5638 Midwood Ave · Baltimore, MD 21212

$199,500

4 bd · 2.0 ba · 1,452 sqft · Townhouse public records · 112 Days on market

Built 1949 Est $241k · 17% under

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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 +21.5/30.0
• ARV discount +15.0/15.0
• DSCR +6.9/10.0
• 1% rule +6.4/10.0
• Livability +3.8/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

DUPLEX – Live in One Unit or Rent Both It’s a students dream. 6 mins off campus. Barking. Washer dryer. I meannnnnn. . They are charging $1000 for off campus student housing and that was in 2019. Morgan has a HUGE housing shortage per admitted student. Ideal for an owner-occupant or investor. Major updates on the roof and new sewer & water line (Len the Plumber, 2019). The property was fully registered and licensed with Baltimore City and included lead certificates. Investor Highlights: • Estimated market rent for vacant unit: $1,500–$2,000/mo • Potential gross annual rent (both units): $24,000–$40,000/yr • Estimated NOI (after typical expenses): $25,000–$28,000/yr • Implied value at a 6%–7% cap rate: $357K–$416K Owner-Occupant Benefit: Rental income from one unit could offset 60%–70% of monthly housing costs, depending on loan terms. Strong rental potential, updated systems, and flexible living or investment options.

Key facts

• Built 1949
• Listed 112 days

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath townhouse listed at $200k.

Deal economics

• At list price, monthly cash flow is $299 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $182k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.1% 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 (+4.7%/yr); 133 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $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 112 days — a 9% lower offer ($182k) is reasonable based on typical stale-listing flexibility.
• 16 sale attempts since 24y ago; this cycle's ask has dropped $16k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $170k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1949 — 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 $181,545 (9.0% below list)

Questions for the listing agent

1. It's been on market 112 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1949 — 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: 1.14% ✓
• Cap rate: 8.09%
• Cash-on-cash: 6.42%
• DSCR: 1.29
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $241,032
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
854 Bradhurst Rd	0.13mi	4/2.5	1,516 (+4%)	0mo	$275,000	$181	84
1014 Upnor Rd	0.10mi	3/2.0 (-1)	1,512 (+4%)	2mo	$265,000	$175	82
830 Saint Dunstans Rd	0.13mi	3/1.0 (-1)	1,394 (-4%)	1mo	$161,000	$115	77
5811 The Alameda	0.49mi	4/2.0	1,420 (-2%)	1mo	$250,000	$176	72
912 Evesham Ave	0.22mi	3/2.0 (-1)	1,352 (-7%)	2mo	$224,900	$166	72
5607 Ready Ave	0.42mi	3/2.0 (-1)	1,486 (+2%)	2mo	$240,000	$162	70
1200 Woodbourne Ave	0.34mi	4/3.0	1,364 (-6%)	2mo	$196,100	$144	69
5606 Clearspring Rd	0.30mi	3/1.5 (-1)	1,554 (+7%)	2mo	$140,000	$90	66
5019 Midwood Ave	0.67mi	3/2.0 (-1)	1,455 (+0%)	2mo	$198,000	$136	62
1045 Marlau Dr	0.35mi	3/1.5 (-1)	1,240 (-15%)	0mo	$225,000	$181	52
308 Woodbourne Ave	0.65mi	3/2.0 (-1)	1,565 (+8%)	1mo	$431,000	$275	51
804 Mccabe Ave	0.48mi	3/2.5 (-1)	1,620 (+12%)	1mo	$199,900	$123	50

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 · 4.65% rent growth · sell at horizon

5-year hold

• IRR: -4.4%
• Equity multiple: 0.83×
• Total profit: $-9,355
• Equity at exit: $29,746

10-year hold

• IRR: 7.3%
• Equity multiple: 1.59×
• Total profit: $33,021
• Equity at exit: $17,249

Cash invested: $55,860 (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 21212

