Positioned in a burgeoning area of Baltimore and with the combination of renovated apartments and its proximity to business centers and downtown suggests a strong potential for rental income growth. Comprising 5 renovated apartments spread across two lots, this property stands out for its promising Pro Forma 21% Cash-on-Cash (COC) return, showcasing its robust financial performance. Prime investment opportunity in Baltimore's growing district. Five renovated apartments across two lots. Potential for 21% Cash-on-Cash return. Includes spacious grass area enhancing property appeal. Great entry price of 75K a door Featuring Stainless steel appliances, Vinyl wood flooring and tan cabinets
Property Details
Property Features
Property Information:
Architectural Style: Other
Year Built: 1900
Listing Office:
Office Name: Midfield Realty
Office Phone: (410) 498-5408
Listing Agent: Menachem M. Dalfin
Exterior Features
Parking Information:
Parking: Other
Utilities
Utilities Information:
Heating: Other
Cooling: Other
School Info
Assigned Schools Information:
Vivien T. Thomas Medical Arts Academy, Public District Grades 9-12
Augusta Fells Savage Institute of Visual Arts, Public District Grades 9-12
Carver Vocational-Technical High School, Public District Grades 9-12
The Crossroads School, Public Charter Grades 6-8
Stadium School, Public District Grades 6-8
Afya Public Charter School, Public Charter Grades 6-8
Frederick Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: Please use GPS
Municipality:
Baltimore City
Price Information
Listing Price Info
Price Summary:
List Price: $375,000
Tax Information:
Annual Amount: $363
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Baltimore, MD.
This property is $155K more than the Median Sold Price in Baltimore, MD.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #MDBA2118696
Listing Office:
Office Name: Midfield Realty
Office Phone: (410) 498-5408
Listing Agent: Menachem M. Dalfin
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. 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. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
2
/10
Frederick Elementary School
2501 Frederick Ave
Distance between this listing and this school0.24 miles
Public District Grades PK-5
Middle School
3
/10
The Crossroads School
802 S Caroline St
Distance between this listing and this school3.28 miles
Public Charter Grades 6-8
2
/10
Stadium School
1300 Gorsuch Ave
Distance between this listing and this school4.14 miles
Public District Grades 6-8
4
/10
Afya Public Charter School
2800 Brendan Ave
Distance between this listing and this school5.29 miles
Public Charter Grades 6-8
High School
2
/10
Vivien T. Thomas Medical Arts Academy
100 N Calhoun St
Distance between this listing and this school1.01 miles
Public District Grades 9-12
1
/10
Augusta Fells Savage Institute of Visual Arts
1500 Harlem Ave
Distance between this listing and this school1.19 miles
Public District Grades 9-12
2
/10
Carver Vocational-Technical High School
2201 Presstman St
Distance between this listing and this school1.32 miles
Public District Grades 9-12
Assigned Schools
2
/10
Frederick Elementary School
2501 Frederick Ave
Distance between this listing and this school0.24 miles
Public District Grades PK-5
Nearby Schools
4
/10
Mary Ann Winterling Elementary School at Bentalou
220 N Bentalou St
Distance between this listing and this school0.47 miles
Public District Grades PK-5
2
/10
Lockerman Bundy Elementary School
301 N Pulaski St
Distance between this listing and this school0.64 miles
Public District Grades PK-5
Assigned Schools
3
/10
The Crossroads School
802 S Caroline St
Distance between this listing and this school3.28 miles
Public Charter Grades 6-8
2
/10
Stadium School
1300 Gorsuch Ave
Distance between this listing and this school4.14 miles
Public District Grades 6-8
4
/10
Afya Public Charter School
2800 Brendan Ave
Distance between this listing and this school5.29 miles
Public Charter Grades 6-8
Assigned Schools
2
/10
Vivien T. Thomas Medical Arts Academy
100 N Calhoun St
Distance between this listing and this school1.01 miles
Public District Grades 9-12
1
/10
Augusta Fells Savage Institute of Visual Arts
1500 Harlem Ave
Distance between this listing and this school1.19 miles
Public District Grades 9-12
2
/10
Carver Vocational-Technical High School
2201 Presstman St
Distance between this listing and this school1.32 miles
The neighbors living near this home have an average income of $36,929. The majority of Baltimore, MD residents have income less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2550 W Lombard St
What is the listing price of this property?
The listing price of 2550 W Lombard St property is $375,000.
What type of property is this?
The property 2550 W Lombard St is a house located in Baltimore, Maryland, 21223.
Is this property for sale now?
Active Listing: 2550 W Lombard St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 2550 W Lombard St are: Frederick Elementary School: GreatSchools Rating 2/10The Crossroads School: GreatSchools Rating 3/10Stadium School: GreatSchools Rating 2/10Afya Public Charter School: GreatSchools Rating 4/10Vivien T. Thomas Medical Arts Academy: GreatSchools Rating 2/10Augusta Fells Savage Institute of Visual Arts: GreatSchools Rating 1/10Carver Vocational-Technical High School: GreatSchools Rating 2/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $363 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on August 25, 2005 for $139,900. (source: MLS/tax record).
What is the square footage of this property?
The sq. ft. of 2550 W Lombard St is not available (source: MLS/tax record).
Which year was this property built?
The year of construction for 2550 W Lombard St is 1900.
This home is located at 2550 W Lombard St in Baltimore, MD and zip code 21223 in the Southwest neighborhood. This home was built in 1900. It has been listed on Rocket Homes since March 21, 2024 and is currently priced at $375,000.
In March 2024, from all listings sold in Baltimore, MD there were more than 211 sold above asking price, over 181 sold below and more than 125 were sold right at the asked price. In March 2024 in Baltimore, MD there were 3.9% more homes for sale than in February 2024. In March 2024, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $219,999.
From Rocket Homes Real Estate and based on county public records data.