1810 N Washington St · Baltimore, MD 21213

$69,900

3 bd · 2.0 ba · 892 sqft · Townhouse public records · 21 Days on market

Built 1913 Fair condition 436 sqft lot $78/sqft · 33% below area

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +4.7/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.2/5.0
• Schools +0.4/10.0

Listing remarks

Back on the market, buyer didnt' perform. Discover a prime investment opportunity in the heart of Broadway East! this property is perfect for rental income or a flip. The partially finished basement provides additional space for expansion or storage, enhancing its value. Situated on a compact lot, maintenance is minimal, allowing for a focus on maximizing returns. Investors will appreciate the potential for appreciation in this up-and-coming area, making it an ideal addition to any portfolio. With no HOA fees to worry about, your cash flow remains strong. Don't miss out on this opportunity to capitalize on a property with solid bones and endless possibilities!

Key facts

• No hoa fees
• Built 1913
• Listed 21 days

Tags

• INVESTMENT OPPORTUNITY
• PARTIALLY FINISHED BASEMENT
• NO HOA FEES

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $70k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $968 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $70k).
• Recommended offer: $69k (1.5% below list) — sets the bar for market timing.
• Cap rate 22.9% vs local median 5.9% 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: 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); Vanguard Collegiate Middle (math 3% / reading 15%, grade F, #212 of 225 statewide, top 95%, 343 students, 84% FRL); Baltimore Polytechnic Institute (math 71% / reading 84%, grade A-, #22 of 222 statewide, top 10%, 1,555 students, 43% FRL).
• Zoned-school proficiency averages 32% at this address vs 12% district-wide (+20 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 (+5.2%/yr); 483 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 88d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 72% 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 44% of the median local income ($51k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $86 of equity ($483 loan paydown + $-397 appreciation (-0.6% local appreciation)).
• Baltimore County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-0.6% appreciation + 5.2% rent growth), your $20k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($69k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1913 — 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 $68,851 (1.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1913 — 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: 2.68% ✓
• Cap rate: 22.91%
• Cash-on-cash: 59.35%
• DSCR: 3.64
• GRM: 3.1

CMA / ARV

• ARV (median comp): $154,948
• List price: $69,900
• Delta: -54.89%
• 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
1731 Cliftview Ave	0.29mi	4/2.0 (+1)	965 (+8%)	2mo	$135,000	$140	66
1504 N Washington St	0.24mi	3/1.5	1,000 (+12%)	0mo	$45,000	$45	66
2202 Prentiss Pl	0.61mi	2/2.0 (-1)	900 (+1%)	5mo	$160,000	$178	61
1532 N Patterson Park Ave	0.32mi	3/2.0	984 (+10%)	9mo	$199,000	$202	61
3205 Ravenwood Ave	0.71mi	3/1.0	896 (+0%)	9mo	$58,500	$65	55
1414 N Milton Ave	0.49mi	3/1.0	940 (+5%)	11mo	$70,000	$74	54
3215 Elmora Ave	0.74mi	4/1.5 (+1)	896 (+0%)	8mo	$115,000	$128	51
1423 E Lanvale St	0.48mi	4/2.0 (+1)	1,000 (+12%)	6mo	$77,750	$78	47
2709 E Hoffman St	0.67mi	2/1.0 (-1)	840 (-6%)	4mo	$115,000	$137	47
1704 Montpelier St	0.64mi	3/1.0	1,000 (+12%)	0mo	$90,000	$90	46
2624 E Hoffman St	0.61mi	2/1.5 (-1)	1,000 (+12%)	0mo	$81,500	$82	44
1209 E Federal St	0.64mi	3/1.0	850 (-5%)	17mo	$55,000	$65	44

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-0.57% appreciation · 5.25% rent growth · sell at horizon

5-year hold

• IRR: 63.0%
• Equity multiple: 4.18×
• Total profit: $62,147
• Equity at exit: $18,334

10-year hold

• IRR: 66.3%
• Equity multiple: 9.15×
• Total profit: $159,477
• Equity at exit: $20,527

Cash invested: $19,572 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 38 active · 27 under contract
• Months of supply: 9.9 mo (10%/mo absorbed)
• Median asking: $119,500 ($123/sqft)
• Median days on market: 90 d
• This list price: 16% of active listings are priced below it
• ARV vs active asking: +41.7% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 21213

• Home prices YoY: -0.1%
• Rents YoY: 5.2%
• Active inventory: 483
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $1,875 high
• Mortgage (P&I): −$367
• Tax from tax record: −$117 /mo · $1,409/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$394
• Net cashflow: $968

Break-even live

Break-even rent $650

Max offer price $69,900

Occupancy floor 43%

Sensitivity live

Price	-10% $1,008	-5% $988	+0% $968	+5% $948	+10% $928
Rent	-10% $820	-5% $894	+0% $968	+5% $1,042	+10% $1,116
Rate	-1.0pp $1,003	-0.5pp $986	base $968	+0.5pp $950	+1.0pp $931

