871 HOLLINS ST Baltimore, MD 21201
UPDATED:
Key Details
Sold Price $375,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,330 sqft
Price per Sqft $112
MLS Listing ID MDBA2123424
Sold Date 04/11/25
Style Converted Dwelling
Abv Grd Liv Area 3,330
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $5,392
Tax Year 2024
Lot Size 1,200 Sqft
Acres 0.03
Property Sub-Type Interior Row/Townhouse
Property Description
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.
Location
State MD
County Baltimore City
Zoning R-8
Interior
Hot Water Natural Gas
Heating Baseboard - Electric, Forced Air
Cooling Central A/C, Window Unit(s)
Fireplace N
Heat Source Natural Gas, Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Converted Dwelling
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0318080237 037
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Bought with Howard Brown • Signature Realty Group,LLC