220 N Luzerne Ave · Baltimore, MD 21224

$148,000

3 bd · 1.0 ba · 1,372 sqft · Townhouse public records · 238 Days on market

Built 1910 $108/sqft · 11% below area Est $166k · 11% 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 +30.0/30.0
• ARV discount +12.4/15.0
• DSCR +10.0/10.0
• 1% rule +9.1/10.0
• 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

Exceptional Investment Opportunity in Baltimore - 3 row homes portfolio deal - Seller open to individual purchases, i. e. , one does NOT have to purchase all 3 homes. This is one of 3 homes which is being sold. Portfolio Addresses Include: 220 N Luzerne Ave (vacant) • 225 N Luzerne Ave (vacant) • 119 N Curley St (tenant-occupied). Properties sold as-is, buyer responsible for verifying ground rent. Offers must include: proof of funds, EMD, and all seller-signed addenda/disclosures included in Bright Documents. Rent roll available upon request. Video virtual tours are available in the Additional Media section (click camcorder icon next to bright documents icon). This rare portfolio of 3 row homes offers a compelling opportunity to secure a high-performing, CASH-FLOWING investment in the heart of Baltimore City. These properties are situated in established neighborhoods including Highlandtown, Westport, McElderry Park, and East Baltimore. The homes feature classic Baltimore architecture with 2 to 3 bedrooms and approximately 936 to 1,372 square feet of above-ground living space. Each property includes a basement and one out of 3 homes are section 8 tenant-occupied—ensuring regular inspections and consistent property maintenance. Conveniently located near local parks, restaurants, shopping, and major commuter routes such as I-95, I-895, and Route 40, these properties offer easy access to downtown Baltimore and surrounding areas.

Key facts

• Tenant occupied
• Basement
• Built 1910

Tags

• INVESTMENT OPPORTUNITY
• TENANT OCCUPIED
• CLASSIC BALTIMORE ARCHITECTURE
• BASEMENT
• EASY ACCESS TO DOWNTOWN

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $148k.

Deal economics

• At list price, monthly cash flow is $569 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $148k).
• Recommended offer: $130k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.9% 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); 393 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $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 + 1.3% rent growth), your $41k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 238 days — a 12% lower offer ($130k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 30y ago; this cycle's ask is 9448% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: built in 1910 — 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 $130,240 (12.0% below list)

Questions for the listing agent

1. It's been on market 238 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 1910 — 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: 1.41% ✓
• Cap rate: 10.90%
• Cash-on-cash: 16.46%
• DSCR: 1.73
• GRM: 5.9

CMA / ARV

• ARV (median comp): $166,108
• List price: $148,000
• Delta: -10.90%
• 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
220 N Luzerne Ave	0.00mi	3/1.0	1,372 (0%)	1mo	$120,000	$87	99
145 N Milton Ave	0.09mi	2/2.0 (-1)	1,353 (-1%)	1mo	$260,000	$192	84
2435 Jefferson St	0.13mi	3/1.0	1,260 (-8%)	1mo	$140,000	$111	80
36 N Decker Ave	0.38mi	3/2.0	1,430 (+4%)	0mo	$325,000	$227	71
410 N Patterson Park Ave	0.23mi	3/1.0	1,180 (-14%)	0mo	$180,000	$153	66
18 S Washington St	0.53mi	3/3.0	1,410 (+3%)	0mo	$318,000	$226	62
410 N Chester St	0.38mi	2/1.5 (-1)	1,260 (-8%)	1mo	$180,000	$143	61
219 S Washington St	0.62mi	3/2.0	1,434 (+4%)	0mo	$350,000	$244	59
122 Ellwood Ave	0.40mi	3/1.5	1,200 (-12%)	0mo	$235,000	$196	58
1009 N Washington St N	0.69mi	2/2.5 (-1)	1,386 (+1%)	0mo	$235,000	$170	55
280 S Robinson St	0.64mi	2/1.0 (-1)	1,282 (-7%)	1mo	$294,000	$229	54
325 S Castle St	0.66mi	2/1.5 (-1)	1,196 (-13%)	0mo	$275,000	$230	40

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: 5.6%
• Equity multiple: 1.21×
• Total profit: $8,799
• Equity at exit: $22,067

10-year hold

• IRR: 13.4%
• Equity multiple: 1.98×
• Total profit: $40,696
• Equity at exit: $12,796

Cash invested: $41,440 (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: 393
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $2,091 high
• Mortgage (P&I): −$776
• Tax from tax record: −$246 /mo · $2,950/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$439
• Net cashflow: $569

