307 E Hamburg St · Baltimore, MD 21230

$269,000

1 bd · 1.0 ba · 1,400 sqft · Townhouse public records · 3 Days on market

Built 1900 $192/sqft · 17% below area Est $326k · 17% under

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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 +18.2/30.0
• ARV discount +15.0/15.0
• DSCR +5.7/10.0
• Livability +3.8/5.0
• 1% rule +3.6/10.0
• 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 307 E. Hamburg Street, a charming townhouse nestled atop Federal Hill, mere steps from the park, on a quiet, quaint street. This sunny, light-filled home offers an open first floor with plenty of room for living and dining, along with an eat-in kitchen overlooking a deck and a cute backyard. The second floor provides a large primary bedroom, a den, and a huge bath with a laundry area. The unfinished basement furnishes a ton of storage space. Close proximity to Camden Yards, M & T Stadium, CFG Arena, the MARC train, Light Rail, I-95, and I-295. An easy walk to all the restaurants and shops in Federal Hill and the Inner Harbor.

Key facts

• Built 1900
• Listed 3 days

Property features AI

Finance

• Financial info: Assessed improvement value noted (assessor source)

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Interior townhouse/rowhouse; Fee simple ownership; Property in very good condition
• Construction: Brick construction; Other foundation type; Above-grade and below-grade structures
• Exterior features: No tidal water

Interior

• Bedrooms: One bedroom on the first upper level
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning (electric); Electric hot water
• Interior features: Unfinished and finished basement with interior access and connecting stairway; Living area per assessor

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath townhouse listed at $269k.

Deal economics

• At list price, monthly cash flow is $239 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $231k (14.3% below list).
• Recommended offer: $231k (14.3% below list) — sets the bar for 1% rule.
• Cap rate 7.4% vs local median 6.0% in Baltimore — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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).
• This rent runs 30% of the median local income ($92k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k 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 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1900 — 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 $230,612 (14.3% below list)

Questions for the listing agent

1. Built in 1900 — 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: 0.86% ✗
• Cap rate: 7.36%
• Cash-on-cash: 3.81%
• DSCR: 1.17
• GRM: 9.7

CMA / ARV

• ARV (median comp): $325,933
• List price: $269,000
• Delta: -17.47%
• 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
307 E Hamburg St	0.00mi	1/1.0	1,400 (0%)	0mo	$269,000	$192	100
1221 William St	0.20mi	2/2.5 (+1)	1,408 (+1%)	0mo	$312,550	$222	78
444 E Clement St	0.31mi	2/1.5 (+1)	1,356 (-3%)	1mo	$330,000	$243	73
109 W Montgomery St	0.21mi	2/2.5 (+1)	1,300 (-7%)	0mo	$390,000	$300	67
111 Barre St W	0.53mi	2/1.5 (+1)	1,388 (-1%)	0mo	$395,000	$285	66
1641 Jackson St	0.54mi	2/1.0 (+1)	1,434 (+2%)	0mo	$365,000	$255	65
10 E Lee St #1204	0.41mi	1/1.5	1,283 (-8%)	1mo	$231,000	$180	64
141 W Montgomery St	0.48mi	2/2.5 (+1)	1,368 (-2%)	0mo	$364,080	$266	62
1330 Lancaster St Unit C402	0.62mi	2/2.0 (+1)	1,429 (+2%)	0mo	$775,000	$542	58
10 E Lee St #2208	0.41mi	2/2.0 (+1)	1,576 (+13%)	1mo	$390,000	$247	50
307 S Exeter St	0.71mi	2/2.0 (+1)	1,497 (+7%)	0mo	$362,900	$242	46
1330 Lancaster St Unit C603	0.62mi	2/2.0 (+1)	1,550 (+11%)	0mo	$985,000	$635	44

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: -13.4%
• Equity multiple: 0.53×
• Total profit: $-35,253
• Equity at exit: $40,109

10-year hold

• IRR: -9.2%
• Equity multiple: 0.50×
• Total profit: $-37,754
• Equity at exit: $23,258

Cash invested: $75,320 (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: 9.7×

Monthly cashflow live

• Estimated rent: $2,306 high
• Mortgage (P&I): −$1,411
• Tax from tax record: −$60 /mo · $720/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$484
• Net cashflow: $239

