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 $325,000, the property is projected at a 9.76% cap rate and 13.6% 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 $3,179, the buyer’s estimated PITI costs are covered with the rents from the other apartments — 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 $89/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.