1629 N Wolfe St · Baltimore, MD 21213

$124,900

3 bd · 1.0 ba · 577 sqft · Townhouse public records · 3 Days on market

Built 1920

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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
• DSCR +10.0/10.0
• 1% rule +9.4/10.0
• ARV discount +7.5/15.0
• 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 MLS

Welcome to this updated two-story rowhome offering comfortable living at an affordable price. The main level features an open layout with wood-style flooring, neutral paint, and plenty of natural light. The kitchen has been updated with white cabinets, granite countertops, tile backsplash, and stainless-steel appliances, providing a functional space for daily use. Upstairs offers well-sized bedrooms with ample closet space and an updated full bathroom. The basement is clean and freshly painted, offering extra storage or flexible use. The fenced rear yard provides a private outdoor space for relaxing or light gardening. Conveniently located near Johns Hopkins, downtown Baltimore, and major commuter routes. A solid option for a homeowner or investor.

Key facts

• No association fees
• On-street parking
• Vibrant neighborhood

Tags

• INVESTMENT OPPORTUNITY
• ADDITIONAL LIVING SPACE
• RENTAL INCOME
• VIBRANT NEIGHBORHOOD
• ON-STREET PARKING
• NO ASSOCIATION FEES

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas for heat and hot water
• Home design: Interior townhouse / rowhouse; Flat roof; Estimated year built
• Construction: Brick construction with brick front; Concrete perimeter foundation and slab; Above grade and below grade structures
• Exterior features: In city limits (Baltimore City); Ground rent paid annually; No tidal water

Interior

• Bedrooms: Three bedrooms on the main level
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Forced air heating; Natural gas hot water
• Interior features: Drywall walls and ceilings; Daylight, full basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $125k.

Deal economics

• At list price, monthly cash flow is $662 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Cap rate 12.6% 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; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 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 $155 of equity ($864 loan paydown + $-709 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 $35k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 19y 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 $85k; 47% 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: 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 $124,900

Questions for the listing agent

1. Built in 1920 — 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: 1.44% ✓
• Cap rate: 12.65%
• Cash-on-cash: 22.70%
• DSCR: 2.01
• GRM: 5.8

CMA / ARV

• ARV (on-the-fly): $73,279
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2305 Ashland Ave	0.69mi	3/1.0	616 (+7%)	4mo	$78,000	$127	54

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: 23.4%
• Equity multiple: 2.12×
• Total profit: $39,322
• Equity at exit: $32,760

10-year hold

• IRR: 29.4%
• Equity multiple: 4.40×
• Total profit: $119,034
• Equity at exit: $36,679

Cash invested: $34,972 (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: 5.8×

Monthly cashflow live

• Estimated rent: $1,802 high
• Mortgage (P&I): −$655
• Tax from tax record: −$55 /mo · $658/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$378
• Net cashflow: $662

Break-even live

Break-even rent $964

Max offer price $124,900

Occupancy floor 58%

Sensitivity live

Price	-10% $732	-5% $697	+0% $662	+5% $626	+10% $591
Rent	-10% $519	-5% $590	+0% $662	+5% $733	+10% $804
Rate	-1.0pp $724	-0.5pp $693	base $662	+0.5pp $629	+1.0pp $596

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: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2221 E Preston St Baltimore, MD	2.0	1.0	658	$1,200	$1.82	25d	1	0.34mi
2410 E Federal St Baltimore, MD	4.0	2.0	720	$2,200	$3.06	25d	1	0.38mi
1607 Hakesley Pl Baltimore, MD	3.0	1.0	720	$1,400	$1.94	44d	1	0.40mi
500 N Rose St Baltimore, MD	3.0	2.0	520	$1,200	$2.31	5d	1	0.96mi
1100 Greenmount Ave Baltimore, MD	1.0–3.0	1.0–2.0	839	$2,584	$3.08	3d	1	1.01mi
520 Somerset St Baltimore, MD	1.0–2.0	1.0–2.0	634	$1,578	$2.49	44d	1	1.01mi
1708 Latrobe St Baltimore, MD	2.0	1.0	750	$2,250	$3.00	25d	1	1.11mi
231 E North Ave Baltimore, MD	3.0	1.0	430	$1,200	$2.79	17d	3	1.16mi
1312 Guilford Ave Baltimore, MD	1.0–2.0	1.0–2.0	1040	$1,850	$1.78	44d	6	1.18mi
214 E Chase St Unit 2 Baltimore, MD	2.0	1.0	600	$1,185	$1.98	44d	1	1.21mi
103 E Mt Royal Ave Baltimore, MD	1.0–3.0	1.0–2.0	850	$2,624	$3.09	2d	17	1.24mi
1101 N Calvert St Baltimore, MD	2.0	1.0–2.0	910	$2,274	$2.50	2d	19	1.26mi
1301 Saint Paul St Baltimore, MD	3.0	1.0–3.0	1050	$2,399	$2.28	44d	1	1.28mi
2821 Mathews St Unit 27-668 Baltimore, MD	2.0	1.0	730	$1,050	$1.44	25d	1	1.28mi
3221 The Alameda Unit 2 Baltimore, MD	2.0	1.0	750	$1,200	$1.60	25d	1	1.32mi
9 E Mount Royal Ave Baltimore, MD	1.0–2.0	1.0–2.0	724	$2,495	$3.44	2d	15	1.34mi
2315 St Paul St Baltimore, MD	1.0–2.0	1.0	579	$1,595	$2.75	2d	5	1.38mi
1214 N Charles St Baltimore, MD	2.0	1.0–2.0	1103	$2,333	$2.11	2d	14	1.40mi
38 W Biddle St Baltimore, MD	2.0	1.0–2.0	750	$1,699	$2.27	5d	1	1.47mi
210 S Caroline St Baltimore, MD	1.0–2.0	1.0	808	$1,965	$2.43	44d	23	1.47mi

