1134 Shields Pl · Baltimore, MD 21201

$25,000

2 bd · 1.0 ba · 770 sqft · Townhouse public records · 86 Days on market

Built 1920 435 sqft lot ↓ 28% since listing

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Why this score? — see what drove the D+ 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 +21.0/30.0
• ARV discount +7.5/15.0
• DSCR +6.7/10.0
• 1% rule +4.3/10.0
• 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 MLS

ONLINE AUCTION: This auction takes place on the Ashland Auction Group website bidding platform. Bidding begins 6/15/2026 @ 10:00 AM. Bidding ends 6/17/2026 @ 12:20 PM. The list price is the suggested opening bid. Deposit: $5,000. This two-story townhouse is located in the Upton neighborhood of Baltimore City. Residents can enjoy the nearby facilities such as the University of Maryland Medical Center Midtown Campus and Upton Metro Station. This property is vacant. The area provides easy access to the nearest major traffic artery, W Franklin St, connecting to other parts of Baltimore.

Key facts

• Upton metro station
• Two story townhouse
• Upton neighborhood

Tags

• TWO STORY TOWNHOUSE
• UPTON NEIGHBORHOOD
• UPTON METRO STATION
• EASY ACCESS TO W FRANKLIN ST

🔨 Auction listing. The $25,000 list price is a nominal opening bid, not a real ask — every metric below is computed on the estimated value $158,163 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $25k.

Deal economics

• At list price, monthly cash flow is $222 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $25k).
• Recommended offer: $24k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.0% 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 flat; 61 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% 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 39% of the median local income ($46k/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.

Negotiation context

• It's been on market 86 days — a 6% lower offer ($24k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 6y ago 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 1920 — 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 $23,500 (6.0% below list)

Questions for the listing agent

1. It's been on market 86 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.93% ✗
• Cap rate: 7.98%
• Cash-on-cash: 6.01%
• DSCR: 1.27
• GRM: 8.9

CMA / ARV

• ARV (median comp): $158,163
• List price: $25,000
• Delta: -84.19%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
702 Tessier St	0.34mi	2/1.0	770 (0%)	23mo	$160,000	$208	65
14 E Mount Vernon Pl	0.75mi	1/1.0 (-1)	798 (+4%)	15mo	$240,000	$301	42
105 Carrollton Ave	0.63mi	2/1.0	880 (+14%)	10mo	$72,000	$82	39
512 Cathedral St #3	0.73mi	1/1.0 (-1)	672 (-13%)	7mo	$168,500	$251	34

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: -9.8%
• Equity multiple: 0.65×
• Total profit: $-15,505
• Equity at exit: $23,583

10-year hold

• IRR: -4.2%
• Equity multiple: 0.75×
• Total profit: $-10,875
• Equity at exit: $13,675

Cash invested: $44,286 (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: 61
• Price-to-rent: 1.4×

Monthly cashflow live

• Estimated rent: $1,476 high
• Mortgage (P&I): −$829
• Tax from tax record: −$49 /mo · $587/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$310
• Net cashflow: $222

