313 Gwynn Ave · Baltimore, MD 21229

$185,000

3 bd · 1.5 ba · 1,855 sqft · Townhouse public records · 185 Days on market

Built 1920 1,306 sqft lot $100/sqft · 8% below area Est $202k · 8% 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 +22.1/30.0
• ARV discount +11.2/15.0
• DSCR +7.1/10.0
• 1% rule +6.0/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautifully renovated WITH PERMITS ! 3 generously sized bedrooms with ample closet space. Main level powder room, Gourmet kitchen, spacious back yard, full basement , off street parking. All you have to do is MOVE IN ! What more can you ask for ?

Key facts

• Half bath
• Gourmet kitchen
• Fenced rear yard

Tags

• GOURMET KITCHEN
• FENCED REAR YARD
• HALF BATH
• FULL UNFINISHED BASEMENT
• STYLISH FLOORING

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $185k.

Deal economics

• At list price, monthly cash flow is $298 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $185k).
• Recommended offer: $163k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.2% 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 (+5.4%/yr); 252 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); 42% 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 41% of the median local income ($60k/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 $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.
• At projected returns (-3.0% appreciation + 5.4% rent growth), your $52k 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 ($163k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 23y ago; this cycle's ask is 3% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

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 $162,800 (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 1920 — 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: 1.10% ✓
• Cap rate: 8.23%
• Cash-on-cash: 6.90%
• DSCR: 1.31
• GRM: 7.6

CMA / ARV

• ARV (median comp): $201,500
• List price: $185,000
• Delta: -8.19%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
120 Allendale St	0.27mi	3/2.0	1,728 (-7%)	2mo	$225,000	$130	72
12 N Rosedale St	0.39mi	3/1.5	1,740 (-6%)	0mo	$160,000	$92	71
635 N Rosedale St	0.41mi	3/3.5	1,867 (+1%)	3mo	$230,000	$123	69
3410 W Franklin St	0.16mi	3/3.0	2,040 (+10%)	2mo	$213,580	$105	68
428 N Hilton St	0.13mi	3/1.0	1,578 (-15%)	3mo	$64,000	$41	65
327 Lyndhurst St	0.37mi	4/2.5 (+1)	1,953 (+5%)	4mo	$216,000	$111	62
900 N Franklintown Rd	0.55mi	3/2.0	1,764 (-5%)	3mo	$80,000	$45	62
743 Linnard St	0.39mi	4/2.0 (+1)	1,693 (-9%)	1mo	$199,000	$118	59
414 Normandy Ave	0.45mi	4/3.5 (+1)	1,976 (+6%)	1mo	$255,000	$129	54
704 Mount Holly St	0.47mi	4/3.0 (+1)	2,040 (+10%)	2mo	$230,000	$113	48
3904 Woodridge Rd	0.64mi	3/1.0	1,650 (-11%)	3mo	$215,000	$130	47
720 N Augusta Ave	0.74mi	4/2.0 (+1)	2,100 (+13%)	3mo	$248,000	$118	34

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 · 5.38% rent growth · sell at horizon

5-year hold

• IRR: -3.0%
• Equity multiple: 0.88×
• Total profit: $-5,976
• Equity at exit: $27,584

10-year hold

• IRR: 9.2%
• Equity multiple: 1.79×
• Total profit: $40,889
• Equity at exit: $15,995

Cash invested: $51,800 (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 21229

• Rents YoY: 5.4%
• Active inventory: 252
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $2,032 high
• Mortgage (P&I): −$970
• Tax from tax record: −$260 /mo · $3,125/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$427
• Net cashflow: $298