Listing history 8 events

1. 2026-06-21
   days on market $124,900 Active 3 DOM
2. 2026-06-19
   statusdays on market $124,900 Active 1 DOM
3. 2026-06-18
   days on market $124,900 Coming Soon 7 DOM
4. 2026-06-17
   days on market $124,900 Coming Soon 6 DOM
5. 2026-06-16
   days on market $124,900 Coming Soon 5 DOM
6. 2026-06-15
   days on market $124,900 Coming Soon 4 DOM
7. 2026-06-13
   remarks 699-char remark
8. 2026-06-13
   listed $124,900 Coming Soon 2 DOM

ⓘ 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: $658 · $55/mo
• Projected year-2 tax: $1,010 · $84/mo
• Expected delta: +$352/yr (+$29/mo · 53.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% 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: $21,622
• − Mortgage interest: −$6,996
• − Property taxes: −$658
• − Insurance: −$624
• − Repairs & maintenance: −$1,730
• − Management: −$1,730
• − Depreciation: −$3,633
• Taxable income: $6,250
• Est. tax owed @ 24.0%: −$1,500
• After-tax cash flow: $6,439/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

+986.1% since first listed

40 events — show timeline

• 2026-06-11 Coming Soon $124,900 BRIGHT MLS
• 2026-03-05 Sold (Public Records) $85,000 Public Records
• 2026-02-06 Sold (MLS) $85,000 BRIGHT MLS
• 2026-01-15 Pending — BRIGHT MLS
• 2025-12-31 Listed $122,500 BRIGHT MLS
• 2025-12-31 Listing Removed — BRIGHT MLS
• 2025-10-27 Price Changed $122,500 BRIGHT MLS
• 2025-09-26 Relisted — BRIGHT MLS
• 2025-05-01 Listing Removed — BRIGHT MLS
• 2025-05-01 Listed $135,000 BRIGHT MLS
• 2025-04-16 Coming Soon — BRIGHT MLS
• 2022-08-15 Listing Removed — BRIGHT MLS
• 2022-08-14 Price Changed $86,000 BRIGHT MLS
• 2022-07-30 Price Changed $86,900 BRIGHT MLS
• 2022-07-06 Price Changed $87,000 BRIGHT MLS
• 2022-07-01 Price Changed $88,199 BRIGHT MLS
• 2022-06-20 Price Changed $88,500 BRIGHT MLS
• 2022-06-14 Price Changed $88,900 BRIGHT MLS
• 2022-06-04 Price Changed $89,000 BRIGHT MLS
• 2022-05-27 Price Changed $90,500 BRIGHT MLS
• 2022-05-19 Price Changed $90,900 BRIGHT MLS
• 2022-05-05 Price Changed $91,000 BRIGHT MLS
• 2022-04-28 Price Changed $92,768 BRIGHT MLS
• 2022-04-23 Price Changed $93,768 BRIGHT MLS
• 2022-04-21 Price Changed $96,768 BRIGHT MLS
• 2022-03-09 Price Changed $96,900 BRIGHT MLS
• 2022-02-27 Price Changed $97,000 BRIGHT MLS
• 2022-02-27 Relisted — BRIGHT MLS
• 2022-02-15 Listing Removed — BRIGHT MLS
• 2022-02-09 Price Changed $104,800 BRIGHT MLS
• 2022-01-30 Price Changed $104,900 BRIGHT MLS
• 2022-01-12 Listed $105,000 BRIGHT MLS
• 2008-08-20 Sold (Public Records) $79,900 Public Records
• 2008-07-14 Sold (MLS) $79,900 MRIS
• 2008-03-11 Delisted — MRIS
• 2008-03-03 Price Changed $79,000 MRIS
• 2007-05-15 Listed $69,000 MRIS
• 2005-10-26 Sold (Public Records) $28,350 Public Records
• 1987-10-01 Sold (Public Records) $11,333 Public Records
• 1982-12-13 Sold (Public Records) $11,500 Public Records

Property tax history

+4.5%/yr

Latest (2025): $658 · +25.4% YoY. Source: county tax records.