3702 E Lombard St · Baltimore, MD 21224

$149,999

4 bd · 1.0 ba · 1,120 sqft · Townhouse public records · 49 Days on market

Built 1920 1,037 sqft lot $134/sqft · 7% above area Est $140k · 7% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +4.4/15.0
• Livability +3.8/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

A new opportunity awaits in Highlandtown! This 3-level interior townhouse at 3702 E Lombard St features a versatile floor plan with 2 Bedrooms, 2 Bonus Rooms, and 2 Full Baths. The standout feature? Two Kitchens—one on the main level and one on the lower level—offering endless possibilities for living arrangements. Enjoy the comfort of a brand-new furnace (2025) and a classic Federal-style brick exterior. Delivered vacant at settlement and priced to sell. Schedule your tour today!

Key facts

• Built 1920
• Listed 49 days

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath townhouse listed at $150k.

Deal economics

• At list price, monthly cash flow is $783 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $145k (3.0% below list) — sets the bar for market timing.

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: 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.
• Zoned schools: Highlandtown Elementary/Middle #237 (math 2% / reading 6%, grade F, #814 of 860 statewide, top 95%, 726 students, 59% FRL); Baltimore Polytechnic Institute (math 71% / reading 84%, grade A-, #22 of 222 statewide, top 10%, 1,555 students, 43% FRL) — zoned schools average 51% FRL vs 79% district-wide (28 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 41% at this address vs 12% district-wide (+29 pts) — the actual schools serving this property are materially stronger than the Baltimore City Public Schools average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising (+1.3%/yr); 400 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 27d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 1.3% rent growth), your $42k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 27y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $55k; list at $150k implies a 173% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,499 (3.0% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.55% ✓
• Cap rate: 12.56%
• Cash-on-cash: 22.38%
• DSCR: 2.00
• GRM: 5.4

CMA / ARV

• ARV (median comp): $140,443
• List price: $149,999
• Delta: 6.80%
• 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
111 N Highland Ave	0.21mi	3/1.5 (-1)	1,170 (+4%)	1mo	$105,000	$90	74
12 Kresson St	0.37mi	3/1.0 (-1)	1,092 (-2%)	2mo	$80,000	$73	72
319 S Newkirk St	0.58mi	3/1.0 (-1)	1,105 (-1%)	2mo	$114,000	$103	64
20 N Decker Ave	0.42mi	3/1.0 (-1)	1,040 (-7%)	2mo	$149,000	$143	62
122 Ellwood Ave	0.41mi	3/1.5 (-1)	1,200 (+7%)	0mo	$235,000	$196	62
2703 Jefferson St	0.74mi	3/1.0 (-1)	1,170 (+4%)	2mo	$102,500	$88	52
1008 S Clinton St	0.74mi	3/1.0 (-1)	1,176 (+5%)	1mo	$200,000	$170	51
3135 Mcelderry St	0.53mi	3/2.0 (-1)	1,224 (+9%)	1mo	$234,000	$191	50
441 N East Ave	0.47mi	3/1.5 (-1)	976 (-13%)	2mo	$175,000	$179	48
604 S Ellwood Ave	0.56mi	3/2.0 (-1)	1,232 (+10%)	2mo	$285,000	$231	46
813 Fagley St	0.60mi	3/1.5 (-1)	1,260 (+12%)	2mo	$280,000	$222	43
530 N Curley St	0.65mi	3/1.0 (-1)	960 (-14%)	2mo	$85,000	$89	39

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 · 1.31% rent growth · sell at horizon

5-year hold

• IRR: 13.3%
• Equity multiple: 1.52×
• Total profit: $21,751
• Equity at exit: $22,365

10-year hold

• IRR: 20.8%
• Equity multiple: 2.62×
• Total profit: $67,971
• Equity at exit: $12,969

Cash invested: $42,000 (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 21224

