877 W Lombard St · Baltimore, MD 21201

$265,000

4 bd · 1.0 ba · 2,580 sqft · Townhouse public records · 9 Days on market

Built 1890 1,392 sqft lot $103/sqft · 23% below area Est $345k · 23% 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 +16.8/30.0
• ARV discount +15.0/15.0
• DSCR +5.2/10.0
• 1% rule +4.7/10.0
• Livability +3.8/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Charming home in the heart of Baltimore featuring exposed brick walls, rich wood floors, and a charming country kitchen with stainless steel appliances and an apron front sink. The main level offers a laundry area and half bath for added convenience. Upstairs, the second level includes two bedrooms and a spacious full bath with a soaking tub and separate shower. The third level provides two additional bedrooms, perfect for guests or a home office. Enjoy outdoor living with a rear deck overlooking the backyard. Ideally located near the University of Maryland, Downtown Baltimore, Camden Yards, M & T Bank Stadium, and major commuter routes. Potentially eligible for 4.99% 30 year fixed rate

Key facts

• Exposed brick walls
• Laundry area
• Rear deck

Tags

• EXPOSED BRICK WALLS
• HARDWOOD FLOORS
• COUNTRY-STYLE KITCHEN
• STAINLESS STEEL APPLIANCES
• LAUNDRY AREA
• REAR DECK

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas hot water; Natural gas heating
• Home design: Interior townhouse/rowhouse; Fee simple ownership; Property in very good condition
• Construction: Brick construction; Other foundation; Building not winterized; Above-grade and below-grade structures
• Exterior features: Deck(s); No tidal water

Interior

• Kitchen: Dishwasher; Refrigerator; Stove
• Bedrooms: Two bedrooms on the first upper level; Two bedrooms on the second upper level
• Flooring: Wood floors
• Bathrooms: One full bathroom on the first upper level; One full bathroom total on upper levels; One half bathroom on the main level; One half bathroom total
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Soaking tub; Walk-in shower; Ceiling fans; Traditional floor plan; Formal separate dining room; Country-style kitchen; Wood floors; Brick walls/ceilings
• Laundry & utility: Washer; Dryer; Laundry on the main floor

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath townhouse listed at $265k.

Deal economics

• At list price, monthly cash flow is $169 ($2k/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 $256k (3.2% below list).
• Recommended offer: $256k (3.2% below list) — sets the bar for 1% rule.

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 flat; 62 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); 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• At $2,564/mo this rent would consume 67% of the median local household income ($46k/yr) (locally 2648% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $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 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 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.
• Current owner paid $67k; list at $265k implies a 296% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1890 — 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 $256,442 (3.2% below list)

Questions for the listing agent

1. Built in 1890 — 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: 0.97% ✗
• Cap rate: 7.06%
• Cash-on-cash: 2.73%
• DSCR: 1.12
• GRM: 8.6

CMA / ARV

• ARV (median comp): $344,923
• List price: $265,000
• Delta: -21.72%
• 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
606 Washington Blvd	0.40mi	3/1.0 (-1)	2,600 (+1%)	4mo	$310,000	$119	72
829 Mchenry St	0.14mi	4/3.5	2,440 (-5%)	5mo	$374,900	$154	70
1139 Scott St	0.55mi	4/3.5	2,550 (-1%)	1mo	$355,000	$139	62
1064 W Fayette St	0.35mi	4/3.5	2,900 (+12%)	3mo	$425,000	$147	50
737 Dolphin St	0.74mi	5/3.5 (+1)	2,580 (0%)	3mo	$325,000	$126	48
822 Harlem Ave	0.72mi	3/3.5 (-1)	2,484 (-4%)	1mo	$308,000	$124	44
829 W Barre	0.39mi	3/3.5 (-1)	2,196 (-15%)	4mo	$315,000	$143	38
206 S Gilmor St	0.63mi	4/2.5	2,200 (-15%)	3mo	$215,000	$98	37
840 Edmondson Ave	0.66mi	3/3.0 (-1)	2,280 (-12%)	3mo	$368,780	$162	34
826 Edmondson Ave	0.66mi	3/3.0 (-1)	2,280 (-12%)	4mo	$370,000	$162	34
1706 Lemmon St	0.72mi	3/1.0 (-1)	2,200 (-15%)	4mo	$38,500	$18	33
838 Edmondson Ave	0.66mi	3/3.0 (-1)	2,280 (-12%)	4mo	$365,180	$160	33

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 · 0.28% rent growth · sell at horizon

5-year hold

• IRR: -15.1%
• Equity multiple: 0.47×
• Total profit: $-38,972
• Equity at exit: $39,512

10-year hold

• IRR: -12.0%
• Equity multiple: 0.37×
• Total profit: $-46,428
• Equity at exit: $22,912

Cash invested: $74,200 (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 21201

