REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

The Bollack Team

bollackteam@gmail.com +1(443) 299-7994

Listed by Will Cannon • Ben Frederick Realty, Inc.

$ 395,000

Est. payment -/mo

Save

Price Dropped by $30K

885 W LOMBARD ST Baltimore, MD 21201

3,705 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 3,705 sqft

Price per Sqft $106

Subdivision Hollins Market

MLS Listing ID MDBA2231896

Style Converted Dwelling

Abv Grd Liv Area 3,705

Year Built 1890

Annual Tax Amount $6,818

Tax Year 2026

Lot Size 2,376 Sqft

Acres 0.05

Lot Dimensions 18' x 132'

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

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 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.

Location

State MD

County Baltimore City

Zoning R-8

Rooms

Basement Full

Interior

Hot Water Electric, Natural Gas

Heating Forced Air, Wall Unit

Cooling Central A/C, Window Unit(s), Wall Unit

Inclusions 4 refrigerators, 4 ranges of varying sizes

Heat Source Natural Gas, Electric

Exterior

Parking Features Covered Parking, Garage - Side Entry

Garage Spaces 2.0

Water Access N

Accessibility None

Total Parking Spaces 2

Garage Y

Private Pool No

Building

Foundation Brick/Mortar

Above Ground Finished SqFt 3705

Sewer Public Sewer

Water Public

Architectural Style Converted Dwelling

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0318080253 045

Ownership Fee Simple

SqFt Source 3705

Special Listing Condition Standard

NEARBY SCHOOLS & PROPERTIES

The Bollack Team

Agent License ID: 660828

+1(443) 299-7994

GET MORE INFORMATION

QUICK SEARCH

There are 29 quick searches

The Bollack Team

885 W LOMBARD ST Baltimore, MD 21201

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

Go tour this home

885 W LOMBARD ST