2619 Maisel St · Baltimore, MD 21230

$185,000

3 bd · 1.0 ba · 1,024 sqft · Townhouse public records · 1 Days on market

Built 1926

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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 +25.6/30.0
• DSCR +8.5/10.0
• ARV discount +7.5/15.0
• 1% rule +6.3/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 2619 Maisel Street in Baltimore's growing Westport community! This charming brick rowhome offers a comfortable blend of character and functionality. Featuring 2 spacious bedrooms, 1 full bath, and over 1,000 square feet of living space, this home provides a welcoming layout designed for everyday living. The unfinished basement offers ample storage space and potential for future use. Whether you're a first-time homebuyer looking for an affordable place to call home or an investor seeking a great addition to your portfolio, this property presents an excellent opportunity. Conveniently located near downtown Baltimore, I-95, the Inner Harbor, UMBC, shopping, dining, and public transp

Key facts

• Ample storage space
• Unfinished basement
• Built 1926

Tags

• UNFINISHED BASEMENT
• AMPLE STORAGE SPACE

Property features AI

Finance

• HOA & community: Ground rent applicable ($90 annually)

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas for heating and hot water; Electric for cooling
• Home design: Interior townhouse/rowhouse; Built-up roof; Brick construction
• Construction: Brick construction; Permanent foundation
• Exterior features: Porch(es); Balcony; Rear privacy fencing; Adjoins open space

Interior

• Kitchen: Disposal; Exhaust fan; Range hood; Gas oven/range; Refrigerator
• Basement: Yes — unfinished basement
• Bedrooms: 3 bedrooms on the first upper level
• Bathrooms: 1 full bathroom on the upper level; 1 half bathroom on the main level
• Heating & cooling: Forced air heating (natural gas); Ceiling fans; Window air conditioning units (electric)
• Interior features: Bar; Ceiling fans; Traditional floor plan; Recessed lighting; Insulated doors
• Laundry & utility: Washer; Natural gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $185k.

Deal economics

• At list price, monthly cash flow is $435 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $185k).
• Cap rate 9.1% 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 soft (-1.0%/yr); 362 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 $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.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 15y ago; this cycle's ask has dropped $42k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $65k; list at $185k implies a 185% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1926 — 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 $185,000

Questions for the listing agent

1. Built in 1926 — 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: 1.13% ✓
• Cap rate: 9.12%
• Cash-on-cash: 10.09%
• DSCR: 1.45
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $119,808
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2630 Alaska St	0.13mi	3/1.5	1,008 (-2%)	7mo	$85,000	$84	83
2619 Northshire Dr	0.51mi	3/1.0	1,024 (0%)	2mo	$145,000	$142	74
2318 Sidney Ave	0.19mi	3/1.0	1,120 (+9%)	2mo	$72,500	$65	74
2628 Northshire Dr	0.53mi	3/1.0	1,024 (0%)	4mo	$175,000	$171	72
2639 Northshire Dr	0.51mi	3/2.0	1,024 (0%)	5mo	$120,000	$117	68
2839 Hinsdale Dr	0.62mi	3/1.0	1,024 (0%)	4mo	$152,000	$148	68
2316 Cedley St	0.24mi	3/2.0	1,144 (+12%)	4mo	$140,000	$122	62
2149 Harman Ave	0.62mi	2/1.0 (-1)	1,050 (+2%)	2mo	$115,000	$110	60
2521 S Paca St	0.43mi	3/1.5	1,152 (+12%)	1mo	$30,000	$26	56
2527 Tolley St	0.72mi	2/1.0 (-1)	1,050 (+2%)	6mo	$120,000	$114	52
2014 Grinnalds Ave	0.73mi	2/2.0 (-1)	1,015 (-1%)	6mo	$80,000	$79	50
2439 Ridgely St	0.37mi	4/2.5 (+1)	1,152 (+12%)	4mo	$222,000	$193	47

