2027 Jefferson St · Baltimore, MD 21205

$169,900

4 bd · 1.0 ba · 1,500 sqft · Townhouse public records · 47 Days on market

Built 1900 1,275 sqft lot $113/sqft · 16% below area Est $201k · 16% under

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Why this score? — see what drove the B+ 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
• ARV discount +14.5/15.0
• DSCR +10.0/10.0
• 1% rule +8.4/10.0
• Rent growth +5.0/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Classic Baltimore rowhome with great potential just minutes from Johns Hopkins Hospital and downtown. Ideal for investors or buyers looking to renovate and build equity, with strong rental and resale upside. Sold as-is in a convenient, growing location. This property is part of a larger portfolio. Please contact for more details regarding associated listings. Closings will need to be coordinated with the other properties in the portfolio but may sell to individual buyers. Seller will only accept offers from serious buyers who can align with that timeline.

Key facts

• Built 1900
• Listed 47 days

Property features AI

Finance

• Other: Fee simple ownership; Approximately 1,500 finished above-grade square feet (assessor); Approximately 750 below-grade unfinished square feet (assessor)

Exterior

• Parking: On-street parking (public)
• Utilities: Public water; Public sewer; Natural gas hot water; Natural gas heating fuel
• Home design: End of Row/Townhouse; Located within city limits (Baltimore City)
• Construction: Combination construction with brick and brick front; Block foundation; Assessor-reported year built
• Exterior features: End-of-row townhouse; Above-grade and below-grade structures

Interior

• Kitchen: Refrigerator; Stove
• Bedrooms: Four bedrooms on the main level
• Bathrooms: Two full bathrooms on the main level; Two full bathrooms total
• Heating & cooling: Forced air heating; Electric cooling
• Interior features: Attic; Open concept kitchen/living area; Window treatments

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath townhouse listed at $170k.

Deal economics

• At list price, monthly cash flow is $668 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).
• Recommended offer: $165k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.0% 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 fast (+9.9%/yr); 143 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• At $2,277/mo this rent would consume 63% of the median local household income ($43k/yr) (locally 966% 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 $5k 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 + 8.0% rent growth), your $48k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($165k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 22y ago; this cycle's ask has dropped $20k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $6k; list at $170k implies a 2514% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — 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 $164,803 (3.0% below list)

Questions for the listing agent

1. It's been on market 47 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 1900 — 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: 1.34% ✓
• Cap rate: 11.01%
• Cash-on-cash: 16.86%
• DSCR: 1.75
• GRM: 6.2

CMA / ARV

• ARV (median comp): $201,315
• List price: $169,900
• Delta: -15.60%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
220 N Luzerne Ave	0.40mi	3/1.0 (-1)	1,372 (-8%)	1mo	$120,000	$87	62
18 S Washington St	0.37mi	3/3.0 (-1)	1,410 (-6%)	0mo	$318,000	$226	60
2317 E Fayette St E	0.26mi	3/1.5 (-1)	1,315 (-12%)	1mo	$210,000	$160	59
219 S Washington St	0.53mi	3/2.0 (-1)	1,434 (-4%)	0mo	$350,000	$244	58
1912 E Pratt St	0.48mi	3/2.5 (-1)	1,577 (+5%)	2mo	$355,000	$225	56
2220 Henneman Ave	0.55mi	3/2.5 (-1)	1,440 (-4%)	1mo	$190,000	$132	56
317 S Collington	0.63mi	3/2.5 (-1)	1,440 (-4%)	1mo	$365,000	$253	52
1811 Gough St	0.62mi	3/2.5 (-1)	1,440 (-4%)	2mo	$380,000	$264	52
2534 E Baltimore St	0.49mi	3/3.0 (-1)	1,685 (+12%)	0mo	$495,000	$294	44
3019 Mcelderry St	0.74mi	4/2.5	1,674 (+12%)	1mo	$244,000	$146	39
2932 Mcelderry St	0.69mi	3/1.0 (-1)	1,304 (-13%)	2mo	$147,000	$113	39
2013 N Bank St	0.67mi	3/1.5 (-1)	1,710 (+14%)	1mo	$310,000	$181	38

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 13.5%
• Equity multiple: 1.57×
• Total profit: $27,082
• Equity at exit: $25,333

10-year hold

• IRR: 25.8%
• Equity multiple: 3.80×
• Total profit: $133,202
• Equity at exit: $14,690

Cash invested: $47,572 (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 21205

• Home prices YoY: -5.8%
• Rents YoY: 9.9%
• Active inventory: 143
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $2,277 high
• Mortgage (P&I): −$891
• Tax from tax record: −$169 /mo · $2,025/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$478
• Net cashflow: $668