• Home prices YoY: -3.8%
• Rents YoY: 0.3%
• Active inventory: 62
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $2,564 high
• Mortgage (P&I): −$1,390
• Tax from tax record: −$357 /mo · $4,285/yr
• Insurance: −$110
• HOA: −$0
• Vacancy / Maint / Mgmt: −$539
• Net cashflow: $169

Break-even live

Break-even rent $2,351

Max offer price $265,000

Occupancy floor 88%

Sensitivity live

Price	-10% $319	-5% $244	+0% $169	+5% $94	+10% $19
Rent	-10% $-34	-5% $67	+0% $169	+5% $270	+10% $371
Rate	-1.0pp $302	-0.5pp $236	base $169	+0.5pp $100	+1.0pp $30

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: $66,250
• Closing costs: $7,950
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
853 W Lombard St Baltimore, MD	3.0	2.5	2824	$2,650	$0.94	25d	1	0.07mi
110 S Poppleton St Baltimore, MD	3.0	1.5	1800	$1,900	$1.06	44d	1	0.07mi
922 W Lombard St Baltimore, MD	4.0	2.0	2364	$2,300	$0.97	25d	1	0.09mi
804 Hollins St Unit 1 Baltimore, MD	3.0	2.0	1800	$2,700	$1.50	5d	1	0.15mi
803 McHenry St Baltimore, MD	4.0	2.5	1856	$2,599	$1.40	4d	1	0.18mi
217 S Fremont Ave Baltimore, MD	3.0	3.5	3338	$3,000	$0.90	44d	1	0.24mi
819 Ramsay St Baltimore, MD	4.0	3.5	1856	$3,000	$1.62	13d	1	0.25mi
1138 W Lombard St Baltimore, MD	3.0	3.5	2400	$1,795	$0.75	25d	1	0.28mi
1328 W Lombard St Baltimore, MD	3.0	3.5	2312	$3,600	$1.56	13d	1	0.43mi
1227 Washington Blvd Baltimore, MD	4.0	3.5	2664	$2,950	$1.11	5d	1	0.44mi
782 W Hamburg St Baltimore, MD	3.0	3.5	3734	$3,500	$0.94	25d	1	0.44mi
912 S Paca St Baltimore, MD	3.0	2.0	2000	$2,250	$1.12	44d	1	0.47mi
1032 W Franklin St Baltimore, MD	4.0	4.5	1913	$2,650	$1.39	25d	1	0.56mi
300 W Fayette St Baltimore, MD	3.0	1.0–3.0	1267	$2,250	$1.78	4d	9	0.64mi
7 W Mulberry St Unit 05 Baltimore, MD	3.0	2.0	1940	$1,750	$0.90	25d	1	0.93mi
904 S Hanover St Baltimore, MD	3.0	2.5	1900	$2,795	$1.47	25d	1	0.99mi
549 Mosher St Baltimore, MD	3.0	1.0	2200	$1,350	$0.61	44d	1	1.06mi
1127 S Hanover St Baltimore, MD	4.0	4.0	2000	$3,600	$1.80	17d	1	1.13mi
1127 S Hanover St Baltimore, MD	4.0	3.5	2000	$3,600	$1.80	19d	1	1.13mi
39 N Bentalou St Baltimore, MD	3.0	2.5	1844	$1,700	$0.92	4d	1	1.17mi
1613 Riggs Ave Baltimore, MD	3.0	2.5	1800	$1,800	$1.00	25d	1	1.17mi
111 E Cross St Baltimore, MD	3.0	4.5	2496	$3,300	$1.32	13d	1	1.24mi
1614 McCulloh St #1 Baltimore, MD	3.0	3.0	2885	$2,400	$0.83	44d	1	1.25mi
128 W Fort Ave Baltimore, MD	3.0	3.5	2025	$3,100	$1.53	25d	1	1.26mi
2 W Clement St Baltimore, MD	3.0	3.5	1866	$3,400	$1.82	19d	1	1.26mi
1628 McCulloh St Unit 2 Baltimore, MD	4.0	2.5	2000	$2,000	$1.00	5d	1	1.27mi
301 Warren Ave Baltimore, MD	1.0–3.0	1.0–2.5	1533	$3,865	$2.52	3d	9	1.27mi
1725 Druid Hill Ave Baltimore, MD	4.0	3.0	2195	$2,100	$0.96	25d	1	1.29mi
206 E Cross St Baltimore, MD	4.0	2.0	2168	$3,000	$1.38	5d	1	1.29mi
1106 Battery Ave Baltimore, MD	4.0	5.0	2318	$4,000	$1.73	25d	1	1.32mi
1502 S Charles St Baltimore, MD	3.0	3.0	2044	$1,500	$0.73	25d	1	1.34mi
10 E Chase St Baltimore, MD	4.0	2.5	2626	$3,499	$1.33	44d	1	1.37mi
9 E Fort Ave Baltimore, MD	3.0	2.0	2118	$3,100	$1.46	44d	1	1.37mi
1153 Riverside Ave Baltimore, MD	4.0	2.0	1838	$2,800	$1.52	44d	1	1.41mi
1927 Druid Hill Ave #2 Baltimore, MD	3.0	2.0	3312	$2,350	$0.71	44d	1	1.42mi
1723 Clarkson St Baltimore, MD	3.0	3.5	2488	$3,250	$1.31	25d	1	1.43mi
147 W Lafayette Ave Baltimore, MD	4.0	2.5	2400	$3,250	$1.35	44d	1	1.44mi
1929 McCulloh St Baltimore, MD	3.0	2.5	3293	$2,595	$0.79	44d	1	1.46mi
22 E Heath St Baltimore, MD	3.0	2.5	1800	$2,900	$1.61	13d	1	1.47mi
32 E Preston St Unit B Baltimore, MD	3.0	3.0	2500	$2,890	$1.16	44d	1	1.50mi