Break-even live

Break-even rent $2,003

Max offer price $269,000

Occupancy floor 85%

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: $67,250
• Closing costs: $8,070
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
400 E Cross St Baltimore, MD	1.0	1.0	900	$1,400	$1.56	24d	1	0.04mi
301 Warren Ave Baltimore, MD	1.0–3.0	1.0–2.5	1533	$1,926	$1.26	2d	9	0.07mi
462 E Cross St Unit B Baltimore, MD	1.0	1.0	1450	$2,300	$1.59	44d	1	0.09mi
1111 Light St Baltimore, MD	2.0	1.0–2.0	982	$2,154	$2.19	4d	13	0.13mi
1110 Key Hwy Baltimore, MD	1.0–2.0	1.0–2.5	1197	$1,946	$1.63	2d	33	0.16mi
1103 Light St Unit B Baltimore, MD	2.0	2.0	1295	$1,845	$1.42	44d	1	0.18mi
1103 Light St Unit B Baltimore, MD	2.0	2.0	1295	$1,845	$1.42	24d	1	0.18mi
23 Pierside Dr Baltimore, MD	2.0	2.0	1205	$2,975	$2.47	18d	2	0.20mi
23 Pierside Dr Baltimore, MD	1.0–2.0	1.0–2.0	985	$2,000	$2.03	16d	3	0.20mi
23 Pierside Dr Baltimore, MD	1.0–2.0	1.0–2.0	975	$1,800	$1.85	44d	1	0.20mi
801 Key Hwy Unit P60 Baltimore, MD	2.0	2.0	1864	$6,500	$3.49	24d	1	0.21mi
1211 Light St Baltimore, MD	2.0	2.0	921	$2,172	$2.36	24d	1	0.22mi
1290 Battery Ave Baltimore, MD	2.0	2.5	968	$2,900	$3.00	24d	1	0.25mi
100 Harborview Dr #204 Baltimore, MD	2.0	2.0	1447	$3,500	$2.42	12d	1	0.26mi
734 Light St Unit 1 Baltimore, MD	—	1.0	1376	$1,295	$0.94	15d	1	0.26mi
1026 Patapsco St Baltimore, MD	2.0	2.0	1008	$2,100	$2.08	24d	1	0.27mi
1409 Covington St Baltimore, MD	2.0	2.0	1458	$2,300	$1.58	3d	1	0.29mi
1201 S Charles St Baltimore, MD	2.0–3.0	2.0	1341	$2,200	$1.64	4d	4	0.32mi
1444 Henry St Baltimore, MD	2.0	2.5	1248	$2,950	$2.36	15d	1	0.32mi
1303 Patapsco St Baltimore, MD	2.0	2.5	1200	$3,000	$2.50	3d	1	0.33mi
110 Birckhead St Baltimore, MD	2.0	2.5	1220	$2,750	$2.25	44d	1	0.34mi
1021 S Hanover St Baltimore, MD	2.0	2.5	1300	$2,800	$2.15	24d	1	0.34mi
611 S Charles St Baltimore, MD	2.0	1.0–2.0	823	$2,468	$3.00	2d	8	0.37mi
639 Harvey St Unit 1 Baltimore, MD	2.0	1.5	1188	$3,000	$2.53	44d	1	0.41mi
10 E Lee St Baltimore, MD	2.0	2.0	1487	$2,825	$1.90	12d	1	0.42mi
101 W Cross St Baltimore, MD	2.0	1.0–2.0	937	$2,566	$2.74	2d	23	0.44mi
1503 S Charles St Unit 2 Baltimore, MD	2.0	2.0	1100	$2,375	$2.16	44d	1	0.46mi
414 Light St Unit 4304 Baltimore, MD	2.0	2.0	1612	$7,197	$4.46	12d	1	0.47mi
1519 S Charles St Unit Med-Spa Baltimore, MD	—	1.0	1200	$6,000	$5.00	44d	1	0.48mi
3 Andrew Pl Unit R98 Baltimore, MD	2.0	2.0	975	$2,100	$2.15	12d	1	0.48mi
126 Burnett St Baltimore, MD	2.0	2.5	984	$2,200	$2.24	24d	1	0.49mi
8 E Randall St Baltimore, MD	2.0	2.5	1148	$2,600	$2.26	4d	1	0.49mi
1402 Clarkson St Baltimore, MD	2.0	2.0	1557	$2,400	$1.54	24d	1	0.51mi
803 E Fort Ave Unit 1 Baltimore, MD	2.0	1.0	1100	$2,300	$2.09	4d	1	0.54mi
123 W Barre St #112 Baltimore, MD	2.0	1.5	975	$2,200	$2.26	44d	1	0.55mi
675 President St #1501 Baltimore, MD	2.0	2.0	1466	$5,500	$3.75	44d	1	0.55mi
1601 S Hanover St Apt 1R Baltimore, MD	2.0	1.0	900	$1,600	$1.78	2d	1	0.55mi
1516 Clarkson St Baltimore, MD	2.0	1.5	1050	$1,795	$1.71	24d	1	0.56mi
1631 S Charles St Baltimore, MD	2.0	3.0	1460	$2,607	$1.79	4d	1	0.57mi
1710 Marshall St Baltimore, MD	2.0	1.0	1110	$2,500	$2.25	44d	1	0.57mi

Listing history 6 events

1. 2026-06-01
   status $269,000 Pending 3 DOM
2. 2026-05-14
   status Active Under Contract 648-char remark
3. 2026-05-13
   historical 648-char remark
4. 2026-05-11
   listed $269,000 Active 648-char remark
5. 2026-05-06
   historical $269,000 648-char remark
6. 1988-03-24
   soldstatus $89,000

ⓘ 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: $720 · $60/mo
• Projected year-2 tax: $1,826 · $152/mo
• Expected delta: +$1,106/yr (+$92/mo · 153.7%)

ⓘ 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 4/10 Moderate 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,673
• − Mortgage interest: −$15,068
• − Property taxes: −$720
• − Insurance: −$1,345
• − Repairs & maintenance: −$2,214
• − Management: −$2,214
• − Depreciation: −$7,825
• Taxable loss: −$1,713
• Est. tax savings @ 24.0%: +$411
• After-tax cash flow: $3,280/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

+202.2% since first listed

7 events — show timeline

• 2026-06-12 Sold (MLS) $269,000 BRIGHT MLS
• 2026-05-30 Pending — BRIGHT MLS
• 2026-05-14 Relisted — BRIGHT MLS
• 2026-05-13 Listing Removed — BRIGHT MLS
• 2026-05-11 Listed $269,000 BRIGHT MLS
• 2026-05-06 Coming Soon $269,000 BRIGHT MLS
• 1988-03-24 Sold (Public Records) $89,000 Public Records

Property tax history

-14.1%/yr

Latest (2025): $720 · -84.4% YoY. Source: county tax records.