2214 Wilkens Ave · Baltimore, MD 21223

$139,000

3 bd · 1.0 ba · 860 sqft · Townhouse public records · 17 Days on market

Built 1920 1,307 sqft lot

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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 +28.2/30.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +6.7/10.0
• Rent growth +4.4/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

This well-maintained three-story row-home in Carrollton Ridge is ready for its next chapter. Previously used as a rental property for many years, $1300/month, the home has received a number of recent updates while still offering opportunity for the new owner to add their personal touch. The main level features a spacious living room, formal dining area, and a functional kitchen with updated appliances. Upstairs you’ll find three generously sized bedrooms and a full bathroom that has been recently renovated. Other improvements include brand-new carpet, freshly stained hardwood floors, and new windows throughout for better natural light and energy efficiency. Priced to reflect the remai

Key facts

• Updated appliances
• Renovated bathroom
• New windows

Tags

• RENOVATED BATHROOM
• UPDATED APPLIANCES
• NEW WINDOWS
• CLOSE PROXIMITY TO BWI AIRPORT
• CLOSE PROXIMITY TO UMBC
• CLOSE PROXIMITY TO PARKS

Property features AI

Finance

• Other: Fee simple ownership interest noted; Property in city limits (Baltimore City)

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas for heat and hot water
• Home design: Interior townhouse/rowhouse; Fee simple ownership; Effective remodel year 2025; Year built source: Assessor
• Construction: Brick construction; Permanent foundation; Above grade and below grade structures; Below-grade area approximately 430 (unfinished); Above-grade finished area approximately 860
• Exterior features: Sidewalks; Not in a federal flood zone

Interior

• Kitchen: Galley layout
• Bedrooms: 3 bedrooms on main level
• Bathrooms: 1 full bathroom on main level; 1 full bathroom total
• Heating & cooling: Forced air heating; Natural gas heating; Natural gas hot water
• Interior features: Galley kitchen; Basement present (other type)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $139k.

Deal economics

• At list price, monthly cash flow is $441 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $139k).
• Recommended offer: $137k (1.5% 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 fast (+7.5%/yr); 425 active listings in the ZIP; 37 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 43% of the median local income ($46k/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 $961 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 + 7.5% rent growth), your $39k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($137k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 21y 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 $65k; list at $139k implies a 114% 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 $136,915 (1.5% 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. 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.
6. 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.
7. 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: 1.17% ✓
• Cap rate: 10.10%
• Cash-on-cash: 13.59%
• DSCR: 1.60
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $30,960
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2214 Wilkens Ave	0.00mi	3/1.0	860 (0%)	9mo	$65,000	$76	93
534 S Smallwood St	0.02mi	3/1.0	912 (+6%)	9mo	$39,900	$44	82
308 S Payson St	0.25mi	3/1.0	894 (+4%)	7mo	$25,000	$28	76
420 S Smallwood St	0.11mi	3/3.5	910 (+6%)	4mo	$100,000	$110	71
419 Furrow St	0.12mi	3/1.0	980 (+14%)	6mo	$41,000	$42	66
2637 Dulany St	0.36mi	3/1.0	972 (+13%)	6mo	$35,000	$36	57
1829 Eagle St	0.28mi	3/1.0	980 (+14%)	9mo	$22,000	$22	56
2659 Lehman St	0.40mi	2/1.5 (-1)	960 (+12%)	8mo	$124,000	$129	48
1612 Lemmon St	0.56mi	2/1.0 (-1)	744 (-14%)	1mo	$20,000	$27	46
1610 Lemmon St	0.56mi	2/1.0 (-1)	744 (-14%)	1mo	$20,000	$27	46
1608 Lemmon St	0.56mi	2/1.0 (-1)	744 (-14%)	1mo	$20,000	$27	46
1606 Lemmon St	0.57mi	2/1.0 (-1)	744 (-14%)	1mo	$20,000	$27	46

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: 8.3%
• Equity multiple: 1.34×
• Total profit: $13,245
• Equity at exit: $20,725

10-year hold

• IRR: 20.8%
• Equity multiple: 3.12×
• Total profit: $82,380
• Equity at exit: $12,018

Cash invested: $38,920 (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: 7.1×

Monthly cashflow live

• Estimated rent: $1,632 high
• Mortgage (P&I): −$729
• Tax from tax record: −$62 /mo · $744/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$343
• Net cashflow: $441

Break-even live

Break-even rent $1,074

Max offer price $139,000

Occupancy floor 68%

Sensitivity live

Price	-10% $519	-5% $480	+0% $441	+5% $401	+10% $362
Rent	-10% $312	-5% $376	+0% $441	+5% $505	+10% $570
Rate	-1.0pp $511	-0.5pp $476	base $441	+0.5pp $405	+1.0pp $368

