1920 Christian St · Baltimore, MD 21223

$150,000

3 bd · 2.0 ba · 820 sqft · Townhouse · 36 Days on market

Built 1920 871 sqft lot $183/sqft · 322% above area

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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 +27.4/30.0
• DSCR +9.6/10.0
• ARV discount +7.5/15.0
• 1% rule +6.1/10.0
• Rent growth +4.4/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to 1920 Christian St, a beautifully renovated Baltimore rowhome blending classic city charm with stylish modern updates and flexible living space. From the moment you arrive you step into a bright and modern interior featuring updated flooring, fresh designer paint, recessed lighting, and a functional layout designed for comfortable everyday living. The stunning kitchen is equipped with white shaker cabinetry, sleek countertops, and stainless-steel appliances, offering the perfect space to cook, entertain, and gather. This spacious home features 3 bedrooms, 2 full bathrooms, plus a bonus third-floor room ideal for a home office, guest suite, nursery, media room, or creative flex space. The basement provides additional storage and utility space. Whether you are a first-time buyer searching for a move-in ready home or an investor looking for a turnkey rental opportunity with strong income potential, this property delivers versatility and value. Conveniently located near Downtown Baltimore, the Inner Harbor, University of Maryland Medical Center, Camden Yards, M & T Bank Stadium, Carroll Park, shopping, dining, and major commuter routes including I-95 and I-295, this home offers easy access to everything Baltimore has to offer. A rare opportunity to own an updated home with space, style, and affordability—schedule your private tour today.

Key facts

• Fresh designer paint
• Updated flooring
• Recessed lighting

Tags

• RENOVATED BALTIMORE ROWHOME
• BRIGHT AND MODERN INTERIOR
• UPDATED FLOORING
• FRESH DESIGNER PAINT
• RECESSED LIGHTING
• FUNCTIONAL LAYOUT

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $150k.

Deal economics

• At list price, monthly cash flow is $437 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $146k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.8% 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 (+7.5%/yr); 422 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); 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 43% 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 $4k 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 + 7.5% rent growth), your $42k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 26y 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.
• Current owner paid $7k; list at $150k implies a 2110% gain — meaningful room to come down on a strong offer.

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 $145,500 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.11% ✓
• Cap rate: 9.79%
• Cash-on-cash: 12.48%
• DSCR: 1.56
• GRM: 7.5

CMA / ARV

• ARV (median comp): $35,503
• List price: $150,000
• Delta: 322.50%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
308 S Payson St	0.11mi	3/1.0	894 (+9%)	7mo	$25,000	$28	70
420 S Smallwood St	0.21mi	3/3.5	910 (+11%)	4mo	$100,000	$110	62
534 S Smallwood St	0.21mi	3/1.0	912 (+11%)	9mo	$39,900	$44	60
1612 Lemmon St	0.33mi	2/1.0 (-1)	744 (-9%)	1mo	$20,000	$27	60
1610 Lemmon St	0.33mi	2/1.0 (-1)	744 (-9%)	1mo	$20,000	$27	59
1608 Lemmon St	0.33mi	2/1.0 (-1)	744 (-9%)	1mo	$20,000	$27	59
1606 Lemmon St	0.34mi	2/1.0 (-1)	744 (-9%)	1mo	$20,000	$27	59
1241 Sargeant St	0.67mi	2/2.5 (-1)	816 (-0%)	4mo	$160,000	$196	57
119 S Carrollton Ave	0.64mi	2/1.5 (-1)	800 (-2%)	4mo	$83,000	$104	56
1438 Ward St	0.62mi	2/1.0 (-1)	804 (-2%)	7mo	$50,000	$62	53
1406 Lemmon St	0.47mi	3/1.5	720 (-12%)	8mo	$155,000	$215	50
1133 Sargeant St	0.74mi	2/1.5 (-1)	912 (+11%)	2mo	$67,500	$74	38

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 · 7.51% rent growth · sell at horizon

5-year hold

• IRR: 6.6%
• Equity multiple: 1.27×
• Total profit: $11,315
• Equity at exit: $22,365

10-year hold

• IRR: 19.3%
• Equity multiple: 2.93×
• Total profit: $80,862
• Equity at exit: $12,969

