2760 The Alameda · Baltimore, MD 21218

$140,000

3 bd · 1.0 ba · 1,312 sqft · Townhouse · 185 Days on market

Built 1930 $107/sqft · 21% below area Est $178k · 21% 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 +28.1/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.7/10.0
• Livability +3.8/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

* NEW PRICE * Welcome home to this charming 3 bedroom rowhome in a very convenient location just steps from Harford Rd, Clifton Park, and Morgan State. The property is currently tenant occupied, has lead paint cert, and is a turnkey investment opportunity. It can be sold by itself, or part of a 2 property portfolio. Reach out to listing agent for information on the other 2 properties.

Key facts

• Built 1930
• Listed 185 days

🏷️ Possibly a rental listed for sale. The $140,000 price doesn't fit this home's estimated sale value (~$177,729) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $140k.

Deal economics

• At list price, monthly cash flow is $442 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $123k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.1% 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 (+1.6%/yr); 325 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); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 34% of the median local income ($62k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $968 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 + 1.6% rent growth), your $39k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 185 days — a 12% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 20y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $115k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1930 — 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 $123,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 185 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — 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: 1.27% ✓
• Cap rate: 10.08%
• Cash-on-cash: 13.52%
• DSCR: 1.60
• GRM: 6.6

CMA / ARV

• ARV (median comp): $177,729
• List price: $140,000
• Delta: -21.23%
• 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
2770 The Alameda	0.01mi	3/1.0	1,250 (-5%)	3mo	$115,000	$92	89
1632 E 31st St	0.27mi	3/1.0	1,280 (-2%)	0mo	$94,500	$74	83
1809 E 32nd St	0.32mi	3/1.5	1,280 (-2%)	1mo	$82,000	$64	78
1723 E 32nd St	0.31mi	3/2.0	1,280 (-2%)	2mo	$128,000	$100	76
2545 Cecil Ave	0.41mi	3/2.5	1,318 (+0%)	1mo	$215,000	$163	73
1841 E 30th St	0.25mi	3/1.5	1,400 (+7%)	4mo	$175,000	$125	72
2560 Cecil Ave	0.41mi	3/3.0	1,300 (-1%)	3mo	$210,000	$162	69
1120 Montpelier St	0.57mi	3/2.0	1,260 (-4%)	2mo	$70,000	$56	61
2559 Garrett Ave	0.35mi	3/3.0	1,202 (-8%)	2mo	$205,000	$171	60
1017 Darley Ave	0.57mi	3/1.5	1,200 (-8%)	6mo	$175,000	$146	53
1313 E 35th St	0.63mi	3/2.0	1,216 (-7%)	3mo	$260,000	$214	52
831 E 33rd St	0.74mi	3/2.0	1,470 (+12%)	2mo	$300,000	$204	40

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 · 1.63% rent growth · sell at horizon

5-year hold

• IRR: 2.1%
• Equity multiple: 1.08×
• Total profit: $3,054
• Equity at exit: $20,874

10-year hold

• IRR: 10.3%
• Equity multiple: 1.75×
• Total profit: $29,343
• Equity at exit: $12,105

Cash invested: $39,200 (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 21218

• Rents YoY: 1.6%
• Active inventory: 325
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,773 high
• Mortgage (P&I): −$734
• Tax from tax record: −$167 /mo · $2,001/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$372
• Net cashflow: $442