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: $17,475
• Closing costs: $2,097
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1627 Rutland Ave Baltimore, MD	3.0	2.0	1100	$1,950	$1.77	119d	1	0.14mi
1619 Rutland Ave Baltimore, MD	2.0	1.0	1100	$1,900	$1.73	4d	1	0.14mi
1825 E Federal St Baltimore, MD	2.0	1.0	630	$1,750	$2.78	0d	1	0.18mi
2130 E Federal St Baltimore, MD	2.0	2.0	1000	$2,000	$2.00	24d	1	0.26mi
2311 E Lafayette Ave Baltimore, MD	3.0	1.0	1000	$1,400	$1.40	139d	1	0.32mi
1737 N Dallas St Unit 1 Baltimore, MD	2.0	1.0	692	$1,352	$1.95	93d	1	0.36mi
2410 E Federal St Baltimore, MD	4.0	2.0	720	$2,200	$3.06	119d	1	0.40mi
2221 E Preston St Baltimore, MD	2.0	1.0	658	$1,200	$1.82	119d	1	0.45mi
1120 Rutland Ave Baltimore, MD	2.0	2.5	1100	$2,900	$2.64	29d	1	0.49mi
1118 Rutland Ave Baltimore, MD	2.0	2.0	900	$2,700	$3.00	29d	1	0.50mi
1416 N Milton Ave Baltimore, MD	3.0	1.5	1021	$2,300	$2.25	56d	1	0.50mi
1607 Hakesley Pl Baltimore, MD	3.0	1.0	720	$1,400	$1.94	139d	1	0.51mi
2310 Aisquith St Baltimore, MD	4.0	3.0	900	$2,000	$2.22	100d	1	0.58mi
2709 E Hoffman St Baltimore, MD	2.0	1.0	840	$1,600	$1.90	82d	1	0.68mi
1923 Ashland Ave Unit 401 Baltimore, MD	2.0	2.0	850	$1,795	$2.11	116d	1	0.73mi
1323 N Kenwood Ave Unit 1 Baltimore, MD	2.0	1.5	1060	$1,250	$1.18	88d	1	0.74mi
1101 Somerset St Baltimore, MD	3.0	2.0	950	$1,850	$1.95	85d	1	0.77mi
1219 E Chase St Baltimore, MD	2.0	1.0	1029	$1,900	$1.85	7d	1	0.78mi
1010 N Central Ave Baltimore, MD	2.0	1.0	1023	$1,650	$1.61	88d	1	0.79mi
1010 N Central Ave Baltimore, MD	2.0	1.0	1023	$1,650	$1.61	119d	1	0.79mi
3221 Lyndale Ave Baltimore, MD	2.0	2.0	1020	$1,650	$1.62	84d	1	0.80mi
3218 Lyndale Ave Baltimore, MD	3.0	1.5	1020	$1,500	$1.47	119d	1	0.80mi
821 N Bradford St Baltimore, MD	2.0	2.0	1083	$1,650	$1.52	56d	1	0.81mi
821 N Bradford St Unit 2 Baltimore, MD	3.0	2.0	1083	$2,500	$2.31	60d	1	0.81mi
2728 E Chase St Baltimore, MD	3.0	2.0	1100	$1,800	$1.64	29d	1	0.81mi
802 N Broadway #1 Baltimore, MD	2.0	1.0	1120	$1,700	$1.52	10d	1	0.81mi
802 N Broadway #1 Baltimore, MD	2.0	1.0	1120	$1,700	$1.52	88d	1	0.81mi
712 N Duncan St Baltimore, MD	2.0	1.5	1000	$2,000	$2.00	139d	1	0.83mi
931 N Central Ave Baltimore, MD	3.0	1.0	1085	$1,400	$1.29	119d	1	0.84mi
3322 Ravenwood Ave Baltimore, MD	3.0	2.0	932	$1,800	$1.93	119d	1	0.84mi
3315 Lyndale Ave Baltimore, MD	2.0	1.5	896	$1,650	$1.84	113d	1	0.85mi
3317 Lyndale Ave Baltimore, MD	3.0	1.0	900	$1,300	$1.44	139d	1	0.86mi
3343 Ravenwood Ave Unit 3343 Baltimore, MD	2.0	2.0	948	$1,855	$1.96	113d	1	0.86mi
3302 Elmley Ave Baltimore, MD	3.0	1.0	896	$1,580	$1.76	10d	1	0.86mi
3339 Elmora Ave Baltimore, MD	3.0	2.0	896	$1,600	$1.79	67d	1	0.87mi
3326 Lyndale Ave Baltimore, MD	3.0	1.0	896	$1,500	$1.67	10d	1	0.88mi
1519 E 28th St Baltimore, MD	3.0	2.0	1100	$1,350	$1.23	139d	1	0.89mi
2506 E Madison St Baltimore, MD	3.0	1.0	546	$1,750	$3.21	10d	1	0.90mi
720 N Port St Baltimore, MD	2.0	1.0	950	$1,300	$1.37	139d	1	0.90mi
1832 E 28th St Baltimore, MD	3.0	1.0	1066	$1,495	$1.40	119d	1	0.90mi

