Positioned in the Station North Arts District on North Charles Street, this exceptional mixed-use property offers a rare opportunity to acquire a fully operational entertainment venue with additional residential income. The street-level commercial space is home to The Depot, an active music venue and full-service bar, featuring a performance area with easy alley access, DJ/sound booth, bar area, and the infrastructure needed to continue live entertainment operations. The sale includes valuable business assets, equipment, and licenses providing a seamless transition for an owner-user or investor. Above the commercial space are two residential apartments, offering stable rental income or on-site owner occupancy. Whether you're looking to continue the property's successful legacy as a live music destination, introduce a new hospitality concept, or capitalize on the flexibility of this mixed-use asset, 1728 N. Charles Street presents outstanding potential in one of Baltimore's most dynamic cultural districts.
1125 Saint Paul Street – Four-Unit Investment Opportunity in Mid-Town Belvedere This beautifully maintained and thoughtfully updated four-unit apartment building offers an exceptional investment opportunity in the highly desirable Mid-Town Belvedere neighborhood. Whether you're looking to expand your investment portfolio or purchase an owner-occupied property, this building combines historic character, modern upgrades, and a prime walkable location. The property features four spacious one-bedroom, one-bathroom apartments, each with its own private entrance, in-unit washer and dryer, updated kitchens, and modern bathrooms. The apartments blend timeless architectural details—including hardwood floors, soaring ceilings, oversized windows, decorative fireplaces, and original moldings—with contemporary finishes that today's tenants appreciate. The kitchens feature granite countertops, quality cabinetry, stainless steel sinks, and modern appliances. Several units include dishwashers and built-in microwaves, while one apartment offers an expanded chef's kitchen with generous counter space, ideal for cooking and entertaining. Basement Studio also enjoys a private enclosed brick courtyard, providing a peaceful outdoor space for relaxing or gathering with friends. Additional amenities include a two-car garage with income potential and ample basement storage for tenants. The property's utility layout supports efficient management, with separately metered electric service for each apartment and systems designed to simplify ownership. Prime Mid-Town Belvedere Location Location is one of this property's greatest assets. Situated in the heart of Mid-Town Belvedere, residents enjoy a highly walkable neighborhood with convenient access to downtown Baltimore's restaurants, cafés, cultural attractions, and everyday conveniences. Penn Station is just a short walk away, offering easy access to Amtrak, MARC commuter rail, and Light Rail service, making travel throughout the region simple. The property is also minutes from major employers, hospitals, universities, and Baltimore's renowned arts district, including theaters, museums, and live entertainment venues. With strong rental demand, classic Baltimore architecture, modern updates, and an unbeatable location, 1125 Saint Paul Street presents an outstanding opportunity for investors seeking a quality, income-producing asset in one of the city's most desirable neighborhoods.
This meticulously maintained, turnkey duplex offers an excellent opportunity for both investors and owner-occupants. Situated on an end-unit lot, the property features two separately metered units, each offering its own private kitchen and full bathroom. The first-floor unit provides additional living space with a finished basement and convenient half bathroom. The second-floor unit features an enclosed sun porch, providing flexible space for relaxing, entertaining, or additional everyday use. Additional amenities include a separate oversized one-car garage and off-street parking for approximately 2–3 vehicles. Major recent improvements include a new HVAC system installed in 2024, a new roof in 2025, and new hot water heaters in 2026. With its functional layout, separate utilities, valuable parking, and significant recent updates, this well-cared-for property offers excellent flexibility and income-producing potential. Whether you're looking to expand your investment portfolio or occupy one unit while generating rental income from the other, this duplex presents a compelling opportunity.
