5347 Gist Ave · Baltimore, MD 21215

$205,000

4 bd · 2.0 ba · 1,620 sqft · Townhouse public records · 68 Days on market

Built 1948 1,080 sqft lot $127/sqft · at area comps Est $199k · at est.

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +22.6/30.0
• DSCR +7.3/10.0
• 1% rule +6.3/10.0
• ARV discount +6.2/15.0
• Livability +3.8/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 5347 Gist Ave, a charming home nestled in the heart of Northwest Baltimore. This inviting property offers the perfect blend of comfort, functionality, and value—ideal for both homeowners and investors. Step inside to discover a bright and spacious living area filled with natural light, creating a warm and welcoming atmosphere. The thoughtfully designed layout flows seamlessly into a dedicated dining space, perfect for everyday living and entertaining guests. The kitchen provides ample cabinet space and room to make it your own. Upstairs, you’ll find generously sized bedrooms with plenty of closet space, along with a full bathroom designed for convenience and comfort. The lower level offers additional living space—perfect for a family room, home office, or guest area—along with extra storage. Outside, enjoy a private backyard ideal for relaxing, gardening, or hosting gatherings. Conveniently located near major commuter routes, shopping, schools, and parks, this home provides easy access to everything Baltimore has to offer. Whether you’re looking to move right in or add your personal touch, 5347 Gist Ave is a fantastic opportunity you don’t want to miss

Key facts

• Bright living area
• Private backyard
• Ample cabinet space

Tags

• BRIGHT LIVING AREA
• DEDICATED DINING SPACE
• AMPLE CABINET SPACE
• PRIVATE BACKYARD
• ADDITIONAL LIVING SPACE

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath townhouse listed at $205k.

Deal economics

• At list price, monthly cash flow is $350 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $205k).
• Recommended offer: $193k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 6.0% in Baltimore — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 76/100 on livability (#90 in MD, #3,396 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: schools D, crime F.
• Baltimore City Public Schools (urban): math 7% / reading 16% proficiency, ranked #24 of 24 in MD (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 79% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.4%/yr); 351 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• At $2,308/mo this rent would consume 54% of the median local household income ($52k/yr) (locally 3644% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Baltimore County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 68 days — a 6% lower offer ($193k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 11y ago; this cycle's ask has dropped $15k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $165k; 24% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $192,700 (6.0% below list)

Questions for the listing agent

1. It's been on market 68 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.13% ✓
• Cap rate: 8.34%
• Cash-on-cash: 7.32%
• DSCR: 1.33
• GRM: 7.4

CMA / ARV

• ARV (median comp): $199,441
• List price: $205,000
• Delta: 2.79%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5312 Gist Ave	0.07mi	4/2.5	1,620 (0%)	4mo	$240,000	$148	91
5404 Crismer Ave	0.25mi	3/2.0 (-1)	1,667 (+3%)	1mo	$239,900	$144	78
3208 Ingleside Ave	0.55mi	3/1.5 (-1)	1,620 (0%)	2mo	$225,000	$139	65
5410 Narcissus Ave	0.11mi	4/2.5	1,860 (+15%)	3mo	$260,000	$140	65
3223 Spaulding Ave	0.52mi	4/2.0	1,500 (-7%)	0mo	$219,900	$147	63
4040 Hayward Ave	0.15mi	3/0.5 (-1)	1,783 (+10%)	4mo	$67,500	$38	62
5803 Jonquil Ave	0.42mi	4/2.0	1,816 (+12%)	6mo	$260,000	$143	55
3711 Spaulding Ave	0.38mi	3/2.0 (-1)	1,800 (+11%)	7mo	$188,000	$104	53
5118 Nelson Ave	0.37mi	3/2.0 (-1)	1,386 (-14%)	3mo	$219,000	$158	51
3820 Dolfield Ave	0.68mi	5/3.0 (+1)	1,576 (-3%)	7mo	$187,000	$119	49
3716 Beehler Ave	0.66mi	4/4.0	1,445 (-11%)	3mo	$265,000	$183	41
4912 Palmer Ave	0.74mi	3/2.0 (-1)	1,400 (-14%)	1mo	$60,000	$43	37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 2.41% rent growth · sell at horizon

5-year hold

• IRR: -5.8%
• Equity multiple: 0.79×
• Total profit: $-12,215
• Equity at exit: $30,566

10-year hold

• IRR: 3.2%
• Equity multiple: 1.22×
• Total profit: $12,832
• Equity at exit: $17,725

Cash invested: $57,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 12 Strongly Tenant-Friendly
• State Maryland: 27 Tenant-Leaning · D+14
• County: — inherits STATE
• City Baltimore: 12 Strongly Tenant-Friendly · D+58

Just-cause for tenancies > 1 yr.

