2417 N Pulaski St · Baltimore, MD 21217

$140,000

4 bd · 1.0 ba · 1,576 sqft · Townhouse public records · 10 Days on market

Built 1920 1,980 sqft lot Est $180k · 22% under

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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 +28.1/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.5/10.0
• Rent growth +4.2/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

2417 N Pulaski Street: Space, Character, and a Real Foothold in Baltimore Some homes check a box or two. This one checks all of them. Built in 1920 and tucked into the Whittier-Monroe neighborhood, this classic Baltimore brick rowhome delivers over 2,500 square feet of living space - a rare find at this price point in the city. Four generous bedrooms, a cozy fireplace, and hardwood floors with rich mahogany inlay give the home a warmth and substance that newer construction simply can't replicate. Energy-efficient windows keep things comfortable year-round without sacrificing the original character that makes a home like this worth buying. The kitchen is built for real life - granite counter

Key facts

• Granite countertops
• Center island
• Built 1920

Tags

• BALTIMORE BRICK ROWHOME
• ENERGY EFFICIENT WINDOWS
• GRANITE COUNTERTOPS
• CENTER ISLAND
• PARTIALLY FINISHED BASEMENT
• CLASSIC COVERED PORCH

Property features AI

Finance

• Other: Fee simple ownership

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Electric cooling fuel; Natural gas heating and hot water
• Home design: Interior townhouse/rowhouse
• Construction: Brick construction; Rubber roof; Concrete perimeter foundation; Built area above grade recorded by assessor
• Exterior features: Not in a federal flood zone; Tidal water: No

Interior

• Kitchen: Refrigerator; Dishwasher; Gas oven/range
• Bedrooms: Four bedrooms on the first upper level
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Radiator heat (natural gas); Ceiling fans for cooling; Hot water heated by natural gas
• Interior features: Attic; Dining area; Breakfast area; Window treatments; One fireplace

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath townhouse listed at $140k.

Deal economics

• At list price, monthly cash flow is $441 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Cap rate 10.1% 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: 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.
• Zoned schools: Frederick Douglass High (math 2% / reading 2%, grade F, #217 of 222 statewide, top 100%, 663 students, 81% FRL) — zoned schools at 81% FRL track the district average.
• Market conditions: Rents rising fast (+6.6%/yr); 334 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• At $1,897/mo this rent would consume 59% of the median local household income ($38k/yr) (locally 2921% 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 $968 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 + 6.6% rent growth), your $39k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 24y 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 $47k; list at $140k implies a 198% 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 $140,000

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: 1.35% ✓
• Cap rate: 10.07%
• Cash-on-cash: 13.51%
• DSCR: 1.60
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $179,664
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2105 Whittier Ave	0.09mi	3/1.5 (-1)	1,587 (+1%)	1mo	$80,000	$50	86
2521 Reisterstown Rd	0.18mi	3/2.0 (-1)	1,578 (+0%)	3mo	$215,000	$136	80
2009 Ruxton Ave	0.33mi	4/2.0	1,600 (+2%)	1mo	$234,000	$146	78
2117 N Smallwood St	0.19mi	3/2.5 (-1)	1,680 (+7%)	1mo	$192,000	$114	68
1601 Ruxton Ave	0.61mi	3/1.0 (-1)	1,568 (-0%)	1mo	$90,000	$57	65
3104 Tioga Pkwy	0.46mi	3/2.0 (-1)	1,640 (+4%)	3mo	$217,000	$132	60
1722 N Bentalou St	0.49mi	4/2.0	1,450 (-8%)	3mo	$245,000	$169	58
2326 Braddish Ave	0.57mi	3/1.5 (-1)	1,500 (-5%)	2mo	$159,000	$106	57
2402 Liberty Heights Ave	0.31mi	4/1.5	1,800 (+14%)	4mo	$90,000	$50	57
2453 Mcculloh St	0.66mi	3/1.0 (-1)	1,460 (-7%)	3mo	$99,900	$68	49
608 Cumberland St	0.63mi	3/2.0 (-1)	1,700 (+8%)	2mo	$90,000	$53	46
1626 N Smallwood St	0.55mi	5/3.0 (+1)	1,770 (+12%)	2mo	$238,000	$134	39

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 · 6.63% rent growth · sell at horizon

5-year hold

• IRR: 7.9%
• Equity multiple: 1.32×
• Total profit: $12,681
• Equity at exit: $20,874

10-year hold

• IRR: 20.3%
• Equity multiple: 3.02×
• Total profit: $79,322
• Equity at exit: $12,105

