3323 Kenyon Ave · Baltimore, MD 21213

$74,900

2 bd · 1.0 ba · 1,620 sqft · Townhouse public records · 107 Days on market

Built 1930 1,393 sqft lot Est $149k · 50% under

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Why this score? — see what drove the A- 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +4.7/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0

Listing remarks

Nestled in the vibrant Belair-Edison neighborhood, this well-maintained 2-bedroom, 1-bathroom townhouse exudes warmth and character. Built in 1930, the home features a traditional floor plan that seamlessly blends classic charm with modern comforts. Step inside to discover hardwood floors that flow throughout the main living and dining areas, creating an inviting atmosphere perfect for both relaxation and entertaining. The gourmet kitchen provides ample space for culinary enthusiast. The bathroom features a tub shower, providing a serene space to unwind after a long day. When you venture outside, you will find a welcoming porch, ideal for sipping morning coffee or enjoying evening sunsets.

Key facts

• Gourmet kitchen
• Classic brick
• Tub shower

Tags

• HARDWOOD FLOORS
• GOURMET KITCHEN
• TUB SHOWER
• WELCOMING PORCH
• CLASSIC BRICK
• PARTIALLY FINISHED BASEMENT

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas for heating and hot water; Electric for cooling
• Home design: Interior townhouse/rowhouse; Fee simple ownership
• Construction: Brick exterior with brick front; Permanent foundation with concrete perimeter
• Exterior features: Porch(es); Sidewalks and street lights; Level entry at main entrance; Walkout basement with outside/rear entrance and connecting stairway; Above-grade and below-grade outdoor access

Interior

• Kitchen: Gourmet kitchen with table space
• Bedrooms: 2 bedrooms on the first upper level
• Flooring: Hardwood; Vinyl
• Bathrooms: 1 full bathroom on the first upper level; 1 full bathroom total
• Heating & cooling: Hot water/radiator heat (natural gas); Ceiling fans and window cooling units (electric)
• Interior features: Traditional floor plan with dining area and gourmet kitchen; Tub with shower; Drywall, paneled walls, and plaster walls; Wood floors
• Laundry & utility: Basement laundry area

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $75k.

Deal economics

• At list price, monthly cash flow is $806 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $75k).
• Recommended offer: $68k (9.0% below list) — sets the bar for market timing.
• Cap rate 19.2% 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 (+5.2%/yr); 319 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); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 42% of the median local income ($51k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $93 of equity ($518 loan paydown + $-425 appreciation (-0.6% local appreciation)).
• Baltimore County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-0.6% appreciation + 5.2% rent growth), your $21k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 107 days — a 9% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 26y ago; this cycle's ask has dropped $35k (32%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price; built in 1930 — 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 $68,159 (9.0% below list)

Questions for the listing agent

1. It's been on market 107 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 2.41% ✓
• Cap rate: 19.21%
• Cash-on-cash: 46.14%
• DSCR: 3.05
• GRM: 3.5

CMA / ARV

• ARV (on-the-fly): $149,040
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3620 Erdman Ave	0.42mi	3/2.0 (+1)	1,600 (-1%)	2mo	$120,000	$75	68
3401 Ramona Ave	0.11mi	3/2.0 (+1)	1,812 (+12%)	0mo	$199,000	$110	66
2835 Brendan Ave	0.40mi	3/1.0 (+1)	1,725 (+6%)	2mo	$76,500	$44	64
3914 Eierman Ave	0.56mi	3/2.0 (+1)	1,628 (+0%)	0mo	$128,000	$79	64
3406 Ramona Ave	0.13mi	3/2.0 (+1)	1,408 (-13%)	0mo	$85,000	$60	63
4215 Seidel Ave	0.50mi	3/2.0 (+1)	1,528 (-6%)	2mo	$186,500	$122	57
3571 Dudley Ave	0.24mi	3/2.0 (+1)	1,400 (-14%)	1mo	$175,000	$125	56
4718 Parkside Dr	0.47mi	2/2.0	1,440 (-11%)	0mo	$214,990	$149	55
3444 Belair Rd	0.33mi	3/2.0 (+1)	1,428 (-12%)	2mo	$131,000	$92	54
3564 Elmora Ave	0.51mi	3/1.5 (+1)	1,478 (-9%)	1mo	$133,500	$90	54
3114 Mareco Ave	0.46mi	3/2.0 (+1)	1,410 (-13%)	2mo	$125,000	$89	46
4114 Moravia Rd	0.73mi	3/1.0 (+1)	1,390 (-14%)	2mo	$169,990	$122	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-0.57% appreciation · 5.25% rent growth · sell at horizon