601-603 Whitelock Street presents an opportunity to acquire a fully detached five-unit apartment building in Baltimore's Reservoir Hill neighborhood at an attractive basis of just $100,000 per apartment. Unlike many value-add opportunities requiring significant renovation, this property has already been updated with durable finishes appropriate for today's rental market, allowing a new owner to focus on leasing rather than construction. The property consists of five one-bedroom apartments, including one unique two-story unit. Interiors feature granite countertops, wood cabinetry, ceramic tile backsplashes, modern bathrooms, recessed lighting, and stacked washers and dryers in every apartment. The recent renovations were completed with durable, low-maintenance finishes that fit the neighborhood and position the property for immediate lease-up rather than a costly renovation program. Each apartment is self-contained with individually metered gas and electric service, paid directly by the tenants. Every unit is served by a 90+ efficient gas-fired forced-air furnace with central air conditioning and its own 50-gallon water heater. The building features 400-amp electrical service and Hersey water meters already installed for future water bill-backs, creating an opportunity to reduce operating expenses and improve net operating income. A previous Limited Lead-Free certification also indicates the potential to recertify the building, reducing administrative requirements at future turnovers. Reservoir Hill continues to benefit from substantial public and private investment. Just steps from the property, the newly reopened walking loop around Druid Lake has restored one of Baltimore's signature recreational destinations following the City's landmark reservoir modernization project. Less than one-half mile away, MCB Real Estate is developing the $170 million Reservoir Square, anchored by a new Streets Market grocery store, retail, and neighborhood services. These investments continue to strengthen one of Baltimore's most historic neighborhoods while improving everyday convenience for residents. For investors seeking an affordable apartment acquisition with modern interiors, individually metered utilities, and meaningful neighborhood momentum, 601-603 Whitelock offers the opportunity to acquire a renovated asset, lease it up immediately, and participate in the continued revitalization of Reservoir Hill.
EXCELLENT INVESTMENT OPPORTUNITY for a first time homebuyer in Baltimore. Welcome to 1504 McCulloh Street, a tenant occupied THREE UNIT property featuring three 1 bedroom, 1 bathroom units, with Unit 3 offering an additional small den or flex space. This property produces STRONG RENTAL INCOME with current monthly rents totaling $3,365 per month. Unit 1 includes a bathroom renovation completed in 2026. Unit 2 was fully renovated in 2023 with LVT flooring, updated vanity, fixtures, ceiling fans, refreshed kitchen cabinets, and bathroom updates. Unit 3 has had hallway carpet removed and fresh paint completed. The roof was refinished approximately 5 years ago and the HVAC has been serviced. Conveniently located near public transportation, major commuter routes, downtown Baltimore, Druid Hill Park, Penn North, and surrounding redevelopment areas. GREAT OPPORTUNITY for an investor looking to add a cash flowing multi unit property to their portfolio.
Amazing Opportunity - 3 UNIT Multi-Family Property with great cash flow! ALL 2 BRs with 1 Ba UNITS Currently all on Vouchers FULLY OCCUPIED! Qualifies as a residential purchase - FHA and VA Financing Available as well as CONVENTIONAL and CASH!! Property in good shape with a turnkey business ready for you. All Documents and Licenses Certified including LEAD Certs.
Welcome to 2427 Linden Avenue, a well-maintained two-unit brick property offering the perfect blend of immediate income potential and long-term value. One unit features two bedrooms and one full bath, and the other with 2 bedrooms and 2 baths, making this an ideal opportunity for investors or owner-occupants seeking rental income. The beautifully renovated first-floor apartment is move-in ready, showcasing updated finishes, hardwood floors, exposed brick accents, central air conditioning, and in-unit laundry. The upper-level unit is currently tenant-occupied, providing immediate cash flow. Additional highlights include a 2 car detached garage, basement storage, and a fenced outdoor space. Located in the heart of Reservoir Hill, this property is just moments from Druid Hill Park, MICA, Johns Hopkins University, The Maryland Zoo, and downtown Baltimore, with convenient access to I-83 and public transportation. Residents also enjoy nearby community gardens, parks, and ongoing neighborhood revitalization efforts. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, 2427 Linden Avenue presents an outstanding opportunity in one of Baltimore's most vibrant and evolving neighborhoods.
Full of character and possibilities, this 1929 Cape Cod offers a unique layout with separate living areas and updated spaces throughout. A welcoming covered front porch showcases the timeless charm of classic Baltimore homes and provides separate entrances to each living space. The main level features LVP flooring, a spacious living room, separate dining area, and an updated kitchen with white cabinetry and stainless-steel appliances. The main level bedroom offers a convenient shower and vanity area, along with a separate half bathroom. The finished lower level expands the living space with a large flexible area that can be used as a family room, additional bedroom space, or recreation area, complete with a full bathroom. The upper level offers its own private entrance and includes a living room, bedroom, full bathroom, and charming eat-in kitchen. Updated throughout while maintaining the character and charm of its 1929 roots, this home offers incredible versatility for multi-generational living, guests, and a great investment possibility.