Break-even live

Break-even rent $1,431

Max offer price $169,900

Occupancy floor 66%

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: $42,475
• Closing costs: $5,097
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2040 Orleans St Baltimore, MD	4.0	1.5	1974	$2,100	$1.06	15d	1	0.03mi
2208 Orleans St Baltimore, MD	3.0	1.0	1310	$1,775	$1.35	44d	1	0.11mi
2209 Mullikin St Baltimore, MD	3.0	2.5	1512	$1,900	$1.26	4d	1	0.14mi
107 N Chester St Unit 2 Baltimore, MD	3.0	1.0	1750	$2,750	$1.57	44d	1	0.17mi
420 N Montford Ave Baltimore, MD	3.0	1.0	1350	$1,450	$1.07	44d	1	0.23mi
143 N Patterson Park Ave Baltimore, MD	4.0	3.5	1650	$3,700	$2.24	24d	1	0.23mi
2115 E Fairmount Ave Baltimore, MD	3.0	2.5	1736	$2,795	$1.61	24d	1	0.23mi
2015 E Fairmount Ave Baltimore, MD	3.0	3.5	1402	$2,500	$1.78	44d	1	0.23mi
2317 E Fayette St Baltimore, MD	3.0	1.5	1315	$2,000	$1.52	13d	1	0.24mi
437 N Montford Ave Baltimore, MD	3.0	1.5	1100	$1,450	$1.32	44d	1	0.25mi
2242 E Fairmount Ave Baltimore, MD	3.0	2.0	1345	$2,850	$2.12	44d	1	0.25mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	15d	1	0.27mi
618 N Montford Ave Baltimore, MD	3.0	1.0	1050	$1,468	$1.40	44d	1	0.27mi
2410 E Fayette St Baltimore, MD	3.0	1.0	1224	$1,800	$1.47	44d	1	0.28mi
2431 McElderry St Baltimore, MD	4.0	2.5	1600	$2,100	$1.31	44d	1	0.30mi
821 N Collington Ave Baltimore, MD	3.0	2.0	1150	$1,950	$1.70	44d	1	0.30mi
425 N Milton Ave Baltimore, MD	3.0	1.0	1200	$1,525	$1.27	15d	1	0.33mi
233 N Luzerne Ave Baltimore, MD	3.0	2.5	1700	$2,250	$1.32	22d	1	0.41mi
225 N Luzerne Ave Baltimore, MD	3.0	1.0	1198	$1,350	$1.13	19d	1	0.41mi
539 N Luzerne Ave Baltimore, MD	3.0	2.5	1702	$2,300	$1.35	44d	1	0.41mi
2608 McElderry St Baltimore, MD	3.0	1.0	1144	$1,550	$1.35	24d	1	0.43mi
2619 E Fayette St Baltimore, MD	3.0	2.0	1600	$1,900	$1.19	44d	1	0.46mi
1818 E Pratt St Apt A Baltimore, MD	3.0	2.5	1736	$2,500	$1.44	18d	1	0.48mi
9 N Luzerne Ave Baltimore, MD	3.0	2.5	1380	$2,450	$1.78	4d	1	0.48mi
533 N Lakewood Ave Baltimore, MD	4.0	3.5	1758	$4,500	$2.56	44d	1	0.49mi
537 N Lakewood Ave Baltimore, MD	3.0	3.5	1755	$2,050	$1.17	44d	1	0.49mi
2202 Prentiss Pl Baltimore, MD	3.0	2.0	1400	$2,400	$1.71	44d	1	0.49mi
627 N Lakewood Ave Baltimore, MD	3.0	2.5	1175	$1,900	$1.62	22d	1	0.50mi
139 N Lakewood Ave Baltimore, MD	4.0	2.5	1370	$2,500	$1.82	44d	1	0.50mi
139 N Lakewood Ave Unit 1 Baltimore, MD	4.0	2.0	1370	$2,500	$1.82	44d	1	0.50mi
104 N Dallas St Baltimore, MD	3.0	2.5	1584	$2,500	$1.58	22d	1	0.52mi
228 N Kenwood Ave Baltimore, MD	5.0	2.0	1901	$2,200	$1.16	4d	1	0.53mi
1728 Lantern Mews Baltimore, MD	3.0	3.0	1600	$2,700	$1.69	18d	1	0.54mi
1716 Lantern Mews Baltimore, MD	4.0	5.0	2016	$2,700	$1.34	44d	1	0.55mi
2800 Orleans St Baltimore, MD	3.0	1.0	1404	$1,600	$1.14	18d	1	0.57mi
2800 Orleans St Baltimore, MD	3.0	1.0	1404	$1,600	$1.14	15d	1	0.57mi
1816 Gough St Baltimore, MD	4.0	2.0	1248	$3,500	$2.80	24d	1	0.58mi
1802 Gough St Baltimore, MD	3.0	2.0	1368	$2,595	$1.90	44d	1	0.59mi
1418 E Monument St Baltimore, MD	2.0–4.0	1.0–2.0	1265	$1,920	$1.52	15d	5	0.61mi
2815 E Madison St Baltimore, MD	4.0	2.0	1300	$2,500	$1.92	44d	1	0.62mi