5-year hold

• IRR: 49.2%
• Equity multiple: 3.45×
• Total profit: $51,452
• Equity at exit: $19,646

10-year hold

• IRR: 53.5%
• Equity multiple: 7.53×
• Total profit: $136,875
• Equity at exit: $21,996

Cash invested: $20,972 (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 21213

• Home prices YoY: -0.1%
• Rents YoY: 5.2%
• Active inventory: 319
• Price-to-rent: 3.5×

Monthly cashflow live

• Estimated rent: $1,803 high
• Mortgage (P&I): −$393
• Tax from tax record: −$194 /mo · $2,325/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$379
• Net cashflow: $806

Break-even live

Break-even rent $782

Max offer price $74,900

Occupancy floor 50%

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: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3305 Dudley Ave Baltimore, MD	3.0	2.0	1413	$1,950	$1.38	43d	1	0.09mi
3544 Chesterfield Ave Baltimore, MD	3.0	1.5	1200	$1,635	$1.36	43d	1	0.19mi
3028 Kenyon Ave Baltimore, MD	2.0	2.0	1075	$1,395	$1.30	43d	1	0.21mi
3027 Shannon Dr Baltimore, MD	3.0	2.0	1950	$2,500	$1.28	43d	1	0.22mi
3519 Kentucky Ave Baltimore, MD	3.0	2.0	1536	$2,100	$1.37	10d	1	0.23mi
3572 Juneway Unit 1 Baltimore, MD	2.0	1.0	1800	$1,200	$0.67	43d	1	0.24mi
3525 Kentucky Ave Baltimore, MD	3.0	1.5	1536	$1,950	$1.27	43d	1	0.24mi
3551 Shannon Dr Baltimore, MD	3.0	2.0	1485	$2,358	$1.59	23d	1	0.26mi
2848 Pelham Ave Baltimore, MD	3.0	2.0	1164	$1,700	$1.46	43d	1	0.34mi
3610 Elmley Ave Baltimore, MD	2.0	1.5	1200	$1,550	$1.29	20d	1	0.35mi
4244 Shamrock Ave Baltimore, MD	3.0	1.5	1920	$1,850	$0.96	23d	1	0.38mi
2817 Pelham Ave Baltimore, MD	3.0	2.0	1464	$1,950	$1.33	23d	1	0.39mi
4320 Sheldon Ave Baltimore, MD	3.0	1.5	1280	$1,800	$1.41	23d	1	0.40mi
2828 Lake Ave Baltimore, MD	3.0	2.0	1164	$1,850	$1.59	4d	1	0.41mi
3551 Elmley Ave Baltimore, MD	3.0	1.5	1872	$2,095	$1.12	23d	1	0.43mi
3436 Cardenas Ave Baltimore, MD	2.0	1.0	1146	$1,395	$1.22	43d	1	0.46mi
2735 Chesterfield Ave Baltimore, MD	3.0	2.5	1536	$2,000	$1.30	10d	1	0.48mi
3515 Parklawn Ave Baltimore, MD	3.0	2.0	1240	$1,700	$1.37	2d	1	0.48mi
3611 Ravenwood Ave #2 Baltimore, MD	1.0	1.0	1566	$975	$0.62	43d	1	0.49mi
4400 Asbury Ave Baltimore, MD	3.0	2.0	1270	$1,995	$1.57	4d	1	0.50mi
3914 Erdman Ave #1 Baltimore, MD	3.0	1.0	1200	$1,319	$1.10	17d	1	0.52mi
3512 Elmora Ave Baltimore, MD	3.0	1.5	1472	$1,900	$1.29	20d	1	0.52mi
3005 Belair Rd Baltimore, MD	3.0	2.0	2000	$1,600	$0.80	17d	1	0.54mi
4024 Eierman Ave Baltimore, MD	3.0	2.0	1136	$1,825	$1.61	43d	1	0.56mi
4104 Erdman Ave Unit 2 Baltimore, MD	2.0	1.0	1566	$1,075	$0.69	4d	1	0.57mi
4116 Raymonn Ave Baltimore, MD	3.0	1.5	1244	$1,950	$1.57	43d	1	0.57mi
3335 Lyndale Ave Baltimore, MD	2.0	2.0	1344	$1,600	$1.19	23d	1	0.67mi
3326 Elmora Ave Baltimore, MD	3.0	1.0	1200	$1,450	$1.21	23d	1	0.69mi
3222 Lyndale Ave Unit 1 Baltimore, MD	3.0	1.5	1500	$2,200	$1.47	12d	1	0.73mi
3213 Elmley Ave Baltimore, MD	2.0	1.0	1188	$1,395	$1.17	43d	1	0.74mi
4300 Orchard Ridge Blvd Baltimore, MD	1.0–3.0	1.0–2.0	1021	$1,420	$1.39	43d	1	0.74mi
2113 Belair Rd Baltimore, MD	3.0	1.0	1344	$1,795	$1.34	43d	1	0.83mi
4517 Woodlea Ave Baltimore, MD	2.0	2.0	1326	$1,900	$1.43	2d	1	0.92mi
5731 Denwood Ave Baltimore, MD	3.0	1.5	1440	$1,700	$1.18	23d	1	1.01mi
5731 Denwood Ave Baltimore, MD	3.0	1.5	1152	$1,700	$1.48	21d	1	1.01mi
4104 Parkwood Ave Baltimore, MD	3.0	1.0	1224	$2,800	$2.29	23d	1	1.13mi
1403 N Linwood Ave Baltimore, MD	3.0	2.0	1660	$1,995	$1.20	43d	1	1.16mi
1829 N Port St Baltimore, MD	3.0	1.5	2000	$1,625	$0.81	43d	1	1.17mi
4023 Belwood Ave Baltimore, MD	3.0	1.0	1080	$1,995	$1.85	43d	1	1.21mi
1215 N Ellwood Ave Baltimore, MD	3.0	1.0	1128	$1,795	$1.59	23d	1	1.22mi

