714 Portland · Baltimore, MD 21230

$240,000

5 bd · 1.0 ba · 1,450 sqft · Townhouse public records · 61 Days on market

Built 1920 $166/sqft · 29% below area Est $339k · 29% 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 +22.7/30.0
• ARV discount +15.0/15.0
• DSCR +7.3/10.0
• 1% rule +6.9/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Opportunity in Ridley’s Delight | High-End Renovation in Progress | Strong ARV Potential Located in the historic and rapidly evolving Ridley’s Delight neighborhood of Baltimore, this partially completed renovation presents a compelling opportunity for investors, builders, or savvy end-users looking to capitalize on strong after-repair value (ARV). This classic Baltimore rowhome blends historic character with thoughtfully curated modern upgrades already underway. Significant improvements have been completed, allowing the next owner to step in and bring the vision to completion. Interior features include newly installed Canadian birch hardwood flooring, updated electrical and plumbing systems, and a designer kitchen highlighted by solid plywood cabinetry (no MDF), marble-quartzite countertops, dual cooktop setup (gas + induction), Kraus deep sink, Bosch ultra-quiet dishwasher, and a BioBidet motion-sensor faucet. The bathroom build-out reflects a high-end aesthetic, featuring imported Turkish marble finishes (inspired by Ephesus), a 72” freestanding soaking tub, quartz-topped wood vanity, and premium fixtures throughout. Additional upgrades include sound-insulated laminated windows, electric fireplace feature, retractable blade ceiling fan, and a fully drywalled basement with dedicated mechanical space. With much of the heavy lifting already completed, this property offers a clear path to value creation—ideal for a fix-and-flip, long-term hold, or custom primary residence. Prime Location:Ridley’s Delight is one of Baltimore’s most historic districts, known for its brick rowhomes, proximity to downtown, Camden Yards, and growing redevelopment activity—making it an increasingly attractive target for both investors and homeowners.

Key facts

• Designer kitchen
• Modern upgrades
• High end renovation

Tags

• HIGH END RENOVATION
• HISTORIC CHARACTER
• MODERN UPGRADES
• UPDATED ELECTRICAL SYSTEMS
• UPDATED PLUMBING SYSTEMS
• DESIGNER KITCHEN

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath townhouse listed at $240k.

Deal economics

• At list price, monthly cash flow is $411 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $240k).
• Recommended offer: $226k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 6.0% in Baltimore — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 76/100 on livability (#90 in MD, #3,396 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: schools D, crime F.
• Baltimore City Public Schools (urban): math 7% / reading 16% proficiency, ranked #24 of 24 in MD (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 79% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-1.0%/yr); 362 active listings in the ZIP; 17 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 37% 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 $7k 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

• It's been on market 61 days — a 6% lower offer ($226k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 21y ago; this cycle's ask has dropped $14k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $180k; 33% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; 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 $225,600 (6.0% below list)

Questions for the listing agent

1. It's been on market 61 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — 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: 1.19% ✓
• Cap rate: 8.35%
• Cash-on-cash: 7.34%
• DSCR: 1.33
• GRM: 7.0

CMA / ARV

• ARV (median comp): $339,108
• List price: $240,000
• Delta: -29.23%
• 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
1057 W Barre St	0.09mi	4/2.5 (-1)	1,665 (+15%)	0mo	$270,000	$162	60
1022 W Lombard St	0.45mi	4/2.0 (-1)	1,550 (+7%)	3mo	$138,500	$89	56
907 Mchenry St	0.32mi	4/2.0 (-1)	1,568 (+8%)	12mo	$262,500	$167	53
821 W Lombard St	0.16mi	6/3.0 (+1)	1,614 (+11%)	13mo	$400,000	$248	50
614 Scott St	0.28mi	4/2.5 (-1)	1,304 (-10%)	11mo	$270,000	$207	50
1223 W Ostend St	0.48mi	4/3.0 (-1)	1,529 (+5%)	12mo	$250,000	$164	45
1182 Washington Blvd	0.47mi	4/3.5 (-1)	1,536 (+6%)	10mo	$225,000	$146	45
524 Scott St	0.25mi	4/3.0 (-1)	1,625 (+12%)	14mo	$249,000	$153	44
508 Wyeth St	0.26mi	4/3.0 (-1)	1,234 (-15%)	8mo	$173,500	$141	44
1180 Cleveland St	0.45mi	4/2.5 (-1)	1,248 (-14%)	11mo	$245,000	$196	36
701-S Sharp St	0.58mi	4/3.5 (-1)	1,556 (+7%)	12mo	$485,000	$312	36
111 Poppleton St	0.48mi	4/2.0 (-1)	1,260 (-13%)	15mo	$49,000	$39	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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -8.8%
• Equity multiple: 0.69×
• Total profit: $-20,912
• Equity at exit: $35,785