Methodology + full state rankings →

ZIP-level market 21215

• Rents YoY: 2.4%
• Active inventory: 351
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $2,308 high
• Mortgage (P&I): −$1,075
• Tax from tax record: −$313 /mo · $3,758/yr
• Insurance: −$85
• HOA: −$0
• Vacancy / Maint / Mgmt: −$485
• Net cashflow: $350

Break-even live

Break-even rent $1,865

Max offer price $205,000

Occupancy floor 80%

Sensitivity live

Price	-10% $466	-5% $408	+0% $350	+5% $292	+10% $234
Rent	-10% $168	-5% $259	+0% $350	+5% $441	+10% $532
Rate	-1.0pp $453	-0.5pp $402	base $350	+0.5pp $297	+1.0pp $243

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $51,250
• Closing costs: $6,150
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3912 Mortimer Ave Baltimore, MD	3.0	2.0	1204	$2,723	$2.26	44d	1	0.32mi
5306 Ethelbert Ave Baltimore, MD	5.0	2.5	1510	$3,000	$1.99	5d	1	0.44mi
3784 Columbus Dr Baltimore, MD	4.0	2.0	1250	$2,200	$1.76	24d	1	0.74mi
5115 Pembridge Ave Baltimore, MD	3.0	2.0	1088	$2,150	$1.98	44d	1	0.86mi
4704 Pimlico Rd Baltimore, MD	3.0	1.5	2006	$1,800	$0.90	24d	1	0.94mi
3709 Fords Ln Baltimore, MD	4.0	3.5	2248	$3,200	$1.42	20d	1	0.95mi
3807 Bowers Ave Gwynn Oak, MD	3.0	1.5	1152	$2,200	$1.91	44d	1	1.18mi
3505 Clarks Ln Unit D2 Baltimore, MD	3.0	2.0	1750	$2,500	$1.43	44d	1	1.22mi
4230 Towanda Ave Baltimore, MD	3.0	2.0	1400	$1,800	$1.29	18d	1	1.26mi
5801 Western Run Dr Baltimore, MD	3.0	1.0–2.0	835	$1,979	$2.37	3d	7	1.27mi
2915 Oakford Ave Baltimore, MD	3.0	2.0	1102	$1,600	$1.45	18d	1	1.29mi
3607 Labyrinth Rd Baltimore, MD	1.0–3.0	1.0–2.0	925	$2,100	$2.27	20d	5	1.34mi
4037 Cedardale Rd Baltimore, MD	5.0	3.0	1500	$2,800	$1.87	15d	1	1.34mi
2619 Loyola Northway Baltimore, MD	3.0	2.0	1400	$1,995	$1.43	24d	1	1.40mi
6609 Eberle Dr Baltimore, MD	1.0–3.0	1.0–2.0	1011	$1,787	$1.77	2d	25	1.42mi
2454 W Cold Spring Ln Baltimore, MD	3.0	1.0	1200	$1,650	$1.38	24d	1	1.43mi

Listing history 37 events

1. 2026-06-18
   days on market $205,000 Active 68 DOM
2. 2026-06-17
   days on market $205,000 Active 67 DOM
3. 2026-06-16
   days on market $205,000 Active 66 DOM
4. 2026-06-15
   days on market $205,000 Active 65 DOM
5. 2026-06-13
   days on market $205,000 Active 63 DOM
6. 2026-06-10
   price $205,000 Active 59 DOM
7. 2026-06-09
   days on market $210,000 Active 59 DOM
8. 2026-06-08
   days on market $210,000 Active 58 DOM
9. 2026-06-07
   days on market $210,000 Active 57 DOM
10. 2026-06-04
    days on market $210,000 Active 54 DOM
11. 2026-06-03
    days on market $210,000 Active 53 DOM
12. 2026-06-02
    days on market $210,000 Active 52 DOM
13. 2026-06-01
    days on market $210,000 Active 51 DOM
14. 2026-05-31
    pricedays on market $210,000 Active 50 DOM
15. 2026-04-11
    listed $220,000 Active 1220-char remark

    Show marketing remark (1220 chars)

    Welcome to 5347 Gist Ave, a charming home nestled in the heart of Northwest Baltimore. This inviting property offers the perfect blend of comfort, functionality, and value—ideal for both homeowners and investors. Step inside to discover a bright and spacious living area filled with natural light, creating a warm and welcoming atmosphere. The thoughtfully designed layout flows seamlessly into a dedicated dining space, perfect for everyday living and entertaining guests. The kitchen provides ample cabinet space and room to make it your own. Upstairs, you’ll find generously sized bedrooms with plenty of closet space, along with a full bathroom designed for convenience and comfort. The lower level offers additional living space—perfect for a family room, home office, or guest area—along with extra storage. Outside, enjoy a private backyard ideal for relaxing, gardening, or hosting gatherings. Conveniently located near major commuter routes, shopping, schools, and parks, this home provides easy access to everything Baltimore has to offer. Whether you’re looking to move right in or add your personal touch, 5347 Gist Ave is a fantastic opportunity you don’t want to miss

