163 N Streeper St N · Baltimore, MD 21224

$180,000

3 bd · 1.0 ba · 1,160 sqft · Townhouse public records · 407 Days on market

Built 1920 871 sqft lot $155/sqft · 25% below area Est $240k · 25% under

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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 +25.8/30.0
• ARV discount +15.0/15.0
• DSCR +8.6/10.0
• 1% rule +6.5/10.0
• Livability +3.8/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

POST AUCTION - Make an offer, buy it now! Deposit: $15,000. This is a two-story townhouse located in the Patterson Park neighborhood of Baltimore City. Residents can enjoy the nearby attractions such as Patterson Park, a 137-acre public park offering various recreational facilities, and Johns Hopkins Hospital, a renowned medical institution. Major traffic routes in the vicinity include East Baltimore Street and East Fayette Street, providing access to downtown Baltimore and surrounding areas.

Key facts

• Access to downtown
• Major traffic routes
• Two story rowhome

Tags

• TWO STORY ROWHOME
• PATTERSON PARK NEIGHBORHOOD
• 137 ACRE PUBLIC PARK
• JOHNS HOPKINS HOSPITAL
• MAJOR TRAFFIC ROUTES
• ACCESS TO DOWNTOWN

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $180k.

Deal economics

• At list price, monthly cash flow is $436 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $158k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.2% 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 (+1.3%/yr); 391 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); solid renter incomes; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 407 days — a 12% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 15y ago; this cycle's ask is 140% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $34k; list at $180k implies a 437% 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: moderate flood risk; 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 $158,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 407 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: 1.15% ✓
• Cap rate: 9.20%
• Cash-on-cash: 10.39%
• DSCR: 1.46
• GRM: 7.2

CMA / ARV

• ARV (median comp): $239,919
• List price: $180,000
• Delta: -24.97%
• 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
134 N Curley St	0.07mi	2/2.0 (-1)	1,170 (+1%)	1mo	$270,000	$231	86
122 Ellwood Ave	0.18mi	3/1.5	1,200 (+3%)	0mo	$235,000	$196	84
410 N Patterson Park Ave	0.45mi	3/1.0	1,180 (+2%)	0mo	$180,000	$153	76
14 S Curley St	0.20mi	2/1.0 (-1)	1,092 (-6%)	1mo	$269,000	$246	75
2712 Ashland Ave	0.48mi	3/1.5	1,164 (+0%)	1mo	$175,000	$150	74
149 N Highland Ave	0.41mi	2/1.0 (-1)	1,170 (+1%)	1mo	$75,000	$64	74
629 N Kenwood Ave	0.29mi	2/1.5 (-1)	1,100 (-5%)	1mo	$76,500	$70	70
3135 Mcelderry St	0.34mi	3/2.0	1,224 (+6%)	1mo	$234,000	$191	70
2435 Jefferson St	0.34mi	3/1.0	1,260 (+9%)	1mo	$140,000	$111	69
280 S Robinson St	0.47mi	2/1.0 (-1)	1,282 (+10%)	1mo	$294,000	$229	55
410 N Chester St	0.60mi	2/1.5 (-1)	1,260 (+9%)	0mo	$180,000	$143	50
2428 Fleet St	0.69mi	2/2.5 (-1)	1,300 (+12%)	1mo	$285,000	$219	36

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 · 1.31% rent growth · sell at horizon

5-year hold

• IRR: -2.6%
• Equity multiple: 0.90×
• Total profit: $-4,842
• Equity at exit: $26,839

10-year hold

• IRR: 5.2%
• Equity multiple: 1.35×
• Total profit: $17,820
• Equity at exit: $15,563

Cash invested: $50,400 (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 21224

• Rents YoY: 1.3%
• Active inventory: 391
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $2,078 high
• Mortgage (P&I): −$944
• Tax from tax record: −$186 /mo · $2,231/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$436
• Net cashflow: $436