Break-even live

Break-even rent $1,372

Max offer price $148,000

Occupancy floor 68%

Sensitivity live

Price	-10% $652	-5% $610	+0% $569	+5% $527	+10% $485
Rent	-10% $403	-5% $486	+0% $569	+5% $651	+10% $734
Rate	-1.0pp $643	-0.5pp $606	base $569	+0.5pp $530	+1.0pp $491

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: $37,000
• Closing costs: $4,440
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
227 N Rose St Baltimore, MD	2.0	4.0	1420	$1,600	$1.13	25d	1	0.02mi
233 N Rose St Baltimore, MD	2.0	2.5	934	$1,750	$1.87	19d	1	0.03mi
224 N Rose St Baltimore, MD	2.0	2.5	1120	$1,875	$1.67	19d	1	0.03mi
225 N Luzerne Ave Baltimore, MD	3.0	1.0	1198	$1,350	$1.13	20d	1	0.03mi
230 N Rose St Baltimore, MD	2.0	1.5	1200	$1,545	$1.29	45d	1	0.03mi
233 N Luzerne Ave Baltimore, MD	3.0	2.5	1700	$2,250	$1.32	23d	1	0.03mi
218 N Glover St Baltimore, MD	2.0	2.0	1360	$1,750	$1.29	45d	1	0.05mi
2608 E Fayette St Unit 1 Baltimore, MD	2.0	1.0	900	$1,700	$1.89	16d	1	0.06mi
2619 E Fayette St Baltimore, MD	3.0	2.0	1600	$1,900	$1.19	45d	1	0.08mi
402 N Milton Ave Unit 402B Baltimore, MD	2.0	1.0	950	$1,290	$1.36	45d	1	0.09mi
425 N Milton Ave Baltimore, MD	3.0	1.0	1200	$1,525	$1.27	16d	1	0.10mi
127 N Glover St Baltimore, MD	2.0	1.5	1110	$2,100	$1.89	4d	1	0.10mi
104 N Rose St Baltimore, MD	3.0	2.0	936	$2,500	$2.67	45d	1	0.10mi
415 N Glover St Baltimore, MD	2.0	2.5	1092	$1,600	$1.47	25d	1	0.11mi
2410 E Fayette St Baltimore, MD	3.0	1.0	1224	$1,800	$1.47	45d	1	0.12mi
139 N Lakewood Ave Baltimore, MD	4.0	2.5	1370	$2,500	$1.82	45d	1	0.13mi
139 N Lakewood Ave Unit 1 Baltimore, MD	4.0	2.0	1370	$2,500	$1.82	45d	1	0.13mi
437 N Montford Ave Baltimore, MD	3.0	1.5	1100	$1,450	$1.32	45d	1	0.15mi
415 N Belnord Ave Baltimore, MD	2.0	1.0	1008	$1,300	$1.29	25d	1	0.16mi
9 N Luzerne Ave Baltimore, MD	3.0	2.5	1380	$2,450	$1.78	5d	1	0.17mi
420 N Montford Ave Baltimore, MD	3.0	1.0	1350	$1,450	$1.07	45d	1	0.17mi
539 N Luzerne Ave Baltimore, MD	3.0	2.5	1702	$2,300	$1.35	45d	1	0.18mi
2317 E Fayette St Baltimore, MD	3.0	1.5	1315	$2,000	$1.52	14d	1	0.18mi
2431 McElderry St Baltimore, MD	4.0	2.5	1600	$2,100	$1.31	45d	1	0.20mi
533 N Lakewood Ave Baltimore, MD	4.0	3.5	1758	$4,500	$2.56	45d	1	0.20mi
2800 Orleans St Baltimore, MD	3.0	1.0	1404	$1,600	$1.14	19d	1	0.20mi
2800 Orleans St Baltimore, MD	3.0	1.0	1404	$1,600	$1.14	16d	1	0.20mi
143 N Patterson Park Ave Baltimore, MD	4.0	3.5	1650	$3,700	$2.24	25d	1	0.21mi
537 N Lakewood Ave Baltimore, MD	3.0	3.5	1755	$2,050	$1.17	45d	1	0.21mi
2608 McElderry St Baltimore, MD	3.0	1.0	1144	$1,550	$1.35	25d	1	0.21mi
2308 Jefferson St Baltimore, MD	3.0	1.0	907	$1,450	$1.60	45d	1	0.22mi
2815 Orleans St Baltimore, MD	2.0	1.0	1204	$1,600	$1.33	3d	1	0.22mi
531 N Belnord Ave Baltimore, MD	2.0	1.5	1100	$1,700	$1.55	25d	1	0.23mi
16 N Bradford St Baltimore, MD	2.0	3.5	930	$2,400	$2.58	5d	1	0.24mi
2242 E Fairmount Ave Baltimore, MD	3.0	2.0	1345	$2,850	$2.12	45d	1	0.25mi
627 N Lakewood Ave Baltimore, MD	3.0	2.5	1175	$1,900	$1.62	23d	1	0.25mi
2209 Mullikin St Baltimore, MD	3.0	2.5	1512	$1,900	$1.26	5d	1	0.26mi
10 N Streeper St Baltimore, MD	3.0	2.5	1440	$2,500	$1.74	25d	1	0.26mi
34 N Linwood Ave Baltimore, MD	2.0	1.5	1288	$2,400	$1.86	25d	1	0.27mi
108 N Madeira St Baltimore, MD	2.0	2.0	1098	$1,900	$1.73	45d	1	0.27mi

