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1242 W Lombard Street

Baltimore, MD 21223

– beds
– baths
3,640 sqft
1,500 sqft lot
$164 per sqft
1920 build

Up to $20,000 grant available to purchase this excellent income property. Great buy with excellent return for your money. Building renovated in 2010. This property would be excellent for 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, and new owner will need to have their own Corporation/LLC. New owner will need to apply for new licenses in the name of their new business. Rented to owner for $3000 per month. Second floor with 2BD/1BA unit rented for $1080 per month. Second floor also has office/efficiency with full bathroom rented for $500 per month. Third floor with 2BD/2BA unit rented for $1030 per month. All units individually metered. Tenants pay for their own utilities except water. Both apartment 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.

Listing courtesy of BRIGHT / Carr Realtors

Last checked: Checking… • Last updated Jan 20, 2025 •

MLS# MDBA2153410 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1920
Year Built Source:

Assessor
Year Major Reno/Remodel:

2010
New Construction:

No
Construction Materials:

Brick
Building Levels:

3
Building Units Total:

1
Structure Type:

Detached
Architectural Style:

Colonial
Accessibility Features:

Other
Foundation Details:

Stone
Basement:

Yes
Basement Type:

Other
Total SqFt Source:

Assessor
Total Below Grade SqFt:

800
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

3640

Interior

Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

4440
Living Area SqFt:

3,640 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Conventional, Other
Possession:

Settlement

Location

Directions:

MLK to West on Lombard to 1242 on corner of Lombard and S. Carey
Latitude:

39.28675000
Longitude:

-76.63788000

The Property

Property Subtype:

Other
Property Type:

Multi-Family
Property Condition:

Very Good
Lot Size Units:

Square Feet
Lot Size Acres:

0.03
Lot Size Source:

Estimated
Lot SqFt:

1,500 Sqft
Zoning:

R-8
In City Limits:

Yes
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

R
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

0318070233 026
Tax Year:

2024
Tax Lot:

026
Tax Annual Amount:

$3,343
Tax Assessed Value:

$141,667
Year Assessed:

2024
County Tax:

159.00
City/Town Tax:

3185.00
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

Heat Pump(s)
Central Air:

No
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Forced Air, Heat Pump(s)
Heating Fuel:

Electric, Natural Gas

Utilities

Sewer/Septic:

Public Sewer
Electric Service:

120/240V, Single Phase
Hot Water:

Electric
Water Source:

Public

Schools

School District Name:

Baltimore City Public Schools
School District Source:

Listing Agent

The Community

Subdivision Name:

Union Square
Exterior Features:

Fire Escape, Sidewalks, Street Lights
Pool:

No Pool

Parking

Garage:

No
Type of Parking:

On Street

Extra Units

Vacation Rental:

No
Two Bedroom Units:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Max Internet Speed

Xfinity

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
1/20/25 Jan 20, 2025	Listed / Active	BRIGHT	$599,900

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This multifamily located in Southern Baltimore, Baltimore, MD 21223 is currently for sale for $599,900. 1242 W Lombard Street is a 3,640 square foot multifamily with – beds and – baths. 1242 W Lombard Street is in the Southern Baltimore neighborhood of Baltimore and has a WalkScore® of 91, making it a walker’s paradise. This multifamily is in the attendance area of Frederick Douglass High School, Stadium School, Booker T. Washington Middle School, Paul Laurence Dunbar High School, Augusta Fells Savage Institute Of Visual Arts, Vivien T. Thomas Medical Arts Academy, Benjamin Franklin High School At Masonville Cove, Digital Harbor High School, Forest Park High School, and Patterson High School.

Listing Courtesy of: BRIGHT and Carr Realtors.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.