Break-even live

Break-even rent $1,525

Max offer price $180,000

Occupancy floor 74%

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
34 N Linwood Ave Baltimore, MD	2.0	1.5	1288	$2,400	$1.86	24d	1	0.06mi
150 N Curley St Baltimore, MD	2.0	2.5	1266	$1,850	$1.46	18d	1	0.07mi
10 N Streeper St Baltimore, MD	3.0	2.5	1440	$2,500	$1.74	24d	1	0.09mi
139 N Lakewood Ave Baltimore, MD	4.0	2.5	1370	$2,500	$1.82	43d	1	0.10mi
139 N Lakewood Ave Unit 1 Baltimore, MD	4.0	2.0	1370	$2,500	$1.82	43d	1	0.10mi
2815 Orleans St Baltimore, MD	2.0	1.0	1204	$1,600	$1.33	2d	1	0.12mi
2800 Orleans St Baltimore, MD	3.0	1.0	1404	$1,600	$1.14	18d	1	0.14mi
2800 Orleans St Baltimore, MD	3.0	1.0	1404	$1,600	$1.14	15d	1	0.14mi
127 N Glover St Baltimore, MD	2.0	1.5	1110	$2,100	$1.89	2d	1	0.15mi
2608 E Fayette St Unit 1 Baltimore, MD	2.0	1.0	900	$1,700	$1.89	15d	1	0.17mi
415 N Belnord Ave Baltimore, MD	2.0	1.0	1008	$1,300	$1.29	24d	1	0.18mi
218 N Glover St Baltimore, MD	2.0	2.0	1360	$1,750	$1.29	43d	1	0.19mi
9 N Luzerne Ave Baltimore, MD	3.0	2.5	1380	$2,450	$1.78	4d	1	0.20mi
225 N Luzerne Ave Baltimore, MD	3.0	1.0	1198	$1,350	$1.13	19d	1	0.20mi
203 N Ellwood Ave Unit Main Baltimore, MD	2.0	2.0	880	$2,200	$2.50	24d	1	0.21mi
29 N Ellwood Ave Baltimore, MD	3.0	1.5	1100	$2,395	$2.18	24d	1	0.21mi
415 N Glover St Baltimore, MD	2.0	2.5	1092	$1,600	$1.47	24d	1	0.22mi
102 S Curley St Baltimore, MD	2.0	1.5	1200	$1,800	$1.50	4d	1	0.22mi
104 N Rose St Baltimore, MD	3.0	2.0	936	$2,500	$2.67	43d	1	0.24mi
227 N Rose St Baltimore, MD	2.0	4.0	1420	$1,600	$1.13	24d	1	0.24mi
233 N Rose St Baltimore, MD	2.0	2.5	934	$1,750	$1.87	18d	1	0.25mi
224 N Rose St Baltimore, MD	2.0	2.5	1120	$1,875	$1.67	18d	1	0.26mi
404 N Robinson St Baltimore, MD	3.0	3.0	1320	$2,200	$1.67	24d	1	0.26mi
404 N Robinson St Baltimore, MD	3.0	3.0	1320	$2,100	$1.59	16d	1	0.26mi
230 N Rose St Baltimore, MD	2.0	1.5	1200	$1,545	$1.29	43d	1	0.26mi
17 N East Ave Baltimore, MD	2.0	2.0	1326	$2,550	$1.92	24d	1	0.26mi
531 N Belnord Ave Baltimore, MD	2.0	1.5	1100	$1,700	$1.55	24d	1	0.27mi
3205 Esther Pl Baltimore, MD	2.0	2.0	960	$1,850	$1.93	24d	1	0.27mi
520 N Decker Ave Baltimore, MD	2.0	1.0	1000	$1,650	$1.65	43d	1	0.27mi
502 N Glover St Baltimore, MD	2.0	1.5	827	$1,250	$1.51	20d	1	0.28mi
107 N Port St Baltimore, MD	2.0	2.0	870	$1,995	$2.29	24d	1	0.30mi
425 N Milton Ave Baltimore, MD	3.0	1.0	1200	$1,525	$1.27	15d	1	0.30mi
402 N Milton Ave Unit 402B Baltimore, MD	2.0	1.0	950	$1,290	$1.36	43d	1	0.31mi
627 N Lakewood Ave Baltimore, MD	3.0	2.5	1175	$1,900	$1.62	22d	1	0.33mi
517 N Rose St Baltimore, MD	3.0	1.0	845	$1,400	$1.66	4d	1	0.33mi
2410 E Fayette St Baltimore, MD	3.0	1.0	1224	$1,800	$1.47	43d	1	0.33mi
2608 McElderry St Baltimore, MD	3.0	1.0	1144	$1,550	$1.35	24d	1	0.33mi
113 N Clinton St Baltimore, MD	2.0	1.0	1300	$1,995	$1.53	43d	1	0.33mi
127 S Robinson St Baltimore, MD	2.0	1.5	1400	$2,000	$1.43	43d	1	0.34mi
1 N Clinton St Baltimore, MD	4.0	1.5	1200	$1,700	$1.42	20d	1	0.35mi

