2002 N Smallwood St · Baltimore, MD 21216

$150,000

3 bd · 1.0 ba · 1,284 sqft · Townhouse · 14 Days on market

Built 1920 1,400 sqft lot $117/sqft · 42% above area Est $106k · 42% 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 +25.8/30.0
• DSCR +8.6/10.0
• 1% rule +6.1/10.0
• 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

Pick your buyer concession: Interest rate buydown or closing assistance!!! Beautifully renovated and move-in ready, 2002 N Smallwood Street offers the perfect blend of classic Baltimore charm and modern updates. Step inside to find luxury vinyl plank flooring on the main level, where a light-filled living room with an exposed brick accent wall flows into the dining area and a refreshed kitchen. From here, step out to the deck and fenced backyard—ideal for relaxing or entertaining—with the bonus of a welcoming front porch. Upstairs, three carpeted bedrooms and a gorgeous new full bath provide comfort and style. The lower level is a blank canvas, ready to be transformed into a home gym, office, or recreation space. Outside, this home’s location puts you close to everything—whether commuting or exploring. Major employers like Johns Hopkins, University of Maryland Medical Center, and downtown business hubs are within reach, while nearby metro and bus lines make travel around the city simple. Shopping, dining, and entertainment options abound in nearby districts, and green escapes like Druid Hill Park and attractions such as The Baltimore Museum of Art and Maryland Zoo are just minutes away. This is city living with convenience and character. Mortgage savings may be available for buyers of this listing.

Key facts

• Front porch
• Rear deck
• Refreshed kitchen

Tags

• LUXURY VINYL PLANK FLOORING
• EXPOSED BRICK ACCENT WALL
• REFRESHED KITCHEN
• FRONT PORCH
• REAR DECK
• PRIVATE FENCED BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $150k.

Deal economics

• At list price, monthly cash flow is $362 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• 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 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); lower-income renter base — watch delinquency; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• At $1,669/mo this rent would consume 48% 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 $1k 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 + 6.1% rent growth), your $42k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 30y 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 $11k; list at $150k implies a 1264% 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 $150,000

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: 1.11% ✓
• Cap rate: 9.19%
• Cash-on-cash: 10.33%
• DSCR: 1.46
• GRM: 7.5

CMA / ARV

• ARV (median comp): $105,635
• List price: $150,000
• Delta: 42.00%
• 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
2818 Woodbrook Ave	0.42mi	3/1.0	1,232 (-4%)	3mo	$45,500	$37	71
2820 Woodbrook Ave	0.42mi	3/1.5	1,232 (-4%)	2mo	$85,000	$69	70
1537 N Smallwood St	0.35mi	3/1.5	1,200 (-6%)	3mo	$56,000	$47	68
700 Cumberland St	0.57mi	4/2.0 (+1)	1,280 (-0%)	3mo	$107,800	$84	62
1722 N Bentalou St	0.22mi	4/2.0 (+1)	1,450 (+13%)	3mo	$245,000	$169	57
1541 N Pulaski St	0.36mi	3/1.0	1,100 (-14%)	3mo	$115,000	$105	57
1603 Clifton Ave	0.40mi	3/1.0	1,100 (-14%)	2mo	$130,000	$118	56
1719 Baker St	0.52mi	2/1.0 (-1)	1,400 (+9%)	2mo	$19,250	$14	54
2305 Poplar Grove St	0.70mi	3/2.0	1,200 (-6%)	1mo	$118,000	$98	51
2727 Baker St	0.59mi	3/1.0	1,116 (-13%)	3mo	$125,000	$112	48
2453 Mcculloh St	0.74mi	3/1.0	1,460 (+14%)	3mo	$99,900	$68	40
2829 Baker St	0.74mi	4/3.5 (+1)	1,460 (+14%)	2mo	$215,400	$148	26

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: 2.4%
• Equity multiple: 1.10×
• Total profit: $4,077
• Equity at exit: $22,365

10-year hold

• IRR: 14.7%
• Equity multiple: 2.35×
• Total profit: $56,600
• Equity at exit: $12,969

Cash invested: $42,000 (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: 7.5×

Monthly cashflow live

• Estimated rent: $1,669 high
• Mortgage (P&I): −$787
• Tax from tax record: −$108 /mo · $1,297/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$351
• Net cashflow: $362

