873 W Lombard St, Baltimore, MD 21201

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...