EXCEPTIONAL mixed-use commercial/multi-unit property located on highly traveled Harford Road/Hamilton & Lauraville community. Offering multiple income streams and future development potential. This unique offering includes a fully renovated 4-unit commercial building, a separated mixed use structure and an expansive 1.14 acre lot with 2 plots connected to this land and two points of ingress/egress- a rare find in this corridor. This Property has been pre-appraised (priced to sell). The 4,960 square foot multi-unit has 4 units all newly renovated. ALL units are currently tenant occupied with a rental income over $5,000. Commercial property is zoned for mixed use and includes bathrooms, and potential office space. Commercial building exterior is freshly painted with new trimmings. Potential rental income is $2,500-$3,000/month Land totaling 1.14 acre including two separate/buildable plots. Many possibilities and multiple income streams. This enormous property is ideal for investors seeking stable income owner-operators, or developers looking for a property with scale, visibility, and growth potential. Conveniently located near major commuter routes, public transportation and established neighborhoods. Don't miss this opportunity.
Unique income-producing multi-unit property ideally located in Northwest Baltimore near the transformative Pimlico Race Course redevelopment and ongoing Park Heights revitalization efforts. This spacious property features two separate residential units, offering excellent flexibility for investors, owner-occupants, or multi-generational living. The first unit is a well-designed single-level apartment-style residence featuring 3 bedrooms and 1 full bathroom. The second unit is a generously sized bi-level residence offering 4 bedrooms and 1 full bathroom with ample living space across two levels. With a total of 7 bedrooms, this property presents strong rental income potential and long-term upside in an area benefiting from significant public and private investment. The nearby Pimlico redevelopment project is expected to bring substantial economic activity, job creation, community improvements, and continued investment to the surrounding Park Heights and Northwest Baltimore neighborhoods. Conveniently located near major commuter routes, public transportation, shopping, dining, parks, and local amenities. Whether you're looking to expand your investment portfolio, live in one unit while renting the other, or capitalize on the growth occurring in the surrounding area, this versatile property offers a compelling opportunity. Schedule your showing today and explore the possibilities this unique multi-unit property has to offer.
2810 Saint Paul Street presents a Charles Village value-add apartment building offered at just $117,500 per unit, with below-market rents, deferred maintenance, and a long-term ownership history. Rather than paying a premium for someone else's renovation choices, investors have the opportunity to improve the property at their own pace and to their own specifications. Whether through cosmetic apartment updates, phased renovations as units become available, utility bill-backs, basement electric separation, or future capital improvements to the building's systems and common areas, 2810 Saint Paul Street offers multiple paths to increased income and long-term value. The building includes 2 two-bedroom apartments and 2 one-bedroom apartments. The building is separately metered with four gas meters and four electric meters, and investors may further improve operations by separating the basement apartment's electric service and implementing a water bill-back program. These operational improvements can reduce expenses while complement future rent growth. Combined with below-market rents and multiple opportunities to increase income and improve operations, this is the type of investment where thoughtful improvements can create meaningful long-term value. As apartments are updated over time, a new owner can better compete for Johns Hopkins students, faculty, employees, and other renters seeking renovated housing in Charles Village, supporting higher rents and continued appreciation.
LOWEST PRICE TRIPLEX IN 21217...Separtely metered , separtae systems. End of Group. NOT AN AUCTION, NOT A SHORT SALE, NOT A BANK OWNED, NOT A FORECLOSURE, NOT WHOLESALING---QUICK AND EASY. Sold "AS IS".
