307 S Augusta Ave · Baltimore, MD 21229

$159,000

6 bd · 2.0 ba · 2,048 sqft · SingleFamily public records · 176 Days on market

Built 1920 2,975 sqft lot $78/sqft · 53% below area

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

Listing remarks MLS

Huge home—an even bigger opportunity. This spacious single-family detached property offers exceptional potential for renovation and resale or a buy-and-hold investment with steady cash flow. With 6 generous bedrooms across 4 levels plus an unfinished basement ready to be transformed into additional usable space, the possibilities are endless. Ideal for room rentals, group home or assisted living uses (buyer to verify zoning), or for leasing to programs that offer guaranteed rental income, this home is a versatile investment in a high-demand market. Bring your vision—this property’s potential is limited only by your imagination.

Key facts

• Unfinished basement
• 2,975 sq ft lot
• Built 1920

Tags

• UNFINISHED BASEMENT

What this means for you Summary

Snapshot

• This is a 6-bed/2.0-bath single-family listed at $159k.

Deal economics

• At list price, monthly cash flow is $750 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $159k).
• Recommended offer: $140k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.0% 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 fast (+5.4%/yr); 252 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• At $2,412/mo this rent would consume 48% of the median local household income ($60k/yr) (locally 2776% 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 $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 + 5.4% rent growth), your $45k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 176 days — a 12% lower offer ($140k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 25y ago; this cycle's ask has dropped $21k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $120k; 32% 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: moderate wind risk, 24% 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 $139,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 176 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 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: 1.52% ✓
• Cap rate: 11.95%
• Cash-on-cash: 20.22%
• DSCR: 1.90
• GRM: 5.5

CMA / ARV

• ARV (median comp): $338,420
• List price: $159,000
• Delta: -53.02%
• Verdict: UNDERPRICED
• Comps: 14 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
435 S Augusta Ave	0.12mi	7/2.0 (+1)	1,808 (-12%)	8mo	$121,000	$67	63
4608 Cedar Garden Rd	0.56mi	6/3.0	2,109 (+3%)	17mo	$350,000	$166	51
4107 Walrad St	0.09mi	5/2.5 (-1)	2,310 (+13%)	23mo	$330,000	$143	48

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 · 5.38% rent growth · sell at horizon

5-year hold

• IRR: 15.2%
• Equity multiple: 1.63×
• Total profit: $27,990
• Equity at exit: $23,707

10-year hold

• IRR: 25.7%
• Equity multiple: 3.51×
• Total profit: $111,649
• Equity at exit: $13,747

Cash invested: $44,520 (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 21229

• Rents YoY: 5.4%
• Active inventory: 252
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $2,412 medium
• Mortgage (P&I): −$834
• Tax from tax record: −$255 /mo · $3,061/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$506
• Net cashflow: $750

Break-even live

Break-even rent $1,462

Max offer price $159,000

Occupancy floor 64%

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
715 N Rosedale St Baltimore, MD	5.0	3.0	1542	$2,550	$1.65	43d	1	1.36mi

Listing history 41 events

1. 2026-06-16
   status $159,000 Pending 176 DOM
2. 2026-06-15
   days on market $159,000 Active 176 DOM
3. 2026-06-13
   days on market $159,000 Active 174 DOM
4. 2026-06-09
   days on market $159,000 Active 170 DOM
5. 2026-06-08
   days on market $159,000 Active 169 DOM
6. 2026-06-07
   days on market $159,000 Active 168 DOM
7. 2026-06-02
   days on market $159,000 Active 165 DOM
8. 2026-06-01
   days on market $159,000 Active 164 DOM
9. 2026-05-31
   days on market $159,000 Active 163 DOM
10. 2026-04-06
    price $159,000 653-char remark

    Show marketing remark (653 chars)

    Huge home—an even bigger opportunity. This spacious single-family detached property offers exceptional potential for renovation and resale or a buy-and-hold investment with steady cash flow. With 6 generous bedrooms across 4 levels plus an unfinished basement ready to be transformed into additional usable space, the possibilities are endless. Ideal for room rentals, group home or assisted living uses (buyer to verify zoning), or for leasing to programs that offer guaranteed rental income, this home is a versatile investment in a high-demand market. Bring your vision—this property’s potential is limited only by your imagination.