• Rents YoY: 4.7%
• Active inventory: 133
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $2,265 high
• Mortgage (P&I): −$1,046
• Tax from tax record: −$361 /mo · $4,333/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$476
• Net cashflow: $299

Break-even live

Break-even rent $1,887

Max offer price $199,500

Occupancy floor 82%

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: $49,875
• Closing costs: $5,985
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5622 Midwood Ave Baltimore, MD	3.0	2.0	1452	$2,300	$1.58	43d	1	0.06mi
828 Saint Dunstans Rd Baltimore, MD	3.0	2.0	1544	$2,000	$1.30	23d	1	0.11mi
1008 Tunbridge Rd Baltimore, MD	3.0	2.0	1732	$2,050	$1.18	23d	1	0.20mi
917 Reverdy Rd Unit A Baltimore, MD	3.0	1.0	1200	$2,100	$1.75	43d	1	0.26mi
5520 Sagra Rd Baltimore, MD	3.0	1.5	1650	$1,900	$1.15	43d	1	0.48mi
1020 Dartmouth Glen Way Baltimore, MD	3.0	2.5	1152	$2,250	$1.95	23d	1	0.49mi
1221 Glenwood Ave Baltimore, MD	3.0	2.0	1390	$2,595	$1.87	43d	1	0.50mi
711 1/2 McCabe Ave Baltimore, MD	4.0	3.0	1204	$2,350	$1.95	4d	1	0.56mi
5200 Ready Ave Baltimore, MD	3.0	1.5	1116	$1,950	$1.75	3d	1	0.56mi
6008 Clearspring Rd Baltimore, MD	4.0	2.5	1758	$3,600	$2.05	23d	1	0.63mi
5204 Kelway Rd Baltimore, MD	3.0	2.0	1666	$2,350	$1.41	23d	1	0.64mi
1275 Kitmore Rd Unit 1245K-T Baltimore, MD	3.0	1.0	935	$1,895	$2.03	4d	1	0.65mi
1224 Winston Ave Baltimore, MD	3.0	2.0	1248	$2,100	$1.68	17d	1	0.68mi
543 Chateau Ave Baltimore, MD	3.0	2.0	1152	$1,900	$1.65	4d	1	0.69mi
6159 Parkway Dr Apt 1 Baltimore, MD	4.0	2.0	1408	$2,200	$1.56	23d	1	0.70mi
6159 Parkway Dr Baltimore, MD	4.0	2.0	1408	$2,200	$1.56	21d	1	0.70mi
510 Winston Ave Baltimore, MD	4.0	2.0	1600	$2,800	$1.75	20d	1	0.73mi
6149 Dunroming Rd Baltimore, MD	3.0	1.5	1400	$1,895	$1.35	10d	1	0.74mi
506 Cedarcroft Rd Baltimore, MD	5.0	3.0	1695	$3,100	$1.83	11d	1	0.75mi
5001 Govane Ave Baltimore, MD	5.0	2.5	1200	$1,800	$1.50	23d	1	0.75mi
6189 Northwood Dr Baltimore, MD	4.0	2.0	1400	$2,200	$1.57	43d	1	0.75mi
804 Radnor Ave Baltimore, MD	3.0	1.0	1654	$2,000	$1.21	43d	1	0.82mi
1508 Gleneagle Rd Baltimore, MD	3.0	2.0	1824	$2,180	$1.20	4d	1	0.83mi
1018 Woodson Rd Baltimore, MD	1.0–3.0	1.0–2.0	815	$2,329	$2.86	2d	13	0.85mi
514 Radnor Ave Baltimore, MD	3.0	1.5	1575	$1,500	$0.95	44d	1	0.86mi
1408 Cedarcroft Rd Baltimore, MD	3.0	2.0	912	$1,957	$2.15	43d	1	1.05mi
1444 Meridene Dr Baltimore, MD	3.0	1.5	1520	$1,950	$1.28	43d	1	1.05mi
531 Willow Ave Unit Na Baltimore, MD	4.0	1.0	1300	$1,800	$1.38	20d	1	1.06mi
1726 E Belvedere Ave Baltimore, MD	3.0	2.0	1140	$1,895	$1.66	21d	1	1.07mi
1804 Winford Rd Baltimore, MD	3.0	1.5	1600	$2,100	$1.31	23d	1	1.07mi
1545 E Cold Spring Ln Baltimore, MD	4.0	2.0	1240	$2,000	$1.61	43d	1	1.09mi
1646 Wadsworth Way Baltimore, MD	3.0	1.0	1520	$2,100	$1.38	10d	1	1.10mi
4407 Old York Rd Baltimore, MD	3.0	1.5	1356	$1,574	$1.16	43d	1	1.11mi
4407 Old York Rd Baltimore, MD	3.0	1.5	1356	$1,574	$1.16	20d	1	1.11mi
100 E Melrose Ave Baltimore, MD	2.0–3.0	2.0–2.5	1750	$3,345	$1.91	4d	2	1.16mi
1908 E Belvedere Ave Baltimore, MD	4.0	2.0	1425	$1,950	$1.37	20d	1	1.16mi
706 E 43rd St Baltimore, MD	4.0	1.5	1596	$1,899	$1.19	2d	1	1.20mi
720 Springfield Ave Baltimore, MD	3.0	1.0	1160	$2,000	$1.72	43d	1	1.22mi
6405 Loch Crest Rd Idlewylde, MD	3.0	2.5	1440	$2,257	$1.57	43d	1	1.23mi
2028 Hillenwood Rd Baltimore, MD	4.0	2.0	1820	$2,100	$1.15	21d	1	1.23mi