Listing history 30 events

1. 2026-05-20
   historical $1,350

   Show marketing remark (1464 chars)

   Exceptional Investment Opportunity in Baltimore - 3 row homes portfolio deal - Seller open to individual purchases, i. e. , one does NOT have to purchase all 3 homes. This is one of 3 homes which is being sold. Portfolio Addresses Include: 220 N Luzerne Ave (vacant) • 225 N Luzerne Ave (vacant) • 119 N Curley St (tenant-occupied). Properties sold as-is, buyer responsible for verifying ground rent. Offers must include: proof of funds, EMD, and all seller-signed addenda/disclosures included in Bright Documents. Rent roll available upon request. Video virtual tours are available in the Additional Media section (click camcorder icon next to bright documents icon). This rare portfolio of 3 row homes offers a compelling opportunity to secure a high-performing, CASH-FLOWING investment in the heart of Baltimore City. These properties are situated in established neighborhoods including Highlandtown, Westport, McElderry Park, and East Baltimore. The homes feature classic Baltimore architecture with 2 to 3 bedrooms and approximately 936 to 1,372 square feet of above-ground living space. Each property includes a basement and one out of 3 homes are section 8 tenant-occupied—ensuring regular inspections and consistent property maintenance. Conveniently located near local parks, restaurants, shopping, and major commuter routes such as I-95, I-895, and Route 40, these properties offer easy access to downtown Baltimore and surrounding areas.

2. 2026-05-20
   status Pending 1464-char remark

   Show marketing remark (1464 chars)

   Exceptional Investment Opportunity in Baltimore - 3 row homes portfolio deal - Seller open to individual purchases, i. e. , one does NOT have to purchase all 3 homes. This is one of 3 homes which is being sold. Portfolio Addresses Include: 220 N Luzerne Ave (vacant) • 225 N Luzerne Ave (vacant) • 119 N Curley St (tenant-occupied). Properties sold as-is, buyer responsible for verifying ground rent. Offers must include: proof of funds, EMD, and all seller-signed addenda/disclosures included in Bright Documents. Rent roll available upon request. Video virtual tours are available in the Additional Media section (click camcorder icon next to bright documents icon). This rare portfolio of 3 row homes offers a compelling opportunity to secure a high-performing, CASH-FLOWING investment in the heart of Baltimore City. These properties are situated in established neighborhoods including Highlandtown, Westport, McElderry Park, and East Baltimore. The homes feature classic Baltimore architecture with 2 to 3 bedrooms and approximately 936 to 1,372 square feet of above-ground living space. Each property includes a basement and one out of 3 homes are section 8 tenant-occupied—ensuring regular inspections and consistent property maintenance. Conveniently located near local parks, restaurants, shopping, and major commuter routes such as I-95, I-895, and Route 40, these properties offer easy access to downtown Baltimore and surrounding areas.

3. 2026-04-24
   price $1,350
4. 2026-03-27
   status Active 1464-char remark

   Show marketing remark (1464 chars)

   Exceptional Investment Opportunity in Baltimore - 3 row homes portfolio deal - Seller open to individual purchases, i. e. , one does NOT have to purchase all 3 homes. This is one of 3 homes which is being sold. Portfolio Addresses Include: 220 N Luzerne Ave (vacant) • 225 N Luzerne Ave (vacant) • 119 N Curley St (tenant-occupied). Properties sold as-is, buyer responsible for verifying ground rent. Offers must include: proof of funds, EMD, and all seller-signed addenda/disclosures included in Bright Documents. Rent roll available upon request. Video virtual tours are available in the Additional Media section (click camcorder icon next to bright documents icon). This rare portfolio of 3 row homes offers a compelling opportunity to secure a high-performing, CASH-FLOWING investment in the heart of Baltimore City. These properties are situated in established neighborhoods including Highlandtown, Westport, McElderry Park, and East Baltimore. The homes feature classic Baltimore architecture with 2 to 3 bedrooms and approximately 936 to 1,372 square feet of above-ground living space. Each property includes a basement and one out of 3 homes are section 8 tenant-occupied—ensuring regular inspections and consistent property maintenance. Conveniently located near local parks, restaurants, shopping, and major commuter routes such as I-95, I-895, and Route 40, these properties offer easy access to downtown Baltimore and surrounding areas.