• Rents YoY: 1.3%
• Active inventory: 400
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $2,321 high
• Mortgage (P&I): −$787
• Tax from tax record: −$201 /mo · $2,412/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$487
• Net cashflow: $783

Break-even live

Break-even rent $1,329

Max offer price $149,999

Occupancy floor 61%

Sensitivity live

Price	-10% $868	-5% $826	+0% $783	+5% $741	+10% $698
Rent	-10% $600	-5% $692	+0% $783	+5% $875	+10% $967
Rate	-1.0pp $859	-0.5pp $822	base $783	+0.5pp $745	+1.0pp $705

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3436 Leverton Ave Baltimore, MD	3.0	3.5	1500	$2,350	$1.57	26d	1	0.06mi
3430 E Baltimore St Baltimore, MD	3.0	2.5	1316	$2,250	$1.71	26d	1	0.09mi
115 S Eaton St Baltimore, MD	3.0	2.5	1393	$1,800	$1.29	18d	1	0.11mi
1 N Clinton St Baltimore, MD	4.0	1.5	1200	$1,700	$1.42	22d	1	0.21mi
29 N Ellwood Ave Baltimore, MD	3.0	1.5	1100	$2,395	$2.18	26d	1	0.34mi
3905 Bank St Baltimore, MD	4.0	1.0–3.0	909	$3,290	$3.62	0d	18	0.36mi
4015 Eastern Ave Unit 2L Baltimore, MD	3.0	2.0	1100	$1,800	$1.64	46d	1	0.43mi
404 N Robinson St Baltimore, MD	3.0	3.0	1320	$2,100	$1.59	18d	1	0.44mi
404 N Robinson St Baltimore, MD	3.0	3.0	1320	$2,200	$1.67	26d	1	0.44mi
3306 Fleet St Baltimore, MD	4.0	3.0	1308	$3,500	$2.68	46d	1	0.46mi
3304 McElderry St Baltimore, MD	3.0	2.0	1413	$1,900	$1.34	46d	1	0.49mi
611 Grundy St Baltimore, MD	3.0	2.0	1434	$2,700	$1.88	26d	1	0.50mi
10 N Streeper St Baltimore, MD	3.0	2.5	1440	$2,500	$1.74	26d	1	0.54mi
3245 Fait Ave Baltimore, MD	3.0	2.0	1470	$2,900	$1.97	46d	1	0.62mi
2800 Orleans St Baltimore, MD	3.0	1.0	1404	$1,600	$1.14	17d	1	0.62mi
2800 Orleans St Baltimore, MD	3.0	1.0	1404	$1,600	$1.14	20d	1	0.62mi
527 S Lehigh St Baltimore, MD	3.0	2.0	1320	$2,325	$1.76	46d	1	0.64mi
139 N Lakewood Ave Baltimore, MD	4.0	2.5	1370	$2,500	$1.82	46d	1	0.66mi
139 N Lakewood Ave Unit 1 Baltimore, MD	4.0	2.0	1370	$2,500	$1.82	46d	1	0.66mi
4505 Foster Ave Baltimore, MD	3.0	3.0	1376	$2,650	$1.93	26d	1	0.69mi
9 N Luzerne Ave Baltimore, MD	3.0	2.5	1380	$2,450	$1.78	7d	1	0.71mi
718 N Curley St Baltimore, MD	3.0	3.0	1500	$2,000	$1.33	7d	1	0.72mi
724 N Curley St Baltimore, MD	3.0	3.0	1500	$2,200	$1.47	7d	1	0.73mi
225 N Luzerne Ave Baltimore, MD	3.0	1.0	1198	$1,350	$1.13	21d	1	0.75mi
104 N Rose St Baltimore, MD	3.0	2.0	936	$2,500	$2.67	46d	1	0.78mi
2815 E Madison St Baltimore, MD	4.0	2.0	1300	$2,500	$1.92	46d	1	0.79mi
627 N Lakewood Ave Baltimore, MD	3.0	2.5	1175	$1,850	$1.57	0d	1	0.79mi
2608 McElderry St Baltimore, MD	3.0	1.0	1144	$1,525	$1.33	0d	1	0.83mi
425 N Milton Ave Baltimore, MD	3.0	1.0	1200	$1,525	$1.27	17d	1	0.85mi
3518 Elliott St Baltimore, MD	3.0	2.5	1036	$2,800	$2.70	20d	1	0.85mi
517 N Rose St Baltimore, MD	3.0	1.0	845	$1,400	$1.66	7d	1	0.85mi
2729 Ashland Ave Baltimore, MD	3.0	1.0	1000	$1,350	$1.35	5d	1	0.88mi
2410 E Fayette St Baltimore, MD	3.0	1.0	1224	$1,800	$1.47	46d	1	0.88mi
437 N Montford Ave Baltimore, MD	3.0	1.5	1100	$1,450	$1.32	46d	1	0.93mi
2317 E Fayette St Baltimore, MD	3.0	1.5	1315	$2,000	$1.52	15d	1	0.94mi
420 N Montford Ave Baltimore, MD	3.0	1.0	1350	$1,450	$1.07	46d	1	0.95mi
2242 E Fairmount Ave Baltimore, MD	3.0	2.0	1345	$2,850	$2.12	46d	1	0.97mi
2308 Jefferson St Baltimore, MD	3.0	1.0	907	$1,450	$1.60	46d	1	0.99mi
1215 N Ellwood Ave Baltimore, MD	3.0	1.0	1128	$1,795	$1.59	26d	1	1.00mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	46d	1	1.01mi