Listing history 50 events

1. 2026-03-05
   status Pending 1005-char remark

   Show marketing remark (1005 chars)

   DUPLEX – Live in One Unit or Rent Both It’s a students dream. 6 mins off campus. Barking. Washer dryer. I meannnnnn. . They are charging $1000 for off campus student housing and that was in 2019. Morgan has a HUGE housing shortage per admitted student. Ideal for an owner-occupant or investor. Major updates on the roof and new sewer & water line (Len the Plumber, 2019). The property was fully registered and licensed with Baltimore City and included lead certificates. Investor Highlights: • Estimated market rent for vacant unit: $1,500–$2,000/mo • Potential gross annual rent (both units): $24,000–$40,000/yr • Estimated NOI (after typical expenses): $25,000–$28,000/yr • Implied value at a 6%–7% cap rate: $357K–$416K Owner-Occupant Benefit: Rental income from one unit could offset 60%–70% of monthly housing costs, depending on loan terms. Strong rental potential, updated systems, and flexible living or investment options.

2. 2026-03-05
   status Pending

   Show marketing remark (1005 chars)

   DUPLEX – Live in One Unit or Rent Both It’s a students dream. 6 mins off campus. Barking. Washer dryer. I meannnnnn. . They are charging $1000 for off campus student housing and that was in 2019. Morgan has a HUGE housing shortage per admitted student. Ideal for an owner-occupant or investor. Major updates on the roof and new sewer & water line (Len the Plumber, 2019). The property was fully registered and licensed with Baltimore City and included lead certificates. Investor Highlights: • Estimated market rent for vacant unit: $1,500–$2,000/mo • Potential gross annual rent (both units): $24,000–$40,000/yr • Estimated NOI (after typical expenses): $25,000–$28,000/yr • Implied value at a 6%–7% cap rate: $357K–$416K Owner-Occupant Benefit: Rental income from one unit could offset 60%–70% of monthly housing costs, depending on loan terms. Strong rental potential, updated systems, and flexible living or investment options.