5. 2026-02-06
   listed $1,550
6. 2026-02-05
   historical Active Under Contract 1464-char remark

   Show marketing remark (1464 chars)

   Exceptional Investment Opportunity in Baltimore - 3 row homes portfolio deal - Seller open to individual purchases, i. e. , one does NOT have to purchase all 3 homes. This is one of 3 homes which is being sold. Portfolio Addresses Include: 220 N Luzerne Ave (vacant) • 225 N Luzerne Ave (vacant) • 119 N Curley St (tenant-occupied). Properties sold as-is, buyer responsible for verifying ground rent. Offers must include: proof of funds, EMD, and all seller-signed addenda/disclosures included in Bright Documents. Rent roll available upon request. Video virtual tours are available in the Additional Media section (click camcorder icon next to bright documents icon). This rare portfolio of 3 row homes offers a compelling opportunity to secure a high-performing, CASH-FLOWING investment in the heart of Baltimore City. These properties are situated in established neighborhoods including Highlandtown, Westport, McElderry Park, and East Baltimore. The homes feature classic Baltimore architecture with 2 to 3 bedrooms and approximately 936 to 1,372 square feet of above-ground living space. Each property includes a basement and one out of 3 homes are section 8 tenant-occupied—ensuring regular inspections and consistent property maintenance. Conveniently located near local parks, restaurants, shopping, and major commuter routes such as I-95, I-895, and Route 40, these properties offer easy access to downtown Baltimore and surrounding areas.

7. 2026-02-04
   status Active 1464-char remark

   Show marketing remark (1464 chars)

   Exceptional Investment Opportunity in Baltimore - 3 row homes portfolio deal - Seller open to individual purchases, i. e. , one does NOT have to purchase all 3 homes. This is one of 3 homes which is being sold. Portfolio Addresses Include: 220 N Luzerne Ave (vacant) • 225 N Luzerne Ave (vacant) • 119 N Curley St (tenant-occupied). Properties sold as-is, buyer responsible for verifying ground rent. Offers must include: proof of funds, EMD, and all seller-signed addenda/disclosures included in Bright Documents. Rent roll available upon request. Video virtual tours are available in the Additional Media section (click camcorder icon next to bright documents icon). This rare portfolio of 3 row homes offers a compelling opportunity to secure a high-performing, CASH-FLOWING investment in the heart of Baltimore City. These properties are situated in established neighborhoods including Highlandtown, Westport, McElderry Park, and East Baltimore. The homes feature classic Baltimore architecture with 2 to 3 bedrooms and approximately 936 to 1,372 square feet of above-ground living space. Each property includes a basement and one out of 3 homes are section 8 tenant-occupied—ensuring regular inspections and consistent property maintenance. Conveniently located near local parks, restaurants, shopping, and major commuter routes such as I-95, I-895, and Route 40, these properties offer easy access to downtown Baltimore and surrounding areas.

8. 2026-02-04
   historical Active Under Contract 1464-char remark

   Show marketing remark (1464 chars)

   Exceptional Investment Opportunity in Baltimore - 3 row homes portfolio deal - Seller open to individual purchases, i. e. , one does NOT have to purchase all 3 homes. This is one of 3 homes which is being sold. Portfolio Addresses Include: 220 N Luzerne Ave (vacant) • 225 N Luzerne Ave (vacant) • 119 N Curley St (tenant-occupied). Properties sold as-is, buyer responsible for verifying ground rent. Offers must include: proof of funds, EMD, and all seller-signed addenda/disclosures included in Bright Documents. Rent roll available upon request. Video virtual tours are available in the Additional Media section (click camcorder icon next to bright documents icon). This rare portfolio of 3 row homes offers a compelling opportunity to secure a high-performing, CASH-FLOWING investment in the heart of Baltimore City. These properties are situated in established neighborhoods including Highlandtown, Westport, McElderry Park, and East Baltimore. The homes feature classic Baltimore architecture with 2 to 3 bedrooms and approximately 936 to 1,372 square feet of above-ground living space. Each property includes a basement and one out of 3 homes are section 8 tenant-occupied—ensuring regular inspections and consistent property maintenance. Conveniently located near local parks, restaurants, shopping, and major commuter routes such as I-95, I-895, and Route 40, these properties offer easy access to downtown Baltimore and surrounding areas.

