1235 Walker Ave · Baltimore, MD 21239

$175,000

4 bd · 1.5 ba · 1,330 sqft · Townhouse public records · 10 Days on market

Built 1953 $132/sqft · 14% below area Est $203k · 14% under

---

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 +27.5/30.0
• ARV discount +13.6/15.0
• DSCR +9.7/10.0
• 1% rule +7.5/10.0
• Livability +3.8/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Step into this inviting 4-bed, 1-bath home on Walker Ave, where classic Baltimore charm meets everyday convenience. The property offers a comfortable layout with well-proportioned living spaces, giving you an excellent foundation for daily living, entertaining, or future updates. Natural light brings out the home’s warm character, highlighting its potential for buyers eager to personalize a space to their own taste. Perfectly priced, this home is an ideal canvas—ready for cosmetic enhancements or full customization. Its solid structure and flexible floor plan make it easy to transform the property into a reflection of your own style. Situated in the heart of 21239, the home enjoys close proximity to neighboring communities such as Towson and Idlewylde, offering even more dining, shopping, and entertainment options just minutes away. Daily conveniences are within easy reach, with nearby grocery stores, local shopping centers, and multiple public transportation routes providing effortless connections throughout the area. With its appealing price point, versatile layout, and highly accessible location, this property presents a great opportunity for those looking to create a home of their own or invest in a well-positioned Baltimore address.

Key facts

• Flexible floor plan
• Natural light
• Solid structure

Tags

• NATURAL LIGHT
• SOLID STRUCTURE
• FLEXIBLE FLOOR PLAN
• HIGHLY ACCESSIBLE LOCATION

Property features AI

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer; Natural gas hot water
• Home design: Semi-detached property; Brick construction
• Construction: Brick foundation (brick/mortar); Above-grade and below-grade structures; Year built per assessor
• Exterior features: Off-street parking; Tidal water not present

Interior

• Bedrooms: Three bedrooms on the upper level; One bedroom on the lower level
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating; Central heating fuel; Electric cooling (other type)
• Interior features: Fully finished basement

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath townhouse listed at $175k.

Deal economics

• At list price, monthly cash flow is $519 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Cap rate 9.9% 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 (+2.9%/yr); 71 active listings in the ZIP; 38 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 42% of the median local income ($63k/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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Baltimore County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 2.9% rent growth), your $49k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 10 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 1953 — 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 $175,000

Questions for the listing agent

1. Built in 1953 — 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: 1.25% ✓
• Cap rate: 9.85%
• Cash-on-cash: 12.71%
• DSCR: 1.57
• GRM: 6.7

CMA / ARV

• ARV (median comp): $202,612
• List price: $175,000
• Delta: -13.63%
• 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
1400 Walker Ave	0.37mi	3/2.0 (-1)	1,330 (0%)	4mo	$180,000	$135	73
1322 Limit Ave	0.19mi	3/2.0 (-1)	1,424 (+7%)	3mo	$265,000	$186	70
5933 Leith Walk	0.45mi	3/1.0 (-1)	1,330 (0%)	3mo	$155,000	$117	70
6415 Falkirk Rd	0.32mi	3/2.0 (-1)	1,408 (+6%)	2mo	$215,000	$153	66
5811 The Alameda	0.54mi	4/2.0	1,420 (+7%)	1mo	$250,000	$176	61
1432 Walker Ave	0.44mi	4/2.0	1,464 (+10%)	3mo	$280,000	$191	58
6505 Loch Hill Ct	0.58mi	3/1.5 (-1)	1,425 (+7%)	0mo	$298,350	$209	56
1045 Marlau Dr	0.61mi	3/1.5 (-1)	1,240 (-7%)	0mo	$225,000	$181	55
1103 E Northern Pkwy	0.43mi	3/2.0 (-1)	1,516 (+14%)	4mo	$255,500	$169	46
1010 Reverdy Rd	0.71mi	3/1.5 (-1)	1,500 (+13%)	4mo	$219,500	$146	38
1506 Gleneagle Rd	0.68mi	3/2.0 (-1)	1,520 (+14%)	1mo	$300,000	$197	36
837 Reverdy Rd	0.75mi	3/2.0 (-1)	1,500 (+13%)	2mo	$164,700	$110	35

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 · 2.86% rent growth · sell at horizon

5-year hold

• IRR: 2.4%
• Equity multiple: 1.09×
• Total profit: $4,427
• Equity at exit: $26,093

10-year hold

• IRR: 11.8%
• Equity multiple: 1.92×
• Total profit: $45,300
• Equity at exit: $15,131

Cash invested: $49,000 (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 21239

• Rents YoY: 2.9%
• Active inventory: 71
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $2,189 high
• Mortgage (P&I): −$918
• Tax from tax record: −$220 /mo · $2,636/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$460
• Net cashflow: $519