3. 2026-02-17
   price $199,500

   Show marketing remark (1005 chars)

   DUPLEX – Live in One Unit or Rent Both It’s a students dream. 6 mins off campus. Barking. Washer dryer. I meannnnnn. . They are charging $1000 for off campus student housing and that was in 2019. Morgan has a HUGE housing shortage per admitted student. Ideal for an owner-occupant or investor. Major updates on the roof and new sewer & water line (Len the Plumber, 2019). The property was fully registered and licensed with Baltimore City and included lead certificates. Investor Highlights: • Estimated market rent for vacant unit: $1,500–$2,000/mo • Potential gross annual rent (both units): $24,000–$40,000/yr • Estimated NOI (after typical expenses): $25,000–$28,000/yr • Implied value at a 6%–7% cap rate: $357K–$416K Owner-Occupant Benefit: Rental income from one unit could offset 60%–70% of monthly housing costs, depending on loan terms. Strong rental potential, updated systems, and flexible living or investment options.

4. 2026-02-17
   price $199,500 1005-char remark

   Show marketing remark (1005 chars)

   DUPLEX – Live in One Unit or Rent Both It’s a students dream. 6 mins off campus. Barking. Washer dryer. I meannnnnn. . They are charging $1000 for off campus student housing and that was in 2019. Morgan has a HUGE housing shortage per admitted student. Ideal for an owner-occupant or investor. Major updates on the roof and new sewer & water line (Len the Plumber, 2019). The property was fully registered and licensed with Baltimore City and included lead certificates. Investor Highlights: • Estimated market rent for vacant unit: $1,500–$2,000/mo • Potential gross annual rent (both units): $24,000–$40,000/yr • Estimated NOI (after typical expenses): $25,000–$28,000/yr • Implied value at a 6%–7% cap rate: $357K–$416K Owner-Occupant Benefit: Rental income from one unit could offset 60%–70% of monthly housing costs, depending on loan terms. Strong rental potential, updated systems, and flexible living or investment options.

5. 2026-01-26
   price $200,000 1005-char remark

   Show marketing remark (1005 chars)

   DUPLEX – Live in One Unit or Rent Both It’s a students dream. 6 mins off campus. Barking. Washer dryer. I meannnnnn. . They are charging $1000 for off campus student housing and that was in 2019. Morgan has a HUGE housing shortage per admitted student. Ideal for an owner-occupant or investor. Major updates on the roof and new sewer & water line (Len the Plumber, 2019). The property was fully registered and licensed with Baltimore City and included lead certificates. Investor Highlights: • Estimated market rent for vacant unit: $1,500–$2,000/mo • Potential gross annual rent (both units): $24,000–$40,000/yr • Estimated NOI (after typical expenses): $25,000–$28,000/yr • Implied value at a 6%–7% cap rate: $357K–$416K Owner-Occupant Benefit: Rental income from one unit could offset 60%–70% of monthly housing costs, depending on loan terms. Strong rental potential, updated systems, and flexible living or investment options.

6. 2026-01-26
   price $200,000

   Show marketing remark (1005 chars)

   DUPLEX – Live in One Unit or Rent Both It’s a students dream. 6 mins off campus. Barking. Washer dryer. I meannnnnn. . They are charging $1000 for off campus student housing and that was in 2019. Morgan has a HUGE housing shortage per admitted student. Ideal for an owner-occupant or investor. Major updates on the roof and new sewer & water line (Len the Plumber, 2019). The property was fully registered and licensed with Baltimore City and included lead certificates. Investor Highlights: • Estimated market rent for vacant unit: $1,500–$2,000/mo • Potential gross annual rent (both units): $24,000–$40,000/yr • Estimated NOI (after typical expenses): $25,000–$28,000/yr • Implied value at a 6%–7% cap rate: $357K–$416K Owner-Occupant Benefit: Rental income from one unit could offset 60%–70% of monthly housing costs, depending on loan terms. Strong rental potential, updated systems, and flexible living or investment options.