Break-even live

Break-even rent $1,212

Max offer price $150,000

Occupancy floor 73%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2204 Clifton Ave Baltimore, MD	3.0	1.0	1400	$1,450	$1.04	4d	1	0.07mi
1816 N Bentalou St Baltimore, MD	3.0	2.0	1350	$1,700	$1.26	24d	1	0.15mi
1816 N Bentalou St Baltimore, MD	3.0	2.0	1350	$1,700	$1.26	11d	1	0.15mi
1930 N Payson St Baltimore, MD	2.0	2.0	980	$1,500	$1.53	24d	1	0.16mi
2405 W North Ave Baltimore, MD	4.0	3.0	1826	$1,900	$1.04	4d	1	0.21mi
1617-A Moreland Ave Unit 2nd Flr Baltimore, MD	2.0	1.0	1500	$1,400	$0.93	44d	1	0.28mi
1722 N Monroe St Baltimore, MD	3.0	1.5	1000	$1,350	$1.35	24d	1	0.31mi
1617 Moreland Ave Baltimore, MD	2.0	1.0	900	$1,450	$1.61	24d	1	0.32mi
2201 Whittier Ave Baltimore, MD	4.0	2.0	1750	$1,700	$0.97	18d	1	0.40mi
2201 Whittier Ave Baltimore, MD	4.0	2.0	1750	$1,700	$0.97	44d	1	0.40mi
1729 N Fulton Ave Baltimore, MD	3.0	2.0	1081	$1,795	$1.66	44d	1	0.41mi
2636 W North Ave Baltimore, MD	2.0–3.0	1.0–2.0	975	$1,475	$1.51	4d	1	0.42mi
2231 Orem Ave Baltimore, MD	3.0	1.5	1140	$1,750	$1.54	17d	1	0.43mi
1501 N Payson St Baltimore, MD	3.0	1.0	1400	$1,550	$1.11	44d	1	0.44mi
2636 Pennsylvania Ave Baltimore, MD	1.0–2.0	1.0	846	$956	$1.13	24d	4	0.44mi
1806 N Mount St Baltimore, MD	3.0	3.0	1200	$1,700	$1.42	20d	1	0.44mi
1616 N Fulton Ave Baltimore, MD	3.0	2.0	1620	$1,795	$1.11	4d	1	0.44mi
2301 Whittier Ave Unit 3 Baltimore, MD	2.0	2.0	1104	$1,650	$1.49	44d	1	0.45mi
2301 Whittier Ave Unit 1 Baltimore, MD	2.0	1.0	1104	$1,400	$1.27	44d	1	0.45mi
2301 Whittier Ave Unit 2 Baltimore, MD	2.0	2.0	1104	$1,400	$1.27	44d	1	0.45mi
2614 Pennsylvania Ave Baltimore, MD	1.0–3.0	1.0–2.0	982	$1,141	$1.16	4d	4	0.45mi
1624 Westwood Ave Baltimore, MD	3.0	2.0	1000	$1,900	$1.90	44d	1	0.48mi
3401 Woodbrook Ave Unit 1 Baltimore, MD	3.0	1.0	900	$1,199	$1.33	24d	1	0.50mi
2505 Woodbrook Ave Baltimore, MD	4.0	2.0	1256	$1,745	$1.39	2d	1	0.53mi
2330 Bryant Ave Unit 4 Baltimore, MD	2.0	1.0	950	$1,500	$1.58	20d	1	0.53mi
1516 N Mount St Baltimore, MD	3.0	1.5	1830	$1,750	$0.96	15d	1	0.55mi
1433 N Fulton Ave Baltimore, MD	2.0	1.0	1200	$1,500	$1.25	44d	1	0.57mi
3104 Tioga Pkwy Baltimore, MD	3.0	2.0	1640	$2,050	$1.25	22d	1	0.57mi
1515 Retreat St Baltimore, MD	3.0	2.0	1098	$1,800	$1.64	24d	1	0.57mi
1507 Retreat St Unit 1 Baltimore, MD	3.0	3.0	1098	$2,500	$2.28	44d	1	0.59mi
1614 N Calhoun St Baltimore, MD	2.0	1.0	950	$1,300	$1.37	44d	1	0.60mi
2812 Clifton Ave Baltimore, MD	3.0	1.5	1650	$1,850	$1.12	44d	1	0.63mi
1534 N Stricker St Baltimore, MD	2.0	1.5	900	$1,475	$1.64	15d	1	0.66mi
2409 Francis St Baltimore, MD	3.0	1.0	1298	$1,500	$1.16	44d	1	0.68mi
519 Sanford Pl Baltimore, MD	3.0	1.0	1300	$1,650	$1.27	16d	1	0.69mi
2449 Druid Hill Ave Baltimore, MD	2.0	1.0	1100	$1,800	$1.64	44d	1	0.70mi
2433 Druid Hill Ave Baltimore, MD	2.0	2.5	1092	$1,999	$1.83	44d	1	0.71mi
2917 Clifton Ave Baltimore, MD	4.0	4.0	1700	$2,150	$1.26	24d	1	0.72mi
2800 Presstman St Baltimore, MD	3.0	2.5	1460	$1,799	$1.23	24d	1	0.72mi
2301 Riggs Ave Baltimore, MD	3.0	2.0	1072	$1,600	$1.49	24d	1	0.73mi