9. 2026-02-01
   historical $1,495
10. 2026-01-04
    listed $1,495
11. 2026-01-02
    price $148,000 1464-char remark

    Show marketing remark (1464 chars)

    Exceptional Investment Opportunity in Baltimore - 3 row homes portfolio deal - Seller open to individual purchases, i. e. , one does NOT have to purchase all 3 homes. This is one of 3 homes which is being sold. Portfolio Addresses Include: 220 N Luzerne Ave (vacant) • 225 N Luzerne Ave (vacant) • 119 N Curley St (tenant-occupied). Properties sold as-is, buyer responsible for verifying ground rent. Offers must include: proof of funds, EMD, and all seller-signed addenda/disclosures included in Bright Documents. Rent roll available upon request. Video virtual tours are available in the Additional Media section (click camcorder icon next to bright documents icon). This rare portfolio of 3 row homes offers a compelling opportunity to secure a high-performing, CASH-FLOWING investment in the heart of Baltimore City. These properties are situated in established neighborhoods including Highlandtown, Westport, McElderry Park, and East Baltimore. The homes feature classic Baltimore architecture with 2 to 3 bedrooms and approximately 936 to 1,372 square feet of above-ground living space. Each property includes a basement and one out of 3 homes are section 8 tenant-occupied—ensuring regular inspections and consistent property maintenance. Conveniently located near local parks, restaurants, shopping, and major commuter routes such as I-95, I-895, and Route 40, these properties offer easy access to downtown Baltimore and surrounding areas.

12. 2026-01-02
    status Active 1464-char remark

    Show marketing remark (1464 chars)

    Exceptional Investment Opportunity in Baltimore - 3 row homes portfolio deal - Seller open to individual purchases, i. e. , one does NOT have to purchase all 3 homes. This is one of 3 homes which is being sold. Portfolio Addresses Include: 220 N Luzerne Ave (vacant) • 225 N Luzerne Ave (vacant) • 119 N Curley St (tenant-occupied). Properties sold as-is, buyer responsible for verifying ground rent. Offers must include: proof of funds, EMD, and all seller-signed addenda/disclosures included in Bright Documents. Rent roll available upon request. Video virtual tours are available in the Additional Media section (click camcorder icon next to bright documents icon). This rare portfolio of 3 row homes offers a compelling opportunity to secure a high-performing, CASH-FLOWING investment in the heart of Baltimore City. These properties are situated in established neighborhoods including Highlandtown, Westport, McElderry Park, and East Baltimore. The homes feature classic Baltimore architecture with 2 to 3 bedrooms and approximately 936 to 1,372 square feet of above-ground living space. Each property includes a basement and one out of 3 homes are section 8 tenant-occupied—ensuring regular inspections and consistent property maintenance. Conveniently located near local parks, restaurants, shopping, and major commuter routes such as I-95, I-895, and Route 40, these properties offer easy access to downtown Baltimore and surrounding areas.

13. 2025-12-31
    historical 1464-char remark

    Show marketing remark (1464 chars)

    Exceptional Investment Opportunity in Baltimore - 3 row homes portfolio deal - Seller open to individual purchases, i. e. , one does NOT have to purchase all 3 homes. This is one of 3 homes which is being sold. Portfolio Addresses Include: 220 N Luzerne Ave (vacant) • 225 N Luzerne Ave (vacant) • 119 N Curley St (tenant-occupied). Properties sold as-is, buyer responsible for verifying ground rent. Offers must include: proof of funds, EMD, and all seller-signed addenda/disclosures included in Bright Documents. Rent roll available upon request. Video virtual tours are available in the Additional Media section (click camcorder icon next to bright documents icon). This rare portfolio of 3 row homes offers a compelling opportunity to secure a high-performing, CASH-FLOWING investment in the heart of Baltimore City. These properties are situated in established neighborhoods including Highlandtown, Westport, McElderry Park, and East Baltimore. The homes feature classic Baltimore architecture with 2 to 3 bedrooms and approximately 936 to 1,372 square feet of above-ground living space. Each property includes a basement and one out of 3 homes are section 8 tenant-occupied—ensuring regular inspections and consistent property maintenance. Conveniently located near local parks, restaurants, shopping, and major commuter routes such as I-95, I-895, and Route 40, these properties offer easy access to downtown Baltimore and surrounding areas.