11. 2026-04-06
    status Active 653-char remark

    Show marketing remark (653 chars)

    Huge home—an even bigger opportunity. This spacious single-family detached property offers exceptional potential for renovation and resale or a buy-and-hold investment with steady cash flow. With 6 generous bedrooms across 4 levels plus an unfinished basement ready to be transformed into additional usable space, the possibilities are endless. Ideal for room rentals, group home or assisted living uses (buyer to verify zoning), or for leasing to programs that offer guaranteed rental income, this home is a versatile investment in a high-demand market. Bring your vision—this property’s potential is limited only by your imagination.

12. 2026-04-02
    historical 653-char remark

    Show marketing remark (653 chars)

    Huge home—an even bigger opportunity. This spacious single-family detached property offers exceptional potential for renovation and resale or a buy-and-hold investment with steady cash flow. With 6 generous bedrooms across 4 levels plus an unfinished basement ready to be transformed into additional usable space, the possibilities are endless. Ideal for room rentals, group home or assisted living uses (buyer to verify zoning), or for leasing to programs that offer guaranteed rental income, this home is a versatile investment in a high-demand market. Bring your vision—this property’s potential is limited only by your imagination.

13. 2026-01-13
    price $169,900 653-char remark

    Show marketing remark (653 chars)

    Huge home—an even bigger opportunity. This spacious single-family detached property offers exceptional potential for renovation and resale or a buy-and-hold investment with steady cash flow. With 6 generous bedrooms across 4 levels plus an unfinished basement ready to be transformed into additional usable space, the possibilities are endless. Ideal for room rentals, group home or assisted living uses (buyer to verify zoning), or for leasing to programs that offer guaranteed rental income, this home is a versatile investment in a high-demand market. Bring your vision—this property’s potential is limited only by your imagination.

14. 2025-12-12
    listed $179,900 Active 653-char remark

    Show marketing remark (653 chars)

    Huge home—an even bigger opportunity. This spacious single-family detached property offers exceptional potential for renovation and resale or a buy-and-hold investment with steady cash flow. With 6 generous bedrooms across 4 levels plus an unfinished basement ready to be transformed into additional usable space, the possibilities are endless. Ideal for room rentals, group home or assisted living uses (buyer to verify zoning), or for leasing to programs that offer guaranteed rental income, this home is a versatile investment in a high-demand market. Bring your vision—this property’s potential is limited only by your imagination.

15. 2018-07-09
    soldstatus $120,000 Sold 417-char remark

    Show marketing remark (417 chars)

    Rare Fine, well maintained and recently remodeled residential detached home w/ 6 bedrooms 2 full baths, at first time homeowner price range. This home can be used for a large family ready to move into quiet community with, no improvements necessary. Or an investor who can rent it the entire home or each room as a boarding house. Located w/ close access to major roadways & highways & shopping district.

16. 2018-07-09
    soldstatus $120,000 Closed

    Show marketing remark (417 chars)

    Rare Fine, well maintained and recently remodeled residential detached home w/ 6 bedrooms 2 full baths, at first time homeowner price range. This home can be used for a large family ready to move into quiet community with, no improvements necessary. Or an investor who can rent it the entire home or each room as a boarding house. Located w/ close access to major roadways & highways & shopping district.

17. 2018-07-06
    status Pending

    Show marketing remark (417 chars)

    Rare Fine, well maintained and recently remodeled residential detached home w/ 6 bedrooms 2 full baths, at first time homeowner price range. This home can be used for a large family ready to move into quiet community with, no improvements necessary. Or an investor who can rent it the entire home or each room as a boarding house. Located w/ close access to major roadways & highways & shopping district.