Cash invested: $42,000 (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 21223

• Rents YoY: 7.5%
• Active inventory: 422
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,661 high
• Mortgage (P&I): −$787
• Tax from tax record: −$26 /mo · $315/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$349
• Net cashflow: $437

Break-even live

Break-even rent $1,108

Max offer price $150,000

Occupancy floor 69%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1918 W Baltimore St Baltimore, MD	2.0–3.0	1.0–2.0	857	$1,434	$1.67	44d	1	0.37mi
1601 Frederick Ave Unit 3 Baltimore, MD	2.0	1.0	1050	$1,050	$1.00	4d	1	0.43mi
305 S Calhoun St Baltimore, MD	2.0	1.0	1000	$1,300	$1.30	22d	1	0.43mi
1324 W Lombard St Unit 2 Baltimore, MD	2.0	1.5	1100	$1,450	$1.32	44d	1	0.51mi
1324 W Lombard St Unit 1 Baltimore, MD	2.0	2.0	1100	$1,500	$1.36	24d	1	0.51mi
2540 Frederick Ave Baltimore, MD	3.0	1.0	1075	$1,400	$1.30	24d	1	0.53mi
1315 Hollins St Unit 2 Baltimore, MD	3.0	2.0	1096	$1,860	$1.70	4d	1	0.54mi
1315 Hollins St Unit 2 Baltimore, MD	3.0	2.0	1096	$1,950	$1.78	13d	1	0.54mi
62 N Gorman Ave Baltimore, MD	3.0	2.0	1100	$2,500	$2.27	18d	1	0.56mi
332 S Franklintown Rd Unit 2 Baltimore, MD	2.0	1.0	776	$795	$1.02	24d	1	0.58mi
2516 Hollins St Baltimore, MD	3.0	2.0	1100	$1,700	$1.55	44d	1	0.60mi
48 S Carrollton Ave Unit 4 Baltimore, MD	2.0	1.0	670	$1,600	$2.39	44d	1	0.62mi
1215 James St Baltimore, MD	2.0	1.0	960	$1,500	$1.56	44d	1	0.64mi
2657 Lehman St Unit 1 Baltimore, MD	2.0	1.0	1056	$1,000	$0.95	44d	1	0.65mi
1432 Carroll St Baltimore, MD	2.0	1.5	912	$1,900	$2.08	44d	1	0.65mi
1142 Sargeant St Baltimore, MD	3.0	2.0	1080	$1,601	$1.48	2d	1	0.70mi
1160 Washington Blvd Baltimore, MD	2.0	1.0	960	$1,575	$1.64	24d	1	0.72mi
1127 Sargeant St Baltimore, MD	2.0	1.5	1080	$1,275	$1.18	24d	1	0.72mi
1163 Washington Blvd Baltimore, MD	2.0	2.5	1012	$1,700	$1.68	13d	1	0.73mi
923 McHenry St Baltimore, MD	3.0	1.0	1008	$1,625	$1.61	44d	1	0.78mi
847 McHenry St Baltimore, MD	2.0	2.0	952	$1,795	$1.89	4d	1	0.84mi
853 Reinhart St Baltimore, MD	2.0	2.5	780	$1,800	$2.31	44d	1	0.88mi
101 N Schroeder St Baltimore, MD	3.0	1.0–2.0	1037	$3,185	$3.07	2d	12	0.88mi
805 Washington Blvd Unit A Baltimore, MD	2.0	2.0	1050	$1,650	$1.57	44d	1	0.96mi
805 Washington Blvd Unit B Baltimore, MD	2.0	2.0	1106	$1,650	$1.49	20d	1	0.96mi
519 Scott St Unit 1 Baltimore, MD	2.0	2.0	800	$2,000	$2.50	44d	1	0.99mi
1125 Wicomico St Baltimore, MD	3.0	3.0	1068	$1,955	$1.83	24d	1	0.99mi
1315 Harlem Ave Unit C Baltimore, MD	2.0	1.0	900	$1,425	$1.58	44d	1	1.03mi
1315 Harlem Ave Unit B Baltimore, MD	2.0	1.0	900	$1,425	$1.58	24d	1	1.03mi
2815 W Mulberry St Baltimore, MD	4.0	2.0	1040	$2,050	$1.97	44d	1	1.08mi
1931 Griffis Ave Baltimore, MD	2.0	1.0	912	$1,349	$1.48	4d	1	1.08mi
812 S Paca St Baltimore, MD	3.0	2.0	990	$1,500	$1.52	13d	1	1.12mi
1339 W Lafayette Ave #1 Baltimore, MD	2.0	2.0	700	$1,600	$2.29	13d	1	1.16mi
638 S Paca St Unit 2404866494 Baltimore, MD	3.0	1.5	1100	$2,200	$2.00	44d	1	1.17mi
2301 Riggs Ave Baltimore, MD	3.0	2.0	1072	$1,600	$1.49	24d	1	1.27mi
617 W Lexington St Baltimore, MD	1.0–2.0	1.0	975	$2,200	$2.26	10d	4	1.31mi
1110 Shields Pl Unit 1129 Baltimore, MD	2.0	1.0	770	$1,100	$1.43	44d	1	1.36mi
3310 Elbert St Baltimore, MD	2.0	1.0	920	$1,550	$1.68	24d	1	1.43mi
11 S Eutaw St Baltimore, MD	1.0–2.0	1.0–2.0	1023	$2,146	$2.10	2d	11	1.48mi
318 N Paca St Unit 10 Baltimore, MD	2.0	1.0	600	$1,200	$2.00	22d	1	1.49mi