14. 2025-11-16
    historical $1,650
15. 2025-11-03
    status Active 1464-char remark

    Show marketing remark (1464 chars)

    Exceptional Investment Opportunity in Baltimore - 3 row homes portfolio deal - Seller open to individual purchases, i. e. , one does NOT have to purchase all 3 homes. This is one of 3 homes which is being sold. Portfolio Addresses Include: 220 N Luzerne Ave (vacant) • 225 N Luzerne Ave (vacant) • 119 N Curley St (tenant-occupied). Properties sold as-is, buyer responsible for verifying ground rent. Offers must include: proof of funds, EMD, and all seller-signed addenda/disclosures included in Bright Documents. Rent roll available upon request. Video virtual tours are available in the Additional Media section (click camcorder icon next to bright documents icon). This rare portfolio of 3 row homes offers a compelling opportunity to secure a high-performing, CASH-FLOWING investment in the heart of Baltimore City. These properties are situated in established neighborhoods including Highlandtown, Westport, McElderry Park, and East Baltimore. The homes feature classic Baltimore architecture with 2 to 3 bedrooms and approximately 936 to 1,372 square feet of above-ground living space. Each property includes a basement and one out of 3 homes are section 8 tenant-occupied—ensuring regular inspections and consistent property maintenance. Conveniently located near local parks, restaurants, shopping, and major commuter routes such as I-95, I-895, and Route 40, these properties offer easy access to downtown Baltimore and surrounding areas.

16. 2025-10-31
    historical 1464-char remark

    Show marketing remark (1464 chars)

    Exceptional Investment Opportunity in Baltimore - 3 row homes portfolio deal - Seller open to individual purchases, i. e. , one does NOT have to purchase all 3 homes. This is one of 3 homes which is being sold. Portfolio Addresses Include: 220 N Luzerne Ave (vacant) • 225 N Luzerne Ave (vacant) • 119 N Curley St (tenant-occupied). Properties sold as-is, buyer responsible for verifying ground rent. Offers must include: proof of funds, EMD, and all seller-signed addenda/disclosures included in Bright Documents. Rent roll available upon request. Video virtual tours are available in the Additional Media section (click camcorder icon next to bright documents icon). This rare portfolio of 3 row homes offers a compelling opportunity to secure a high-performing, CASH-FLOWING investment in the heart of Baltimore City. These properties are situated in established neighborhoods including Highlandtown, Westport, McElderry Park, and East Baltimore. The homes feature classic Baltimore architecture with 2 to 3 bedrooms and approximately 936 to 1,372 square feet of above-ground living space. Each property includes a basement and one out of 3 homes are section 8 tenant-occupied—ensuring regular inspections and consistent property maintenance. Conveniently located near local parks, restaurants, shopping, and major commuter routes such as I-95, I-895, and Route 40, these properties offer easy access to downtown Baltimore and surrounding areas.

17. 2025-09-12
    price $160,000 1464-char remark

    Show marketing remark (1464 chars)

    Exceptional Investment Opportunity in Baltimore - 3 row homes portfolio deal - Seller open to individual purchases, i. e. , one does NOT have to purchase all 3 homes. This is one of 3 homes which is being sold. Portfolio Addresses Include: 220 N Luzerne Ave (vacant) • 225 N Luzerne Ave (vacant) • 119 N Curley St (tenant-occupied). Properties sold as-is, buyer responsible for verifying ground rent. Offers must include: proof of funds, EMD, and all seller-signed addenda/disclosures included in Bright Documents. Rent roll available upon request. Video virtual tours are available in the Additional Media section (click camcorder icon next to bright documents icon). This rare portfolio of 3 row homes offers a compelling opportunity to secure a high-performing, CASH-FLOWING investment in the heart of Baltimore City. These properties are situated in established neighborhoods including Highlandtown, Westport, McElderry Park, and East Baltimore. The homes feature classic Baltimore architecture with 2 to 3 bedrooms and approximately 936 to 1,372 square feet of above-ground living space. Each property includes a basement and one out of 3 homes are section 8 tenant-occupied—ensuring regular inspections and consistent property maintenance. Conveniently located near local parks, restaurants, shopping, and major commuter routes such as I-95, I-895, and Route 40, these properties offer easy access to downtown Baltimore and surrounding areas.