Break-even live

Break-even rent $1,655

Max offer price $185,000

Occupancy floor 80%

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
405 N Edgewood St Baltimore, MD	4.0	2.0	1408	$2,950	$2.10	4d	1	0.14mi
202 N Edgewood St Baltimore, MD	3.0	2.0	1710	$2,250	$1.32	24d	1	0.17mi
3423 Edmondson Ave Baltimore, MD	2.0	1.5	1400	$1,710	$1.22	43d	1	0.22mi
3324 Edmondson Ave Baltimore, MD	3.0	2.5	2300	$1,995	$0.87	22d	1	0.23mi
3507 Edmondson Ave Baltimore, MD	4.0	2.0	1428	$2,300	$1.61	43d	1	0.25mi
3619 Edmondson Ave Baltimore, MD	4.0	3.5	1962	$2,800	$1.43	43d	1	0.31mi
3706 W Saratoga St Unit 1 Baltimore, MD	2.0	1.0	1540	$1,350	$0.88	43d	1	0.32mi
3336 W Caton Ave Baltimore, MD	3.0	2.0	1236	$1,625	$1.31	24d	1	0.33mi
623 N Grantley St Baltimore, MD	4.0	2.0	1250	$2,000	$1.60	24d	1	0.35mi
730 Linnard St Unit 1 Baltimore, MD	4.0	1.0	1360	$1,750	$1.29	24d	1	0.38mi
409 Normandy Ave Baltimore, MD	4.0	1.0	1640	$1,500	$0.91	24d	1	0.45mi
2922 Edmondson Ave Baltimore, MD	3.0	2.0	1620	$1,900	$1.17	43d	1	0.47mi
798 N Grantley St Baltimore, MD	3.0	2.0	1360	$2,295	$1.69	24d	1	0.47mi
3712 Gelston Dr Baltimore, MD	3.0	2.0	1250	$2,500	$2.00	24d	1	0.47mi
3700 Woodridge Rd Baltimore, MD	3.0	1.5	1955	$1,950	$1.00	43d	1	0.55mi
4020 Gelston Dr Baltimore, MD	3.0	2.0	1270	$1,875	$1.48	43d	1	0.64mi
117 Collins Ave Baltimore, MD	3.0	3.0	1617	$2,350	$1.45	43d	1	0.70mi
2636 Lauretta Ave Baltimore, MD	3.0	2.5	1232	$1,900	$1.54	43d	1	0.71mi
3238 Westmont Ave Baltimore, MD	3.0	1.0	1280	$1,600	$1.25	43d	1	0.71mi
212 S Loudon Ave Baltimore, MD	3.0	1.5	1310	$1,550	$1.18	43d	1	0.73mi
2609 Lauretta Ave Baltimore, MD	3.0	1.0	1286	$1,675	$1.30	24d	1	0.74mi
2744 W Mosher St Baltimore, MD	4.0	2.0	1412	$2,100	$1.49	24d	1	0.80mi
2806 Riggs Ave Baltimore, MD	3.0	2.5	1412	$1,900	$1.35	3d	1	0.82mi
4113 Mountwood Rd Baltimore, MD	3.0	1.0	1520	$1,795	$1.18	43d	1	0.92mi
2728 Winchester St Baltimore, MD	3.0	1.5	1260	$1,800	$1.43	3d	1	0.92mi
4227 Euclid Ave Unit B Baltimore, MD	2.0	1.0	2200	$1,050	$0.48	43d	1	0.93mi
1402 Poplar Grove St Baltimore, MD	4.0	1.5	1540	$800	$0.52	43d	1	0.96mi
3003 Presstman St Unit 1 Baltimore, MD	2.0	2.0	1450	$1,400	$0.97	44d	1	0.96mi
3003 Presstman St Unit 2 Baltimore, MD	2.0	1.0	1450	$1,300	$0.90	24d	1	0.96mi
1513 N Ellamont St Baltimore, MD	3.0	1.0	1700	$1,700	$1.00	24d	1	0.96mi
110 S Catherine St Unit 1 Baltimore, MD	2.0	1.0	1330	$1,500	$1.13	43d	1	0.98mi
1530 N Rosedale St Baltimore, MD	3.0	2.0	1641	$1,895	$1.15	15d	1	1.01mi
2800 Presstman St Baltimore, MD	3.0	2.5	1460	$1,799	$1.23	24d	1	1.07mi
1633 N Hilton St Baltimore, MD	4.0	2.5	1920	$2,600	$1.35	18d	1	1.09mi
39 N Bentalou St Baltimore, MD	3.0	2.5	1844	$1,700	$0.92	3d	1	1.10mi
2303 Calverton Heights Ave Baltimore, MD	4.0	2.0	1314	$2,250	$1.71	24d	1	1.12mi
2232 W Baltimore St Baltimore, MD	3.0	1.0	1250	$1,875	$1.50	24d	1	1.12mi
918 N Bentalou St Baltimore, MD	3.0	1.5	1485	$1,750	$1.18	43d	1	1.17mi
2737 Wilkens Ave Baltimore, MD	3.0	1.5	1232	$1,650	$1.34	4d	1	1.18mi
2509 Christian St Baltimore, MD	4.0	2.0	1248	$1,699	$1.36	3d	1	1.23mi