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2540 Frederick Ave Baltimore, MD	3.0	1.0	1075	$1,400	$1.30	24d	1	0.34mi
332 S Franklintown Rd Unit 2 Baltimore, MD	2.0	1.0	776	$795	$1.02	24d	1	0.39mi
2657 Lehman St Unit 1 Baltimore, MD	2.0	1.0	1056	$1,000	$0.95	44d	1	0.40mi
2516 Hollins St Baltimore, MD	3.0	2.0	1100	$1,700	$1.55	44d	1	0.52mi
1918 W Baltimore St Baltimore, MD	2.0–3.0	1.0–2.0	857	$1,434	$1.67	44d	1	0.54mi
62 N Gorman Ave Baltimore, MD	3.0	2.0	1100	$2,500	$2.27	18d	1	0.58mi
1601 Frederick Ave Unit 3 Baltimore, MD	2.0	1.0	1050	$1,050	$1.00	5d	1	0.67mi
305 S Calhoun St Baltimore, MD	2.0	1.0	1000	$1,300	$1.30	22d	1	0.68mi
1324 W Lombard St Unit 1 Baltimore, MD	2.0	2.0	1100	$1,500	$1.36	24d	1	0.76mi
1324 W Lombard St Unit 2 Baltimore, MD	2.0	1.5	1100	$1,450	$1.32	44d	1	0.76mi
1315 Hollins St Unit 2 Baltimore, MD	3.0	2.0	1096	$1,950	$1.78	13d	1	0.79mi
1315 Hollins St Unit 2 Baltimore, MD	3.0	2.0	1096	$1,860	$1.70	5d	1	0.79mi
1432 Carroll St Baltimore, MD	2.0	1.5	912	$1,900	$2.08	44d	1	0.80mi
1215 James St Baltimore, MD	2.0	1.0	960	$1,500	$1.56	44d	1	0.85mi
48 S Carrollton Ave Unit 4 Baltimore, MD	2.0	1.0	670	$1,600	$2.39	44d	1	0.88mi
1142 Sargeant St Baltimore, MD	3.0	2.0	1080	$1,601	$1.48	3d	1	0.93mi
1931 Griffis Ave Baltimore, MD	2.0	1.0	912	$1,349	$1.48	5d	1	0.93mi
1160 Washington Blvd Baltimore, MD	2.0	1.0	960	$1,575	$1.64	24d	1	0.93mi
1163 Washington Blvd Baltimore, MD	2.0	2.5	1012	$1,700	$1.68	13d	1	0.94mi
1127 Sargeant St Baltimore, MD	2.0	1.5	1080	$1,275	$1.18	24d	1	0.94mi
923 McHenry St Baltimore, MD	3.0	1.0	1008	$1,625	$1.61	44d	1	1.02mi
2815 W Mulberry St Baltimore, MD	4.0	2.0	1040	$2,050	$1.97	44d	1	1.02mi
847 McHenry St Baltimore, MD	2.0	2.0	952	$1,795	$1.89	5d	1	1.07mi
853 Reinhart St Baltimore, MD	2.0	2.5	780	$1,800	$2.31	44d	1	1.10mi
101 N Schroeder St Baltimore, MD	3.0	1.0–2.0	1037	$3,185	$3.07	3d	12	1.14mi
1125 Wicomico St Baltimore, MD	3.0	3.0	1068	$1,955	$1.83	24d	1	1.18mi
805 Washington Blvd Unit A Baltimore, MD	2.0	2.0	1050	$1,650	$1.57	44d	1	1.18mi
805 Washington Blvd Unit B Baltimore, MD	2.0	2.0	1106	$1,650	$1.49	21d	1	1.18mi
519 Scott St Unit 1 Baltimore, MD	2.0	2.0	800	$2,000	$2.50	44d	1	1.21mi
1315 Harlem Ave Unit C Baltimore, MD	2.0	1.0	900	$1,425	$1.58	44d	1	1.24mi
1315 Harlem Ave Unit B Baltimore, MD	2.0	1.0	900	$1,425	$1.58	24d	1	1.24mi
3310 Elbert St Baltimore, MD	2.0	1.0	920	$1,550	$1.68	24d	1	1.26mi
812 S Paca St Baltimore, MD	3.0	2.0	990	$1,500	$1.52	13d	1	1.33mi
3392 Saint Benedict St Baltimore, MD	2.0	1.0	864	$1,450	$1.68	24d	1	1.34mi
2301 Riggs Ave Baltimore, MD	3.0	2.0	1072	$1,600	$1.49	24d	1	1.36mi
1339 W Lafayette Ave #1 Baltimore, MD	2.0	2.0	700	$1,600	$2.29	13d	1	1.37mi
638 S Paca St Unit 2404866494 Baltimore, MD	3.0	1.5	1100	$2,200	$2.00	44d	1	1.39mi