Turnkey Multi-Family Investment Opportunity – Projected to Gross Over $3,200/Month! Don't miss this exceptional income-producing opportunity at 2920 Parkwood Ave., Baltimore, MD 21217. Located in the rapidly revitalizing Druid Heights neighborhood, this legally zoned 3-unit brick multi-family property is a turnkey investment with strong cash-flow potential. Whether you're looking to expand your rental portfolio, live in one unit while renting the others, or capitalize on Baltimore's growing rental market, this property checks all the boxes. The property features three separately configured units, including a cozy efficiency with a full bath, plus two spacious 1-bedroom, 1-bath apartments. With projected gross rental income of over $3,000 per month, this property offers immediate income potential and an attractive return for both seasoned and first-time investors. Additional highlights include a large unfinished basement offering abundant storage or future value-add possibilities, a private fenced backyard, and alley access with off-street parking—a highly desirable feature for tenants in the city. Perfectly positioned just minutes from Druid Hill Park, tenants will enjoy walking access to the Maryland Zoo, Howard P. Rawlings Conservatory & Botanic Gardens, and the scenic Druid Hill Reservoir. Convenient access to public transportation, major commuter routes, downtown Baltimore, universities, hospitals, and neighborhood amenities further enhances the property's long-term rental appeal. With strong income potential, a desirable location, and room for future appreciation, 2920 Parkwood Ave. is a rare opportunity to acquire a cash-flowing, turnkey multi-family asset in one of Baltimore's emerging investment corridors. Schedule your showing today and add this high-performing property to your portfolio before it's gone!
Exceptional Value-Add Investment Opportunity! Unlock the potential of 3302 Auchentoroly Terrace, a spacious renovation project with the possibility of creating a 3-unit multifamily property (buyer to verify zoning and permitted use). Offering over 3,600 square feet across three levels plus a basement, this property also includes a detached garage, providing additional value and flexibility. Ideally situated near Druid Hill Park, Mondawmin, Coppin State University, Baltimore City Community College, University of Maryland Medical Center Midtown Campus, Johns Hopkins, and other major Baltimore attractions, this location offers strong rental demand and long-term investment potential. Renovations have already begun, creating an excellent opportunity for an experienced investor or developer to complete the project and maximize its value. Whether your strategy is to develop a multifamily asset, generate cash flow, or build long-term equity, this property offers exceptional upside. Buyer to perform all due diligence regarding zoning, permits, and intended use. Some pictures are renderings of a finished outcome.
Welcome to 315 Elrino Street- a turn key 2 unit property. The home is properly zoned for 2 units with the city and has 2 separate electric meters. Many large mechanical systems have been recently updated such as gas boiler, water heater, rubber roof replacement and all water lines and main replacement. The upstairs unit features a kitchen, full bath, living room and bedroom The downstairs unit features kitchen with an eating area, living rooms, 1.5 bathrooms and 2 bedrooms Walk to JHU Bayview/NIH, easy access to 95 and walkable to the new Yard 56. Great investment property or live in one unit, rent the other!
PRICE IMPROVEMENT - Luxury Living. Exceptional Investment. Bring All Offers! Experience the rare opportunity to own this exquisitely renovated, end-of-group luxury townhome featuring LUXURY LIVING. EXCEPTIONAL INVESTMENT. BRING ALL OFFERS! Experience the rare opportunity to own this exquisitely renovated, end-of-group luxury townhome featuring two beautifully appointed residences under one roof. Both residences have been thoughtfully designed with upscale finishes, contemporary kitchens, granite countertops, stainless steel appliances, and separate entrances to maximize privacy and convenience. Whether you're seeking an extraordinary primary residence with income-producing potential or a sophisticated multigenerational living arrangement, this one-of-a-kind property delivers an unmatched combination of elegance, space, and versatility. Unit 1 offers over 3,700 square feet of impeccably finished living space, showcasing five spacious bedrooms, three and one-half designer baths, and a thoughtfully designed open-concept floor plan. Rich exposed brick walls, soaring ceilings, and a striking floating staircase create an unforgettable architectural statement. The deluxe owner's retreat is a true sanctuary, featuring a spa-inspired ensuite bath and an expansive walk-in closet. The finished lower level provides additional living and entertaining space, while the upper, spectacular rooftop terrace offers sweeping panoramic views of the Baltimore skyline. Unit 2 is a beautifully finished 900-square-foot private residence featuring two bedrooms, its own private entrance, a modern kitchen with granite countertops, stainless steel appliances, and in-unit washer and dryer—perfect for generating rental income, accommodating extended family, or welcoming long-term guests. Outside, enjoy the exceptional luxury of a secured private concrete driveway accommodating up to six vehicles—an extraordinary amenity rarely found in historic Fells Point—along with ample additional off-street parking. Ideally situated in the heart of Fells Point, this remarkable home places you just moments from the neighborhood's renowned waterfront, award-winning restaurants, vibrant nightlife, boutique shopping, Johns Hopkins Hospital, and Baltimore's iconic Inner Harbor. Properties offering this level of craftsmanship, flexibility, and investment potential are exceptionally rare. Bring all offers and schedule your private tour today—this extraordinary opportunity won't last.