18. 2018-07-06
    status Contract 417-char remark

    Show marketing remark (417 chars)

    Rare Fine, well maintained and recently remodeled residential detached home w/ 6 bedrooms 2 full baths, at first time homeowner price range. This home can be used for a large family ready to move into quiet community with, no improvements necessary. Or an investor who can rent it the entire home or each room as a boarding house. Located w/ close access to major roadways & highways & shopping district.

19. 2018-07-02
    status Active

    Show marketing remark (417 chars)

    Rare Fine, well maintained and recently remodeled residential detached home w/ 6 bedrooms 2 full baths, at first time homeowner price range. This home can be used for a large family ready to move into quiet community with, no improvements necessary. Or an investor who can rent it the entire home or each room as a boarding house. Located w/ close access to major roadways & highways & shopping district.

20. 2018-07-02
    status Active 417-char remark

    Show marketing remark (417 chars)

    Rare Fine, well maintained and recently remodeled residential detached home w/ 6 bedrooms 2 full baths, at first time homeowner price range. This home can be used for a large family ready to move into quiet community with, no improvements necessary. Or an investor who can rent it the entire home or each room as a boarding house. Located w/ close access to major roadways & highways & shopping district.

21. 2018-06-18
    status Pending

    Show marketing remark (417 chars)

    Rare Fine, well maintained and recently remodeled residential detached home w/ 6 bedrooms 2 full baths, at first time homeowner price range. This home can be used for a large family ready to move into quiet community with, no improvements necessary. Or an investor who can rent it the entire home or each room as a boarding house. Located w/ close access to major roadways & highways & shopping district.

22. 2018-06-18
    status Contract 417-char remark

    Show marketing remark (417 chars)

    Rare Fine, well maintained and recently remodeled residential detached home w/ 6 bedrooms 2 full baths, at first time homeowner price range. This home can be used for a large family ready to move into quiet community with, no improvements necessary. Or an investor who can rent it the entire home or each room as a boarding house. Located w/ close access to major roadways & highways & shopping district.

23. 2018-05-31
    historical Active Under Contract

    Show marketing remark (417 chars)

    Rare Fine, well maintained and recently remodeled residential detached home w/ 6 bedrooms 2 full baths, at first time homeowner price range. This home can be used for a large family ready to move into quiet community with, no improvements necessary. Or an investor who can rent it the entire home or each room as a boarding house. Located w/ close access to major roadways & highways & shopping district.

24. 2018-05-31
    historical Contingent (Kick Out) 417-char remark

    Show marketing remark (417 chars)

    Rare Fine, well maintained and recently remodeled residential detached home w/ 6 bedrooms 2 full baths, at first time homeowner price range. This home can be used for a large family ready to move into quiet community with, no improvements necessary. Or an investor who can rent it the entire home or each room as a boarding house. Located w/ close access to major roadways & highways & shopping district.

25. 2018-02-04
    listed $119,900 Active 417-char remark

    Show marketing remark (417 chars)

    Rare Fine, well maintained and recently remodeled residential detached home w/ 6 bedrooms 2 full baths, at first time homeowner price range. This home can be used for a large family ready to move into quiet community with, no improvements necessary. Or an investor who can rent it the entire home or each room as a boarding house. Located w/ close access to major roadways & highways & shopping district.

26. 2018-02-04
    listed $119,900 Active

    Show marketing remark (417 chars)

    Rare Fine, well maintained and recently remodeled residential detached home w/ 6 bedrooms 2 full baths, at first time homeowner price range. This home can be used for a large family ready to move into quiet community with, no improvements necessary. Or an investor who can rent it the entire home or each room as a boarding house. Located w/ close access to major roadways & highways & shopping district.

