1447 William St · Baltimore, MD 21230

$350,000

6 bd · 2.5 ba · 1,965 sqft · Townhouse public records · 22 Days on market

Built 1880 1,230 sqft lot $178/sqft · 14% below 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 +24.3/30.0
• DSCR +7.8/10.0
• ARV discount +7.5/15.0
• 1% rule +6.1/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Tuesday, June 23, 2026. Live On Site Auction - Wednesday, June 24, 2026 at 2:00 PM. List price is opening bid only. Live Auction Bidders – a $35,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. Online Auction Bidders – A deposit of $35,000, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Owner’s sale of a three story townhome with attached carriage house, arranged for a total of three (3) units, on one of Federal Hill’s most prominent streets. The two units in the main house were fully updated approximately 10 years ago, and feature a mix of wood and ceramic tile flooring, granite countertops, stainless appliances, in-unit laundry, forced air heat and CAC. The two story carriage house unit has a separate entrance, could use some updating, and could be repurposed as a home office, studio, garage or demolished for surface parking. The well-located property is ideal for either owner occupants looking to live in one unit and rent one or both of the others, or an investor looking to maximize cash flow in one of Baltimore’s best demanded neighborhoods. The auction is being conducted with both online and in-person bidding available.

Key facts

• Fully updated units
• Stainless appliances
• Three story townhome

Tags

• THREE STORY TOWNHOME
• ATTACHED CARRIAGE HOUSE
• FULLY UPDATED UNITS
• GRANITE COUNTERTOPS
• STAINLESS APPLIANCES
• IN UNIT LAUNDRY

Property features AI

Finance

• Other: Ownership interest: Ground Rent
• HOA & community: Ground rent of $54 paid semi-annually

Exterior

• Utilities: Public water; Public sewer; Hot water: Other
• Home design: Interior townhouse/rowhouse
• Construction: Brick construction; Other foundation
• Exterior features: Below-grade area (finished/unfinished space); Carriage house

Interior

• Bedrooms: One bedroom on the main level; Two bedrooms on the first upper level; Three bedrooms on the second upper level
• Flooring: Ceramic tile; Hardwood
• Bathrooms: One full bathroom on the main level; Two full bathrooms on the first upper level; Two full bathrooms on the second upper level; Five full bathrooms total
• Heating & cooling: Forced air heating; Natural gas heat; Central air conditioning (electric)
• Interior features: Entry-level bedroom; Master bath(s); Walk-in closet(s); Wood floors
• Laundry & utility: Laundry hookups

What this means for you Summary

Snapshot

• This is a 6-bed/2.5-bath townhouse listed at $350k.

Deal economics

• At list price, monthly cash flow is $707 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $350k).
• Recommended offer: $345k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.7% 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 soft (-1.0%/yr); 362 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• At $3,887/mo this rent would consume 51% of the median local household income ($92k/yr) (locally 1463% 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 $10k 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 22 days — a 2% lower offer ($345k) is reasonable based on typical stale-listing flexibility.
• 18 sale attempts since 2y 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 $32k; list at $350k implies a 994% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1880 — 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 $344,750 (1.5% below list)

Questions for the listing agent

1. Built in 1880 — 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: 1.11% ✓
• Cap rate: 8.72%
• Cash-on-cash: 8.65%
• DSCR: 1.38
• GRM: 7.5

CMA / ARV

• ARV (median comp): $720,407
• List price: $350,000
• Delta: -30.61%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -6.6%
• Equity multiple: 0.76×
• Total profit: $-23,076
• Equity at exit: $52,186

10-year hold

• IRR: -1.0%
• Equity multiple: 0.94×
• Total profit: $-6,066
• Equity at exit: $30,262

Cash invested: $98,000 (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 21230

• Rents YoY: -1.0%
• Active inventory: 362
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $3,887 medium
• Mortgage (P&I): −$1,835
• Tax from tax record: −$383 /mo · $4,597/yr
• Insurance: −$146
• HOA: −$0
• Vacancy / Maint / Mgmt: −$816
• Net cashflow: $707

Break-even live

Break-even rent $2,993

Max offer price $350,000

Occupancy floor 77%

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: $87,500
• Closing costs: $10,500
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
108 Glass Ln Baltimore, MD	5.0	4.5	2132	$5,250	$2.46	24d	1	0.88mi
610 Scott St Baltimore, MD	5.0	3.0	1700	$2,750	$1.62	12d	1	1.19mi