Listing history 22 events

1. 2026-06-18
   days on market $180,000 Active 407 DOM
2. 2026-06-17
   days on market $180,000 Active 406 DOM
3. 2026-06-16
   days on market $180,000 Active 405 DOM
4. 2026-06-15
   days on market $180,000 Active 404 DOM
5. 2026-06-13
   days on market $180,000 Active 402 DOM
6. 2026-06-09
   days on market $180,000 Active 398 DOM
7. 2026-06-08
   days on market $180,000 Active 397 DOM
8. 2026-06-07
   days on market $180,000 Active 396 DOM
9. 2026-06-04
   days on market $180,000 Active 393 DOM
10. 2026-06-03
    days on market $180,000 Active 392 DOM
11. 2026-06-02
    days on market $180,000 Active 391 DOM
12. 2026-06-01
    days on market $180,000 Active 390 DOM
13. 2026-05-31
    days on market $180,000 Active 389 DOM
14. 2025-12-13
    price $180,000 497-char remark

    Show marketing remark (497 chars)

    POST AUCTION - Make an offer, buy it now! Deposit: $15,000. This is a two-story townhouse located in the Patterson Park neighborhood of Baltimore City. Residents can enjoy the nearby attractions such as Patterson Park, a 137-acre public park offering various recreational facilities, and Johns Hopkins Hospital, a renowned medical institution. Major traffic routes in the vicinity include East Baltimore Street and East Fayette Street, providing access to downtown Baltimore and surrounding areas.

15. 2025-05-07
    listed $75,000 Active 497-char remark

    Show marketing remark (497 chars)

    POST AUCTION - Make an offer, buy it now! Deposit: $15,000. This is a two-story townhouse located in the Patterson Park neighborhood of Baltimore City. Residents can enjoy the nearby attractions such as Patterson Park, a 137-acre public park offering various recreational facilities, and Johns Hopkins Hospital, a renowned medical institution. Major traffic routes in the vicinity include East Baltimore Street and East Fayette Street, providing access to downtown Baltimore and surrounding areas.

16. 2011-12-21
    historical Withdrawn
17. 2011-12-21
    historical
18. 2011-05-27
    price
19. 2011-01-06
    listed Active
20. 2011-01-06
    listed $134,900
21. 1987-05-13
    soldstatus $33,500
22. 1982-07-28
    soldstatus $21,500

ⓘ 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: $2,231 · $186/mo
• Projected year-2 tax: $2,231 · $186/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 5/10 Major FEMA zone X (unshaded) · 47% 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: $24,930
• − Mortgage interest: −$10,083
• − Property taxes: −$2,231
• − Insurance: −$900
• − Repairs & maintenance: −$1,994
• − Management: −$1,994
• − Depreciation: −$5,236
• Taxable income: $2,491
• Est. tax owed @ 24.0%: −$598
• After-tax cash flow: $4,639/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): 47,465
• Household income: $89,017
• Rent vs Own: 41.5% rent · 58.5% own
• Severe rent burden: 1786.0

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 0.62)
• Race & ethnicity: White 55% Hispanic / Latino 21% Black 16% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2% Dominican 1%
• Common ancestry: Romanian 5% Lithuanian 2% Italian 1%
• Foreign-born: 17% · Canada, China, Vietnam
• Languages at home: 76% English-only · Spanish 18% Other Indo-European 2% Russian/Polish/Slavic 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: ▼ -332.23%
• Current HPI: 241.284
• Rent YoY: ▲ 1.31%
• 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

+737.2% since first listed

9 events — show timeline

• 2025-12-13 Price Changed $180,000 BRIGHT MLS
• 2025-05-07 Listed $75,000 BRIGHT MLS
• 2011-12-21 Delisted — MRIS
• 2011-12-21 Listing Removed — BRIGHT MLS
• 2011-05-27 Price Changed — MRIS
• 2011-01-06 Listed — MRIS
• 2011-01-06 Listed $134,900 BRIGHT MLS
• 1987-05-13 Sold (Public Records) $33,500 Public Records
• 1982-07-28 Sold (Public Records) $21,500 Public Records

Property tax history

+2.5%/yr

Latest (2025): $2,231 · -4.9% YoY. Source: county tax records.