wall unit providing heat and air conditioning. The property has five electric meters and three gas meters. Located near UMMC, the University of Maryland BioPark, downtown Baltimore, and Martin Luther King Jr. Boulevard. Garage parking for two cars and potential tenant reimbursement of common-area electric and water expenses provide additional opportunities to increase monthly cash flow.

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Detail Ic Property Details

Property Type : Residential Income

Price : $395,000

AD Id : 91357507

MLS Id : MDBA2231896

Beds : 3

Lot Size : 0.05 Acre

Living Area Size : 3,705 Sq. Ft

Tax Amount : $6,818

Year Built : 1890

Garage : 2

County : BALTIMORE CITY

Subdivision: Hollins Market

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Feature Features

  • Bedroom Information

    Total beds: 3

    Room Information

    Has Basement: Yes Basement: Full
  • Interior Features

    Appliances: Electric Water Heater, Gas Water Heater
  • Heating & Cooling

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

  • Building Information

    Year Built: 1890 Building Area Total: 4940 Construction Materials: Brick Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 18' x 132' Lot Size Acres: 0.05 Lot Size Source: Estimated Lot Size Square Feet: 2376.02

    Property Information

    Subdivision: HOLLINS MARKET Source Property Type: Residential Income Postal Code Plus 4: 1245 Zoning Description: Licensed for 4 Dwelling Units. Property SubType: Quadruplex Property Age: 136

  • Listing Price Information

    Listing Price: $395000

  • Tax Information

    Parcel Number: 0318080253 045 Tax Lot: 045 Tax Year: 2026 Annual Tax: $6818

  • Parking Information

    Parking Total: 2 Garage, Covered, Detached

    Garage Information

    Has Garage: Yes Garage Space: 2

  • Location Information

    Direction: GPS WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
212 W Saratoga Street, Baltimore, MD, 21201 $324,900 2 -- 1,956 0.03 Acre
1728 N Charles Street, Baltimore, MD, 21201 $999,990 3 -- 3,770 0.04 Acre
25 W North Avenue, Baltimore, MD, 21201 $579,900 2 -- 3,150 0.06 Acre
827 N Howard Street, Baltimore, MD, 21201 $369,900 2 -- 2,862 0.03 Acre
700 N Howard Street, Baltimore, MD, 21201 $475,000 -- -- 4,413 --
873 W Lombard Street, Baltimore, MD, 21201 $325,000 5 -- 2,880 0.03 Acre

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 09/30/2026 @ 03:13

MLS: MDBA2231896 LISTED BY: Will Cannon, Ben Frederick Realty, Inc. 410-235-9500 SOURCE: Bright MLS

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