1009 Poplar Grove St · Baltimore, MD 21216

$67,500

3 bd · 1.0 ba · 1,590 sqft · Townhouse public records · 67 Days on market

Built 1920 $42/sqft · 25% above area Est $54k · 25% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.0/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Turn-key opportunity in the heart of Baltimore! 1009 Poplar Grove offers the perfect blend of value, functionality, and upside potential—ideal for both investors and savvy homeowners. This solid brick rowhome features a classic layout with great natural light, spacious living areas, and a layout that maximizes every square foot. Recent improvements and clean presentation make this property move-in ready while still offering room to add your own finishing touches and build equity. The home is situated on a well-positioned block with convenient access to major commuter routes, downtown Baltimore, and neighborhood amenities. Strong rental demand in the area makes this a compelling addition to any portfolio, while owner-occupants will appreciate the affordability compared to renting. Whether you're looking for a dependable income-producing asset or a place to call home, this property checks all the boxes. Don’t miss your chance to secure a well-located Baltimore property with strong fundamentals and long-term potential—schedule your showing today! The property is sold “AS-IS, WHERE-IS”

Key facts

• Great natural light
• Solid brick rowhome
• Convenient access

Tags

• SOLID BRICK ROWHOME
• GREAT NATURAL LIGHT
• SPACIOUS LIVING AREAS
• WELL-POSITIONED BLOCK
• CONVENIENT ACCESS
• NEIGHBORHOOD AMENITIES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $68k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $68k).
• Recommended offer: $63k (6.0% below list) — sets the bar for market timing.
• Cap rate 24.2% 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 (+6.1%/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); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• At $1,868/mo this rent would consume 53% of the median local household income ($42k/yr) (locally 2264% 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 $467 of loan paydown is wiped out by about $2k 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 + 6.1% rent growth), your $19k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 67 days — a 6% lower offer ($63k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 9y ago; this cycle's ask has dropped $5k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $63,450 (6.0% below list)

Questions for the listing agent

1. It's been on market 67 days. Have you received any prior offers? Is the seller open to a 6% 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: 2.77% ✓
• Cap rate: 24.24%
• Cash-on-cash: 64.08%
• DSCR: 3.85
• GRM: 3.0

CMA / ARV

• ARV (median comp): $53,816
• List price: $67,500
• Delta: 25.43%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2738 W Mosher St	0.11mi	3/1.0	1,765 (+11%)	1mo	$37,000	$21	76
2514 W Lafayette Ave	0.43mi	3/2.0	1,560 (-2%)	2mo	$232,000	$149	72
3118 Normount Ave	0.32mi	3/2.0	1,725 (+8%)	1mo	$174,990	$101	66
2400 W Lafayette Ave	0.53mi	4/2.0 (+1)	1,584 (-0%)	2mo	$263,000	$166	64
1601 Ruxton Ave	0.72mi	3/1.0	1,568 (-1%)	1mo	$90,000	$57	63
2404 W Lafayette Ave	0.52mi	3/2.0	1,476 (-7%)	2mo	$135,000	$91	58
2920 Brighton St	0.41mi	3/2.5	1,440 (-9%)	2mo	$247,500	$172	58
1625 N Rosedale St	0.54mi	3/1.0	1,396 (-12%)	2mo	$36,000	$26	53
3018 Presstman St	0.39mi	4/2.0 (+1)	1,400 (-12%)	1mo	$108,000	$77	52
743 Linnard St	0.59mi	4/2.0 (+1)	1,693 (+6%)	1mo	$199,000	$118	52
3020 Brighton St	0.43mi	4/2.5 (+1)	1,406 (-12%)	2mo	$209,000	$149	48
517 N Edgewood St	0.71mi	4/2.5 (+1)	1,430 (-10%)	2mo	$90,000	$63	38

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 · 6.1% rent growth · sell at horizon