Property features AI

Finance

• Other: Vacation rental permitted

Exterior

• Parking: On-street parking
• Utilities: Public waterPublic sewer
• Home design: Interior townhouse/rowhouseFee simple ownership
• Construction: Brick constructionBrick/mortar and block foundationAbove-grade and below-grade structuresEstimated year built
• Exterior features: No tidal water

Interior

• Bedrooms: Three bedrooms on the first upper level
• Bathrooms: One full bathroom (all upper levels)One half bathroom (lower level)
• Heating & cooling: Radiator heatNatural gas heating fuelElectric hot water
• Interior features: Partially finished basementEstimated living area

Listing history 20 events

1. 2026-09-05
   days on market $69,900 Active 21 DOM
2. 2026-09-04
   days on market $69,900 Active 20 DOM
3. 2026-09-03
   remarks 668-char remark
4. 2026-09-03
   statusdays on market $69,900 Active 19 DOM
5. 2026-08-03
   statusdays on market $69,900 Pending 17 DOM
6. 2026-08-01
   status $69,900 Active 14 DOM
7. 2026-07-15
   status $69,900 Active Under Contract 14 DOM
8. 2026-07-14
   days on market $69,900 Active 14 DOM
9. 2026-07-13
   days on market $69,900 Active 13 DOM
10. 2026-07-13
    days on market $69,900 Active 12 DOM
11. 2026-07-11
    days on market $69,900 Active 11 DOM
12. 2026-07-10
    days on market $69,900 Active 10 DOM
13. 2026-07-09
    days on market $69,900 Active 9 DOM
14. 2026-07-07
    days on market $69,900 Active 7 DOM
15. 2026-07-06
    days on market $69,900 Active 6 DOM
16. 2026-07-05
    days on market $69,900 Active 5 DOM
17. 2026-07-03
    days on market $69,900 Active 3 DOM
18. 2026-07-02
    days on market $69,900 Active 2 DOM
19. 2026-06-30
    remarks 626-char remark
20. 2026-06-30
    listed $69,900 Active 1 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: $1,409 · $117/mo
• Projected year-2 tax: $1,409 · $117/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: $22,498
• − Mortgage interest: −$3,915
• − Property taxes: −$1,409
• − Insurance: −$350
• − Repairs & maintenance: −$1,800
• − Management: −$1,800
• − Depreciation: −$2,033
• Taxable income: $11,190
• Est. tax owed @ 24.0%: −$2,686
• After-tax cash flow: $8,930/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.

Condition & rehab AI · 3 photos

Fair 45/100 Moderate rehab Est. rehab $22,300–$40,140 screening

This townhouse presents a moderate renovation opportunity with average exterior condition. Painting and roof inspection are recommended to enhance its value and curb appeal.

Deferred maintenance Est. $40,000–$120,000 screening

• Major Roof (roof) — The roof appears to be old and weathered, indicating potential structural issues.
• Major Windows (windows) — The windows seem to be old and possibly in need of replacement.
• Major Electrical (electrical) — The electrical panel may be outdated and require an upgrade.
• Major Plumbing (plumbing) — The exterior plumbing may be old and in need of repair or replacement.

Repairs flagged

• Minor Driveway — Concrete appears cracked
• Minor Sidewalk — Concrete appears cracked

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and value ↑
• Both Inspect and repair roof — Prevents water damage and enhances value ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 4/100

Zoned Schools

Elementary Harford Heights Elementary F MD #826/860 Nat'l #41,309/41,679 Middle Stadium School F MD #222/225 Nat'l #13,801/14,009 High The Reach! Partnership School F MD #208/222 Nat'l #16,861/17,239

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

B Composite livability gradescore 76/100

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 · 624,249 people
• City population: 588,727
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 28,058
• Household income: $51,344
• Rent vs Own: 48.0% rent · 52.0% own
• Severe rent burden: 23% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (86%)
• Race & ethnicity: Black 86% White 6% Hispanic / Latino 4% Two or more races 3%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3%

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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: ▼ -0.57%
• Current HPI: 427.4453
• Rent YoY: ▲ 5.25%
• Metro: Baltimore-Columbia-Towson, MD
• State GDP YoY: ▲ 2.97%
• F500 in state: 12

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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

Property features AI

Finance

• Other: Vacation rental permitted

Exterior

• Parking: On-street parking
• Utilities: Public waterPublic sewer
• Home design: Interior townhouse/rowhouseFee simple ownership
• Construction: Brick constructionBrick/mortar and block foundationAbove-grade and below-grade structuresEstimated year built
• Exterior features: No tidal water

Interior

• Bedrooms: Three bedrooms on the first upper level
• Bathrooms: One full bathroom (all upper levels)One half bathroom (lower level)
• Heating & cooling: Radiator heatNatural gas heating fuelElectric hot water
• Interior features: Partially finished basementEstimated living area

Price history

1 event — show timeline

• 2026-06-30 Listed $69,900 BRIGHT MLS

Property tax history

+9.0%/yr

Latest (2025): $1,409 · +20.0% YoY. Source: county tax records.