1245 W Lombard St · Baltimore, MD 21223

$239,000

4 bd · 2.0 ba · 1,332 sqft · Townhouse · 16 Days on market

Built 1920 Est $212k · 13% over

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Why this score? — see what drove the D- 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 +16.3/30.0
• DSCR +5.1/10.0
• Rent growth +4.4/5.0
• 1% rule +3.8/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• ARV discount +1.7/15.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Ideally located on the bus line & three blocks from Historic Union Square Park convenient to downtown, Harbor & interstate. . Located in Historic Union Square, main level has exposed brick walls, freshly painted interior & new wood floors on 1st . 2ND level offers one bedroom and bathroom. 3RD level offers one bedroom. Home inspections are welcome for informational purposes only. Sold "as is".

Key facts

• Exposed brick walls
• Quartz countertops
• Built 1920

Tags

• RENOVATED BRICK ROWHOME
• EXPOSED BRICK WALLS
• QUARTZ COUNTERTOPS
• LARGE PRIVATE REAR PATIO
• UPDATED FULL BATHROOMS
• VALUABLE STORAGE SPACE

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Electric service for heating, cooling, and hot water
• Home design: Interior townhouse/rowhouse; Fee simple ownership; Effective year built: 2025 (source: assessor)
• Construction: Brick construction; Other foundation
• Exterior features: Patio(s); No tidal water

Interior

• Bedrooms: Two bedrooms on the first upper level; Two bedrooms on the second upper level
• Bathrooms: Two full bathrooms (one on the first upper level and one on the second upper level)
• Heating & cooling: Forced air heating (electric); Central air conditioning (electric); Electric hot water
• Interior features: 9'+ ceilings; Unfinished basement

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath townhouse listed at $239k.

Deal economics

• At list price, monthly cash flow is $132 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $211k (11.9% below list).
• Recommended offer: $211k (11.9% below list) — sets the bar for 1% rule.

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: Elmer A. Henderson: A Johns Hopkins Partnership (math 2% / reading 16%, grade F, #650 of 860 statewide, top 77%, 642 students, 80% FRL); Baltimore Polytechnic Institute (math 71% / reading 84%, grade A-, #22 of 222 statewide, top 10%, 1,555 students, 43% FRL) — zoned schools average 62% FRL vs 79% district-wide (17 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 43% at this address vs 12% district-wide (+32 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 fast (+7.5%/yr); 425 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 $2,107/mo this rent would consume 55% of the median local household income ($46k/yr) (locally 1755% 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 $2k of loan paydown is wiped out by about $7k 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 16 days — a 2% lower offer ($235k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 10y 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 $4k; list at $239k implies a 6640% 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 $210,663 (11.9% below list)

Questions for the listing agent

1. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.88% ✗
• Cap rate: 6.96%
• Cash-on-cash: 2.37%
• DSCR: 1.11
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $211,788
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
916 S Carey St	0.33mi	3/1.5 (-1)	1,288 (-3%)	1mo	$100,000	$78	71
1110 W Lombard St	0.12mi	3/2.5 (-1)	1,206 (-10%)	1mo	$180,000	$149	71
1241 James St	0.34mi	3/2.0 (-1)	1,412 (+6%)	1mo	$225,000	$159	68
121 Parkin St	0.40mi	3/2.0 (-1)	1,208 (-9%)	0mo	$175,000	$145	61
1109 S Carey St	0.37mi	3/2.0 (-1)	1,478 (+11%)	2mo	$219,900	$149	58
817 W Cross St	0.64mi	3/3.5 (-1)	1,320 (-1%)	1mo	$260,000	$197	57
835 W Cross St	0.61mi	3/2.5 (-1)	1,380 (+4%)	2mo	$243,600	$177	57
835 1/2 W Lombard St	0.46mi	3/1.0 (-1)	1,242 (-7%)	2mo	$255,000	$205	57
624 Washington Blvd	0.74mi	3/2.0 (-1)	1,440 (+8%)	0mo	$269,000	$187	47
1244 Carroll St	0.47mi	3/1.5 (-1)	1,140 (-14%)	1mo	$213,900	$188	47
605 N Fremont Ave N	0.71mi	3/3.0 (-1)	1,440 (+8%)	1mo	$185,000	$128	44
642 Portland St	0.68mi	3/1.0 (-1)	1,531 (+15%)	2mo	$135,000	$88	33

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 · 7.51% rent growth · sell at horizon

5-year hold

• IRR: -7.9%
• Equity multiple: 0.70×
• Total profit: $-20,376
• Equity at exit: $35,636