16. 2024-07-25
    soldstatus $165,000
17. 2024-06-21
    soldstatus $165,000 Closed 448-char remark

    Show marketing remark (448 chars)

    HUGE PRICE DROP - INVESTOR ALERT - Welcome to 5347 Gist. A little TLC will bring this one back to life. GREAT ROI (exceeds the 1% rule). Reduced for a quick sale!!! This spacious updated 4 bed 2 bath offers so much to its new owner. Nestled on a quiet street, your future home boasts gleaming hardwoods, stainless appliances, custom granite and backsplash. Six panel doors, updated HVAC, plumbing, and electrical. Parking in rear. Come check it out

18. 2024-06-01
    historical Active Under Contract 448-char remark

    Show marketing remark (448 chars)

    HUGE PRICE DROP - INVESTOR ALERT - Welcome to 5347 Gist. A little TLC will bring this one back to life. GREAT ROI (exceeds the 1% rule). Reduced for a quick sale!!! This spacious updated 4 bed 2 bath offers so much to its new owner. Nestled on a quiet street, your future home boasts gleaming hardwoods, stainless appliances, custom granite and backsplash. Six panel doors, updated HVAC, plumbing, and electrical. Parking in rear. Come check it out

19. 2024-05-20
    price $165,000 448-char remark

    Show marketing remark (448 chars)

    HUGE PRICE DROP - INVESTOR ALERT - Welcome to 5347 Gist. A little TLC will bring this one back to life. GREAT ROI (exceeds the 1% rule). Reduced for a quick sale!!! This spacious updated 4 bed 2 bath offers so much to its new owner. Nestled on a quiet street, your future home boasts gleaming hardwoods, stainless appliances, custom granite and backsplash. Six panel doors, updated HVAC, plumbing, and electrical. Parking in rear. Come check it out

20. 2024-05-03
    status Active 448-char remark

    Show marketing remark (448 chars)

    HUGE PRICE DROP - INVESTOR ALERT - Welcome to 5347 Gist. A little TLC will bring this one back to life. GREAT ROI (exceeds the 1% rule). Reduced for a quick sale!!! This spacious updated 4 bed 2 bath offers so much to its new owner. Nestled on a quiet street, your future home boasts gleaming hardwoods, stainless appliances, custom granite and backsplash. Six panel doors, updated HVAC, plumbing, and electrical. Parking in rear. Come check it out

21. 2024-03-15
    historical Active Under Contract 448-char remark

    Show marketing remark (448 chars)

    HUGE PRICE DROP - INVESTOR ALERT - Welcome to 5347 Gist. A little TLC will bring this one back to life. GREAT ROI (exceeds the 1% rule). Reduced for a quick sale!!! This spacious updated 4 bed 2 bath offers so much to its new owner. Nestled on a quiet street, your future home boasts gleaming hardwoods, stainless appliances, custom granite and backsplash. Six panel doors, updated HVAC, plumbing, and electrical. Parking in rear. Come check it out

22. 2024-03-07
    listed $195,000 Active 448-char remark

    Show marketing remark (448 chars)

    HUGE PRICE DROP - INVESTOR ALERT - Welcome to 5347 Gist. A little TLC will bring this one back to life. GREAT ROI (exceeds the 1% rule). Reduced for a quick sale!!! This spacious updated 4 bed 2 bath offers so much to its new owner. Nestled on a quiet street, your future home boasts gleaming hardwoods, stainless appliances, custom granite and backsplash. Six panel doors, updated HVAC, plumbing, and electrical. Parking in rear. Come check it out

23. 2024-03-01
    historical $195,000 448-char remark

    Show marketing remark (448 chars)

    HUGE PRICE DROP - INVESTOR ALERT - Welcome to 5347 Gist. A little TLC will bring this one back to life. GREAT ROI (exceeds the 1% rule). Reduced for a quick sale!!! This spacious updated 4 bed 2 bath offers so much to its new owner. Nestled on a quiet street, your future home boasts gleaming hardwoods, stainless appliances, custom granite and backsplash. Six panel doors, updated HVAC, plumbing, and electrical. Parking in rear. Come check it out

