$549,900

1242 W Lombard St Baltimore, MD 21223

Hollins Market Neighborhood

Estimated payment $3,351/month

Total Views 38,721
-- Bed
-- Bath
3,640 Sq Ft
$151 Price per Sq Ft

Highlights

  • Colonial Architecture
  • Property is in very good condition
  • 3-minute walk to Union Square Park
  • Forced Air Heating System

About This Home

This building is a great buy with excellent return for your investment. Building was renovated in 2010. This property would be excellent for an owner occupant. You can get an SBA loan with 10% down as owner occupant. First floor restaurant and carry out, seating for 32 people, full commercial kitchen, two half bathrooms, and basement for storage. Everything in the restaurant conveys AS-IS. Restaurant could be rented for $3000 per month. Second floor with 2BD/1BA unit rented for $1250 per month. Second floor also has office/efficiency with full bathroom rented for $600 per month. Third floor with 2BD/2BA unit rented for $1160 per month. All units individually metered for electric. Tenants pay for their own utilities except water. Both apartments have hard wood floors, range/oven, built in microwave, dishwasher, refrigerator with ice maker. Corner building with great exposure, and plenty of parking. Bus stop in front of building. Owners are Agents in state of Maryland. Building sold As-Is. Showings on Sundays only.

Listing Agent

Pilar Ciaramello

Carr Realtors Listed on: 01/20/2025

Listing Agent

Tracey McFarlane

RE/MAX Realty Specialists License #0225058060 Listed on: 01/20/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,343

Year Built

  • Built in 1920 | Remodeled in 2010

Lot Details

  • 1,500 Sq Ft Lot
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Stone Foundation

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Single-Phase Power
  • 120/240V
  • Electric Water Heater

Additional Features

  • Basement

Community Details

  • 3-Story Building
  • Union Square Subdivision

Listing and Financial Details

  • Tax Lot 026
  • Assessor Parcel Number 0318070233 026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,343

Year Built

Built in 1920 | Remodeled in 2010

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Year Renovated: 2010
  • Remarks Public: This building is a great buy with excellent return for your investment. Building was renovated in 2010. This property would be excellent for an owner occupant. You can get an SBA loan with 10% down as owner occupant. First floor restaurant and carry out, seating for 32 people, full commercial kitchen, two half bathrooms, and basement for storage. Everything in the restaurant conveys AS-IS. Restaurant could be rented for $3000 per month. Second floor with 2BD/1BA unit rented for $1250 per month. Second floor also has office/efficiency with full bathroom rented for $600 per month. Third floor with 2BD/2BA unit rented for $1160 per month. All units individually metered for electric. Tenants pay for their own utilities except water. Both apartments have hard wood floors, range/oven, built in microwave, dishwasher, refrigerator with ice maker. Corner building with great exposure, and plenty of parking. Bus stop in front of building. Owners are Agents in state of Maryland. Building sold As-Is. Showings on Sundays only.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Total Sq Ft: 4440
  • Living Area Sq Ft: 3640
  • Price Per Sq Ft: 151.07
  • Above Grade Finished Sq Ft: 3640
  • Below Grade Sq Ft: 800
  • Total Below Grade Sq Ft: 800
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1242

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Fire Escape, Sidewalks, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Electric Service: 120/240V, Single Phase
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: BALTIMORE CITY PUBLIC SCHOOLS
  • School District Key: 121137830454
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: R
  • Lot Size Acres: 0.03
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1500.00
  • Property Condition: Very Good
  • Year Assessed: 2024
  • Zoning: R-8
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3343.00
  • Assessor Parcel Number: 0318070233 026
  • Tax Lot: 026
  • Tax Total Finished Sq Ft: 3640
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: BALTIMORE CITY PUBLIC SCHOOLS

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,327 $141,667 $0 $0
2023 $3,068 $130,000 $30,000 $100,000
2022 $3,029 $128,333 $0 $0
2021 $2,989 $126,667 $0 $0
2020 $2,950 $125,000 $30,000 $95,000
2019 $140 $125,000 $30,000 $95,000
2018 $140 $125,000 $30,000 $95,000
2017 $373 $220,000 $0 $0
2016 $416 $220,000 $0 $0
2015 $416 $220,000 $0 $0
2014 $416 $220,000 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 Price Changed $549,900 -8.3% $151 / Sq Ft
01/20/2025 01/20/25 For Sale $599,900 -- $165 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed $137,500 --
Deed $103,848 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $290,000 Balloon
Source: Public Records

Source: Bright MLS

MLS Number: MDBA2153410

Bright MLS

APN: 0233-026

Maryland Baltimore City County Baltimore 21223 Hollins Market

1242 W Lombard St, Baltimore, MD

This home is located at 1242 W Lombard St, Baltimore, MD 21223 and is currently priced at $549,900, approximately $151 per square foot. This property was built in 1920. 1242 W Lombard St is a home located in Baltimore City with nearby schools including Steuart Hill Academic Academy, Booker T. Washington Middle School, and Paul Laurence Dunbar Community High School.

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Pilar Ciaramello
Listing Agent
Pilar Ciaramello
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Carr Realtors
(301) 313-5847