7. 2026-01-13
   price $200,499 1005-char remark

   Show marketing remark (1005 chars)

   DUPLEX – Live in One Unit or Rent Both It’s a students dream. 6 mins off campus. Barking. Washer dryer. I meannnnnn. . They are charging $1000 for off campus student housing and that was in 2019. Morgan has a HUGE housing shortage per admitted student. Ideal for an owner-occupant or investor. Major updates on the roof and new sewer & water line (Len the Plumber, 2019). The property was fully registered and licensed with Baltimore City and included lead certificates. Investor Highlights: • Estimated market rent for vacant unit: $1,500–$2,000/mo • Potential gross annual rent (both units): $24,000–$40,000/yr • Estimated NOI (after typical expenses): $25,000–$28,000/yr • Implied value at a 6%–7% cap rate: $357K–$416K Owner-Occupant Benefit: Rental income from one unit could offset 60%–70% of monthly housing costs, depending on loan terms. Strong rental potential, updated systems, and flexible living or investment options.

8. 2026-01-13
   price $200,499

   Show marketing remark (1005 chars)

   DUPLEX – Live in One Unit or Rent Both It’s a students dream. 6 mins off campus. Barking. Washer dryer. I meannnnnn. . They are charging $1000 for off campus student housing and that was in 2019. Morgan has a HUGE housing shortage per admitted student. Ideal for an owner-occupant or investor. Major updates on the roof and new sewer & water line (Len the Plumber, 2019). The property was fully registered and licensed with Baltimore City and included lead certificates. Investor Highlights: • Estimated market rent for vacant unit: $1,500–$2,000/mo • Potential gross annual rent (both units): $24,000–$40,000/yr • Estimated NOI (after typical expenses): $25,000–$28,000/yr • Implied value at a 6%–7% cap rate: $357K–$416K Owner-Occupant Benefit: Rental income from one unit could offset 60%–70% of monthly housing costs, depending on loan terms. Strong rental potential, updated systems, and flexible living or investment options.

9. 2025-12-31
   price $205,999 1005-char remark

   Show marketing remark (1005 chars)

   DUPLEX – Live in One Unit or Rent Both It’s a students dream. 6 mins off campus. Barking. Washer dryer. I meannnnnn. . They are charging $1000 for off campus student housing and that was in 2019. Morgan has a HUGE housing shortage per admitted student. Ideal for an owner-occupant or investor. Major updates on the roof and new sewer & water line (Len the Plumber, 2019). The property was fully registered and licensed with Baltimore City and included lead certificates. Investor Highlights: • Estimated market rent for vacant unit: $1,500–$2,000/mo • Potential gross annual rent (both units): $24,000–$40,000/yr • Estimated NOI (after typical expenses): $25,000–$28,000/yr • Implied value at a 6%–7% cap rate: $357K–$416K Owner-Occupant Benefit: Rental income from one unit could offset 60%–70% of monthly housing costs, depending on loan terms. Strong rental potential, updated systems, and flexible living or investment options.

10. 2025-12-31
    price $205,999

    Show marketing remark (1005 chars)

    DUPLEX – Live in One Unit or Rent Both It’s a students dream. 6 mins off campus. Barking. Washer dryer. I meannnnnn. . They are charging $1000 for off campus student housing and that was in 2019. Morgan has a HUGE housing shortage per admitted student. Ideal for an owner-occupant or investor. Major updates on the roof and new sewer & water line (Len the Plumber, 2019). The property was fully registered and licensed with Baltimore City and included lead certificates. Investor Highlights: • Estimated market rent for vacant unit: $1,500–$2,000/mo • Potential gross annual rent (both units): $24,000–$40,000/yr • Estimated NOI (after typical expenses): $25,000–$28,000/yr • Implied value at a 6%–7% cap rate: $357K–$416K Owner-Occupant Benefit: Rental income from one unit could offset 60%–70% of monthly housing costs, depending on loan terms. Strong rental potential, updated systems, and flexible living or investment options.