18. 2025-08-23
    listed $1,650
19. 2025-08-21
    price $175,000 1464-char remark

    Show marketing remark (1464 chars)

    Exceptional Investment Opportunity in Baltimore - 3 row homes portfolio deal - Seller open to individual purchases, i. e. , one does NOT have to purchase all 3 homes. This is one of 3 homes which is being sold. Portfolio Addresses Include: 220 N Luzerne Ave (vacant) • 225 N Luzerne Ave (vacant) • 119 N Curley St (tenant-occupied). Properties sold as-is, buyer responsible for verifying ground rent. Offers must include: proof of funds, EMD, and all seller-signed addenda/disclosures included in Bright Documents. Rent roll available upon request. Video virtual tours are available in the Additional Media section (click camcorder icon next to bright documents icon). This rare portfolio of 3 row homes offers a compelling opportunity to secure a high-performing, CASH-FLOWING investment in the heart of Baltimore City. These properties are situated in established neighborhoods including Highlandtown, Westport, McElderry Park, and East Baltimore. The homes feature classic Baltimore architecture with 2 to 3 bedrooms and approximately 936 to 1,372 square feet of above-ground living space. Each property includes a basement and one out of 3 homes are section 8 tenant-occupied—ensuring regular inspections and consistent property maintenance. Conveniently located near local parks, restaurants, shopping, and major commuter routes such as I-95, I-895, and Route 40, these properties offer easy access to downtown Baltimore and surrounding areas.

20. 2025-07-31
    listed $180,000 Active 1464-char remark

    Show marketing remark (1464 chars)

    Exceptional Investment Opportunity in Baltimore - 3 row homes portfolio deal - Seller open to individual purchases, i. e. , one does NOT have to purchase all 3 homes. This is one of 3 homes which is being sold. Portfolio Addresses Include: 220 N Luzerne Ave (vacant) • 225 N Luzerne Ave (vacant) • 119 N Curley St (tenant-occupied). Properties sold as-is, buyer responsible for verifying ground rent. Offers must include: proof of funds, EMD, and all seller-signed addenda/disclosures included in Bright Documents. Rent roll available upon request. Video virtual tours are available in the Additional Media section (click camcorder icon next to bright documents icon). This rare portfolio of 3 row homes offers a compelling opportunity to secure a high-performing, CASH-FLOWING investment in the heart of Baltimore City. These properties are situated in established neighborhoods including Highlandtown, Westport, McElderry Park, and East Baltimore. The homes feature classic Baltimore architecture with 2 to 3 bedrooms and approximately 936 to 1,372 square feet of above-ground living space. Each property includes a basement and one out of 3 homes are section 8 tenant-occupied—ensuring regular inspections and consistent property maintenance. Conveniently located near local parks, restaurants, shopping, and major commuter routes such as I-95, I-895, and Route 40, these properties offer easy access to downtown Baltimore and surrounding areas.

21. 2021-08-05
    soldstatus $153,700 Closed 1151-char remark

    Show marketing remark (1151 chars)

    List price to be opening bid. Online Auction Only! Bidding begins Thursday, April 8th & ends Tuesday, April 13, 2021 at 11:30 AM. Tenant Occupied Stone-Front Townhouse In the "McElderry Park" Neighborhood of Baltimore City with 3 bedrooms and 1 bath. Updated kitchen & bathroom; unfinished basement, rear patio with full fenced-in yard. Current gross monthly rent: $1,569. Current gross annual scheduled rent: $18,828. Section 8 Tenant. Section 8 pays full rent. Tenant has lived in home for 12+/- years. Tenant lease is signed through 11/30/2022, then shall continue in force year-to-year. Limited Lead Free. Tenant pays BGE, landlord pays water. Features: Replacement windows, 2020 New Allure Vinyl flooring on entire second floor, Vinyl flooring in kitchen, Carpet in living room, Updated Hot Point gas hot water heater, Ducane Forced hot air furnace, 100 amp Cutlet Hammer breaker panel, Updated PVC & CPVC Plumbing, Fridge and electric Stove, with newer Amana Washer and Electric Dryer, and more. House just passed annual Section 8 inspection in 2/2020; Next inspection around 2/2022. Pictures courtesy of the seller.

22. 2021-04-16
    status Pending 1151-char remark

    Show marketing remark (1151 chars)

    List price to be opening bid. Online Auction Only! Bidding begins Thursday, April 8th & ends Tuesday, April 13, 2021 at 11:30 AM. Tenant Occupied Stone-Front Townhouse In the "McElderry Park" Neighborhood of Baltimore City with 3 bedrooms and 1 bath. Updated kitchen & bathroom; unfinished basement, rear patio with full fenced-in yard. Current gross monthly rent: $1,569. Current gross annual scheduled rent: $18,828. Section 8 Tenant. Section 8 pays full rent. Tenant has lived in home for 12+/- years. Tenant lease is signed through 11/30/2022, then shall continue in force year-to-year. Limited Lead Free. Tenant pays BGE, landlord pays water. Features: Replacement windows, 2020 New Allure Vinyl flooring on entire second floor, Vinyl flooring in kitchen, Carpet in living room, Updated Hot Point gas hot water heater, Ducane Forced hot air furnace, 100 amp Cutlet Hammer breaker panel, Updated PVC & CPVC Plumbing, Fridge and electric Stove, with newer Amana Washer and Electric Dryer, and more. House just passed annual Section 8 inspection in 2/2020; Next inspection around 2/2022. Pictures courtesy of the seller.