10-year hold

• IRR: -4.3%
• Equity multiple: 0.76×
• Total profit: $-16,184
• Equity at exit: $20,751

Cash invested: $67,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 12 Strongly Tenant-Friendly
• State Maryland: 27 Tenant-Leaning · D+14
• County: — inherits STATE
• City Baltimore: 12 Strongly Tenant-Friendly · D+58

Just-cause for tenancies > 1 yr.

Methodology + full state rankings →

ZIP-level market 21230

• Rents YoY: -1.0%
• Active inventory: 362
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $2,855 high
• Mortgage (P&I): −$1,259
• Tax from tax record: −$486 /mo · $5,828/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$600
• Net cashflow: $411

Break-even live

Break-even rent $2,335

Max offer price $240,000

Occupancy floor 81%

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: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
636 Portland St Baltimore, MD	4.0	2.0	1545	$2,650	$1.72	23d	1	0.06mi
662 Washington Blvd Baltimore, MD	4.0	2.5	1300	$2,700	$2.08	43d	1	0.06mi
803 McHenry St Baltimore, MD	4.0	2.5	1856	$2,599	$1.40	2d	1	0.17mi
324 Scott St Baltimore, MD	4.0	2.5	1656	$3,000	$1.81	43d	1	0.18mi
819 Ramsay St Baltimore, MD	4.0	3.5	1856	$3,000	$1.62	12d	1	0.24mi
610 Scott St Baltimore, MD	5.0	3.0	1700	$2,750	$1.62	12d	1	0.27mi
1125 Washington Blvd Baltimore, MD	4.0	2.5	1200	$2,750	$2.29	17d	1	0.42mi
1153 Riverside Ave Baltimore, MD	4.0	2.0	1838	$2,800	$1.52	43d	1	1.11mi
910 N Arlington Ave Unit 2 Baltimore, MD	4.0	2.0	1220	$1,850	$1.52	23d	1	1.16mi
1625 Edmondson Ave Unit 2 Baltimore, MD	4.0	3.0	1500	$1,895	$1.26	12d	1	1.18mi
1625 Edmondson Ave Unit 1 Baltimore, MD	4.0	3.0	1500	$2,175	$1.45	4d	1	1.18mi
1703 Patapsco St Baltimore, MD	4.0	4.5	960	$3,000	$3.12	23d	1	1.24mi
311 S Pulaski St Baltimore, MD	5.0	3.0	1450	$2,400	$1.66	3d	1	1.27mi
311 S Pulaski St Baltimore, MD	5.0	3.0	1450	$2,400	$1.66	43d	1	1.27mi
834 N Stricker St Baltimore, MD	4.0	1.0	1200	$1,500	$1.25	20d	1	1.27mi
624 Stirling St Baltimore, MD	4.0	3.0	1812	$2,450	$1.35	43d	1	1.46mi
424 S Eden St Baltimore, MD	4.0	3.5	1830	$3,200	$1.75	23d	1	1.47mi

