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Three-Unit Apartment Building
For Sale
$375,000

873 W Lombard St, Baltimore, MD 21201

Hollins Market multifamily property with two two-bedroom apartments, one one-bedroom apartment, and first-floor laundry.

Property Size2,880 SF
Price / SF$130.21
Days on Market38

Property Features for 873 W Lombard St

General Information

Standard status Active
Size 2,880 SF
Property subtype Residential Income

Financials

Asking Price $375,000
Cap Rate 8.46%

Amenities

coin-operated laundry room

Building Details

Buildings 1
Tenancy Multi
Listing Agency: Ben Frederick Realty, Inc.
Listed By: Will A Cannon III · License #657102
Source: Exprealty
Added: Jun 25 Changed: Jul 31 Last Checked: Jul 31 at 3:39PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ben Frederick Realty, Inc.

Investment Insights

Based on property information with market context.

873 W Lombard St is a three-unit Hollins Market apartment building with two two-bedroom apartments and one one-bedroom apartment. Kitchens feature wood cabinetry, laminate countertops, 30-inch 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 a gas-fired forced-air furnace. Units 1 and 2 share a central 40-gallon gas-fired water heater installed in 2017, while Unit 3 has a dedicated 29-gallon gas-fired water heater. The building includes four electric meters, 300 amps of total electric service, and three gas meters. Water reimbursement is partially in place. The property is two blocks from UMB graduate schools and near UMMC, the BioPark, downtown Baltimore, Martin Luther King Jr. Boulevard, and the B&O Railroad Museum.

Key Highlights

  • Three‑unit building with two two‑bedroom apartments and one one‑bedroom apartment
  • 2,880‑square‑foot Hollins Market apartment building at 873 W Lombard St
  • Coin‑operated laundry room located on the first floor

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Clothing & Fashion Store Restaurant Tanning Salon Plumbing Service Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

4,965
Businesses Nearby

Demographics for 21201, MD

18,382
Population
11,468
Households
1.6
Avg Household Size
34
Median Age
47%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
14,140
Density / Sq Mi
$44,722
Median Household Income
$44,239
Median Earnings
$1,282
Median Rent
$221,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Hollins Market multifamily property with two two-bedroom apartments, one one-bedroom apartment, and first-floor laundry.
Where is this triplex located?
The property is located at 873 W Lombard St Baltimore, MD.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Three‑unit building with two two‑bedroom apartments and one one‑bedroom apartment; 2,880‑square‑foot Hollins Market apartment building at 873 W Lombard St; Coin‑operated laundry room located on the first floor
More about this property
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