Rare opportunity to acquire a two-unit property in the heart of historic Butchers Hill. Ideally located just blocks from Johns Hopkins Hospital, Patterson Park, Fells Point, and some of Baltimore's most popular restaurants, shops, and waterfront attractions. The upper unit offers immediate income potential with a spacious multi-level layout featuring two bedrooms, one full bath, and a versatile den. The lower one-bedroom, one-bath unit presents a value-add opportunity for investors seeking to renovate and maximize returns. Featuring character-rich details including exposed brick, hardwood flooring, and abundant natural light, this property offers the perfect combination of location, flexibility, and upside. Whether expanding your portfolio or pursuing an owner-occupant investment strategy, this is an awesome opportunity.
2405 Barclay Street offers a unique opportunity for an owner-occupant seeking to build long-term wealth through real estate. By living in one apartment and renting the remaining two, a purchaser can offset a significant portion of the monthly housing expense while benefiting from rental income, principal reduction, and future appreciation. With three one-bedroom apartments, individual utilities, and below-market rents that offer future upside, the property provides both immediate housing and the opportunity to grow cash flow over time as apartments turn over. 2405 Barclay Street also offers a compelling owner-occupant opportunity. With just 3.5% down, an owner occupying one apartment could collect approximately $2,600 per month from the other two apartments, leaving a projected net monthly housing cost of only $464. Ask us for details! For investors, at $116,667 per unit, 2405 Barclay Street offers a lower-cost opportunity to acquire a three-unit apartment building in one of central Baltimore's most renter-supported neighborhoods. Recent census data indicates that 58% of neighborhood households rent their homes, while the surrounding housing stock remains predominantly single-family, helping support continued demand for apartment housing. Current rents remain below market, creating an opportunity to increase income as apartments turn over. For an investor utilizing conventional financing with a 20% down payment, the property produces a projected 8.75% capitalization rate and a 10.2% cash-on-cash return at market rents, illustrating the long-term income potential available through market rent alignment.
Prime investment opportunity to own this versatile three-level mixed-use property offering both commercial and residential income potential. The main level features a spacious retail storefront with a large open sales area, a convenient half bath, and two separate storage rooms, making it ideal for a variety of business uses. The upper two levels each offer a private one-bedroom, one-bath apartment, providing excellent rental income opportunities or the perfect live/work arrangement for an owner-occupant. The property is separately metered, allowing for simplified management and tenant billing. Whether you're an investor looking to expand your portfolio or an entrepreneur seeking a business location with residential accommodations above, this property offers exceptional flexibility and long-term value. Separate parking lot also available for sale - 311 Tyson St which offers 5 off street parking spaces.
Welcome to this 4-level townhouse that offers classic charm and modern convenience in the heart of Baltimore! This property presents unique opportunity with two units, each showcasing its distinctive character. You can live in one unit and have the other unit as potential rental income. The first unit features three well-appointed bedrooms, three full and half bathroom, a spacious living room and an updated kitchen with island, white shaker cabinetry, granite countertops and stainless-steel appliances. The 2nd unit offers three bedrooms, three full bathrooms with tub & stall showers, a living room and an upgraded kitchen with granite countertops and stainless-steel appliances. Both units have living spaces that are adorned with a mix of carpet, laminate plank, and ceramic tile flooring, providing both comfort and style. The partially finished basement, accessible via a connecting stairway, offers additional living space and utility. Outside, the rear yard provides a private outdoor retreat, ideal for relaxation or entertaining. Enjoy picturesque views of the adjacent Harlem Square Park, which once stood as one of the city's largest and most beautiful parks. This home is located in vibrant neighborhood that offers a wealth of cultural attractions and dining venues, making it a sought-after destination for city living. Don't miss out on this wonderful opportunity! Schedule a showing today.