Break-even live

Break-even rent $1,214

Max offer price $140,000

Occupancy floor 70%

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1802 E 28th St Baltimore, MD	3.0	1.0	1300	$1,600	$1.23	24d	1	0.16mi
1519 E 28th St Baltimore, MD	3.0	2.0	1100	$1,350	$1.23	44d	1	0.17mi
1832 E 28th St Baltimore, MD	3.0	1.0	1066	$1,495	$1.40	24d	1	0.19mi
1539 Abbotston St Baltimore, MD	3.0	2.0	1800	$1,995	$1.11	44d	1	0.21mi
1702 E 32nd St Baltimore, MD	3.0	2.0	1344	$2,300	$1.71	44d	1	0.34mi
2606 Cecil Ave Baltimore, MD	2.0	1.5	1200	$1,500	$1.25	44d	1	0.37mi
3213 The Alameda Baltimore, MD	2.0	1.0	1708	$1,295	$0.76	3d	1	0.41mi
1607 Cliftview Ave Baltimore, MD	3.0	1.0	1200	$1,475	$1.23	44d	1	0.52mi
2310 Aisquith St Baltimore, MD	4.0	3.0	900	$2,000	$2.22	4d	1	0.59mi
936 Montpelier St Baltimore, MD	2.0	1.0	1260	$1,450	$1.15	24d	1	0.66mi
1502 Fernley Rd Baltimore, MD	3.0	2.0	1350	$2,800	$2.07	44d	1	0.68mi
3222 Ellerslie Ave Baltimore, MD	4.0	1.5	1550	$1,950	$1.26	44d	1	0.75mi
1040 E 33rd St Baltimore, MD	1.0–2.0	1.0–2.0	775	$1,525	$1.97	3d	10	0.75mi
1814 E Lafayette Ave Baltimore, MD	4.0	2.0	1200	$1,995	$1.66	24d	1	0.76mi
2113 Belair Rd Baltimore, MD	3.0	1.0	1344	$1,795	$1.34	44d	1	0.78mi
1803 N Dallas St Baltimore, MD	2.0	2.5	1250	$2,100	$1.68	24d	1	0.82mi
1333 E North Ave Baltimore, MD	4.0	2.5	1860	$2,200	$1.18	24d	1	0.82mi
3213 Elmley Ave Baltimore, MD	2.0	1.0	1188	$1,395	$1.17	44d	1	0.83mi
1514 E Lafayette Ave Baltimore, MD	3.0	1.5	1215	$2,000	$1.65	24d	1	0.83mi
1512 E Lafayette Ave Baltimore, MD	3.0	2.5	1476	$1,950	$1.32	44d	1	0.83mi
3026 Mathews St Baltimore, MD	2.0	1.0	996	$1,350	$1.36	15d	1	0.84mi
3012 Mathews St Baltimore, MD	2.0	1.0	996	$1,100	$1.10	18d	1	0.84mi
3218 Lyndale Ave Baltimore, MD	3.0	1.5	1020	$1,500	$1.47	24d	1	0.84mi
1504 Upshire Rd Unit 1E Baltimore, MD	2.0	1.0	1000	$1,400	$1.40	44d	1	0.85mi
2311 E Lafayette Ave Baltimore, MD	3.0	1.0	1000	$1,400	$1.40	44d	1	0.85mi
3222 Lyndale Ave Unit 1 Baltimore, MD	3.0	1.5	1500	$2,200	$1.47	12d	1	0.85mi
519 E 28th St Baltimore, MD	3.0	2.0	1500	$2,000	$1.33	4d	1	0.86mi
3221 Lyndale Ave Baltimore, MD	2.0	2.0	1020	$1,700	$1.67	24d	1	0.86mi
1627 Rutland Ave Unit 1 Baltimore, MD	3.0	2.0	1200	$2,350	$1.96	44d	1	0.86mi
1627 Rutland Ave Baltimore, MD	3.0	2.0	1100	$1,950	$1.77	24d	1	0.86mi
1629 N Wolfe St Baltimore, MD	3.0	3.0	1561	$1,800	$1.15	24d	1	0.88mi
616 Montpelier St Baltimore, MD	3.0	1.0	1150	$1,750	$1.52	11d	1	0.88mi
3315 Lyndale Ave Baltimore, MD	2.0	1.5	896	$1,650	$1.84	18d	1	0.91mi
646 Cokesbury Ave Baltimore, MD	2.0	1.5	1200	$1,299	$1.08	44d	1	0.91mi
3317 Lyndale Ave Baltimore, MD	3.0	1.0	900	$1,300	$1.44	44d	1	0.91mi
3326 Elmora Ave Baltimore, MD	3.0	1.0	1200	$1,450	$1.21	24d	1	0.94mi
3335 Lyndale Ave Baltimore, MD	2.0	2.0	1344	$1,600	$1.19	24d	1	0.94mi
724 E 35th St Baltimore, MD	3.0	1.5	1368	$2,000	$1.46	15d	1	0.95mi
3322 Ravenwood Ave Baltimore, MD	3.0	2.0	932	$1,800	$1.93	24d	1	0.95mi
450 E Lorraine Ave Baltimore, MD	3.0	1.0	1344	$1,695	$1.26	44d	1	0.96mi

Listing history 28 events

1. 2026-06-18
   days on market $140,000 Active 185 DOM
2. 2026-06-17
   days on market $140,000 Active 184 DOM
3. 2026-06-16
   days on market $140,000 Active 183 DOM
4. 2026-06-15
   days on market $140,000 Active 182 DOM
5. 2026-06-13
   days on market $140,000 Active 180 DOM
6. 2026-06-09
   days on market $140,000 Active 176 DOM
7. 2026-06-08
   days on market $140,000 Active 175 DOM
8. 2026-06-07
   days on market $140,000 Active 174 DOM
9. 2026-06-04
   days on market $140,000 Active 171 DOM
10. 2026-06-03
    days on market $140,000 Active 170 DOM
11. 2026-06-02
    days on market $140,000 Active 169 DOM
12. 2026-06-01
    days on market $140,000 Active 168 DOM
13. 2026-05-31
    days on market $140,000 Active 167 DOM
14. 2026-02-23
    price $140,000 390-char remark

    Show marketing remark (390 chars)

    * NEW PRICE * Welcome home to this charming 3 bedroom rowhome in a very convenient location just steps from Harford Rd, Clifton Park, and Morgan State. The property is currently tenant occupied, has lead paint cert, and is a turnkey investment opportunity. It can be sold by itself, or part of a 2 property portfolio. Reach out to listing agent for information on the other 2 properties.