Listing history 44 events

1. 2026-06-13
   days on market $139,000 Active 17 DOM
2. 2026-06-09
   days on market $139,000 Active 13 DOM
3. 2026-06-08
   days on market $139,000 Active 12 DOM
4. 2026-06-07
   days on market $139,000 Active 11 DOM
5. 2026-06-04
   days on market $139,000 Active 8 DOM
6. 2026-06-03
   days on market $139,000 Active 7 DOM
7. 2026-06-02
   days on market $139,000 Active 6 DOM
8. 2026-06-01
   days on market $139,000 Active 5 DOM
9. 2026-05-31
   days on market $139,000 Active 4 DOM
10. 2026-05-27
    listed $139,000 Active
11. 2026-04-22
    historical
12. 2026-03-10
    price $129,000
13. 2026-03-04
    price $130,000
14. 2026-03-04
    status Active
15. 2026-02-25
    historical
16. 2026-02-25
    listed $145,000
17. 2026-02-09
    historical $1,500
18. 2026-02-06
    historical
19. 2026-01-31
    price $1,500
20. 2026-01-29
    price $145,000
21. 2026-01-14
    listed $1,600
22. 2026-01-13
    price $149,900
23. 2025-12-31
    listed $155,000 Active
24. 2025-10-24
    soldstatus $65,000
25. 2025-09-26
    status Pending
26. 2025-09-25
    soldstatus $65,000 Closed
27. 2025-07-23
    price $84,900
28. 2025-07-23
    status Active
29. 2025-02-11
    historical
30. 2025-01-03
    listed $89,900 Active
31. 2007-11-09
    soldstatus $35,000 Sold
32. 2007-10-04
    historical
33. 2007-05-09
    listed $38,900
34. 2007-03-15
    historical
35. 2006-11-22
    listed
36. 2005-11-07
    soldstatus $55,000
37. 2005-10-09
    soldstatus $55,000
38. 2005-08-13
    historical
39. 2005-07-09
    listed $55,000
40. 2005-04-27
    historical
41. 2005-04-11
    listed
42. 2001-05-14
    soldstatus $29,000
43. 1995-12-21
    soldstatus $30,200
44. 1993-06-15
    soldstatus $72,000

ⓘ 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: $744 · $62/mo
• Projected year-2 tax: $1,129 · $94/mo
• Expected delta: +$386/yr (+$32/mo · 51.9%)

ⓘ 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: $19,588
• − Mortgage interest: −$7,786
• − Property taxes: −$744
• − Insurance: −$695
• − Repairs & maintenance: −$1,567
• − Management: −$1,567
• − Depreciation: −$4,044
• Taxable income: $3,185
• Est. tax owed @ 24.0%: −$764
• After-tax cash flow: $4,524/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

+93.1% since first listed

35 events — show timeline

• 2026-05-27 Listed $139,000 BRIGHT MLS
• 2026-04-22 Listing Removed — BRIGHT MLS
• 2026-03-10 Price Changed $129,000 BRIGHT MLS
• 2026-03-04 Price Changed $130,000 BRIGHT MLS
• 2026-03-04 Relisted — BRIGHT MLS
• 2026-02-25 Listed $145,000 BRIGHT MLS
• 2026-02-25 Listing Removed — BRIGHT MLS
• 2026-02-09 Rental Removed $1,500 BRIGHTMLS
• 2026-02-06 Listing Removed — BRIGHT MLS
• 2026-01-31 Price Changed $1,500 BRIGHTMLS
• 2026-01-29 Price Changed $145,000 BRIGHT MLS
• 2026-01-14 Listed for Rent $1,600 BRIGHTMLS
• 2026-01-13 Price Changed $149,900 BRIGHT MLS
• 2025-12-31 Listed $155,000 BRIGHT MLS
• 2025-10-24 Sold (Public Records) $65,000 Public Records
• 2025-09-26 Pending — BRIGHT MLS
• 2025-09-25 Sold (MLS) $65,000 BRIGHT MLS
• 2025-07-23 Price Changed $84,900 BRIGHT MLS
• 2025-07-23 Relisted — BRIGHT MLS
• 2025-02-11 Listing Removed — BRIGHT MLS
• 2025-01-03 Listed $89,900 BRIGHT MLS
• 2007-11-09 Sold (MLS) $35,000 MRIS
• 2007-10-04 Delisted — MRIS
• 2007-05-09 Listed $38,900 MRIS
• 2007-03-15 Delisted — MRIS
• 2006-11-22 Listed — MRIS
• 2005-11-07 Sold (Public Records) $55,000 Public Records
• 2005-10-09 Sold (MLS) $55,000 MRIS
• 2005-08-13 Delisted — MRIS
• 2005-07-09 Listed $55,000 MRIS
• 2005-04-27 Delisted — MRIS
• 2005-04-11 Listed — MRIS
• 2001-05-14 Sold (Public Records) $29,000 Public Records
• 1995-12-21 Sold (Public Records) $30,200 Public Records
• 1993-06-15 Sold (Public Records) $72,000 Public Records

Property tax history

+16.9%/yr

Latest (2025): $744 · +15.9% YoY. Source: county tax records.