Listing history 32 events

1. 2026-06-18
   days on market $240,000 Active 61 DOM
2. 2026-06-17
   days on market $240,000 Active 60 DOM
3. 2026-06-16
   days on market $240,000 Active 59 DOM
4. 2026-06-15
   days on market $240,000 Active 58 DOM
5. 2026-06-13
   days on market $240,000 Active 56 DOM
6. 2026-06-09
   days on market $240,000 Active 52 DOM
7. 2026-06-08
   days on market $240,000 Active 51 DOM
8. 2026-06-07
   days on market $240,000 Active 50 DOM
9. 2026-06-04
   days on market $240,000 Active 47 DOM
10. 2026-06-03
    days on market $240,000 Active 46 DOM
11. 2026-06-02
    days on market $240,000 Active 45 DOM
12. 2026-06-01
    days on market $240,000 Active 44 DOM
13. 2026-05-31
    days on market $240,000 Active 43 DOM
14. 2026-05-06
    price $240,000 1806-char remark

    Show marketing remark (1806 chars)

    Investor Opportunity in Ridley’s Delight | High-End Renovation in Progress | Strong ARV Potential Located in the historic and rapidly evolving Ridley’s Delight neighborhood of Baltimore, this partially completed renovation presents a compelling opportunity for investors, builders, or savvy end-users looking to capitalize on strong after-repair value (ARV). This classic Baltimore rowhome blends historic character with thoughtfully curated modern upgrades already underway. Significant improvements have been completed, allowing the next owner to step in and bring the vision to completion. Interior features include newly installed Canadian birch hardwood flooring, updated electrical and plumbing systems, and a designer kitchen highlighted by solid plywood cabinetry (no MDF), marble-quartzite countertops, dual cooktop setup (gas + induction), Kraus deep sink, Bosch ultra-quiet dishwasher, and a BioBidet motion-sensor faucet. The bathroom build-out reflects a high-end aesthetic, featuring imported Turkish marble finishes (inspired by Ephesus), a 72” freestanding soaking tub, quartz-topped wood vanity, and premium fixtures throughout. Additional upgrades include sound-insulated laminated windows, electric fireplace feature, retractable blade ceiling fan, and a fully drywalled basement with dedicated mechanical space. With much of the heavy lifting already completed, this property offers a clear path to value creation—ideal for a fix-and-flip, long-term hold, or custom primary residence. Prime Location:Ridley’s Delight is one of Baltimore’s most historic districts, known for its brick rowhomes, proximity to downtown, Camden Yards, and growing redevelopment activity—making it an increasingly attractive target for both investors and homeowners.

15. 2026-04-18
    listed $254,000 Active 1806-char remark

    Show marketing remark (1806 chars)

    Investor Opportunity in Ridley’s Delight | High-End Renovation in Progress | Strong ARV Potential Located in the historic and rapidly evolving Ridley’s Delight neighborhood of Baltimore, this partially completed renovation presents a compelling opportunity for investors, builders, or savvy end-users looking to capitalize on strong after-repair value (ARV). This classic Baltimore rowhome blends historic character with thoughtfully curated modern upgrades already underway. Significant improvements have been completed, allowing the next owner to step in and bring the vision to completion. Interior features include newly installed Canadian birch hardwood flooring, updated electrical and plumbing systems, and a designer kitchen highlighted by solid plywood cabinetry (no MDF), marble-quartzite countertops, dual cooktop setup (gas + induction), Kraus deep sink, Bosch ultra-quiet dishwasher, and a BioBidet motion-sensor faucet. The bathroom build-out reflects a high-end aesthetic, featuring imported Turkish marble finishes (inspired by Ephesus), a 72” freestanding soaking tub, quartz-topped wood vanity, and premium fixtures throughout. Additional upgrades include sound-insulated laminated windows, electric fireplace feature, retractable blade ceiling fan, and a fully drywalled basement with dedicated mechanical space. With much of the heavy lifting already completed, this property offers a clear path to value creation—ideal for a fix-and-flip, long-term hold, or custom primary residence. Prime Location:Ridley’s Delight is one of Baltimore’s most historic districts, known for its brick rowhomes, proximity to downtown, Camden Yards, and growing redevelopment activity—making it an increasingly attractive target for both investors and homeowners.

