871 Hollins Street
Baltimore, MD 21201
- – beds
- – baths
- 3,330 sqft
- 1,200 sqft lot
- $112 per sqft
- 1900 build
The 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.
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Last updated Mar 4, 2025
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MLS# MDBA2123424 —
The Building
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Year Built:1900
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Brick
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Building Units Total:3
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Structure Type:Interior Row/Townhouse
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Architectural Style:Converted Dwelling
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Accessibility Features:None
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Foundation Details:Stone
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Total SqFt Source:Assessor
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Total Below Grade SqFt:1110
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:3330
Interior
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:4440
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Living Area SqFt:3,330 Sqft
Financial & Terms
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Sale Type:Standard
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Possession:Settlement, Subject to Existing Lease
Location
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Directions:GPS
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Latitude:39.28766000
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Longitude:-76.63145000
The Property
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Property Subtype:Triplex
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Property Type:Multi-Family
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Lot Size Units:Square Feet
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Lot Size Acres:0.03
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Lot Size Source:Estimated
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Lot SqFt:1,200 Sqft
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Inclusions:3 stoves, 3 refrigerators.
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Exclusions:Tenant's possessions excluded.
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Zoning Description:Licensed for 3 Dwelling Units.
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Zoning:R-8
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In City Limits:Yes
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:R
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (410) 916-3331
- Office phone:
- (410) 235-9500
Taxes
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Tax ID Number:0318080237 037
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Tax Year:2024
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Tax Lot:037
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Tax Annual Amount:$5,392
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Tax Assessed Value:$228,467
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Year Assessed:2024
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County Tax:256.00
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City/Town Tax:5136.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Central A/C, Window Unit(s)
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Central Air:Yes
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Baseboard - Electric, Forced Air
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Heating Fuel:Natural Gas, Electric
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Schools
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School District Name:Baltimore City Public Schools
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School District Source:Listing Agent
The Community
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Pool:No Pool
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Municipal Trash:Yes
Parking
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Garage:No
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Type of Parking:None
Extra Units
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Vacation Rental:No
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Single Room Units:1
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One Bedroom Units:1
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Three Bedroom Units:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
1/28/25
Jan 28, 2025
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Price Changed | BRIGHT | $374,900 | -5.1% |
12/6/24
Dec 6, 2024
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Listed / Active | BRIGHT | $395,000 | |
12/5/24
Dec 5, 2024
|
Sold Subject To Contingencies | BRIGHT | $395,000 |