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -4.5%
• Equity multiple: 0.84×
• Total profit: $-8,368
• Equity at exit: $27,584

10-year hold

• IRR: 1.5%
• Equity multiple: 1.09×
• Total profit: $4,775
• 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 21230

• Rents YoY: -1.0%
• Active inventory: 362
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $2,084 high
• Mortgage (P&I): −$970
• Tax from tax record: −$164 /mo · $1,964/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$438
• Net cashflow: $435

Break-even live

Break-even rent $1,533

Max offer price $185,000

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

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2056 Griffis Ave Baltimore, MD	3.0	1.5	1230	$1,495	$1.22	21d	1	0.66mi
1931 Griffis Ave Baltimore, MD	2.0	1.0	912	$1,349	$1.48	3d	1	0.77mi
3004 Elizabeth Ave Unit 1 Baltimore, MD	3.0	1.0	1024	$1,395	$1.36	4d	1	0.93mi
2200 W Patapsco Ave Baltimore, MD	3.0	1.0	890	$1,569	$1.76	43d	1	0.93mi
3017 Janice Ave Baltimore, MD	3.0	1.0	1024	$1,995	$1.95	23d	1	0.96mi
2454 Terra Firma Rd Brooklyn, MD	3.0	1.0	1024	$1,650	$1.61	14d	1	1.01mi
2600 W Patapsco Ave Baltimore, MD	1.0–2.0	1.0	856	$1,309	$1.53	2d	24	1.04mi
1432 Carroll St Baltimore, MD	2.0	1.5	912	$1,900	$2.08	43d	1	1.06mi
607 Cheraton Rd Brooklyn, MD	3.0	3.0	1200	$1,750	$1.46	14d	1	1.07mi
2745 Round Rd Brooklyn, MD	2.0	2.0	756	$1,800	$2.38	43d	1	1.17mi
1205 Cleveland St Baltimore, MD	2.0	2.0	1232	$1,900	$1.54	43d	1	1.20mi
1125 Wicomico St Baltimore, MD	3.0	3.0	1068	$1,955	$1.83	23d	1	1.21mi
111 W Heath St Baltimore, MD	2.0	1.0–2.5	1263	$2,850	$2.26	2d	7	1.21mi
1900 S Hanover St Baltimore, MD	3.0	1.0–2.0	875	$3,932	$4.49	1d	66	1.22mi
1108 Sterrett St Baltimore, MD	2.0	1.0	1400	$2,300	$1.64	23d	1	1.22mi
1259 Washington Blvd Baltimore, MD	3.0	3.0	1232	$2,999	$2.43	4d	1	1.23mi
2868 Potee St Baltimore, MD	1.0–3.0	1.0	720	$1,599	$2.22	2d	22	1.24mi
1127 S Carey St Baltimore, MD	3.0	2.5	1340	$1,900	$1.42	4d	1	1.24mi
1303 James St Baltimore, MD	2.0	1.5	1160	$1,350	$1.16	23d	1	1.24mi
1243 Washington Blvd Baltimore, MD	3.0	2.0	1148	$1,950	$1.70	43d	1	1.25mi
1746 S Hanover St Baltimore, MD	3.0	2.0	1490	$2,700	$1.81	10d	1	1.25mi
1718 S Hanover St Baltimore, MD	2.0	2.5	1296	$2,700	$2.08	23d	1	1.26mi
2500 Insulator Dr Baltimore, MD	3.0	1.0–2.0	988	$4,786	$4.84	2d	152	1.27mi
1253 Sargeant St Baltimore, MD	2.0	1.5	1200	$1,695	$1.41	23d	1	1.27mi
1101 S Carey St Baltimore, MD	2.0	2.0	1400	$1,200	$0.86	21d	1	1.27mi
1132 Nanticoke St Baltimore, MD	2.0	2.5	1500	$1,875	$1.25	23d	1	1.28mi
1516 Clarkson St Baltimore, MD	2.0	1.5	1050	$1,795	$1.71	23d	1	1.28mi
1608 S Hanover St Baltimore, MD	3.0	3.5	1346	$3,000	$2.23	17d	1	1.29mi
1403 Race St Baltimore, MD	3.0	3.0	1008	$2,200	$2.18	43d	1	1.30mi
1163 Washington Blvd Baltimore, MD	2.0	2.5	1012	$1,700	$1.68	12d	1	1.31mi
1839 S Charles St Baltimore, MD	3.0	2.5	1238	$2,600	$2.10	43d	1	1.32mi
1601 S Hanover St Apt 1R Baltimore, MD	2.0	1.0	900	$1,600	$1.78	1d	1	1.32mi
1262 Glyndon Ave Baltimore, MD	2.0	3.0	1258	$1,850	$1.47	23d	1	1.32mi
1815 S Charles St Baltimore, MD	2.0	2.0	1208	$2,100	$1.74	43d	1	1.32mi
1215 James St Baltimore, MD	2.0	1.0	960	$1,500	$1.56	43d	1	1.32mi
126 Burnett St Baltimore, MD	2.0	2.5	984	$2,200	$2.24	23d	1	1.33mi
1160 Washington Blvd Baltimore, MD	2.0	1.0	960	$1,575	$1.64	23d	1	1.34mi
1125 Washington Blvd Baltimore, MD	4.0	2.5	1200	$2,750	$2.29	17d	1	1.34mi
709 Scott St Baltimore, MD	3.0	3.0	1448	$2,500	$1.73	14d	1	1.35mi
709 Scott St Baltimore, MD	3.0	2.5	1448	$2,500	$1.73	23d	1	1.35mi