16. 2026-04-13
    listed $254,000 Active 1679-char remark

    Show marketing remark (1679 chars)

    Investor opportunity! Incomplete renovation. Ideal for a fellowship space with a mountain retreat feel in the city across from the Shock Trauma Center at the University of Maryland Medical System UMMS and, Camden Yards at the Baltimore Inner Harbor. Gourmet kitchen with a gas stove and cooktop designed for family/fellowship cooking contests, convection LG oven & LG French door Instaview fridge with H20 purifier, Bosch dishwasher, Kraus sink, motion detector kitchen faucet for cooking/hygiene convenience, solid wood extra height Shaker cabinets (non MDF) for additional storage space, extended pantry space tucked under a breakfast nook with dolomitic marble counter, 2 range hoods- classic- gas cooktop & under cabinet- glass cooktop, Canadian birch hardwood flooring- custom milled, recessed lighting- kitchen & basement, powder room & main bathroom. 9 foot ceilings, Turkish Troya (somewhat near Ephesus) known for high quality marble known for distinct hues amongst quarries in main bathroom (large) with stone ledger focal wall, extra length real wood vanity with wood framed mirror for a mountain retreat like feel, 7 x 8 study/den, electric fireplace in main BDRM & retractable ceiling fan, loft like top floor overlooking the stairwell with a starry chandelier. adjoined rooms can also be made into 2 additional rooms designed with sliding barn doors in mind. Yard is enclosed with a wooden fence & light landscape of periwinkle; trumpeter, clematis & English ivy vines, honey locust tree & cherry tree. Good deal for the area. Interior design may have the best aesthetic of all of downtown, including Harbor East.

17. 2024-12-07
    historical
18. 2024-12-03
    status Active
19. 2024-10-23
    historical
20. 2024-10-23
    listed $200,000 Active
21. 2024-10-18
    historical
22. 2018-09-13
    soldstatus $180,500
23. 2007-04-20
    historical
24. 2006-09-14
    listed
25. 2006-01-19
    soldstatus $280,000
26. 2005-09-09
    historical
27. 2005-08-22
    soldstatus $231,000
28. 2005-08-22
    soldstatus $231,000
29. 2005-08-18
    listed
30. 2005-07-01
    soldstatus $231,000
31. 2005-04-27
    listed $231,000
32. 2005-04-27
    historical

ⓘ 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: $5,828 · $486/mo
• Projected year-2 tax: $5,828 · $486/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 6/10 Major FEMA zone X (unshaded) · 68% 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: $34,260
• − Mortgage interest: −$13,444
• − Property taxes: −$5,828
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,741
• − Management: −$2,741
• − Depreciation: −$6,982
• Taxable income: $1,325
• Est. tax owed @ 24.0%: −$318
• After-tax cash flow: $4,616/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

+3.9% since first listed

19 events — show timeline

• 2026-05-06 Price Changed $240,000 BRIGHT MLS
• 2026-04-18 Listed $254,000 BRIGHT MLS
• 2026-04-13 Listed $254,000 Fizber.com
• 2024-12-07 Listing Removed — BRIGHT MLS
• 2024-12-03 Relisted — BRIGHT MLS
• 2024-10-23 Listing Removed — BRIGHT MLS
• 2024-10-23 Listed $200,000 BRIGHT MLS
• 2024-10-18 Coming Soon — BRIGHT MLS
• 2018-09-13 Sold (Public Records) $180,500 Public Records
• 2007-04-20 Delisted — MRIS
• 2006-09-14 Listed — MRIS
• 2006-01-19 Sold (Public Records) $280,000 Public Records
• 2005-09-09 Delisted — MRIS
• 2005-08-22 Sold (Public Records) $231,000 Public Records
• 2005-08-22 Sold (Public Records) $231,000 Public Records
• 2005-08-18 Listed — MRIS
• 2005-07-01 Sold (MLS) $231,000 MRIS
• 2005-04-27 Delisted — MRIS
• 2005-04-27 Listed $231,000 MRIS

Property tax history

+0.3%/yr

Latest (2025): $5,828 · +6.0% YoY. Source: county tax records.