Seller's Agent in 2025
Will Cannon
Ben Frederick Realty, Inc.
(410) 916-3331
3 in this area
81 Total Sales
871 Hollins St Baltimore, MD 21201
Hollins Market Neighborhood
--
Bed
--
Bath
3,330
Sq Ft
1,200
Sq Ft Lot
Highlights
- Forced Air Heating and Cooling System
- Electric Baseboard Heater
- 1-minute walk to Little Lithuania Park
About This Home
As of April 2025The Hollins Market neighborhood is booming, thanks to two major developments driving growth and increasing rental demand. The University of Maryland BioPark's 4MLK expansion adds 250,000 sq. ft. of new lab and office space, attracting biotech companies and over 1,000 highly educated professionals looking for nearby housing. At the same time, the $2.1 million renovation of Hollins Market has revitalized Baltimore’s oldest public market, turning it into a bustling food and retail hub. A recent viral review from TikTok critic Keith Lee skyrocketed business for local vendors, bringing national attention to the neighborhood. With increasing foot traffic, economic investment, and redevelopment projects, Hollins Market is positioned for long-term appreciation—making this 3-unit property a prime investment opportunity.
This fully leased triplex includes a three-bedroom, two-bathroom apartment, a one-bedroom, one-bathroom apartment, and a studio unit. The first-floor unit spans two stories, featuring a spiral staircase, dual access points, and an in-unit washer and dryer, making it highly desirable for professionals seeking housing near the University of Maryland. Kitchens in all units are equipped with 30” stoves, laminate countertops, and wood cabinets, while bathrooms feature modern vanities and either steel or fiberglass tubs with vinyl or fiberglass surrounds.
The building’s updated infrastructure provides ease of ownership and strong operational efficiency. The first-floor unit has a gas-fired furnace with central air, while the upper units use electric baseboard heat (tenants supply their own A/C units). A 2021 Rheem 30-gallon gas-fired water heater supplies the building. All observable plumbing is copper (supply lines) and PVC (drain lines). The landlord currently covers heating, water, and sewer expenses, but implementing a utility bill-back system could significantly improve cash flow.
At $374,500 ($124,967 per unit, $113 per sq. ft.), this property offers a solid 8.72% cap rate and a 9.4% projected cash-on-cash return. With its prime location, strong rental demand, and proximity to major redevelopment projects, this Hollins Market triplex is an exceptional value-add investment with long-term upside.
Last Agent to Sell the Property
(410) 916-3331 wcannon3@gmail.com Ben Frederick Realty, Inc. Listed on: 04/29/2024
Co-Listed By
(410) 688-1348 cheryl@benfrederick.com Ben Frederick Realty, Inc. License #666796
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,392
Year Built
- Built in 1900
Lot Details
- 1,200 Sq Ft Lot
Home Design
- Triplex
- Converted Dwelling
- Brick Exterior Construction
- Stone Foundation
Utilities
- Forced Air Heating and Cooling System
- Window Unit Cooling System
- Electric Baseboard Heater
- Natural Gas Water Heater
- Municipal Trash
Community Details
- 3 Units
Listing and Financial Details
- Tax Lot 037
- Assessor Parcel Number 0318080237 037
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 29, 2024
Closed on
Apr 11, 2025
Sold by
869 Hollins Llc
Bought by
Womble Marcus
Seller's Agent
Will Cannon
Ben Frederick Realty, Inc.
Buyer's Agent
Howard Brown
Signature Realty Group, LLC
List Price
$395,000
Sold Price
$375,000
Premium/Discount to List
-$20,000
-5.06%
Views
106
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,659
Avg. Annual Appreciation
7.39%
Original Mortgage
$356,250
Outstanding Balance
$354,675
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$36,984
Purchase Details
Listed on
Aug 31, 2020
Closed on
Jul 8, 2020
Sold by
Chase Edmund R and Chase Barbara P
Bought by
869 Hollims Llc
Seller's Agent
Ben Frederick
Live BFR, LLC
Buyer's Agent
Brian DiNardo
Cummings & Co. Realtors
List Price
$250,000
Sold Price
$210,000
Premium/Discount to List
-$40,000
-16%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.40%
Original Mortgage
$405,000
Interest Rate
3.2%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 27, 1991
Sold by
Vantassel Harold G
Bought by
Chase Edmund R and Chase Barbara R
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $375,000 | Results Title | |
| Deed | $375,000 | Results Title | |
| Deed | $540,000 | Broadview Title | |
| Deed | $77,200 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $356,250 | New Conventional | |
| Closed | $356,250 | New Conventional | |
| Previous Owner | $405,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/11/2025 04/11/25 | Sold | $375,000 | 0.0% | $113 / Sq Ft | |
| 03/16/2025 03/16/25 | Pending | -- | -- | -- | |
| 03/05/2025 03/05/25 | Off Market | $374,900 | -- | -- | |
| 01/28/2025 01/28/25 | Price Changed | $374,900 | -5.1% | $113 / Sq Ft | |
| 12/05/2024 12/05/24 | For Sale | $395,000 | 0.0% | $119 / Sq Ft | |
| 09/23/2024 09/23/24 | Pending | -- | -- | -- | |
| 07/16/2024 07/16/24 | For Sale | $395,000 | 0.0% | $119 / Sq Ft | |
| 06/14/2024 06/14/24 | Off Market | $395,000 | -- | -- | |
| 04/29/2024 04/29/24 | For Sale | $395,000 | +88.1% | $119 / Sq Ft | |
| 08/31/2020 08/31/20 | Sold | $210,000 | -16.0% | $63 / Sq Ft | View Prior Sale |
| 08/31/2020 08/31/20 | Pending | -- | -- | -- | |
| 08/31/2020 08/31/20 | For Sale | $250,000 | -- | $75 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $5,366 | $242,933 | -- | -- |
| 2024 | $5,366 | $228,467 | $0 | $0 |
| 2023 | $5,050 | $214,000 | $60,000 | $154,000 |
| 2022 | $4,958 | $210,100 | $0 | $0 |
| 2021 | $4,866 | $206,200 | $0 | $0 |
| 2020 | $4,774 | $202,300 | $60,000 | $142,300 |
| 2019 | $4,693 | $199,800 | $0 | $0 |
| 2018 | $4,656 | $197,300 | $0 | $0 |
| 2017 | $4,597 | $194,800 | $0 | $0 |
| 2016 | $4,890 | $192,300 | $0 | $0 |
| 2015 | $4,890 | $189,800 | $0 | $0 |
| 2014 | $4,890 | $187,300 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Will Cannon
-
Cheryl Sadera
Seller Co-Listing Agent in 2025
Cheryl Sadera
Ben Frederick Realty, Inc.
(410) 688-1348
3 in this area
79 Total Sales
-
Howard Brown
Buyer's Agent in 2025
Howard Brown
Signature Realty Group, LLC
(253) 777-8862
1 in this area
57 Total Sales
-
Ben Frederick
Seller's Agent in 2020
Ben Frederick
Live BFR, LLC
(410) 752-6400
16 Total Sales
-
Brian DiNardo
Buyer's Agent in 2020
Brian DiNardo
Cummings & Co Realtors
(410) 916-3693
119 Total Sales
Map
Source: Bright MLS
MLS Number: MDBA2123424
APN: 0237-037
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