Listing history 50 events

1. 2026-06-18
   days on market $350,000 Active 22 DOM
2. 2026-06-17
   days on market $350,000 Active 21 DOM
3. 2026-06-16
   days on market $350,000 Active 20 DOM
4. 2026-06-15
   days on market $350,000 Active 19 DOM
5. 2026-06-13
   days on market $350,000 Active 17 DOM
6. 2026-06-09
   days on market $350,000 Active 13 DOM
7. 2026-06-08
   days on market $350,000 Active 12 DOM
8. 2026-06-07
   days on market $350,000 Active 11 DOM
9. 2026-06-04
   days on market $350,000 Active 8 DOM
10. 2026-06-03
    days on market $350,000 Active 7 DOM
11. 2026-06-02
    days on market $350,000 Active 6 DOM
12. 2026-06-01
    days on market $350,000 Active 5 DOM
13. 2026-05-31
    days on market $350,000 Active 4 DOM
14. 2026-05-02
    price $499,900 3234-char remark
15. 2026-05-02
    price $499,900 3217-char remark
16. 2026-04-24
    listed $510,000 Active 3234-char remark
17. 2026-04-24
    listed $510,000 Active 3217-char remark
18. 2026-04-23
    historical
19. 2026-04-23
    historical
20. 2026-04-17
    price $515,000
21. 2026-04-17
    price $515,000
22. 2026-04-05
    status Active
23. 2026-04-05
    status Active
24. 2026-03-27
    historical Active Under Contract
25. 2026-03-27
    historical Active Under Contract
26. 2026-03-19
    listed $525,000 Active
27. 2026-03-19
    listed $525,000 Active
28. 2026-03-15
    historical
29. 2026-02-18
    historical
30. 2026-02-16
    historical
31. 2025-12-13
    listed $550,000 Active
32. 2025-12-13
    listed $550,000 Active
33. 2025-12-05
    historical
34. 2025-12-01
    price $555,000
35. 2025-11-25
    price $554,000
36. 2025-11-09
    listed $555,000 Active
37. 2025-10-19
    historical
38. 2025-09-23
    listed $555,000 Active
39. 2025-05-31
    historical
40. 2025-05-31
    historical
41. 2025-03-27
    listed $565,000 Active
42. 2025-03-27
    listed $565,000 Active
43. 2025-03-24
    historical
44. 2025-03-24
    historical
45. 2024-12-23
    status Pending
46. 2024-12-23
    status Pending
47. 2024-12-22
    historical
48. 2024-12-22
    historical
49. 2024-12-15
    status Active
50. 2024-12-15
    status Active

ⓘ 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: $4,597 · $383/mo
• Projected year-2 tax: $4,597 · $383/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 ≥102°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: $46,648
• − Mortgage interest: −$19,605
• − Property taxes: −$4,597
• − Insurance: −$1,750
• − Repairs & maintenance: −$3,732
• − Management: −$3,732
• − Depreciation: −$10,182
• Taxable income: $3,050
• Est. tax owed @ 24.0%: −$732
• After-tax cash flow: $7,748/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): 32,977
• Household income: $91,842
• Rent vs Own: 49.3% rent · 50.7% own
• Severe rent burden: 1463.0

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 0.63)
• Race & ethnicity: White 55% Black 23% Hispanic / Latino 13% Two or more races 6% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 1%
• Common ancestry: Romanian 5% Lithuanian 2% Italian 2%
• Foreign-born: 10% · Canada, China
• Languages at home: 85% English-only · Spanish 9% Other Indo-European 1% 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: ▼ -311.43%
• Current HPI: 284.338
• Rent YoY: ▼ -1.00%
• 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

+1272.5% since first listed

47 events — show timeline

• 2026-05-27 Listed $350,000 BRIGHT MLS
• 2026-05-27 Listed $350,000 BRIGHT MLS
• 2026-05-22 Listing Removed — BRIGHT MLS
• 2026-05-22 Listing Removed — BRIGHT MLS
• 2026-05-02 Price Changed $499,900 BRIGHT MLS
• 2026-05-02 Price Changed $499,900 BRIGHT MLS
• 2026-04-24 Listed $510,000 BRIGHT MLS
• 2026-04-24 Listed $510,000 BRIGHT MLS
• 2026-04-23 Listing Removed — BRIGHT MLS
• 2026-04-23 Listing Removed — BRIGHT MLS
• 2026-04-17 Price Changed $515,000 BRIGHT MLS
• 2026-04-17 Price Changed $515,000 BRIGHT MLS
• 2026-04-05 Relisted — BRIGHT MLS
• 2026-04-05 Relisted — BRIGHT MLS
• 2026-03-27 Contingent — BRIGHT MLS
• 2026-03-27 Contingent — BRIGHT MLS
• 2026-03-19 Listed $525,000 BRIGHT MLS
• 2026-03-19 Listed $525,000 BRIGHT MLS
• 2026-03-15 Coming Soon — BRIGHT MLS
• 2026-02-18 Listing Removed — BRIGHT MLS
• 2026-02-16 Listing Removed — BRIGHT MLS
• 2025-12-13 Listed $550,000 BRIGHT MLS
• 2025-12-13 Listed $550,000 BRIGHT MLS
• 2025-12-05 Listing Removed — BRIGHT MLS
• 2025-12-01 Price Changed $555,000 BRIGHT MLS
• 2025-11-25 Price Changed $554,000 BRIGHT MLS
• 2025-11-09 Listed $555,000 BRIGHT MLS
• 2025-10-19 Listing Removed — BRIGHT MLS
• 2025-09-23 Listed $555,000 BRIGHT MLS
• 2025-05-31 Listing Removed — BRIGHT MLS
• 2025-05-31 Listing Removed — BRIGHT MLS
• 2025-03-27 Listed $565,000 BRIGHT MLS
• 2025-03-27 Listed $565,000 BRIGHT MLS
• 2025-03-24 Coming Soon — BRIGHT MLS
• 2025-03-24 Coming Soon — BRIGHT MLS
• 2024-12-23 Pending — BRIGHT MLS
• 2024-12-23 Pending — BRIGHT MLS
• 2024-12-22 Listing Removed — BRIGHT MLS
• 2024-12-22 Listing Removed — BRIGHT MLS
• 2024-12-15 Relisted — BRIGHT MLS
• 2024-12-15 Relisted — BRIGHT MLS
• 2024-12-05 Pending — BRIGHT MLS
• 2024-12-05 Pending — BRIGHT MLS
• 2024-10-18 Listed $565,000 BRIGHT MLS
• 2024-10-18 Listed $565,000 BRIGHT MLS
• 1986-09-04 Sold (Public Records) $32,000 Public Records
• 1985-01-23 Sold (Public Records) $25,500 Public Records

Property tax history

-0.2%/yr

Latest (2025): $4,597 · +5.1% YoY. Source: county tax records.