Listing history 27 events

1. 2026-06-21
   days on market $265,000 Active 9 DOM
2. 2026-06-18
   days on market $265,000 Active 6 DOM
3. 2026-06-17
   days on market $265,000 Active 5 DOM
4. 2026-06-16
   days on market $265,000 Active 4 DOM
5. 2026-06-15
   days on market $265,000 Active 3 DOM
6. 2026-06-13
   pricedays on marketlisting id $265,000 Active 1 DOM
7. 2026-06-09
   days on market $269,990 Active 90 DOM
8. 2026-06-08
   days on market $269,990 Active 89 DOM
9. 2026-06-07
   days on market $269,990 Active 88 DOM
10. 2026-06-04
    days on market $269,990 Active 85 DOM
11. 2026-06-03
    days on market $269,990 Active 84 DOM
12. 2026-06-02
    days on market $269,990 Active 83 DOM
13. 2026-06-01
    days on market $269,990 Active 82 DOM
14. 2026-05-31
    days on market $269,990 Active 81 DOM
15. 2026-05-06
    price $269,990 740-char remark
16. 2026-04-13
    price $279,990 740-char remark
17. 2026-03-25
    price $299,900 740-char remark
18. 2026-03-11
    listed $315,000 Active 740-char remark
19. 2025-11-14
    historical
20. 2025-09-25
    listed $325,000 Active
21. 2025-09-18
    historical $2,500
22. 2025-09-18
    historical
23. 2025-09-07
    price $2,500
24. 2025-09-03
    price $2,550
25. 2025-08-27
    price $2,650
26. 2025-08-17
    listed $2,800
27. 2004-06-10
    soldstatus $67,000

ⓘ 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: $4,285 · $357/mo
• Projected year-2 tax: $4,285 · $357/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 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,773
• − Mortgage interest: −$14,844
• − Property taxes: −$4,285
• − Insurance: −$1,325
• − Repairs & maintenance: −$2,462
• − Management: −$2,462
• − Depreciation: −$7,709
• Taxable loss: −$2,313
• Est. tax savings @ 24.0%: +$555
• After-tax cash flow: $2,580/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): 18,307
• Household income: $45,640
• Rent vs Own: 89.0% rent · 11.0% own
• Severe rent burden: 2648.0

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 0.57)
• Race & ethnicity: Black 61% White 23% Two or more races 7% Asian 5% Hispanic / Latino 5%
• Common ancestry: Romanian 2% Slovak 1% Lithuanian 1%
• Foreign-born: 11% · Canada, China, South Korea
• Languages at home: 84% English-only · Spanish 5% Other Indo-European 2% Chinese 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: ▼ -10.03%
• Current HPI: 257.3988
• Rent YoY: ▲ 0.28%
• 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

+295.5% since first listed

15 events — show timeline

• 2026-06-12 Listed $265,000 BRIGHT MLS
• 2026-06-10 Listing Removed — BRIGHT MLS
• 2026-05-06 Price Changed $269,990 BRIGHT MLS
• 2026-04-13 Price Changed $279,990 BRIGHT MLS
• 2026-03-25 Price Changed $299,900 BRIGHT MLS
• 2026-03-11 Listed $315,000 BRIGHT MLS
• 2025-11-14 Listing Removed — BRIGHT MLS
• 2025-09-25 Listed $325,000 BRIGHT MLS
• 2025-09-18 Rental Removed $2,500 TENANTTURNER2
• 2025-09-18 Coming Soon — BRIGHT MLS
• 2025-09-07 Price Changed $2,500 TENANTTURNER2
• 2025-09-03 Price Changed $2,550 TENANTTURNER2
• 2025-08-27 Price Changed $2,650 TENANTTURNER2
• 2025-08-17 Listed for Rent $2,800 TENANTTURNER2
• 2004-06-10 Sold (Public Records) $67,000 Public Records

Property tax history

+0.9%/yr

Latest (2025): $4,285 · +4.9% YoY. Source: county tax records.