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2550 W Lombard St Baltimore, MD 21223

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For Sale
$365,000

Updated 5-unit building with rental license and Section 8 tenant.

Property Features for 2550 W Lombard St

General Information

Property type
Commercial
Standard status
Active

Building Details

Year built
1900

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Listing Contact
Alice Jane Stewart
Source: Elliman

Listing Agency: Coldwell Banker Residential Brokerage Listing Agent: Alice Jane Stewart

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Baltimore Multifamily Building with Rental License

This multifamily building features five units and has been updated between 2024 and 2025 with new flooring, kitchens, bathrooms, and walls. The property has a Baltimore City Rental License allowing for 5 units. One unit is currently leased to a Section 8 tenant for $1,239 per month on a 2-year lease. The remaining four units are vacant and ready for new tenants. Unit 1, located on the main level, includes 1 bedroom, a full bath, a bonus room, a living area, and a kitchen. Unit 1F, also on the main level, is a studio apartment with 2 rooms, a full bath, and a kitchen, accessible via an exterior door on the back right side. Unit 1E, a detached casita at the rear of the property, features 1 bedroom, 1 full bath, a living/dining area, a kitchen, a front porch, a fenced front yard, and a small backyard. Unit 2, on the 2nd level, offers 2 bedrooms, 1 full bath, a bonus room, a living/dining area, a kitchen, and a covered balcony. Unit 3, on the 3rd level, is a studio apartment with a full bath, a kitchen, and a room with a divided wall and two entrance doors in the outside hallway.
Location Intelligence

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Apartment buildings

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Location Insight

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City
Baltimore
County
Baltimore
State
Maryland
Longitude
-76.6578662
Latitude
39.2859514

FAQs

What type of property is this?
Apartment building - Updated 5-unit building with rental license and Section 8 tenant.
Where is this apartment building located?
The property is located at 2550 W Lombard St Baltimore, MD.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: - Rent-ready building with a Baltimore City Rental License allowing for 5 units.; - Unit 2 is currently leased to a Section 8 tenant for $1,239/month on a 2-year lease, providing immediate income.; - Extensive updates completed in 2024-2025, including flooring, kitchens, bathrooms, and walls.
More about this property
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