Listing history 33 events

1. 2026-06-13
   status $149,999 Pending 49 DOM
2. 2026-05-06
   historical Active Under Contract 497-char remark

   Show marketing remark (497 chars)

   A new opportunity awaits in Highlandtown! This 3-level interior townhouse at 3702 E Lombard St features a versatile floor plan with 2 Bedrooms, 2 Bonus Rooms, and 2 Full Baths. The standout feature? Two Kitchens—one on the main level and one on the lower level—offering endless possibilities for living arrangements. Enjoy the comfort of a brand-new furnace (2025) and a classic Federal-style brick exterior. Delivered vacant at settlement and priced to sell. Schedule your tour today!

3. 2026-03-19
   listed $149,999 Active 497-char remark

   Show marketing remark (497 chars)

   A new opportunity awaits in Highlandtown! This 3-level interior townhouse at 3702 E Lombard St features a versatile floor plan with 2 Bedrooms, 2 Bonus Rooms, and 2 Full Baths. The standout feature? Two Kitchens—one on the main level and one on the lower level—offering endless possibilities for living arrangements. Enjoy the comfort of a brand-new furnace (2025) and a classic Federal-style brick exterior. Delivered vacant at settlement and priced to sell. Schedule your tour today!

4. 2026-03-16
   historical $149,999 497-char remark

   Show marketing remark (497 chars)

   A new opportunity awaits in Highlandtown! This 3-level interior townhouse at 3702 E Lombard St features a versatile floor plan with 2 Bedrooms, 2 Bonus Rooms, and 2 Full Baths. The standout feature? Two Kitchens—one on the main level and one on the lower level—offering endless possibilities for living arrangements. Enjoy the comfort of a brand-new furnace (2025) and a classic Federal-style brick exterior. Delivered vacant at settlement and priced to sell. Schedule your tour today!

