Coming soon
$395,000
3,705 sqft · 2,376 sqft lot
885 W Lombard St, Baltimore, MD 21201
Multi-family · Built 1890 · $107/sqft ·
$2,576/mo est. payment
- Garage
- 2 cars
Flood factor 1/10
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 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.
Facts and features
Heating and Cooling
- Cooling Features: Central A/C, Window Unit(s), Wall Unit
- Heating Features: Forced Air, Wall Unit
- Heating: Yes
Land Info
- Lot Size Acres: 0.0545455
- Lot Size Square Feet: 2376
Garage and Parking
- Garage Spaces: 2
- Parking Features: Detached Garage
- Parking Total: 2
Multi-Unit Info
- Number of Units: 4
- Number of 1 Bedroom Units: 3
- Number of 2 Bedroom Units: 0
- Number of 3 Bedroom Units: 0
School Information
- School District: BALTIMORE CITY PUBLIC SCHOOLS
Other Property Info
- Annual Tax Amount: 6818
- Source Listing Status: Active
- County: BALTIMORE CITY
- Disclaimer: Standard
- Ownership: Fee Simple
- Source Property Type: Multi-Family
- Source Neighborhood: HOLLINS MARKET
- Postal Code Plus 4: 1245
Building and Construction
- Total Square Feet Living: 3705
- Year Built: 1890
- Above Grade Finished Area: 3705
- Below Grade Finished Area: 0
- Below Grade Unfinished Area: 1235
- Construction Materials: Brick
- Property Age: 136
- Structure Type: Interior Row/Townhouse
Schools
- 4
James McHenry Elementary School
elementary · K-8 · 0.1 mi
Mother Mary Lange Catholic School
elementary · K-8 · 0.4 mi
- 2
Francis M. Wood Alternative High School
high · 9-12 · 0.4 mi
- 4
George Washington Elementary School
elementary · K-5 · 0.4 mi
Pleasant Rock Christian School
elementary · K-1 · 0.5 mi
- 4
Southwest Baltimore Charter School
elementary · K-8 · 0.5 mi
Price history
- Oct 29, 2026 · Listed$395,000
- Oct 24, 2026 · Listing Removed—
- Sep 22, 2026 · Price Changed$395,000
- Sep 18, 2026 · Listed$425,000
Where it is
Listed by Will Cannon · Ben Frederick Realty, Inc. · BrightMLS