5% DOWN PAYMENT ASSISTANCE FOR OWNERS WITH 600 FICO. Great for savvy owner occupant or investor! This property is divided into two separate units with separate electric meters, hot water heaters, washers, dryers, dishwashers, CAC. granite countertops. 4 finished levels. Owner-occupants can live In one unit and rent the other. Owner-occupant can get long=term financing with low down payment and best interest rate. Move out in a few years and keep the property as an investment while your tenants pay off the mortgage for you. 5% down payment assistance for owner occupants with a 600+ credit score!. Investors can get a high return on investment with a 12% cap rate. Don’t trust the stock market? Here is your alternative. The experts say that any investment portfolio should include real estate. Here’s your chance to get started on your diversification plan.
Former home of President Woodrow Wilson and one of Bolton Hill's most distinguished historic residences. This grand late-19th-century Italianate townhouse offers approximately 5,425 square feet and is currently configured as four fully leased one-bedroom, one-bathroom apartments. Rich architectural details have been carefully preserved throughout, including original marble fireplace mantels, ornate plaster moldings, soaring ceilings, gilded mirrors, hardwood floors, and a stunning central staircase. Designer-updated kitchens and bathrooms blend modern convenience with historic character, while recent improvements include a new roof and new sewer line. A private rear garden and detached garage provide amenities rarely found in the city. Ideally located on historic Eutaw Place directly across from the Francis Scott Key Fountain and one block from the State Center Metro Station. Convenient to Penn Station, MICA, the University of Baltimore, Peabody Conservatory, the Bolton Hill Swim & Tennis Club, the Lyric Performing Arts Center, and the Joseph Meyerhoff Symphony Hall. A rare opportunity to own a landmark Baltimore property offering architectural significance, stable rental income, and an exceptional location in one of the city's most sought-after historic neighborhoods. Property is located within the Midtown Community Benefits District and is subject to applicable district taxes, fees, and regulations. Currently has conditional use for three dwelling units.
Rare Franklin Square Garage / Redevelopment Opportunity! Located behind 1313 W Fayette Street, 1310 W Fairmount Street offers a unique opportunity to acquire an oversized industrial-style garage in Baltimore’s historic Franklin Square area. Whether purchased separately or in combination with the adjoining multi-family property and lot, this property presents a flexible value-add opportunity with multiple potential uses. The existing structure offers substantial interior space that may be suitable for continued use as a garage, contractor storage, business operations, private parking, vehicle storage, or other commercial-style needs, subject to buyer verification. With its size, layout, and location, the property also offers possible redevelopment potential for multi-family units, parking, or another creative use, pending all zoning, permitting, and city approvals. Opportunities like this can be difficult to find in the city—especially near a historic park setting, downtown employment centers, the University of Maryland Baltimore area, commuter routes, and surrounding neighborhood amenities. The garage’s scale and placement create flexibility for investors, builders, business owners, or buyers looking to assemble multiple parcels in one location. For buyers considering the larger opportunity, this garage sits behind the separately available 6-unit building at 1313 W Fayette Street, creating the potential for a broader investment package with multiple income-producing or redevelopment angles. Bring your vision, complete your due diligence, and explore the possibilities at 1310 W Fairmount Street. Whether used as garage space, parking, business space, or a future redevelopment project, this is a rare chance to secure a large, flexible property in the Franklin Square area.