5-year hold

• IRR: 66.7%
• Equity multiple: 4.14×
• Total profit: $59,378
• Equity at exit: $10,064

10-year hold

• IRR: 71.9%
• Equity multiple: 9.51×
• Total profit: $160,865
• Equity at exit: $5,836

Cash invested: $18,900 (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 21216

• Rents YoY: 6.1%
• Active inventory: 252
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $1,868 high
• Mortgage (P&I): −$354
• Tax est. 1.5%: −$84 /mo · $1,012/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$392
• Net cashflow: $1,009

Break-even live

Break-even rent $590

Max offer price $67,500

Occupancy floor 41%

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: $16,875
• Closing costs: $2,025
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2806 Riggs Ave Baltimore, MD	3.0	2.5	1412	$1,900	$1.35	3d	1	0.07mi
2744 W Mosher St Baltimore, MD	4.0	2.0	1412	$2,100	$1.49	23d	1	0.11mi
2728 Winchester St Baltimore, MD	3.0	1.5	1260	$1,800	$1.43	3d	1	0.17mi
1402 Poplar Grove St Baltimore, MD	4.0	1.5	1540	$800	$0.52	43d	1	0.26mi
3015 Rayner Ave Baltimore, MD	3.0	1.0	1152	$1,350	$1.17	43d	1	0.28mi
3003 Presstman St Unit 1 Baltimore, MD	2.0	2.0	1450	$1,400	$0.97	44d	1	0.33mi
3003 Presstman St Unit 2 Baltimore, MD	2.0	1.0	1450	$1,300	$0.90	23d	1	0.33mi
3238 Westmont Ave Baltimore, MD	3.0	1.0	1280	$1,600	$1.25	43d	1	0.34mi
2800 Presstman St Baltimore, MD	3.0	2.5	1460	$1,799	$1.23	23d	1	0.34mi
2922 Edmondson Ave Baltimore, MD	3.0	2.0	1620	$1,900	$1.17	43d	1	0.37mi
1530 N Rosedale St Baltimore, MD	3.0	2.0	1641	$1,895	$1.15	14d	1	0.44mi
1513 N Ellamont St Baltimore, MD	3.0	1.0	1700	$1,700	$1.00	23d	1	0.44mi
2636 Lauretta Ave Baltimore, MD	3.0	2.5	1232	$1,900	$1.54	43d	1	0.48mi
2609 Lauretta Ave Baltimore, MD	3.0	1.0	1286	$1,675	$1.30	23d	1	0.52mi
3309 Brighton St Baltimore, MD	3.0	1.0	1134	$1,700	$1.50	43d	1	0.52mi
780 Linnard St Baltimore, MD	3.0	2.0	1224	$1,590	$1.30	43d	1	0.56mi
798 N Grantley St Baltimore, MD	3.0	2.0	1360	$2,295	$1.69	23d	1	0.58mi
787 N Grantley St Baltimore, MD	3.0	1.0	1116	$1,575	$1.41	23d	1	0.58mi
2301 Riggs Ave Baltimore, MD	3.0	2.0	1072	$1,600	$1.49	23d	1	0.59mi
1633 N Hilton St Baltimore, MD	4.0	2.5	1920	$2,600	$1.35	17d	1	0.59mi
918 N Bentalou St Baltimore, MD	3.0	1.5	1485	$1,750	$1.18	43d	1	0.61mi
2303 Calverton Heights Ave Baltimore, MD	4.0	2.0	1314	$2,250	$1.71	23d	1	0.62mi
730 Linnard St Unit 1 Baltimore, MD	4.0	1.0	1360	$1,750	$1.29	23d	1	0.65mi
3423 Edmondson Ave Baltimore, MD	2.0	1.5	1400	$1,710	$1.22	43d	1	0.68mi
2636 W North Ave Baltimore, MD	2.0–3.0	1.0–2.0	975	$1,475	$1.51	4d	1	0.71mi
1617-A Moreland Ave Unit 2nd Flr Baltimore, MD	2.0	1.0	1500	$1,400	$0.93	43d	1	0.72mi
3507 Edmondson Ave Baltimore, MD	4.0	2.0	1428	$2,300	$1.61	43d	1	0.73mi
623 N Grantley St Baltimore, MD	4.0	2.0	1250	$2,000	$1.60	23d	1	0.73mi
2917 Clifton Ave Baltimore, MD	4.0	4.0	1700	$2,150	$1.26	23d	1	0.77mi
405 N Edgewood St Baltimore, MD	4.0	2.0	1408	$2,950	$2.10	4d	1	0.77mi
3700 Woodridge Rd Baltimore, MD	3.0	1.5	1955	$1,950	$1.00	43d	1	0.77mi
2405 W North Ave Baltimore, MD	4.0	3.0	1826	$1,900	$1.04	4d	1	0.79mi
2812 Clifton Ave Baltimore, MD	3.0	1.5	1650	$1,850	$1.12	43d	1	0.80mi
3619 Edmondson Ave Baltimore, MD	4.0	3.5	1962	$2,800	$1.43	43d	1	0.81mi
3712 Gelston Dr Baltimore, MD	3.0	2.0	1250	$2,500	$2.00	23d	1	0.82mi
1816 N Bentalou St Baltimore, MD	3.0	2.0	1350	$1,700	$1.26	10d	1	0.85mi
1816 N Bentalou St Baltimore, MD	3.0	2.0	1350	$1,700	$1.26	23d	1	0.85mi
3030 Windsor Ave Baltimore, MD	4.0	1.5	2124	$1,995	$0.94	4d	1	0.88mi
202 N Edgewood St Baltimore, MD	3.0	2.0	1710	$2,250	$1.32	23d	1	0.89mi
1914 Mosher St Unit 1914 Baltimore, MD	4.0	2.5	1200	$1,700	$1.42	43d	1	0.91mi

