1433 W Lombard St, Baltimore, MD 21223

Description

With Unit 3 now vacant, 1433 W Lombard Street offers a flexible path for an owner-occupant. The property is just steps from Union Square Park and close to the University of Maryland Medical Center, Biotech Park, and graduate schools, making it a practical choice for those seeking both affordability and convenience in a central location. ● Gut Renovated in 2013: Modernized systems reduce maintenance costs and simplify management for investors.
● Opportunity to Increase Cash Flow by 20%– Organically increase income by implementing market rents.
● Lead-Free Limited: Minimizes owner liability and paperwork requirements during turnovers.
Apartment Interiors:
1433 West Lombard includes four apartments: one two-bedroom unit and three one-bedroom units. Kitchens have 30″ electric ranges, built-in microwaves, laminate counters, and wood cabinetry. Bathrooms consist of three with steel tubs and ceramic tile surrounds, and one with a ceramic shower stall; all bathrooms have modern vanities. Flooring in kitchens and baths is ceramic tile; living spaces have a mix of laminate and carpet. Apartment 1A has in-unit laundry and a small rear deck; the other units use coin-operated laundry in the common area.

Utilities:
This all-electric building was renovated in 2013 and is separately metered, with five electric meters in place. Each apartment has an electric heat pump with central air and an electric 40-gallon water heater. The building features a copper water main, CPVC interior supply lines, and PVC drain lines.

What’s Great About Historic Union Square?
Union Square is located in Baltimore’s Central Southwest neighborhood, less than a mile from Camden Yards. The property is one building away from the corner, directly across from Union Square Park—a rare and established public green space in the city. The location offers excellent walk and transit scores and is less than half a mile from Mount Clare Junction’s full-service grocery store. It’s also in close proximity to Shock Trauma, the University of Maryland Medical Center, the UMB Biotech Park, and graduate schools for medicine, nursing, law, pharmacy, and social work—supporting strong demand from students and professionals alike. I-95 and I-295 are both less than 1.5 miles away, and BWI Airport is approximately a 20-minute drive.