873 West Lombard Street presents a 3-unit Hollins Market apartment building with performing in-place income, a central west-side location, and modest remaining upside. Offered at $349,000, the property is projected at a 9.09% cap rate and 11.3% cash-on-cash return. Existing rents are close to market, giving investors current performance without depending on a heavy rent-growth or turnover strategy. With 3.5% down owner-occupied financing, a buyer could live in one apartment while rental income from the remaining units offsets most of the monthly payment. Based on projected rental income of $2,400 and estimated monthly PITI + PMI of $3,064, the buyer’s estimated net housing cost would be approximately $664/month before other ownership expenses — a compelling alternative to traditional renting while building equity in a 3-unit Baltimore multifamily property. With 20% down, an owner-occupant could live in one apartment for an estimated net housing cost of just $164/month, while rental income from the remaining units offsets most of the monthly payment. The building includes two two-bedroom apartments and one one-bedroom apartment. Kitchens include wood cabinetry, laminate countertops, 30” 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 its own gas-fired forced-air furnace. Units 1 and 2 are served by a central 40-gallon gas-fired water heater installed in 2017, while Unit 3 has its own 29-gallon gas-fired water heater. The building has four electric meters, 300 amps of total electric service, and three gas meters. Water reimbursement is partially in place, giving a new owner the opportunity to standardize reimbursement language at renewal or turnover. 873 West Lombard is just two blocks from UMB graduate schools, with UMMC, the BioPark, downtown Baltimore, Martin Luther King Jr. Boulevard, and the B&O Railroad Museum nearby. Recent Census data shows the surrounding area is 85% renter-occupied, reinforcing the rental-heavy profile of this Hollins Market location. For investors, the appeal is straightforward: income is already in place, the building systems are manageable, and the location is supported by nearby educational, medical, employment, and cultural anchors.
? Strong Cash Flow Potential in a Growing Neighborhood — 12.1% projected ROI at market rents.. ? Strong Physical Condition — 2020 roof, replacement wood windows, individual HVAC units, and updated plumbing minimize repair expenses. ? Walkable Location Near Daily Essentials — Tenants enjoy access to Giant, Ace Hardware, the YMCA, and a year-round farmers market—all within a 4-minute walk—supporting consistent rental demand. Owner-Occupant Financing Scenarios: A: House Hack with FHA Financing: Purchase with just 3.5% down, occupy one apartment, and projected rental income from the other three apartments is essentially equal to your entire monthly PITI and PMI. B: Prefer Conventional Financing? Put 20% down and collect rent from the other three apartments. Your projected monthly housing cost is only $729 per month—less than renting a comparable two-bedroom apartment in Better Waverly while building equity in your own apartment building. (Call us for details) 702 Homestead Street features four two-bedroom apartments. Kitchens include laminate countertops, wood cabinets, 30" gas ranges, dishwashers, and stainless steel sinks, with some garbage disposals. Bathrooms are equipped with modern vanities, steel tubs, and ceramic tile tub surrounds. Flooring includes carpet in the living areas and ceramic tile in the kitchens and bathrooms. Each apartment includes washer and dryer hookups, allowing tenants to install their own in-unit laundry. The building features a 2020 asphalt shingle roof and separately metered gas and electric service, making ownership and expense allocation straightforward. Each apartment is served by its own gas-fired furnace with central air conditioning and individual electric water heater. Supply lines are C-PVC and drain lines are PVC. The owner currently pays water and sewer, creating an opportunity for a future owner to implement a utility reimbursement program and improve net operating income. Better Waverly is a neighborhood where approximately 51% of residents own their homes, contributing to well-maintained properties, attractive streetscapes, and long-term neighborhood stability. The property is located just 0.2 miles—or a 4-minute walk—from Giant, Ace Hardware, the YMCA, and the Enoch Pratt Library. The year-round 32nd Street Farmers Market is just a few blocks away, while Johns Hopkins University's Homewood Campus is less than one mile away. Numerous nearby renovation projects continue to demonstrate private investment and confidence in the neighborhood's future.
Baltimore is located in Maryland. Baltimore, Maryland has a population of 592,211. Baltimore is less family-centric than the surrounding county with 18.62% of the households containing married families with children. The county average for households married with children is 18.62%.
The median household income in Baltimore, Maryland is $54,124. The median household income for the surrounding county is $54,124 compared to the national median of $69,021. The median age of people living in Baltimore is 35.7 years.
The average high temperature in July is 88.1 degrees, with an average low temperature in January of 27.4 degrees. The average rainfall is approximately 42.3 inches per year, with 18.5 inches of snow per year.