5. 2011-08-13
   historical Expired
6. 2011-08-13
   historical
7. 2011-02-17
   listed Active
8. 2011-02-17
   listed $99,000
9. 2010-11-19
   historical
10. 2010-11-19
    historical
11. 2010-08-13
    listed Active
12. 2010-08-13
    listed $99,900
13. 2009-07-15
    soldstatus $55,000
14. 2009-07-13
    price $60,900 Sold
15. 2009-07-13
    soldstatus $55,000 Sold
16. 2009-07-13
    soldstatus $55,000
17. 2009-05-26
    historical
18. 2009-05-19
    status
19. 2009-05-19
    historical
20. 2009-05-12
    historical
21. 2009-03-25
    price $69,900
22. 2008-10-17
    price $79,900
23. 2008-09-26
    price $89,900
24. 2008-07-11
    price $99,900
25. 2008-05-07
    listed $119,900
26. 2008-05-07
    listed $60,900
27. 2005-06-23
    soldstatus $75,000
28. 2002-04-26
    soldstatus $11,000
29. 2002-01-07
    listed $12,000
30. 2002-01-07
    historical
31. 2000-04-05
    historical
32. 2000-03-31
    soldstatus $58,000
33. 1999-06-20
    listed

ⓘ 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: $2,412 · $201/mo
• Projected year-2 tax: $2,412 · $201/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 8/10 Severe 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,851
• − Mortgage interest: −$8,402
• − Property taxes: −$2,412
• − Insurance: −$750
• − Repairs & maintenance: −$2,228
• − Management: −$2,228
• − Depreciation: −$4,364
• Taxable income: $7,467
• Est. tax owed @ 24.0%: −$1,792
• After-tax cash flow: $7,609/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): 47,465
• Household income: $89,017
• Rent vs Own: 41.5% rent · 58.5% own
• Severe rent burden: 1786.0

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: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 55% Hispanic / Latino 21% Black 16% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2% Dominican 1%
• Common ancestry: Romanian 5% Lithuanian 2% Italian 1%
• Foreign-born: 17% · Canada, China, Vietnam
• Languages at home: 76% English-only · Spanish 18% Other Indo-European 2% Russian/Polish/Slavic 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: ▼ -332.23%
• Current HPI: 241.284
• Rent YoY: ▲ 1.31%
• 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

+158.6% since first listed

32 events — show timeline

• 2026-05-06 Contingent — BRIGHT MLS
• 2026-03-19 Listed $149,999 BRIGHT MLS
• 2026-03-16 Coming Soon $149,999 BRIGHT MLS
• 2011-08-13 Delisted — MRIS
• 2011-08-13 Listing Removed — BRIGHT MLS
• 2011-02-17 Listed — MRIS
• 2011-02-17 Listed $99,000 BRIGHT MLS
• 2010-11-19 Delisted — MRIS
• 2010-11-19 Listing Removed — BRIGHT MLS
• 2010-08-13 Listed — MRIS
• 2010-08-13 Listed $99,900 BRIGHT MLS
• 2009-07-15 Sold (Public Records) $55,000 Public Records
• 2009-07-13 Sold (MLS) $55,000 BRIGHT MLS
• 2009-07-13 Sold (MLS) $55,000 MRIS
• 2009-07-13 Price Changed $60,900 MRIS
• 2009-05-26 Delisted — MRIS
• 2009-05-19 Relisted — MRIS
• 2009-05-19 Listing Removed — BRIGHT MLS
• 2009-05-12 Delisted — MRIS
• 2009-03-25 Price Changed $69,900 MRIS
• 2008-10-17 Price Changed $79,900 MRIS
• 2008-09-26 Price Changed $89,900 MRIS
• 2008-07-11 Price Changed $99,900 MRIS
• 2008-05-07 Listed $119,900 MRIS
• 2008-05-07 Listed $60,900 BRIGHT MLS
• 2005-06-23 Sold (Public Records) $75,000 Public Records
• 2002-04-26 Sold (MLS) $11,000 MRIS
• 2002-01-07 Listed $12,000 MRIS
• 2002-01-07 Delisted — MRIS
• 2000-04-05 Delisted — MRIS
• 2000-03-31 Sold (Public Records) $58,000 Public Records
• 1999-06-20 Listed — MRIS

Property tax history

+0.6%/yr

Latest (2025): $2,412 · +6.4% YoY. Source: county tax records.