Break-even live

Break-even rent $1,532

Max offer price $175,000

Occupancy floor 71%

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6149 Dunroming Rd Baltimore, MD	3.0	1.5	1400	$1,895	$1.35	11d	1	0.21mi
6189 Northwood Dr Baltimore, MD	4.0	2.0	1400	$2,200	$1.57	44d	1	0.35mi
1408 Cedarcroft Rd Baltimore, MD	3.0	2.0	912	$1,957	$2.15	44d	1	0.37mi
6405 Loch Crest Rd Idlewylde, MD	3.0	2.5	1440	$2,257	$1.57	44d	1	0.42mi
1018 Woodson Rd Baltimore, MD	1.0–3.0	1.0–2.0	815	$2,329	$2.86	2d	13	0.44mi
1444 Meridene Dr Baltimore, MD	3.0	1.5	1520	$1,950	$1.28	44d	1	0.45mi
6159 Parkway Dr Apt 1 Baltimore, MD	4.0	2.0	1408	$2,200	$1.56	24d	1	0.45mi
6159 Parkway Dr Baltimore, MD	4.0	2.0	1408	$2,200	$1.56	22d	1	0.45mi
1020 Dartmouth Glen Way Baltimore, MD	3.0	2.5	1152	$2,250	$1.95	24d	1	0.58mi
6518 Loch Hill Ct Loch Hill, MD	3.0	1.5	1580	$2,050	$1.30	24d	1	0.60mi
1508 Gleneagle Rd Baltimore, MD	3.0	2.0	1824	$2,180	$1.20	4d	1	0.69mi
917 Reverdy Rd Unit A Baltimore, MD	3.0	1.0	1200	$2,100	$1.75	44d	1	0.73mi
6008 Clearspring Rd Baltimore, MD	4.0	2.5	1758	$3,600	$2.05	24d	1	0.85mi
506 Cedarcroft Rd Baltimore, MD	5.0	3.0	1695	$3,100	$1.83	11d	1	0.87mi
828 Saint Dunstans Rd Baltimore, MD	3.0	2.0	1544	$2,000	$1.30	24d	1	0.89mi
1646 Wadsworth Way Baltimore, MD	3.0	1.0	1520	$2,100	$1.38	11d	1	0.90mi
5622 Midwood Ave Baltimore, MD	3.0	2.0	1452	$2,300	$1.58	44d	1	0.98mi
5520 Sagra Rd Baltimore, MD	3.0	1.5	1650	$1,900	$1.15	44d	1	1.01mi
1008 Tunbridge Rd Baltimore, MD	3.0	2.0	1732	$2,050	$1.18	24d	1	1.09mi
6906 Donachie Rd Baltimore, MD	3.0	1.0–2.0	904	$2,363	$2.61	3d	37	1.10mi
1726 E Belvedere Ave Baltimore, MD	3.0	2.0	1140	$1,895	$1.66	22d	1	1.13mi
1127 Deanwood Rd Parkville, MD	3.0	2.0	1730	$2,350	$1.36	44d	1	1.19mi
1908 E Belvedere Ave Baltimore, MD	4.0	2.0	1425	$1,950	$1.37	20d	1	1.21mi
372 Old Trail Rd Baltimore, MD	3.0	1.5	1530	$2,500	$1.63	44d	1	1.24mi
5781 Edgepark Rd Baltimore, MD	3.0	2.0	1568	$1,975	$1.26	16d	1	1.28mi
1221 Glenwood Ave Baltimore, MD	3.0	2.0	1390	$2,595	$1.87	44d	1	1.32mi
2106 Cloville Ave Baltimore, MD	3.0	1.5	1080	$1,700	$1.57	44d	1	1.33mi
5204 Kelway Rd Baltimore, MD	3.0	2.0	1666	$2,350	$1.41	24d	1	1.36mi
7202 Sindall Rd Unit 7202 Parkville, MD	3.0	1.0	1350	$1,850	$1.37	44d	1	1.37mi
1804 Winford Rd Baltimore, MD	3.0	1.5	1600	$2,100	$1.31	24d	1	1.38mi
1610 Wentworth Ave Parkville, MD	3.0	1.0	1024	$1,900	$1.86	44d	1	1.40mi
2028 Hillenwood Rd Baltimore, MD	4.0	2.0	1820	$2,100	$1.15	22d	1	1.41mi
1629 Wentworth Ave Parkville, MD	3.0	1.5	1152	$1,895	$1.64	44d	1	1.43mi
1275 Kitmore Rd Unit 1245K-T Baltimore, MD	3.0	1.0	935	$1,895	$2.03	4d	1	1.45mi
100 E Melrose Ave Baltimore, MD	2.0–3.0	2.0–2.5	1750	$3,345	$1.91	4d	2	1.47mi
5200 Ready Ave Baltimore, MD	3.0	1.5	1116	$1,950	$1.75	4d	1	1.48mi
1332 Deanwood Rd Parkville, MD	3.0	2.0	1046	$2,500	$2.39	44d	1	1.49mi
711 1/2 McCabe Ave Baltimore, MD	4.0	3.0	1204	$2,350	$1.95	4d	1	1.49mi

Listing history 8 events

1. 2026-05-11
   status Pending 1284-char remark
2. 2026-05-01
   listed $175,000 Active 1284-char remark
3. 2026-02-04
   soldstatus $161,000
4. 2026-01-07
   soldstatus $161,000 Closed 1269-char remark

