822 E North Ave · Baltimore, MD 21202

$277,499

5 bd · 3.0 ba · 1,695 sqft · Townhouse · 50 Days on market

Built 1920 1,306 sqft lot $164/sqft · at area comps Est $283k · at est.

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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 +15.6/30.0
• ARV discount +8.4/15.0
• DSCR +4.8/10.0
• 1% rule +4.3/10.0
• Livability +3.8/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 822 E. North Ave. , a beautifully reimagined home in the heart of Baltimore. This stunning 5-bedroom, 3-bath renovation blends modern style with everyday comfort. Just minutes from Baltimore's top attractions and a quick trip to Penn Station, this location delivers both convenience and lifestyle. Step inside to an open, airy layout designed for entertaining and effortless living. Enjoy sleek stainless steel appliances and a sizable fenced-in backyard perfect for gatherings, relaxing, or letting the kids run free. Retreat to the dream-worthy primary suite featuring a spa-inspired bathroom you'll never want to leave. With five bedrooms, there's room for everyone, whether you need space for guests, a home office, or both. Completely renovated from top to bottom with all-new systems, this home is grant eligible and priced to allow the next homeowner to step into instant value and potential equity.

Key facts

• Built 1920
• Listed 49 days

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath townhouse listed at $277k.

Deal economics

• At list price, monthly cash flow is $116 ($1k/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 $257k (7.2% below list).
• Recommended offer: $257k (7.2% 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: 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 flat; 134 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $2,574/mo this rent would consume 52% of the median local household income ($59k/yr) (locally 1863% 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 $8k 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 50 days — a 3% lower offer ($269k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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 $50k; list at $277k implies a 455% 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 $257,412 (7.2% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 7% 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. 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. 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?
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: 0.93% ✗
• Cap rate: 6.79%
• Cash-on-cash: 1.79%
• DSCR: 1.08
• GRM: 9.0

CMA / ARV

• ARV (median comp): $282,843
• List price: $277,499
• Delta: -1.89%
• 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
422 E Lanvale St	0.26mi	4/3.0 (-1)	1,566 (-8%)	1mo	$280,000	$179	70
342 E Federal St	0.36mi	5/4.0	1,800 (+6%)	8mo	$329,500	$183	62
418 E Lanvale St	0.26mi	4/3.5 (-1)	1,500 (-12%)	6mo	$318,000	$212	56
1703 Crystal Ave	0.74mi	4/3.0 (-1)	1,730 (+2%)	9mo	$240,000	$139	50
2304 Guilford Ave	0.44mi	5/2.0	1,900 (+12%)	9mo	$305,000	$161	48
1106 E Biddle St	0.57mi	4/2.0 (-1)	1,560 (-8%)	7mo	$59,000	$38	46
1438 N Broadway	0.68mi	4/3.5 (-1)	1,820 (+7%)	5mo	$289,900	$159	45
1517 E Lanvale St	0.51mi	4/1.5 (-1)	1,900 (+12%)	5mo	$142,000	$75	41
2612 Guilford Ave	0.67mi	5/2.0	1,896 (+12%)	6mo	$330,000	$174	40
1743 E Federal St	0.75mi	6/4.0 (+1)	1,900 (+12%)	2mo	$242,500	$128	34
1024 N Central Ave	0.71mi	4/2.0 (-1)	1,451 (-14%)	1mo	$204,000	$141	33
427 E 28th St	0.73mi	4/2.5 (-1)	1,900 (+12%)	9mo	$300,000	$158	31

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 · 0.59% rent growth · sell at horizon

5-year hold

• IRR: -16.2%
• Equity multiple: 0.44×
• Total profit: $-43,647
• Equity at exit: $41,376

10-year hold

• IRR: -12.8%
• Equity multiple: 0.33×
• Total profit: $-52,183
• Equity at exit: $23,993

Cash invested: $77,700 (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 21202

• Home prices YoY: -8.0%
• Rents YoY: 0.6%
• Active inventory: 134
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $2,574 high
• Mortgage (P&I): −$1,455
• Tax est. 1.5%: −$347 /mo · $4,162/yr
• Insurance: −$116
• HOA: −$0
• Vacancy / Maint / Mgmt: −$541
• Net cashflow: $116