11. 2025-12-15
    price $210,999 1005-char remark

    Show marketing remark (1005 chars)

    DUPLEX – Live in One Unit or Rent Both It’s a students dream. 6 mins off campus. Barking. Washer dryer. I meannnnnn. . They are charging $1000 for off campus student housing and that was in 2019. Morgan has a HUGE housing shortage per admitted student. Ideal for an owner-occupant or investor. Major updates on the roof and new sewer & water line (Len the Plumber, 2019). The property was fully registered and licensed with Baltimore City and included lead certificates. Investor Highlights: • Estimated market rent for vacant unit: $1,500–$2,000/mo • Potential gross annual rent (both units): $24,000–$40,000/yr • Estimated NOI (after typical expenses): $25,000–$28,000/yr • Implied value at a 6%–7% cap rate: $357K–$416K Owner-Occupant Benefit: Rental income from one unit could offset 60%–70% of monthly housing costs, depending on loan terms. Strong rental potential, updated systems, and flexible living or investment options.

12. 2025-12-15
    price $210,999

    Show marketing remark (1005 chars)

    DUPLEX – Live in One Unit or Rent Both It’s a students dream. 6 mins off campus. Barking. Washer dryer. I meannnnnn. . They are charging $1000 for off campus student housing and that was in 2019. Morgan has a HUGE housing shortage per admitted student. Ideal for an owner-occupant or investor. Major updates on the roof and new sewer & water line (Len the Plumber, 2019). The property was fully registered and licensed with Baltimore City and included lead certificates. Investor Highlights: • Estimated market rent for vacant unit: $1,500–$2,000/mo • Potential gross annual rent (both units): $24,000–$40,000/yr • Estimated NOI (after typical expenses): $25,000–$28,000/yr • Implied value at a 6%–7% cap rate: $357K–$416K Owner-Occupant Benefit: Rental income from one unit could offset 60%–70% of monthly housing costs, depending on loan terms. Strong rental potential, updated systems, and flexible living or investment options.

13. 2025-11-14
    listed $215,999 Active

    Show marketing remark (1005 chars)

    DUPLEX – Live in One Unit or Rent Both It’s a students dream. 6 mins off campus. Barking. Washer dryer. I meannnnnn. . They are charging $1000 for off campus student housing and that was in 2019. Morgan has a HUGE housing shortage per admitted student. Ideal for an owner-occupant or investor. Major updates on the roof and new sewer & water line (Len the Plumber, 2019). The property was fully registered and licensed with Baltimore City and included lead certificates. Investor Highlights: • Estimated market rent for vacant unit: $1,500–$2,000/mo • Potential gross annual rent (both units): $24,000–$40,000/yr • Estimated NOI (after typical expenses): $25,000–$28,000/yr • Implied value at a 6%–7% cap rate: $357K–$416K Owner-Occupant Benefit: Rental income from one unit could offset 60%–70% of monthly housing costs, depending on loan terms. Strong rental potential, updated systems, and flexible living or investment options.

14. 2025-11-14
    listed $215,999 Active 1005-char remark

    Show marketing remark (1005 chars)

    DUPLEX – Live in One Unit or Rent Both It’s a students dream. 6 mins off campus. Barking. Washer dryer. I meannnnnn. . They are charging $1000 for off campus student housing and that was in 2019. Morgan has a HUGE housing shortage per admitted student. Ideal for an owner-occupant or investor. Major updates on the roof and new sewer & water line (Len the Plumber, 2019). The property was fully registered and licensed with Baltimore City and included lead certificates. Investor Highlights: • Estimated market rent for vacant unit: $1,500–$2,000/mo • Potential gross annual rent (both units): $24,000–$40,000/yr • Estimated NOI (after typical expenses): $25,000–$28,000/yr • Implied value at a 6%–7% cap rate: $357K–$416K Owner-Occupant Benefit: Rental income from one unit could offset 60%–70% of monthly housing costs, depending on loan terms. Strong rental potential, updated systems, and flexible living or investment options.