Listing history 31 events

1. 2026-06-18
   days on market $67,500 Active 67 DOM
2. 2026-06-17
   days on market $67,500 Active 66 DOM
3. 2026-06-16
   days on market $67,500 Active 65 DOM
4. 2026-06-15
   days on market $67,500 Active 64 DOM
5. 2026-06-13
   days on market $67,500 Active 62 DOM
6. 2026-06-09
   days on market $67,500 Active 58 DOM
7. 2026-06-08
   days on market $67,500 Active 57 DOM
8. 2026-06-07
   days on market $67,500 Active 56 DOM
9. 2026-06-04
   days on market $67,500 Active 53 DOM
10. 2026-06-03
    days on market $67,500 Active 52 DOM
11. 2026-06-02
    days on market $67,500 Active 51 DOM
12. 2026-06-01
    days on market $67,500 Active 50 DOM
13. 2026-05-31
    days on market $67,500 Active 49 DOM
14. 2026-05-15
    price $67,500 1128-char remark

    Show marketing remark (1128 chars)

    Turn-key opportunity in the heart of Baltimore! 1009 Poplar Grove offers the perfect blend of value, functionality, and upside potential—ideal for both investors and savvy homeowners. This solid brick rowhome features a classic layout with great natural light, spacious living areas, and a layout that maximizes every square foot. Recent improvements and clean presentation make this property move-in ready while still offering room to add your own finishing touches and build equity. The home is situated on a well-positioned block with convenient access to major commuter routes, downtown Baltimore, and neighborhood amenities. Strong rental demand in the area makes this a compelling addition to any portfolio, while owner-occupants will appreciate the affordability compared to renting. Whether you're looking for a dependable income-producing asset or a place to call home, this property checks all the boxes. Don’t miss your chance to secure a well-located Baltimore property with strong fundamentals and long-term potential—schedule your showing today! The property is sold “AS-IS, WHERE-IS”