Break-even live

Break-even rent $2,428

Max offer price $277,499

Occupancy floor 90%

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: $69,375
• Closing costs: $8,325
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
719 E 20th St Baltimore, MD	5.0	3.5	2060	$3,000	$1.46	23d	1	0.10mi
719 E 20th St Baltimore, MD	5.0	3.0	2060	$2,400	$1.17	2d	1	0.10mi
1333 E North Ave Baltimore, MD	4.0	2.5	1860	$2,200	$1.18	23d	1	0.33mi
1511 E Lafayette Ave Baltimore, MD	4.0	3.5	1988	$2,650	$1.33	4d	1	0.47mi
312 E 25th St Baltimore, MD	4.0	3.5	1960	$2,800	$1.43	43d	1	0.55mi
1200 N Eden St Baltimore, MD	5.0	4.5	1208	$1,400	$1.16	4d	1	0.63mi
7 W 24th St Unit 1 Baltimore, MD	5.0	2.5	1443	$2,395	$1.66	20d	1	0.68mi
1032 Valley St Baltimore, MD	4.0	2.0	1900	$2,150	$1.13	4d	1	0.68mi
1814 E Lafayette Ave Baltimore, MD	4.0	2.0	1200	$1,995	$1.66	23d	1	0.73mi
420 E 28th St Unit 1 Baltimore, MD	5.0	2.5	1600	$2,600	$1.62	4d	1	0.75mi
1607 E Biddle St Baltimore, MD	4.0	3.5	2160	$2,400	$1.11	23d	1	0.77mi
1317 E Eager St Baltimore, MD	4.0	1.5	1400	$1,900	$1.36	21d	1	0.80mi
2641 N Howard St Baltimore, MD	4.0	3.5	1344	$2,800	$2.08	23d	1	0.93mi
1716 Lantern Mews Baltimore, MD	4.0	5.0	2016	$2,700	$1.34	43d	1	0.93mi
3010 Guilford Ave Baltimore, MD	5.0	2.5	2174	$3,980	$1.83	10d	1	0.98mi
624 Stirling St Baltimore, MD	4.0	3.0	1812	$2,450	$1.35	43d	1	1.02mi
1418 E Monument St Baltimore, MD	2.0–4.0	1.0–2.0	1265	$1,920	$1.52	14d	5	1.02mi
3222 Ellerslie Ave Baltimore, MD	4.0	1.5	1550	$1,950	$1.26	43d	1	1.09mi
348 E University Pkwy Baltimore, MD	4.0	2.0	1809	$2,400	$1.33	43d	1	1.20mi
305 W 31st St Baltimore, MD	4.0	2.0	1500	$2,499	$1.67	43d	1	1.26mi
3421 University Pl Baltimore, MD	5.0	2.0	1960	$3,500	$1.79	23d	1	1.29mi
2045 E 31st St Baltimore, MD	5.0	3.0	2200	$895	$0.41	23d	1	1.44mi
1628 McCulloh St Unit 2 Baltimore, MD	4.0	2.5	2000	$2,000	$1.00	4d	1	1.45mi
2040 Orleans St Baltimore, MD	4.0	1.5	1974	$2,100	$1.06	14d	1	1.49mi

Listing history 23 events

1. 2026-06-18
   days on market $277,499 Active 50 DOM
2. 2026-06-17
   days on market $277,499 Active 49 DOM
3. 2026-06-16
   days on market $277,499 Active 48 DOM
4. 2026-06-15
   days on market $277,499 Active 47 DOM
5. 2026-06-13
   pricedays on market $277,499 Active 45 DOM
6. 2026-06-09
   days on market $279,999 Active 41 DOM
7. 2026-06-08
   days on market $279,999 Active 40 DOM
8. 2026-06-07
   days on market $279,999 Active 39 DOM
9. 2026-06-04
   days on market $279,999 Active 36 DOM
10. 2026-06-03
    days on market $279,999 Active 35 DOM
11. 2026-06-02
    days on market $279,999 Active 34 DOM
12. 2026-06-01
    days on market $279,999 Active 33 DOM
13. 2026-05-31
    days on market $279,999 Active 32 DOM
14. 2026-04-30
    listed $290,000 Active 917-char remark

    Show marketing remark (917 chars)

    Welcome to 822 E. North Ave. , a beautifully reimagined home in the heart of Baltimore. This stunning 5-bedroom, 3-bath renovation blends modern style with everyday comfort. Just minutes from Baltimore's top attractions and a quick trip to Penn Station, this location delivers both convenience and lifestyle. Step inside to an open, airy layout designed for entertaining and effortless living. Enjoy sleek stainless steel appliances and a sizable fenced-in backyard perfect for gatherings, relaxing, or letting the kids run free. Retreat to the dream-worthy primary suite featuring a spa-inspired bathroom you'll never want to leave. With five bedrooms, there's room for everyone, whether you need space for guests, a home office, or both. Completely renovated from top to bottom with all-new systems, this home is grant eligible and priced to allow the next homeowner to step into instant value and potential equity.

15. 2026-04-20
    historical $290,000 917-char remark

    Show marketing remark (917 chars)

    Welcome to 822 E. North Ave. , a beautifully reimagined home in the heart of Baltimore. This stunning 5-bedroom, 3-bath renovation blends modern style with everyday comfort. Just minutes from Baltimore's top attractions and a quick trip to Penn Station, this location delivers both convenience and lifestyle. Step inside to an open, airy layout designed for entertaining and effortless living. Enjoy sleek stainless steel appliances and a sizable fenced-in backyard perfect for gatherings, relaxing, or letting the kids run free. Retreat to the dream-worthy primary suite featuring a spa-inspired bathroom you'll never want to leave. With five bedrooms, there's room for everyone, whether you need space for guests, a home office, or both. Completely renovated from top to bottom with all-new systems, this home is grant eligible and priced to allow the next homeowner to step into instant value and potential equity.