Listing history 2 events

1. 2026-06-17
   remarks 699-char remark
2. 2026-06-17
   listed $185,000 Coming Soon 1 DOM

ⓘ 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: $1,964 · $164/mo
• Projected year-2 tax: $1,990 · $166/mo
• Expected delta: +$26/yr (+$2/mo · 1.3%)

ⓘ 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 8/10 Severe 7 d/yr ≥102°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: $25,006
• − Mortgage interest: −$10,363
• − Property taxes: −$1,964
• − Insurance: −$925
• − Repairs & maintenance: −$2,000
• − Management: −$2,000
• − Depreciation: −$5,382
• Taxable income: $2,372
• Est. tax owed @ 24.0%: −$569
• After-tax cash flow: $4,655/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): 32,977
• Household income: $91,842
• Rent vs Own: 49.3% rent · 50.7% own
• Severe rent burden: 1463.0

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: White 55% Black 23% Hispanic / Latino 13% Two or more races 6% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 1%
• Common ancestry: Romanian 5% Lithuanian 2% Italian 2%
• Foreign-born: 10% · Canada, China
• Languages at home: 85% English-only · Spanish 9% Other Indo-European 1% 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: ▼ -311.43%
• Current HPI: 284.338
• Rent YoY: ▼ -1.00%
• 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

+208.3% since first listed

12 events — show timeline

• 2026-06-17 Coming Soon $185,000 BRIGHT MLS
• 2025-03-11 Listing Removed — BRIGHT MLS
• 2025-01-31 Listed $227,000 BRIGHT MLS
• 2025-01-14 Rental Removed $2,000 BRIGHTMLS
• 2025-01-08 Price Changed $2,000 BRIGHTMLS
• 2024-12-06 Listed for Rent $1,850 BRIGHTMLS
• 2018-12-20 Sold (Public Records) $65,000 Public Records
• 2011-04-20 Delisted — MRIS
• 2011-04-20 Listing Removed — BRIGHT MLS
• 2011-04-07 Sold (Public Records) $14,000 Public Records
• 2011-03-14 Listed — MRIS
• 2011-03-14 Listed $60,000 BRIGHT MLS

Property tax history

-0.2%/yr

Latest (2025): $1,964 · +8.9% YoY. Source: county tax records.