15. 2019-08-06
    soldstatus $169,900
16. 2019-07-30
    soldstatus $169,900 Closed 473-char remark

    Show marketing remark (473 chars)

    Live in one unit and rent the other to pay the mortgage or most of it. Perfect for home owner or investor. First floor tenant is a long term tenant. Second floor is vacant and has been remodeled. Additional updates to the property include, a new roof, sewer & water line that was installed by Len the plumber May, 2019. Property is registered and licensed with the city of Baltimore, including Lead Certs . Excellent income producing property with little maintenance

17. 2019-06-17
    status Pending 473-char remark

    Show marketing remark (473 chars)

    Live in one unit and rent the other to pay the mortgage or most of it. Perfect for home owner or investor. First floor tenant is a long term tenant. Second floor is vacant and has been remodeled. Additional updates to the property include, a new roof, sewer & water line that was installed by Len the plumber May, 2019. Property is registered and licensed with the city of Baltimore, including Lead Certs . Excellent income producing property with little maintenance

18. 2019-06-08
    listed $159,900 Active 473-char remark

    Show marketing remark (473 chars)

    Live in one unit and rent the other to pay the mortgage or most of it. Perfect for home owner or investor. First floor tenant is a long term tenant. Second floor is vacant and has been remodeled. Additional updates to the property include, a new roof, sewer & water line that was installed by Len the plumber May, 2019. Property is registered and licensed with the city of Baltimore, including Lead Certs . Excellent income producing property with little maintenance

19. 2013-01-30
    historical
20. 2013-01-30
    historical
21. 2013-01-24
    status Active
22. 2012-12-14
    status Contract
23. 2012-11-30
    status Active
24. 2012-11-08
    status Contract
25. 2012-07-17
    listed Active
26. 2012-07-17
    listed $104,900
27. 2012-06-25
    soldstatus $65,000
28. 2012-06-14
    soldstatus $65,000 Sold
29. 2012-06-14
    soldstatus $65,000 Sold
30. 2012-06-14
    soldstatus $65,000
31. 2012-06-14
    soldstatus $65,000
32. 2012-05-18
    historical
33. 2012-05-18
    historical
34. 2012-05-07
    price $67,000 Active
35. 2012-05-07
    status Active
36. 2012-05-07
    price $67,000 Active
37. 2012-05-07
    status Active
38. 2012-02-28
    price $65,000 Contingent (No Kick Out)
39. 2012-02-28
    status Contingent (No Kick Out)
40. 2012-02-28
    price $65,000 Contingent (No Kick Out)
41. 2012-02-28
    status Contingent (No Kick Out)
42. 2012-02-09
    price $85,000
43. 2012-02-09
    price $85,000
44. 2012-01-28
    listed $95,000 Active
45. 2012-01-28
    listed $95,000 Active
46. 2012-01-28
    listed $67,000
47. 2012-01-28
    listed $67,000
48. 2003-07-01
    historical
49. 2003-07-01
    historical
50. 2003-06-21
    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: $4,333 · $361/mo
• Projected year-2 tax: $4,333 · $361/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 ≥104°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 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,182
• − Mortgage interest: −$11,175
• − Property taxes: −$4,333
• − Insurance: −$998
• − Repairs & maintenance: −$2,175
• − Management: −$2,175
• − Depreciation: −$5,804
• Taxable income: $524
• Est. tax owed @ 24.0%: −$126
• After-tax cash flow: $3,463/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): 33,974
• Household income: $96,685
• Rent vs Own: 31.2% rent · 68.8% own
• Severe rent burden: 769.0

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 0.64)
• Race & ethnicity: White 49% Black 35% Two or more races 9% Hispanic / Latino 7% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 1%
• Common ancestry: Romanian 3% Italian 2% Slovak 2%
• Foreign-born: 9% · Canada, China
• Languages at home: 87% English-only · Spanish 5% Other Indo-European 2% French/Haitian/Cajun 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: ▼ -392.44%
• Current HPI: 267.4569
• Rent YoY: ▲ 4.65%
• 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