16. 2025-02-10
    soldstatus $50,000
17. 2024-12-20
    soldstatus $50,000 Closed 326-char remark

    Show marketing remark (326 chars)

    ONLINE AUCTION: Bidding begins 11/28 @ 10:00 am, bidding ends 12/2 @ 12:20 pm. List price is the suggested starting bid. Deposit: $5,000. 3 Story Townhouse located in the East Baltimore Midway area. JUST MINUTES to Clifton Park Golf Course. Easy access to major traffic artery N Calvert St. Property is in need of renovations.

18. 2024-11-11
    status Pending 326-char remark

    Show marketing remark (326 chars)

    ONLINE AUCTION: Bidding begins 11/28 @ 10:00 am, bidding ends 12/2 @ 12:20 pm. List price is the suggested starting bid. Deposit: $5,000. 3 Story Townhouse located in the East Baltimore Midway area. JUST MINUTES to Clifton Park Golf Course. Easy access to major traffic artery N Calvert St. Property is in need of renovations.

19. 2024-10-10
    price $25,000 326-char remark

    Show marketing remark (326 chars)

    ONLINE AUCTION: Bidding begins 11/28 @ 10:00 am, bidding ends 12/2 @ 12:20 pm. List price is the suggested starting bid. Deposit: $5,000. 3 Story Townhouse located in the East Baltimore Midway area. JUST MINUTES to Clifton Park Golf Course. Easy access to major traffic artery N Calvert St. Property is in need of renovations.

20. 2024-10-10
    status Active 326-char remark

    Show marketing remark (326 chars)

    ONLINE AUCTION: Bidding begins 11/28 @ 10:00 am, bidding ends 12/2 @ 12:20 pm. List price is the suggested starting bid. Deposit: $5,000. 3 Story Townhouse located in the East Baltimore Midway area. JUST MINUTES to Clifton Park Golf Course. Easy access to major traffic artery N Calvert St. Property is in need of renovations.

21. 2024-09-30
    historical 326-char remark

    Show marketing remark (326 chars)

    ONLINE AUCTION: Bidding begins 11/28 @ 10:00 am, bidding ends 12/2 @ 12:20 pm. List price is the suggested starting bid. Deposit: $5,000. 3 Story Townhouse located in the East Baltimore Midway area. JUST MINUTES to Clifton Park Golf Course. Easy access to major traffic artery N Calvert St. Property is in need of renovations.

22. 2024-07-25
    listed $30,000 Active 326-char remark

    Show marketing remark (326 chars)

    ONLINE AUCTION: Bidding begins 11/28 @ 10:00 am, bidding ends 12/2 @ 12:20 pm. List price is the suggested starting bid. Deposit: $5,000. 3 Story Townhouse located in the East Baltimore Midway area. JUST MINUTES to Clifton Park Golf Course. Easy access to major traffic artery N Calvert St. Property is in need of renovations.

23. 1981-04-30
    soldstatus $10,600

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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: $30,889
• − Mortgage interest: −$15,544
• − Property taxes: −$4,162
• − Insurance: −$1,387
• − Repairs & maintenance: −$2,471
• − Management: −$2,471
• − Depreciation: −$8,073
• Taxable loss: −$3,220
• Est. tax savings @ 24.0%: +$773
• After-tax cash flow: $2,163/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): 20,683
• Household income: $59,377
• Rent vs Own: 78.6% rent · 21.4% own
• Severe rent burden: 1863.0

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 0.63)
• Race & ethnicity: Black 52% White 31% Hispanic / Latino 7% Two or more races 6% Asian 5%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 2% Romanian 2% Slovak 1%
• Foreign-born: 12% · Canada, South Korea, China
• Languages at home: 87% English-only · Spanish 4% Other Indo-European 2% Arabic 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: ▼ -25.44%
• Current HPI: 291.3702
• Rent YoY: ▲ 0.59%
• 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

+2635.8% since first listed

10 events — show timeline

• 2026-04-30 Listed $290,000 BRIGHT MLS
• 2026-04-20 Coming Soon $290,000 BRIGHT MLS
• 2025-02-10 Sold (Public Records) $50,000 Public Records
• 2024-12-20 Sold (MLS) $50,000 BRIGHT MLS
• 2024-11-11 Pending — BRIGHT MLS
• 2024-10-10 Price Changed $25,000 BRIGHT MLS
• 2024-10-10 Relisted — BRIGHT MLS
• 2024-09-30 Listing Removed — BRIGHT MLS
• 2024-07-25 Listed $30,000 BRIGHT MLS
• 1981-04-30 Sold (Public Records) $10,600 Public Records

Property tax history

-0.6%/yr

Latest (2025): $446 · +11.8% YoY. Source: county tax records.