24. 2016-11-29
    soldstatus $130,000
25. 2016-11-09
    soldstatus $130,000
26. 2016-11-09
    soldstatus $130,000 Sold
27. 2016-09-30
    status Contingent (No Kick Out)
28. 2016-09-13
    listed $129,900 Active
29. 2016-09-13
    listed $129,900
30. 2016-02-23
    soldstatus $52,500
31. 2015-06-24
    historical
32. 2015-06-23
    soldstatus $19,900 Sold
33. 2015-06-23
    soldstatus $19,900
34. 2015-04-02
    status Contract
35. 2015-03-10
    status Active
36. 2015-03-04
    listed $19,900
37. 2015-03-04
    historical

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MD · Partial reset (capped growth)

• Current annual tax: $3,758 · $313/mo
• Projected year-2 tax: $3,758 · $313/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 21% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,702
• − Mortgage interest: −$11,483
• − Property taxes: −$3,758
• − Insurance: −$1,025
• − Repairs & maintenance: −$2,216
• − Management: −$2,216
• − Depreciation: −$5,964
• Taxable income: $1,040
• Est. tax owed @ 24.0%: −$250
• After-tax cash flow: $3,951/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Baltimore City Public Schools
• NCES district ID: 2400090
• Math proficiency: 7% ▼ -9.00%
• Reading proficiency: 16% ▼ -5.00%
• Median HH income: $42,108
• Composite: 10.08/100
• National rank: #9805
• State rank: #24 of 24 in MD

Livability — Baltimore

• Score: 76/100
• State rank: #90
• US rank: #3396

Category grades

Amenities A+ Commute A+ Cost of living A- Crime F Employment C Housing A+ Health & safety A+ User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Baltimore, MD
• County: Baltimore City · 558,601 people
• City population: 588,727
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 52,229
• Household income: $51,587
• Rent vs Own: 45.2% rent · 54.8% own
• Severe rent burden: 3644.0

Population outlook (Baltimore County) Hauer SSP2

• Today (2025): 624,249 people
• By 2030: 621,541 · -0.4%
• By 2040: 609,756 · -2.3%
• By 2050: 597,249 · -4.3%
• By 2075: 552,236 · -11.5%
• By 2100: 513,934 · -17.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (73%)
• Race & ethnicity: Black 73% White 17% Hispanic / Latino 5% Two or more races 4% Asian 1%
• Common ancestry: Scotch-Irish 2% Romanian 2% Italian 1%
• Foreign-born: 9% · Canada, South Korea
• Languages at home: 91% English-only · Spanish 4% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Baltimore

• 2024 margin: Solid D (+73.0) · D 85.2% · R 12.2% · Other 2.6%
• 2008→2024 swing: -2.5pp toward R · 2008: 75.5pp · 2024: 73.0pp
• All cycles: 2024: D+73.0 2020: D+76.6 2016: D+74.6 2012: D+76.4 2008: D+75.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -318.58%
• Current HPI: 291.4926
• Rent YoY: ▲ 2.41%
• Metro: Baltimore-Columbia-Towson, MD
• State GDP YoY: ▲ 2.97%
• F500 in state: 12

Industry mix (Fortune 500 HQ in MD)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	1	$71B
▸Utilities	1	$25B
▸Hotels	1	$24B
▸Consumer Goods	1	$7B
▸Real Estate	1	$6B
▸Chemicals	1	$2B

Price history

+1005.5% since first listed

23 events — show timeline

• 2026-04-11 Listed $220,000 BRIGHT MLS
• 2024-07-25 Sold (Public Records) $165,000 Public Records
• 2024-06-21 Sold (MLS) $165,000 BRIGHT MLS
• 2024-06-01 Contingent — BRIGHT MLS
• 2024-05-20 Price Changed $165,000 BRIGHT MLS
• 2024-05-03 Relisted — BRIGHT MLS
• 2024-03-15 Contingent — BRIGHT MLS
• 2024-03-07 Listed $195,000 BRIGHT MLS
• 2024-03-01 Coming Soon $195,000 BRIGHT MLS
• 2016-11-29 Sold (Public Records) $130,000 Public Records
• 2016-11-09 Sold (MLS) $130,000 MRIS
• 2016-11-09 Sold (MLS) $130,000 BRIGHT MLS
• 2016-09-30 Pending — MRIS
• 2016-09-13 Listed $129,900 MRIS
• 2016-09-13 Listed $129,900 BRIGHT MLS
• 2016-02-23 Sold (Public Records) $52,500 Public Records
• 2015-06-24 Delisted — MRIS
• 2015-06-23 Sold (MLS) $19,900 BRIGHT MLS
• 2015-06-23 Sold (MLS) $19,900 MRIS
• 2015-04-02 Pending — MRIS
• 2015-03-10 Relisted — MRIS
• 2015-03-04 Delisted — MRIS
• 2015-03-04 Listed $19,900 MRIS

Property tax history

+5.6%/yr

Latest (2025): $3,758 · +6.7% YoY. Source: county tax records.