Listing history 35 events

1. 2026-04-20
   listed $150,000 Active 1380-char remark

   Show marketing remark (1380 chars)

   Welcome home to 1920 Christian St, a beautifully renovated Baltimore rowhome blending classic city charm with stylish modern updates and flexible living space. From the moment you arrive you step into a bright and modern interior featuring updated flooring, fresh designer paint, recessed lighting, and a functional layout designed for comfortable everyday living. The stunning kitchen is equipped with white shaker cabinetry, sleek countertops, and stainless-steel appliances, offering the perfect space to cook, entertain, and gather. This spacious home features 3 bedrooms, 2 full bathrooms, plus a bonus third-floor room ideal for a home office, guest suite, nursery, media room, or creative flex space. The basement provides additional storage and utility space. Whether you are a first-time buyer searching for a move-in ready home or an investor looking for a turnkey rental opportunity with strong income potential, this property delivers versatility and value. Conveniently located near Downtown Baltimore, the Inner Harbor, University of Maryland Medical Center, Camden Yards, M & T Bank Stadium, Carroll Park, shopping, dining, and major commuter routes including I-95 and I-295, this home offers easy access to everything Baltimore has to offer. A rare opportunity to own an updated home with space, style, and affordability—schedule your private tour today.

2. 2020-06-01
   soldstatus $6,787 Closed 155-char remark

   Show marketing remark (155 chars)

   Calling all investors!!!!! A Great home with lots of potential. Seller is very motivated send us best offer. Property sold As-is . Please bring screwdriver

3. 2020-05-26
   status Pending 155-char remark

   Show marketing remark (155 chars)

   Calling all investors!!!!! A Great home with lots of potential. Seller is very motivated send us best offer. Property sold As-is . Please bring screwdriver

4. 2020-04-15
   price $6,787 155-char remark

   Show marketing remark (155 chars)

   Calling all investors!!!!! A Great home with lots of potential. Seller is very motivated send us best offer. Property sold As-is . Please bring screwdriver

5. 2020-01-16
   price $9,000 155-char remark

   Show marketing remark (155 chars)

   Calling all investors!!!!! A Great home with lots of potential. Seller is very motivated send us best offer. Property sold As-is . Please bring screwdriver

6. 2020-01-14
   listed $9,900 Active 155-char remark

   Show marketing remark (155 chars)

   Calling all investors!!!!! A Great home with lots of potential. Seller is very motivated send us best offer. Property sold As-is . Please bring screwdriver