Listing history 28 events

1. 2026-06-18
   days on market $185,000 Active 185 DOM
2. 2026-06-17
   days on market $185,000 Active 184 DOM
3. 2026-06-16
   days on market $185,000 Active 183 DOM
4. 2026-06-15
   days on market $185,000 Active 182 DOM
5. 2026-06-13
   days on market $185,000 Active 180 DOM
6. 2026-06-09
   days on market $185,000 Active 176 DOM
7. 2026-06-08
   days on market $185,000 Active 175 DOM
8. 2026-06-07
   days on market $185,000 Active 174 DOM
9. 2026-06-04
   days on market $185,000 Active 171 DOM
10. 2026-06-03
    days on market $185,000 Active 170 DOM
11. 2026-06-02
    days on market $185,000 Active 169 DOM
12. 2026-06-01
    days on market $185,000 Active 168 DOM
13. 2026-05-31
    days on market $185,000 Active 167 DOM
14. 2026-05-18
    historical
15. 2026-03-03
    status Active
16. 2026-02-15
    status Pending
17. 2025-11-19
    listed $179,500 Active
18. 2023-08-09
    soldstatus $175,000
19. 2023-06-23
    soldstatus $175,000 Closed 246-char remark

    Show marketing remark (246 chars)

    Beautifully renovated WITH PERMITS ! 3 generously sized bedrooms with ample closet space. Main level powder room, Gourmet kitchen, spacious back yard, full basement , off street parking. All you have to do is MOVE IN ! What more can you ask for ?

20. 2023-06-15
    status Pending 246-char remark

    Show marketing remark (246 chars)

    Beautifully renovated WITH PERMITS ! 3 generously sized bedrooms with ample closet space. Main level powder room, Gourmet kitchen, spacious back yard, full basement , off street parking. All you have to do is MOVE IN ! What more can you ask for ?

21. 2023-05-15
    historical 246-char remark

    Show marketing remark (246 chars)

    Beautifully renovated WITH PERMITS ! 3 generously sized bedrooms with ample closet space. Main level powder room, Gourmet kitchen, spacious back yard, full basement , off street parking. All you have to do is MOVE IN ! What more can you ask for ?

22. 2023-05-03
    listed $164,900 Active 246-char remark

    Show marketing remark (246 chars)

    Beautifully renovated WITH PERMITS ! 3 generously sized bedrooms with ample closet space. Main level powder room, Gourmet kitchen, spacious back yard, full basement , off street parking. All you have to do is MOVE IN ! What more can you ask for ?

23. 2012-08-29
    historical Withdrawn
24. 2012-08-28
    historical
25. 2012-07-30
    listed Active
26. 2012-07-30
    listed $65,000
27. 2004-03-01
    historical
28. 2003-10-13
    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: $3,125 · $260/mo
• Projected year-2 tax: $3,125 · $260/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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,388
• − Mortgage interest: −$10,363
• − Property taxes: −$3,125
• − Insurance: −$925
• − Repairs & maintenance: −$1,951
• − Management: −$1,951
• − Depreciation: −$5,382
• Taxable income: $691
• Est. tax owed @ 24.0%: −$166
• After-tax cash flow: $3,409/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): 46,679
• Household income: $60,047
• Rent vs Own: 43.1% rent · 56.9% own
• Severe rent burden: 2776.0

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 (73%)
• Race & ethnicity: Black 73% White 15% Hispanic / Latino 6% Two or more races 4% Asian 3%
• Common ancestry: Lithuanian 1% Romanian 1% Serbian 1%
• Foreign-born: 5% · Canada, Philippines
• Languages at home: 91% English-only · Spanish 4% Other Indo-European 2% Other Asian/Pacific 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: ▼ -259.07%
• Current HPI: 226.896
• Rent YoY: ▲ 5.38%
• 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

+176.2% since first listed

15 events — show timeline

• 2026-05-18 Listing Removed — BRIGHT MLS
• 2026-03-03 Relisted — BRIGHT MLS
• 2026-02-15 Pending — BRIGHT MLS
• 2025-11-19 Listed $179,500 BRIGHT MLS
• 2023-08-09 Sold (Public Records) $175,000 Public Records
• 2023-06-23 Sold (MLS) $175,000 BRIGHT MLS
• 2023-06-15 Pending — BRIGHT MLS
• 2023-05-15 Listing Removed — BRIGHT MLS
• 2023-05-03 Listed $164,900 BRIGHT MLS
• 2012-08-29 Delisted — MRIS
• 2012-08-28 Listing Removed — BRIGHT MLS
• 2012-07-30 Listed — MRIS
• 2012-07-30 Listed $65,000 BRIGHT MLS
• 2004-03-01 Delisted — MRIS
• 2003-10-13 Listed — MRIS

Property tax history

+4.1%/yr

Latest (2025): $3,125 · +23.5% YoY. Source: county tax records.