27. 2010-01-22
    soldstatus $50,000
28. 2010-01-22
    soldstatus $50,000 Sold
29. 2009-12-24
    status Contingent (No Kick Out)
30. 2009-12-23
    historical
31. 2009-12-09
    price $59,500
32. 2009-11-07
    listed $69,900 Active
33. 2009-11-06
    listed $59,500
34. 2006-03-02
    soldstatus $58,200
35. 2006-02-01
    historical
36. 2005-12-05
    listed
37. 2001-10-29
    soldstatus $18,900
38. 2001-08-15
    historical
39. 2001-05-23
    listed $18,900
40. 1996-07-30
    soldstatus $44,000
41. 1989-12-26
    soldstatus $38,000

ⓘ 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: $3,061 · $255/mo
• Projected year-2 tax: $3,061 · $255/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 5/10 Major 24% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,940
• − Mortgage interest: −$8,906
• − Property taxes: −$3,061
• − Insurance: −$795
• − Repairs & maintenance: −$2,315
• − Management: −$2,315
• − Depreciation: −$4,625
• Taxable income: $6,922
• Est. tax owed @ 24.0%: −$1,661
• After-tax cash flow: $7,340/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): 46,679
• Household income: $60,047
• Rent vs Own: 43.1% rent · 56.9% own
• Severe rent burden: 2776.0

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 (73%)
• Race & ethnicity: Black 73% White 15% Hispanic / Latino 6% Two or more races 4% Asian 3%
• Common ancestry: Lithuanian 1% Romanian 1% Serbian 1%
• Foreign-born: 5% · Canada, Philippines
• Languages at home: 91% English-only · Spanish 4% Other Indo-European 2% 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: ▼ -259.07%
• Current HPI: 226.896
• Rent YoY: ▲ 5.38%
• 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

+318.4% since first listed

32 events — show timeline

• 2026-04-06 Price Changed $159,000 BRIGHT MLS
• 2026-04-06 Relisted — BRIGHT MLS
• 2026-04-02 Listing Removed — BRIGHT MLS
• 2026-01-13 Price Changed $169,900 BRIGHT MLS
• 2025-12-12 Listed $179,900 BRIGHT MLS
• 2018-07-09 Sold (MLS) $120,000 BRIGHT MLS
• 2018-07-09 Sold (MLS) $120,000 MRIS
• 2018-07-06 Pending — BRIGHT MLS
• 2018-07-06 Pending — MRIS
• 2018-07-02 Relisted — BRIGHT MLS
• 2018-07-02 Relisted — MRIS
• 2018-06-18 Pending — BRIGHT MLS
• 2018-06-18 Pending — MRIS
• 2018-05-31 Contingent — BRIGHT MLS
• 2018-05-31 Contingent — MRIS
• 2018-02-04 Listed $119,900 BRIGHT MLS
• 2018-02-04 Listed $119,900 MRIS
• 2010-01-22 Sold (MLS) $50,000 MRIS
• 2010-01-22 Sold (MLS) $50,000 BRIGHT MLS
• 2009-12-24 Pending — MRIS
• 2009-12-23 Listing Removed — BRIGHT MLS
• 2009-12-09 Price Changed $59,500 MRIS
• 2009-11-07 Listed $69,900 MRIS
• 2009-11-06 Listed $59,500 BRIGHT MLS
• 2006-03-02 Sold (Public Records) $58,200 Public Records
• 2006-02-01 Delisted — MRIS
• 2005-12-05 Listed — MRIS
• 2001-10-29 Sold (MLS) $18,900 MRIS
• 2001-08-15 Delisted — MRIS
• 2001-05-23 Listed $18,900 MRIS
• 1996-07-30 Sold (Public Records) $44,000 Public Records
• 1989-12-26 Sold (Public Records) $38,000 Public Records

Property tax history

+3.3%/yr

Latest (2025): $3,061 · +19.1% YoY. Source: county tax records.