7. 2019-10-04
   historical
8. 2019-05-15
   price $9,900
9. 2019-04-11
   status Active
10. 2019-04-06
    historical
11. 2019-04-05
    listed $12,900 Active
12. 2017-06-16
    historical
13. 2016-11-30
    status Contract
14. 2016-11-29
    historical Withdrawn
15. 2016-11-15
    price
16. 2016-11-04
    status Active
17. 2016-10-26
    status Contract
18. 2016-10-19
    price
19. 2016-10-10
    status Active
20. 2016-09-21
    status Contract
21. 2016-09-14
    status Active
22. 2016-09-12
    status Contract
23. 2016-09-02
    price
24. 2016-08-02
    listed Active
25. 2016-08-02
    listed $6,400
26. 2006-07-21
    soldstatus $44,000
27. 2002-08-07
    historical
28. 2002-01-31
    listed
29. 2001-10-30
    soldstatus $500
30. 2001-09-10
    historical
31. 2001-01-29
    historical
32. 2001-01-07
    listed $2,750
33. 2000-12-15
    listed
34. 1990-10-31
    soldstatus $31,900
35. 1987-10-06
    soldstatus $10,000

ⓘ 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: $315 · $26/mo
• Projected year-2 tax: $975 · $81/mo
• Expected delta: +$660/yr (+$55/mo · 209.7%)

ⓘ 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: $19,930
• − Mortgage interest: −$8,402
• − Property taxes: −$315
• − Insurance: −$750
• − Repairs & maintenance: −$1,594
• − Management: −$1,594
• − Depreciation: −$4,364
• Taxable income: $2,911
• Est. tax owed @ 24.0%: −$699
• After-tax cash flow: $4,542/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): 19,572
• Household income: $45,840
• Rent vs Own: 68.0% rent · 32.0% own
• Severe rent burden: 1755.0

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 (72%)
• Race & ethnicity: Black 72% White 16% Hispanic / Latino 7% Two or more races 6% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Romanian 1%
• Foreign-born: 8% · Canada
• Languages at home: 90% English-only · Spanish 6% French/Haitian/Cajun 2% Other Indo-European 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: ▼ -97.99%
• Current HPI: 140.5836
• Rent YoY: ▲ 7.51%
• 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

+1400.0% since first listed

35 events — show timeline

• 2026-04-20 Listed $150,000 BRIGHT MLS
• 2020-06-01 Sold (MLS) $6,787 BRIGHT MLS
• 2020-05-26 Pending — BRIGHT MLS
• 2020-04-15 Price Changed $6,787 BRIGHT MLS
• 2020-01-16 Price Changed $9,000 BRIGHT MLS
• 2020-01-14 Listed $9,900 BRIGHT MLS
• 2019-10-04 Listing Removed — BRIGHT MLS
• 2019-05-15 Price Changed $9,900 BRIGHT MLS
• 2019-04-11 Relisted — BRIGHT MLS
• 2019-04-06 Listing Removed — BRIGHT MLS
• 2019-04-05 Listed $12,900 BRIGHT MLS
• 2017-06-16 Listing Removed — BRIGHT MLS
• 2016-11-30 Pending — MRIS
• 2016-11-29 Delisted — MRIS
• 2016-11-15 Price Changed — MRIS
• 2016-11-04 Relisted — MRIS
• 2016-10-26 Pending — MRIS
• 2016-10-19 Price Changed — MRIS
• 2016-10-10 Relisted — MRIS
• 2016-09-21 Pending — MRIS
• 2016-09-14 Relisted — MRIS
• 2016-09-12 Pending — MRIS
• 2016-09-02 Price Changed — MRIS
• 2016-08-02 Listed — MRIS
• 2016-08-02 Listed $6,400 BRIGHT MLS
• 2006-07-21 Sold (Public Records) $44,000 Public Records
• 2002-08-07 Delisted — MRIS
• 2002-01-31 Listed — MRIS
• 2001-10-30 Sold (MLS) $500 MRIS
• 2001-09-10 Delisted — MRIS
• 2001-01-29 Delisted — MRIS
• 2001-01-07 Listed $2,750 MRIS
• 2000-12-15 Listed — MRIS
• 1990-10-31 Sold (Public Records) $31,900 Public Records
• 1987-10-06 Sold (Public Records) $10,000 Public Records

Property tax history

+0.1%/yr

Latest (2025): $315 · +13.6% YoY. Source: county tax records.