Break-even live

Break-even rent $1,195

Max offer price $158,163

Occupancy floor 80%

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: $39,541
• Closing costs: $4,745
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1110 Shields Pl Unit 1129 Baltimore, MD	2.0	1.0	770	$1,100	$1.43	43d	1	0.04mi
910 N Arlington Ave Unit 1 Baltimore, MD	1.0	1.0	551	$999	$1.81	17d	1	0.30mi
1306 McCulloh St #1 Baltimore, MD	1.0	1.0	750	$1,200	$1.60	43d	1	0.36mi
1409 McCulloh St Unit McCulloh UA Baltimore, MD	2.0	1.5	1080	$1,550	$1.44	43d	1	0.41mi
1315 Harlem Ave Unit C Baltimore, MD	2.0	1.0	900	$1,425	$1.58	43d	1	0.47mi
1315 Harlem Ave Unit B Baltimore, MD	2.0	1.0	900	$1,425	$1.58	23d	1	0.47mi
1719 Pennsylvania Ave Baltimore, MD	1.0	1.0	540	$1,200	$2.22	17d	1	0.47mi
1310 Eutaw Pl Unit 4 Baltimore, MD	1.0	1.0	1100	$1,500	$1.36	43d	1	0.47mi
1339 W Lafayette Ave #1 Baltimore, MD	2.0	2.0	700	$1,600	$2.29	12d	1	0.48mi
1123 N Eutaw St Baltimore, MD	2.0	2.0	1052	$1,582	$1.50	4d	4	0.50mi
1524 Madison Ave Unit 1 Baltimore, MD	2.0	2.0	800	$1,600	$2.00	23d	1	0.50mi
628 N Eutaw St Baltimore, MD	1.0–3.0	1.0–2.0	824	$1,605	$1.95	1d	6	0.50mi
1410 Eutaw Pl Unit 6 Baltimore, MD	1.0	1.0	750	$1,500	$2.00	43d	1	0.50mi
422 W Franklin St Apt 1B Baltimore, MD	2.0	2.0	970	$1,500	$1.55	43d	1	0.51mi
307 Dolphin St Baltimore, MD	1.0–3.0	1.0	732	$1,624	$2.22	17d	3	0.52mi
318 N Paca St Unit 10 Baltimore, MD	2.0	1.0	600	$1,200	$2.00	21d	1	0.54mi
318 N Paca St Unit 9 Baltimore, MD	1.0	1.0	600	$1,000	$1.67	43d	1	0.54mi
101 N Schroeder St Baltimore, MD	3.0	1.0–2.0	1037	$2,481	$2.39	2d	12	0.55mi
305 W Monument St Baltimore, MD	1.0–2.0	1.0–2.0	1039	$2,000	$1.92	4d	4	0.55mi
617 W Lexington St Baltimore, MD	1.0–2.0	1.0	975	$2,200	$2.26	10d	4	0.57mi
600 N Howard St Unit 102 Baltimore, MD	2.0	1.0	550	$1,465	$2.66	43d	1	0.58mi
600 N Howard St Unit 402 Baltimore, MD	2.0	1.0	550	$1,565	$2.85	43d	1	0.58mi
600 N Howard St Unit 502 Baltimore, MD	2.0	1.0	550	$1,650	$3.00	43d	1	0.58mi
319 W Franklin St Unit 301-0303 Baltimore, MD	1.0	1.0	808	$1,550	$1.92	43d	1	0.59mi
319 W Franklin St Unit 301-0503 Baltimore, MD	1.0	1.0	808	$1,550	$1.92	23d	1	0.59mi
319 W Franklin St Unit 301-0506 Baltimore, MD	1.0	1.0	708	$1,350	$1.91	14d	1	0.59mi
306 W Franklin St Baltimore, MD	1.0–2.0	1.0–2.0	733	$1,822	$2.48	2d	5	0.60mi
226 W Monument St Unit 1R Baltimore, MD	2.0	1.0	950	$1,250	$1.32	23d	1	0.60mi
1202 Bolton St #1 Baltimore, MD	1.0	1.0	1000	$2,000	$2.00	43d	1	0.61mi
1200 Bolton St Baltimore, MD	1.0	1.0	560	$1,850	$3.30	43d	1	0.61mi
857 N Howard St Unit 1R Baltimore, MD	1.0	1.0	650	$1,199	$1.84	43d	1	0.61mi
319 W Mulberry St Unit 2 Baltimore, MD	2.0	2.0	1115	$1,350	$1.21	43d	1	0.62mi
301 W Franklin St Unit 301-0101 Baltimore, MD	1.0	1.0	825	$1,600	$1.94	43d	1	0.62mi
301 W Franklin St Unit SJ-0101 Baltimore, MD	1.0	1.0	825	$1,650	$2.00	43d	1	0.62mi
301 W Franklin St Baltimore, MD	1.0	1.0	586	$1,600	$2.73	12d	5	0.62mi
301 W Franklin St Unit SJ-0506 Baltimore, MD	1.0	1.0	708	$1,500	$2.12	43d	1	0.62mi
301 W Franklin St Unit SJ-0411 Baltimore, MD	1.0	1.0	551	$1,450	$2.63	43d	1	0.62mi
1847 Druid Hill Ave Unit B Baltimore, MD	1.0	1.0	600	$1,250	$2.08	43d	1	0.62mi
301 McMechen St Baltimore, MD	1.0	1.0	462	$1,201	$2.60	2d	1	0.63mi
416 N Howard St Unit 3A Baltimore, MD	1.0	1.0	900	$1,200	$1.33	43d	1	0.64mi