Listing history 25 events

1. 2026-06-18
   days on market $74,900 Active 107 DOM
2. 2026-06-17
   days on market $74,900 Active 106 DOM
3. 2026-06-16
   days on market $74,900 Active 105 DOM
4. 2026-06-15
   days on market $74,900 Active 104 DOM
5. 2026-06-13
   pricedays on market $74,900 Active 102 DOM
6. 2026-06-09
   days on market $89,900 Active 98 DOM
7. 2026-06-08
   days on market $89,900 Active 97 DOM
8. 2026-06-07
   days on market $89,900 Active 96 DOM
9. 2026-06-04
   days on market $89,900 Active 93 DOM
10. 2026-06-03
    days on market $89,900 Active 92 DOM
11. 2026-06-02
    days on market $89,900 Active 91 DOM
12. 2026-06-01
    days on market $89,900 Active 90 DOM
13. 2026-05-31
    days on market $89,900 Active 89 DOM
14. 2026-05-20
    status Active
15. 2026-04-09
    status Pending
16. 2026-03-26
    price $89,900
17. 2026-02-23
    price $99,900
18. 2026-01-21
    listed $109,900 Active
19. 2023-11-29
    soldstatus $185,000
20. 2023-11-01
    soldstatus $313,837
21. 2000-10-26
    soldstatus $28,100
22. 2000-09-05
    historical
23. 2000-06-01
    listed $34,200
24. 1994-09-01
    soldstatus $51,000
25. 1986-07-28
    soldstatus $41,900

ⓘ 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: $2,325 · $194/mo
• Projected year-2 tax: $2,325 · $194/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 8/10 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: $21,633
• − Mortgage interest: −$4,196
• − Property taxes: −$2,325
• − Insurance: −$374
• − Repairs & maintenance: −$1,731
• − Management: −$1,731
• − Depreciation: −$2,179
• Taxable income: $9,097
• Est. tax owed @ 24.0%: −$2,183
• After-tax cash flow: $7,493/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): 28,058
• Household income: $51,344
• Rent vs Own: 48.0% rent · 52.0% own
• Severe rent burden: 1868.0

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 (86%)
• Race & ethnicity: Black 86% White 6% Hispanic / Latino 4% Two or more races 3%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3%

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: ▼ -0.57%
• Current HPI: 427.4453
• Rent YoY: ▲ 5.25%
• 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

+114.6% since first listed

12 events — show timeline

• 2026-05-20 Relisted — BRIGHT MLS
• 2026-04-09 Pending — BRIGHT MLS
• 2026-03-26 Price Changed $89,900 BRIGHT MLS
• 2026-02-23 Price Changed $99,900 BRIGHT MLS
• 2026-01-21 Listed $109,900 BRIGHT MLS
• 2023-11-29 Sold (Public Records) $185,000 Public Records
• 2023-11-01 Sold (Public Records) $313,837 Public Records
• 2000-10-26 Sold (MLS) $28,100 MRIS
• 2000-09-05 Delisted — MRIS
• 2000-06-01 Listed $34,200 MRIS
• 1994-09-01 Sold (Public Records) $51,000 Public Records
• 1986-07-28 Sold (Public Records) $41,900 Public Records

Property tax history

-0.0%/yr

Latest (2025): $2,325 · +45.6% YoY. Source: county tax records.