Listing history 35 events

1. 2026-06-16
   status $169,900 Pending 47 DOM
2. 2026-06-15
   days on market $169,900 Active 47 DOM
3. 2026-06-13
   days on market $169,900 Active 45 DOM
4. 2026-06-09
   days on market $169,900 Active 41 DOM
5. 2026-06-08
   pricedays on market $169,900 Active 40 DOM
6. 2026-06-07
   days on market $174,900 Active 39 DOM
7. 2026-06-04
   days on market $174,900 Active 36 DOM
8. 2026-06-03
   days on market $174,900 Active 35 DOM
9. 2026-06-02
   days on market $174,900 Active 34 DOM
10. 2026-06-02
    price $174,900 Active 33 DOM
11. 2026-06-01
    days on market $189,900 Active 33 DOM
12. 2026-05-31
    days on market $189,900 Active 32 DOM
13. 2026-04-29
    listed $189,900 Active 561-char remark
14. 2019-06-10
    soldstatus $6,500
15. 2015-08-04
    historical
16. 2015-08-04
    historical Withdrawn
17. 2015-06-02
    listed Active
18. 2015-06-02
    listed $74,999
19. 2014-06-23
    historical
20. 2014-06-23
    soldstatus $15,000 Sold
21. 2014-06-23
    soldstatus $15,000
22. 2014-04-22
    status Contract
23. 2014-04-22
    historical
24. 2014-04-11
    listed $15,000 Active
25. 2014-04-11
    listed $15,000
26. 2013-09-02
    historical Withdrawn
27. 2013-09-02
    historical
28. 2012-05-07
    status Contract
29. 2012-04-04
    listed Active
30. 2012-04-04
    listed $15,000
31. 2005-04-18
    soldstatus $51,400
32. 2005-02-03
    soldstatus $51,400
33. 2004-12-27
    historical
34. 2004-12-10
    listed $51,400
35. 1998-02-25
    soldstatus $48,000

ⓘ 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: $2,025 · $169/mo
• Projected year-2 tax: $2,025 · $169/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: $27,325
• − Mortgage interest: −$9,517
• − Property taxes: −$2,025
• − Insurance: −$850
• − Repairs & maintenance: −$2,186
• − Management: −$2,186
• − Depreciation: −$4,943
• Taxable income: $5,619
• Est. tax owed @ 24.0%: −$1,349
• After-tax cash flow: $6,672/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): 13,013
• Household income: $43,176
• Rent vs Own: 63.6% rent · 36.4% own
• Severe rent burden: 966.0

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 0.60)
• Race & ethnicity: Black 60% Hispanic / Latino 16% White 14% Two or more races 11% Asian 3%
• Hispanic origin (detail): Mexican 1% Cuban 1% Dominican 4%
• Common ancestry: Slovak 3% Romanian 1%
• Foreign-born: 16% · Canada, China
• Languages at home: 79% English-only · Spanish 11% Arabic 4% Chinese 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: ▼ -15.03%
• Current HPI: 244.1345
• Rent YoY: ▲ 9.88%
• 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

+254.0% since first listed

26 events — show timeline

• 2026-06-15 Pending — BRIGHT MLS
• 2026-06-08 Price Changed $169,900 BRIGHT MLS
• 2026-06-01 Price Changed $174,900 BRIGHT MLS
• 2026-04-29 Listed $189,900 BRIGHT MLS
• 2019-06-10 Sold (Public Records) $6,500 Public Records
• 2015-08-04 Listing Removed — BRIGHT MLS
• 2015-08-04 Delisted — MRIS
• 2015-06-02 Listed — MRIS
• 2015-06-02 Listed $74,999 BRIGHT MLS
• 2014-06-23 Delisted — MRIS
• 2014-06-23 Sold (MLS) $15,000 BRIGHT MLS
• 2014-06-23 Sold (MLS) $15,000 MRIS
• 2014-04-22 Pending — MRIS
• 2014-04-22 Listing Removed — BRIGHT MLS
• 2014-04-11 Listed $15,000 MRIS
• 2014-04-11 Listed $15,000 BRIGHT MLS
• 2013-09-02 Delisted — MRIS
• 2013-09-02 Listing Removed — BRIGHT MLS
• 2012-05-07 Pending — MRIS
• 2012-04-04 Listed — MRIS
• 2012-04-04 Listed $15,000 BRIGHT MLS
• 2005-04-18 Sold (Public Records) $51,400 Public Records
• 2005-02-03 Sold (MLS) $51,400 MRIS
• 2004-12-27 Delisted — MRIS
• 2004-12-10 Listed $51,400 MRIS
• 1998-02-25 Sold (Public Records) $48,000 Public Records

Property tax history

+2.0%/yr

Latest (2025): $2,025 · +4.2% YoY. Source: county tax records.