Listing history 28 events

1. 2026-06-18
   days on market $150,000 Active 14 DOM
2. 2026-06-17
   days on market $150,000 Active 13 DOM
3. 2026-06-16
   days on market $150,000 Active 12 DOM
4. 2026-06-15
   days on market $150,000 Active 11 DOM
5. 2026-06-13
   days on market $150,000 Active 9 DOM
6. 2026-06-09
   days on market $150,000 Active 5 DOM
7. 2026-06-08
   days on market $150,000 Active 4 DOM
8. 2026-06-07
   remarks 693-char remark
9. 2026-06-07
   days on marketlisting id $150,000 Active 3 DOM
10. 2026-06-04
    days on market $150,000 Active 41 DOM
11. 2026-06-03
    days on market $150,000 Active 40 DOM
12. 2026-06-02
    days on market $150,000 Active 39 DOM
13. 2026-06-01
    days on market $150,000 Active 38 DOM
14. 2026-05-31
    days on market $150,000 Active 37 DOM
15. 2026-04-24
    listed $150,000 Active 1343-char remark

    Show marketing remark (1343 chars)

    Pick your buyer concession: Interest rate buydown or closing assistance!!! Beautifully renovated and move-in ready, 2002 N Smallwood Street offers the perfect blend of classic Baltimore charm and modern updates. Step inside to find luxury vinyl plank flooring on the main level, where a light-filled living room with an exposed brick accent wall flows into the dining area and a refreshed kitchen. From here, step out to the deck and fenced backyard—ideal for relaxing or entertaining—with the bonus of a welcoming front porch. Upstairs, three carpeted bedrooms and a gorgeous new full bath provide comfort and style. The lower level is a blank canvas, ready to be transformed into a home gym, office, or recreation space. Outside, this home’s location puts you close to everything—whether commuting or exploring. Major employers like Johns Hopkins, University of Maryland Medical Center, and downtown business hubs are within reach, while nearby metro and bus lines make travel around the city simple. Shopping, dining, and entertainment options abound in nearby districts, and green escapes like Druid Hill Park and attractions such as The Baltimore Museum of Art and Maryland Zoo are just minutes away. This is city living with convenience and character. Mortgage savings may be available for buyers of this listing.

16. 2026-03-05
    historical
17. 2026-01-14
    listed $125,000 Active
18. 2026-01-14
    historical
19. 2025-10-29
    listed $140,000 Active
20. 2025-10-29
    historical
21. 2025-09-24
    listed $150,000 Active
22. 2025-09-17
    historical
23. 2002-11-29
    soldstatus $11,000
24. 2002-10-18
    historical
25. 2002-08-09
    listed $11,000
26. 1997-08-08
    historical
27. 1997-07-25
    soldstatus $54,000
28. 1996-12-10
    listed

ⓘ 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: $1,297 · $108/mo
• Projected year-2 tax: $1,466 · $122/mo
• Expected delta: +$169/yr (+$14/mo · 13.1%)

ⓘ 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: $20,034
• − Mortgage interest: −$8,402
• − Property taxes: −$1,297
• − Insurance: −$750
• − Repairs & maintenance: −$1,603
• − Management: −$1,603
• − Depreciation: −$4,364
• Taxable income: $2,016
• Est. tax owed @ 24.0%: −$484
• After-tax cash flow: $3,857/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

+177.8% since first listed

14 events — show timeline

• 2026-04-24 Listed $150,000 BRIGHT MLS
• 2026-03-05 Listing Removed — BRIGHT MLS
• 2026-01-14 Listing Removed — BRIGHT MLS
• 2026-01-14 Listed $125,000 BRIGHT MLS
• 2025-10-29 Listing Removed — BRIGHT MLS
• 2025-10-29 Listed $140,000 BRIGHT MLS
• 2025-09-24 Listed $150,000 BRIGHT MLS
• 2025-09-17 Coming Soon — BRIGHT MLS
• 2002-11-29 Sold (MLS) $11,000 MRIS
• 2002-10-18 Delisted — MRIS
• 2002-08-09 Listed $11,000 MRIS
• 1997-08-08 Delisted — MRIS
• 1997-07-25 Sold (Public Records) $54,000 Public Records
• 1996-12-10 Listed — MRIS

Property tax history

+4.5%/yr

Latest (2025): $1,297 · +10.1% YoY. Source: county tax records.