+465.7% since first listed

57 events — show timeline

• 2026-03-05 Pending — BRIGHT MLS
• 2026-03-05 Pending — BRIGHT MLS
• 2026-02-17 Price Changed $199,500 BRIGHT MLS
• 2026-02-17 Price Changed $199,500 BRIGHT MLS
• 2026-01-26 Price Changed $200,000 BRIGHT MLS
• 2026-01-26 Price Changed $200,000 BRIGHT MLS
• 2026-01-13 Price Changed $200,499 BRIGHT MLS
• 2026-01-13 Price Changed $200,499 BRIGHT MLS
• 2025-12-31 Price Changed $205,999 BRIGHT MLS
• 2025-12-31 Price Changed $205,999 BRIGHT MLS
• 2025-12-15 Price Changed $210,999 BRIGHT MLS
• 2025-12-15 Price Changed $210,999 BRIGHT MLS
• 2025-11-14 Listed $215,999 BRIGHT MLS
• 2025-11-14 Listed $215,999 BRIGHT MLS
• 2019-08-06 Sold (Public Records) $169,900 Public Records
• 2019-07-30 Sold (MLS) $169,900 BRIGHT MLS
• 2019-06-17 Pending — BRIGHT MLS
• 2019-06-08 Listed $159,900 BRIGHT MLS
• 2013-01-30 Delisted — MRIS
• 2013-01-30 Listing Removed — BRIGHT MLS
• 2013-01-24 Relisted — MRIS
• 2012-12-14 Pending — MRIS
• 2012-11-30 Relisted — MRIS
• 2012-11-08 Pending — MRIS
• 2012-07-17 Listed — MRIS
• 2012-07-17 Listed $104,900 BRIGHT MLS
• 2012-06-25 Sold (Public Records) $65,000 Public Records
• 2012-06-14 Sold (MLS) $65,000 BRIGHT MLS
• 2012-06-14 Sold (MLS) $65,000 BRIGHT MLS
• 2012-06-14 Sold (MLS) $65,000 MRIS
• 2012-06-14 Sold (MLS) $65,000 MRIS
• 2012-05-18 Listing Removed — BRIGHT MLS
• 2012-05-18 Listing Removed — BRIGHT MLS
• 2012-05-07 Relisted — MRIS
• 2012-05-07 Price Changed $67,000 MRIS
• 2012-05-07 Relisted — MRIS
• 2012-05-07 Price Changed $67,000 MRIS
• 2012-02-28 Pending — MRIS
• 2012-02-28 Price Changed $65,000 MRIS
• 2012-02-28 Pending — MRIS
• 2012-02-28 Price Changed $65,000 MRIS
• 2012-02-09 Price Changed $85,000 MRIS
• 2012-02-09 Price Changed $85,000 MRIS
• 2012-01-28 Listed $95,000 MRIS
• 2012-01-28 Listed $95,000 MRIS
• 2012-01-28 Listed $67,000 BRIGHT MLS
• 2012-01-28 Listed $67,000 BRIGHT MLS
• 2003-07-01 Delisted — MRIS
• 2003-07-01 Delisted — MRIS
• 2003-06-21 Listed — MRIS
• 2003-06-21 Listed — MRIS
• 2002-06-26 Sold (MLS) $36,800 MRIS
• 2002-05-18 Delisted — MRIS
• 2002-04-22 Listed $37,800 MRIS
• 2000-03-30 Sold (Public Records) $77,000 Public Records
• 2000-02-23 Sold (Public Records) $35,266 Public Records
• 2000-02-23 Sold (Public Records) $35,266 Public Records

Property tax history

+3.5%/yr

Latest (2025): $4,333 · +12.7% YoY. Source: county tax records.