15. 2026-04-12
    listed $72,500 Active 1128-char remark

    Show marketing remark (1128 chars)

    Turn-key opportunity in the heart of Baltimore! 1009 Poplar Grove offers the perfect blend of value, functionality, and upside potential—ideal for both investors and savvy homeowners. This solid brick rowhome features a classic layout with great natural light, spacious living areas, and a layout that maximizes every square foot. Recent improvements and clean presentation make this property move-in ready while still offering room to add your own finishing touches and build equity. The home is situated on a well-positioned block with convenient access to major commuter routes, downtown Baltimore, and neighborhood amenities. Strong rental demand in the area makes this a compelling addition to any portfolio, while owner-occupants will appreciate the affordability compared to renting. Whether you're looking for a dependable income-producing asset or a place to call home, this property checks all the boxes. Don’t miss your chance to secure a well-located Baltimore property with strong fundamentals and long-term potential—schedule your showing today! The property is sold “AS-IS, WHERE-IS”

16. 2022-09-04
    historical
17. 2022-07-25
    listed $159,000 Active
18. 2022-06-03
    soldstatus $71,000
19. 2022-02-28
    soldstatus $76,000 Closed
20. 2022-02-01
    historical Active Under Contract
21. 2022-01-29
    price $79,000
22. 2022-01-02
    listed $85,000 Active
23. 2018-05-01
    historical
24. 2018-05-01
    historical Expired
25. 2018-02-22
    listed $19,900 Active
26. 2018-02-22
    listed Active
27. 2017-06-23
    soldstatus $11,924
28. 2017-06-23
    soldstatus $11,924 Sold
29. 2017-05-15
    status Contract
30. 2017-04-22
    listed $10,600 Active
31. 2006-06-30
    soldstatus $53,000

ⓘ 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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,416
• − Mortgage interest: −$3,781
• − Property taxes: −$1,012
• − Insurance: −$338
• − Repairs & maintenance: −$1,793
• − Management: −$1,793
• − Depreciation: −$1,964
• Taxable income: $11,735
• Est. tax owed @ 24.0%: −$2,816
• After-tax cash flow: $9,295/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): 29,426
• Household income: $42,031
• Rent vs Own: 49.8% rent · 50.2% own
• Severe rent burden: 2264.0

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 (91%)
• Race & ethnicity: Black 91% Hispanic / Latino 4% Two or more races 3% White 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3% French/Haitian/Cajun 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: ▼ -107.42%
• Current HPI: 164.3933
• Rent YoY: ▲ 6.10%
• 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

+27.4% since first listed

18 events — show timeline

• 2026-05-15 Price Changed $67,500 BRIGHT MLS
• 2026-04-12 Listed $72,500 BRIGHT MLS
• 2022-09-04 Listing Removed — BRIGHT MLS
• 2022-07-25 Listed $159,000 BRIGHT MLS
• 2022-06-03 Sold (Public Records) $71,000 Public Records
• 2022-02-28 Sold (MLS) $76,000 BRIGHT MLS
• 2022-02-01 Contingent — BRIGHT MLS
• 2022-01-29 Price Changed $79,000 BRIGHT MLS
• 2022-01-02 Listed $85,000 BRIGHT MLS
• 2018-05-01 Listing Removed — BRIGHT MLS
• 2018-05-01 Delisted — MRIS
• 2018-02-22 Listed — MRIS
• 2018-02-22 Listed $19,900 BRIGHT MLS
• 2017-06-23 Sold (MLS) $11,924 MRIS
• 2017-06-23 Sold (MLS) $11,924 BRIGHT MLS
• 2017-05-15 Pending — MRIS
• 2017-04-22 Listed $10,600 MRIS
• 2006-06-30 Sold (Public Records) $53,000 Public Records

Property tax history

+7.2%/yr

Latest (2025): $3,484 · +53.4% YoY. Source: county tax records.