15. 2025-12-15
    listed $150,000 Active 390-char remark

    Show marketing remark (390 chars)

    * NEW PRICE * Welcome home to this charming 3 bedroom rowhome in a very convenient location just steps from Harford Rd, Clifton Park, and Morgan State. The property is currently tenant occupied, has lead paint cert, and is a turnkey investment opportunity. It can be sold by itself, or part of a 2 property portfolio. Reach out to listing agent for information on the other 2 properties.

16. 2021-08-12
    soldstatus $115,000
17. 2018-11-15
    soldstatus $19,800 Closed 263-char remark

    Show marketing remark (263 chars)

    PUBLIC ONSITE AUCTION: Thurs, Oct 18, 2018 @ 12:30pm. List Price is Suggested Opening Bid. 2 Story Townhome in Coldstream Homestead Montebello. Property is Vacant. 10% Buyer's Premium. Deposit $2,000. For full Terms and Conditions contact the auctioneer's office.

18. 2018-10-17
    status Pending 263-char remark

    Show marketing remark (263 chars)

    PUBLIC ONSITE AUCTION: Thurs, Oct 18, 2018 @ 12:30pm. List Price is Suggested Opening Bid. 2 Story Townhome in Coldstream Homestead Montebello. Property is Vacant. 10% Buyer's Premium. Deposit $2,000. For full Terms and Conditions contact the auctioneer's office.

19. 2018-09-20
    price $10,000 263-char remark

    Show marketing remark (263 chars)

    PUBLIC ONSITE AUCTION: Thurs, Oct 18, 2018 @ 12:30pm. List Price is Suggested Opening Bid. 2 Story Townhome in Coldstream Homestead Montebello. Property is Vacant. 10% Buyer's Premium. Deposit $2,000. For full Terms and Conditions contact the auctioneer's office.

20. 2018-08-22
    listed $15,000 Active 263-char remark

    Show marketing remark (263 chars)

    PUBLIC ONSITE AUCTION: Thurs, Oct 18, 2018 @ 12:30pm. List Price is Suggested Opening Bid. 2 Story Townhome in Coldstream Homestead Montebello. Property is Vacant. 10% Buyer's Premium. Deposit $2,000. For full Terms and Conditions contact the auctioneer's office.

21. 2016-03-09
    historical Withdrawn
22. 2016-03-09
    historical
23. 2015-12-24
    listed Active
24. 2015-12-24
    listed $20,000
25. 2006-07-13
    soldstatus $42,000
26. 2006-06-19
    soldstatus $42,000
27. 2006-05-31
    historical
28. 2006-05-19
    listed $39,990

ⓘ 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: $2,001 · $167/mo
• Projected year-2 tax: $2,001 · $167/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 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: $21,280
• − Mortgage interest: −$7,842
• − Property taxes: −$2,001
• − Insurance: −$700
• − Repairs & maintenance: −$1,702
• − Management: −$1,702
• − Depreciation: −$4,073
• Taxable income: $3,259
• Est. tax owed @ 24.0%: −$782
• After-tax cash flow: $4,518/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): 44,014
• Household income: $62,488
• Rent vs Own: 51.9% rent · 48.1% own
• Severe rent burden: 2564.0

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 0.58)
• Race & ethnicity: Black 60% White 26% Two or more races 6% Hispanic / Latino 5% Asian 5%
• Common ancestry: Romanian 2% Italian 1% Scotch-Irish 1%
• Foreign-born: 10% · Canada, China, South Korea
• Languages at home: 87% English-only · Spanish 4% French/Haitian/Cajun 2% Chinese 2%

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: ▼ -463.14%
• Current HPI: 292.3986
• Rent YoY: ▲ 1.63%
• 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

+250.1% since first listed

15 events — show timeline

• 2026-02-23 Price Changed $140,000 BRIGHT MLS
• 2025-12-15 Listed $150,000 BRIGHT MLS
• 2021-08-12 Sold (Public Records) $115,000 Public Records
• 2018-11-15 Sold (MLS) $19,800 BRIGHT MLS
• 2018-10-17 Pending — BRIGHT MLS
• 2018-09-20 Price Changed $10,000 BRIGHT MLS
• 2018-08-22 Listed $15,000 BRIGHT MLS
• 2016-03-09 Listing Removed — BRIGHT MLS
• 2016-03-09 Delisted — MRIS
• 2015-12-24 Listed — MRIS
• 2015-12-24 Listed $20,000 BRIGHT MLS
• 2006-07-13 Sold (Public Records) $42,000 Public Records
• 2006-06-19 Sold (MLS) $42,000 MRIS
• 2006-05-31 Delisted — MRIS
• 2006-05-19 Listed $39,990 MRIS

Property tax history

+8.2%/yr

Latest (2025): $2,001 · +37.9% YoY. Source: county tax records.