10-year hold

• IRR: 6.4%
• Equity multiple: 1.57×
• Total profit: $37,923
• Equity at exit: $20,664

Cash invested: $66,920 (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 21223

• Rents YoY: 7.5%
• Active inventory: 425
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $2,107 high
• Mortgage (P&I): −$1,253
• Tax from tax record: −$179 /mo · $2,153/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$442
• Net cashflow: $132

Break-even live

Break-even rent $1,940

Max offer price $239,000

Occupancy floor 89%

Sensitivity live

Price	-10% $267	-5% $200	+0% $132	+5% $64	+10% $-3
Rent	-10% $-35	-5% $49	+0% $132	+5% $215	+10% $298
Rate	-1.0pp $252	-0.5pp $193	base $132	+0.5pp $70	+1.0pp $7

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: $59,750
• Closing costs: $7,170
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
104 S Carrollton Ave Baltimore, MD	3.0	4.0	1232	$2,200	$1.79	0d	1	0.07mi
1315 Hollins St Unit 2 Baltimore, MD	3.0	2.0	1096	$1,950	$1.78	14d	1	0.10mi
1315 Hollins St Unit 2 Baltimore, MD	3.0	2.0	1096	$1,860	$1.70	6d	1	0.10mi
1115 W Lombard St Baltimore, MD	3.0	1.0	1468	$2,100	$1.43	45d	1	0.12mi
1111 W Lombard St Baltimore, MD	3.0	1.0	1200	$1,295	$1.08	6d	1	0.13mi
1000 Hollins St Unit 1000 Hollins Baltimore, MD	3.0	2.5	1472	$2,600	$1.77	46d	1	0.26mi
913 W Lombard St Baltimore, MD	3.0	1.0	1452	$1,600	$1.10	25d	1	0.29mi
923 McHenry St Baltimore, MD	3.0	1.0	1008	$1,625	$1.61	45d	1	0.30mi
1142 Sargeant St Baltimore, MD	3.0	2.0	1080	$1,601	$1.48	3d	1	0.31mi
1142 Sargeant St Baltimore, MD	3.0	2.0	1080	$1,601	$1.48	0d	1	0.31mi
110 S Poppleton St Baltimore, MD	3.0	1.5	1800	$1,900	$1.06	45d	1	0.31mi
1635 Frederick Ave Baltimore, MD	3.0	2.0	1224	$1,850	$1.51	45d	1	0.32mi
1127 S Carey St Baltimore, MD	3.0	2.5	1340	$1,900	$1.42	6d	1	0.37mi
1125 Washington Blvd Baltimore, MD	4.0	2.5	1200	$2,750	$2.29	19d	1	0.37mi
101 N Schroeder St Baltimore, MD	3.0	1.0–2.0	1037	$3,185	$3.07	0d	11	0.38mi
1243 Washington Blvd Baltimore, MD	3.0	2.0	1148	$1,950	$1.70	45d	1	0.39mi
1259 Washington Blvd Baltimore, MD	3.0	3.0	1232	$2,799	$2.27	0d	1	0.39mi
1519 Penrose Ave Baltimore, MD	3.0	2.0	1200	$1,875	$1.56	45d	1	0.42mi
1226 W Cross St Baltimore, MD	3.0	3.0	1551	$2,250	$1.45	45d	1	0.42mi
819 Ramsay St Baltimore, MD	4.0	3.5	1856	$3,000	$1.62	14d	1	0.46mi
803 McHenry St Baltimore, MD	4.0	2.5	1856	$2,599	$1.40	4d	1	0.48mi
827 Washington Blvd Baltimore, MD	3.0	1.0	1512	$2,000	$1.32	25d	1	0.49mi
324 Scott St Baltimore, MD	4.0	2.5	1656	$3,000	$1.81	45d	1	0.50mi
508 Wyeth St Baltimore, MD	3.0	3.0	1234	$1,850	$1.50	45d	1	0.50mi
1839 W Fayette St Baltimore, MD	3.0	1.5	1426	$1,675	$1.17	25d	1	0.51mi
804 Hollins St Unit 1 Baltimore, MD	3.0	2.0	1800	$2,700	$1.50	6d	1	0.52mi
1918 W Baltimore St Baltimore, MD	2.0–3.0	1.0–2.0	857	$1,434	$1.67	45d	1	0.54mi
748 McHenry St Baltimore, MD	3.0	2.0	1288	$2,100	$1.63	6d	1	0.54mi
610 Scott St Baltimore, MD	5.0	3.0	1700	$2,750	$1.62	14d	1	0.56mi
519 Scott St Unit 2 Baltimore, MD	3.0	3.0	1600	$3,000	$1.88	45d	1	0.57mi
1814 Penrose Ave Baltimore, MD	3.0	1.0	1624	$1,700	$1.05	19d	1	0.58mi
709 Scott St Baltimore, MD	3.0	2.5	1448	$2,500	$1.73	25d	1	0.60mi
709 Scott St Baltimore, MD	3.0	3.0	1448	$2,500	$1.73	16d	1	0.60mi
514 S Payson St Unit 2 Baltimore, MD	3.0	2.0	1264	$1,750	$1.38	45d	1	0.62mi
311 S Pulaski St Baltimore, MD	5.0	3.0	1450	$2,400	$1.66	5d	1	0.64mi
311 S Pulaski St Baltimore, MD	5.0	3.0	1450	$2,400	$1.66	45d	1	0.64mi
1125 Wicomico St Baltimore, MD	3.0	3.0	1068	$1,955	$1.83	25d	1	0.66mi
1509 Edmondson Ave #1 Baltimore, MD	3.0	2.0	1600	$2,275	$1.42	25d	1	0.67mi
812 S Paca St Baltimore, MD	3.0	2.0	990	$1,500	$1.52	14d	1	0.69mi
662 Washington Blvd Baltimore, MD	4.0	2.5	1300	$2,700	$2.08	45d	1	0.69mi