   Show marketing remark (1269 chars)

   Step into this inviting 4-bed, 1-bath home on Walker Ave, where classic Baltimore charm meets everyday convenience. The property offers a comfortable layout with well-proportioned living spaces, giving you an excellent foundation for daily living, entertaining, or future updates. Natural light brings out the home’s warm character, highlighting its potential for buyers eager to personalize a space to their own taste. Perfectly priced, this home is an ideal canvas—ready for cosmetic enhancements or full customization. Its solid structure and flexible floor plan make it easy to transform the property into a reflection of your own style. Situated in the heart of 21239, the home enjoys close proximity to neighboring communities such as Towson and Idlewylde, offering even more dining, shopping, and entertainment options just minutes away. Daily conveniences are within easy reach, with nearby grocery stores, local shopping centers, and multiple public transportation routes providing effortless connections throughout the area. With its appealing price point, versatile layout, and highly accessible location, this property presents a great opportunity for those looking to create a home of their own or invest in a well-positioned Baltimore address.

5. 2025-12-05
   status Pending 1269-char remark

   Show marketing remark (1269 chars)

   Step into this inviting 4-bed, 1-bath home on Walker Ave, where classic Baltimore charm meets everyday convenience. The property offers a comfortable layout with well-proportioned living spaces, giving you an excellent foundation for daily living, entertaining, or future updates. Natural light brings out the home’s warm character, highlighting its potential for buyers eager to personalize a space to their own taste. Perfectly priced, this home is an ideal canvas—ready for cosmetic enhancements or full customization. Its solid structure and flexible floor plan make it easy to transform the property into a reflection of your own style. Situated in the heart of 21239, the home enjoys close proximity to neighboring communities such as Towson and Idlewylde, offering even more dining, shopping, and entertainment options just minutes away. Daily conveniences are within easy reach, with nearby grocery stores, local shopping centers, and multiple public transportation routes providing effortless connections throughout the area. With its appealing price point, versatile layout, and highly accessible location, this property presents a great opportunity for those looking to create a home of their own or invest in a well-positioned Baltimore address.

6. 2025-12-03
   listed $160,000 Active 1269-char remark

   Show marketing remark (1269 chars)

   Step into this inviting 4-bed, 1-bath home on Walker Ave, where classic Baltimore charm meets everyday convenience. The property offers a comfortable layout with well-proportioned living spaces, giving you an excellent foundation for daily living, entertaining, or future updates. Natural light brings out the home’s warm character, highlighting its potential for buyers eager to personalize a space to their own taste. Perfectly priced, this home is an ideal canvas—ready for cosmetic enhancements or full customization. Its solid structure and flexible floor plan make it easy to transform the property into a reflection of your own style. Situated in the heart of 21239, the home enjoys close proximity to neighboring communities such as Towson and Idlewylde, offering even more dining, shopping, and entertainment options just minutes away. Daily conveniences are within easy reach, with nearby grocery stores, local shopping centers, and multiple public transportation routes providing effortless connections throughout the area. With its appealing price point, versatile layout, and highly accessible location, this property presents a great opportunity for those looking to create a home of their own or invest in a well-positioned Baltimore address.

7. 1999-11-03
   soldstatus $67,000
8. 1991-11-15
   soldstatus $65,400

ⓘ 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: $2,636 · $220/mo
• Projected year-2 tax: $2,636 · $220/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 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 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,269
• − Mortgage interest: −$9,803
• − Property taxes: −$2,636
• − Insurance: −$875
• − Repairs & maintenance: −$2,102
• − Management: −$2,102
• − Depreciation: −$5,091
• Taxable income: $3,661
• Est. tax owed @ 24.0%: −$879
• After-tax cash flow: $5,350/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): 27,346
• Household income: $62,650
• Rent vs Own: 44.8% rent · 55.2% own
• Severe rent burden: 1103.0

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 (76%)
• Race & ethnicity: Black 76% White 12% Asian 4% Hispanic / Latino 4% Two or more races 4%
• Common ancestry: Lithuanian 1% Romanian 1% Russian 1%
• Foreign-born: 10% · Canada, United Kingdom, China
• Languages at home: 88% English-only · Other Indo-European 3% Spanish 2% French/Haitian/Cajun 2%

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: ▼ -164.48%
• Current HPI: 258.094
• Rent YoY: ▲ 2.86%
• 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

+167.6% since first listed

8 events — show timeline

• 2026-05-11 Pending — BRIGHT MLS
• 2026-05-01 Listed $175,000 BRIGHT MLS
• 2026-02-04 Sold (Public Records) $161,000 Public Records
• 2026-01-07 Sold (MLS) $161,000 BRIGHT MLS
• 2025-12-05 Pending — BRIGHT MLS
• 2025-12-03 Listed $160,000 BRIGHT MLS
• 1999-11-03 Sold (Public Records) $67,000 Public Records
• 1991-11-15 Sold (Public Records) $65,400 Public Records

Property tax history

+0.2%/yr

Latest (2025): $2,636 · +1.8% YoY. Source: county tax records.