23. 2021-03-31
    listed $75,000 Active 1151-char remark

    Show marketing remark (1151 chars)

    List price to be opening bid. Online Auction Only! Bidding begins Thursday, April 8th & ends Tuesday, April 13, 2021 at 11:30 AM. Tenant Occupied Stone-Front Townhouse In the "McElderry Park" Neighborhood of Baltimore City with 3 bedrooms and 1 bath. Updated kitchen & bathroom; unfinished basement, rear patio with full fenced-in yard. Current gross monthly rent: $1,569. Current gross annual scheduled rent: $18,828. Section 8 Tenant. Section 8 pays full rent. Tenant has lived in home for 12+/- years. Tenant lease is signed through 11/30/2022, then shall continue in force year-to-year. Limited Lead Free. Tenant pays BGE, landlord pays water. Features: Replacement windows, 2020 New Allure Vinyl flooring on entire second floor, Vinyl flooring in kitchen, Carpet in living room, Updated Hot Point gas hot water heater, Ducane Forced hot air furnace, 100 amp Cutlet Hammer breaker panel, Updated PVC & CPVC Plumbing, Fridge and electric Stove, with newer Amana Washer and Electric Dryer, and more. House just passed annual Section 8 inspection in 2/2020; Next inspection around 2/2022. Pictures courtesy of the seller.

24. 2003-08-02
    soldstatus $14,545
25. 2002-12-02
    historical
26. 2002-03-22
    listed $11,000
27. 1997-02-03
    soldstatus $18,000
28. 1997-01-14
    soldstatus $18,000
29. 1996-12-16
    historical
30. 1996-11-19
    listed $25,000

ⓘ 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: $2,950 · $246/mo
• Projected year-2 tax: $2,950 · $246/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 1/10 Low FEMA zone X (unshaded) · 0% 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: $25,096
• − Mortgage interest: −$8,290
• − Property taxes: −$2,950
• − Insurance: −$740
• − Repairs & maintenance: −$2,008
• − Management: −$2,008
• − Depreciation: −$4,305
• Taxable income: $4,795
• Est. tax owed @ 24.0%: −$1,151
• After-tax cash flow: $5,672/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

-94.6% since first listed

30 events — show timeline

• 2026-05-20 Rental Removed $1,350 BRIGHTMLS
• 2026-05-20 Pending — BRIGHT MLS
• 2026-04-24 Price Changed $1,350 BRIGHTMLS
• 2026-03-27 Relisted — BRIGHT MLS
• 2026-02-06 Listed for Rent $1,550 BRIGHTMLS
• 2026-02-05 Contingent — BRIGHT MLS
• 2026-02-04 Relisted — BRIGHT MLS
• 2026-02-04 Contingent — BRIGHT MLS
• 2026-02-01 Rental Removed $1,495 APPFOLIO
• 2026-01-04 Listed for Rent $1,495 APPFOLIO
• 2026-01-02 Price Changed $148,000 BRIGHT MLS
• 2026-01-02 Relisted — BRIGHT MLS
• 2025-12-31 Listing Removed — BRIGHT MLS
• 2025-11-16 Rental Removed $1,650 APPFOLIO
• 2025-11-03 Relisted — BRIGHT MLS
• 2025-10-31 Listing Removed — BRIGHT MLS
• 2025-09-12 Price Changed $160,000 BRIGHT MLS
• 2025-08-23 Listed for Rent $1,650 APPFOLIO
• 2025-08-21 Price Changed $175,000 BRIGHT MLS
• 2025-07-31 Listed $180,000 BRIGHT MLS
• 2021-08-05 Sold (MLS) $153,700 BRIGHT MLS
• 2021-04-16 Pending — BRIGHT MLS
• 2021-03-31 Listed $75,000 BRIGHT MLS
• 2003-08-02 Sold (MLS) $14,545 MRIS
• 2002-12-02 Delisted — MRIS
• 2002-03-22 Listed $11,000 MRIS
• 1997-02-03 Sold (Public Records) $18,000 Public Records
• 1997-01-14 Sold (MLS) $18,000 MRIS
• 1996-12-16 Delisted — MRIS
• 1996-11-19 Listed $25,000 MRIS

Property tax history

+4.9%/yr

Latest (2025): $2,950 · +19.2% YoY. Source: county tax records.