Listing history 29 events

1. 2026-06-18
   days on market $25,000 Active 86 DOM
2. 2026-06-17
   days on market $25,000 Active 85 DOM
3. 2026-06-16
   days on market $25,000 Active 84 DOM
4. 2026-06-15
   days on market $25,000 Active 83 DOM
5. 2026-06-13
   days on market $25,000 Active 81 DOM
6. 2026-06-09
   days on market $25,000 Active 77 DOM
7. 2026-06-08
   days on market $25,000 Active 76 DOM
8. 2026-06-07
   days on market $25,000 Active 75 DOM
9. 2026-06-04
   days on market $25,000 Active 72 DOM
10. 2026-06-03
    days on market $25,000 Active 71 DOM
11. 2026-06-02
    days on market $25,000 Active 70 DOM
12. 2026-06-01
    days on market $25,000 Active 69 DOM
13. 2026-05-31
    days on market $25,000 Active 68 DOM
14. 2026-03-24
    listed $25,000 Active 590-char remark

    Show marketing remark (590 chars)

    ONLINE AUCTION: This auction takes place on the Ashland Auction Group website bidding platform. Bidding begins 6/15/2026 @ 10:00 AM. Bidding ends 6/17/2026 @ 12:20 PM. The list price is the suggested opening bid. Deposit: $5,000. This two-story townhouse is located in the Upton neighborhood of Baltimore City. Residents can enjoy the nearby facilities such as the University of Maryland Medical Center Midtown Campus and Upton Metro Station. This property is vacant. The area provides easy access to the nearest major traffic artery, W Franklin St, connecting to other parts of Baltimore.

15. 2025-12-31
    historical
16. 2025-11-25
    price $45,000
17. 2025-11-14
    price $25,000
18. 2025-09-11
    listed $30,000 Active
19. 2025-03-12
    soldstatus $45,000
20. 2025-02-10
    soldstatus $45,000 Closed
21. 2025-01-14
    status Pending
22. 2024-11-26
    listed $30,000 Active
23. 2021-10-30
    historical
24. 2021-09-14
    listed Active Under Contract
25. 2021-09-14
    listed $40,000
26. 2020-08-31
    soldstatus $38,000 Closed
27. 2020-08-13
    status Pending
28. 2020-07-30
    listed $30,000 Active
29. 1989-09-29
    soldstatus $34,500

ⓘ 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: $587 · $49/mo
• Projected year-2 tax: $587 · $49/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: $17,712
• − Mortgage interest: −$8,860
• − Property taxes: −$587
• − Insurance: −$791
• − Repairs & maintenance: −$1,417
• − Management: −$1,417
• − Depreciation: −$4,601
• Taxable income: $40
• Est. tax owed @ 24.0%: −$9
• After-tax cash flow: $2,652/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

-27.5% since first listed

16 events — show timeline

• 2026-03-24 Listed $25,000 BRIGHT MLS
• 2025-12-31 Listing Removed — BRIGHT MLS
• 2025-11-25 Price Changed $45,000 BRIGHT MLS
• 2025-11-14 Price Changed $25,000 BRIGHT MLS
• 2025-09-11 Listed $30,000 BRIGHT MLS
• 2025-03-12 Sold (Public Records) $45,000 Public Records
• 2025-02-10 Sold (MLS) $45,000 BRIGHT MLS
• 2025-01-14 Pending — BRIGHT MLS
• 2024-11-26 Listed $30,000 BRIGHT MLS
• 2021-10-30 Listing Removed — BRIGHT MLS
• 2021-09-14 Listed — BRIGHT MLS
• 2021-09-14 Listed $40,000 BRIGHT MLS
• 2020-08-31 Sold (MLS) $38,000 BRIGHT MLS
• 2020-08-13 Pending — BRIGHT MLS
• 2020-07-30 Listed $30,000 BRIGHT MLS
• 1989-09-29 Sold (Public Records) $34,500 Public Records

Property tax history

+7.7%/yr

Latest (2025): $587 · +0.0% YoY. Source: county tax records.