Listing history 10 events

1. 2026-06-21
   days on market $239,000 Active 16 DOM
2. 2026-06-18
   days on market $239,000 Active 13 DOM
3. 2026-06-17
   days on market $239,000 Active 12 DOM
4. 2026-06-16
   days on market $239,000 Active 11 DOM
5. 2026-06-15
   days on market $239,000 Active 10 DOM
6. 2026-06-13
   days on market $239,000 Active 8 DOM
7. 2026-06-09
   days on market $239,000 Active 4 DOM
8. 2026-06-08
   days on market $239,000 Active 3 DOM
9. 2026-06-07
   remarks 687-char remark
10. 2026-06-07
    listed $239,000 Active 2 DOM

ⓘ 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: $2,153 · $179/mo
• Projected year-2 tax: $2,379 · $198/mo
• Expected delta: +$226/yr (+$19/mo · 10.5%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% 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 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: $25,280
• − Mortgage interest: −$13,388
• − Property taxes: −$2,153
• − Insurance: −$1,195
• − Repairs & maintenance: −$2,022
• − Management: −$2,022
• − Depreciation: −$6,953
• Taxable loss: −$2,454
• Est. tax savings @ 24.0%: +$589
• After-tax cash flow: $2,172/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): 19,572
• Household income: $45,840
• Rent vs Own: 68.0% rent · 32.0% own
• Severe rent burden: 1755.0

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 (72%)
• Race & ethnicity: Black 72% White 16% Hispanic / Latino 7% Two or more races 6% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Romanian 1%
• Foreign-born: 8% · Canada
• Languages at home: 90% English-only · Spanish 6% French/Haitian/Cajun 2% 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: ▼ -97.99%
• Current HPI: 140.5836
• Rent YoY: ▲ 7.51%
• 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

+3363.8% since first listed

21 events — show timeline

• 2026-06-05 Listed $239,000 BRIGHT MLS
• 2020-10-23 Sold (Public Records) $3,546 Public Records
• 2018-10-01 Price Changed $66,000 BRIGHT MLS
• 2018-08-15 Sold (Public Records) $61,000 Public Records
• 2018-07-17 Sold (MLS) $61,000 MRIS
• 2018-07-17 Sold (MLS) $61,000 BRIGHT MLS
• 2018-05-07 Pending — BRIGHT MLS
• 2018-05-07 Pending — MRIS
• 2018-04-28 Listed $69,900 MRIS
• 2018-04-28 Listed $69,900 BRIGHT MLS
• 2018-02-14 Delisted — MRIS
• 2017-11-06 Price Changed — MRIS
• 2017-10-05 Price Changed — MRIS
• 2017-09-07 Listed — MRIS
• 2017-09-07 Listed $69,900 BRIGHT MLS
• 2017-01-23 Listing Removed — BRIGHT MLS
• 2017-01-23 Delisted — MRIS
• 2016-12-16 Listed — MRIS
• 2016-12-16 Listed $75,000 BRIGHT MLS
• 2014-05-08 Sold (Public Records) $50,000 Public Records
• 1996-04-25 Sold (Public Records) $6,900 Public Records

Property tax history

+10.0%/yr

Latest (2025): $2,153 · +10.0% YoY. Source: county tax records.