Cash invested: $39,200 (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 21217

• Rents YoY: 6.6%
• Active inventory: 334
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,897 high
• Mortgage (P&I): −$734
• Tax from tax record: −$265 /mo · $3,178/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$398
• Net cashflow: $441

Break-even live

Break-even rent $1,338

Max offer price $140,000

Occupancy floor 72%

Sensitivity live

Price	-10% $520	-5% $481	+0% $441	+5% $402	+10% $362
Rent	-10% $291	-5% $366	+0% $441	+5% $516	+10% $591
Rate	-1.0pp $512	-0.5pp $477	base $441	+0.5pp $405	+1.0pp $368

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2201 Whittier Ave Baltimore, MD	4.0	2.0	1750	$1,700	$0.97	45d	1	0.14mi
2201 Whittier Ave Baltimore, MD	4.0	2.0	1750	$1,700	$0.97	19d	1	0.14mi
2216 Whittier Ave Baltimore, MD	5.0	1.5	1392	$1,975	$1.42	25d	1	0.16mi
2128 N Pulaski St Baltimore, MD	4.0	3.0	2166	$2,200	$1.02	45d	1	0.16mi
2231 Orem Ave Baltimore, MD	3.0	1.5	1140	$1,750	$1.54	18d	1	0.19mi
2204 Clifton Ave Baltimore, MD	3.0	1.0	1400	$1,450	$1.04	5d	1	0.25mi
2614 Pennsylvania Ave Baltimore, MD	1.0–3.0	1.0–2.0	982	$1,141	$1.16	5d	4	0.43mi
1816 N Bentalou St Baltimore, MD	3.0	2.0	1350	$1,700	$1.26	12d	1	0.45mi
1816 N Bentalou St Baltimore, MD	3.0	2.0	1350	$1,700	$1.26	25d	1	0.45mi
2505 Woodbrook Ave Baltimore, MD	4.0	2.0	1256	$1,745	$1.39	3d	1	0.45mi
3104 Tioga Pkwy Baltimore, MD	3.0	2.0	1640	$2,050	$1.25	23d	1	0.47mi
2401 W North Ave Baltimore, MD	5.0	2.0	2037	$1,800	$0.88	5d	1	0.48mi
2405 W North Ave Baltimore, MD	4.0	3.0	1826	$1,900	$1.04	5d	1	0.49mi
1515 Retreat St Baltimore, MD	3.0	2.0	1098	$1,800	$1.64	25d	1	0.50mi
2910 Reisterstown Rd Baltimore, MD	1.0–3.0	1.0	950	$1,414	$1.49	16d	4	0.50mi
1507 Retreat St Unit 1 Baltimore, MD	3.0	3.0	1098	$2,500	$2.28	45d	1	0.51mi
1806 N Mount St Baltimore, MD	3.0	3.0	1200	$1,700	$1.42	21d	1	0.51mi
1729 N Fulton Ave Baltimore, MD	3.0	2.0	1081	$1,795	$1.66	45d	1	0.51mi
2305 Wichita Ave Unit 1 Baltimore, MD	3.0	1.0	1950	$1,300	$0.67	25d	1	0.57mi
1616 N Fulton Ave Baltimore, MD	3.0	2.0	1620	$1,795	$1.11	5d	1	0.60mi
2409 Francis St Baltimore, MD	3.0	1.0	1298	$1,500	$1.16	45d	1	0.61mi
2636 W North Ave Baltimore, MD	2.0–3.0	1.0–2.0	975	$1,475	$1.51	5d	1	0.63mi
2511 Madison Ave #2 Baltimore, MD	3.0	1.0	1100	$1,650	$1.50	45d	1	0.66mi
1501 N Payson St Baltimore, MD	3.0	1.0	1400	$1,550	$1.11	45d	1	0.67mi
519 Sanford Pl Baltimore, MD	3.0	1.0	1300	$1,650	$1.27	17d	1	0.69mi
1516 N Mount St Baltimore, MD	3.0	1.5	1830	$1,750	$0.96	16d	1	0.70mi
1205 Clendenin St Baltimore, MD	3.0	1.5	1560	$800	$0.51	25d	1	0.75mi
2812 Clifton Ave Baltimore, MD	3.0	1.5	1650	$1,850	$1.12	45d	1	0.77mi
2917 Clifton Ave Baltimore, MD	4.0	4.0	1700	$2,150	$1.26	25d	1	0.87mi
1315 Presstman St Baltimore, MD	4.0	2.0	1700	$2,000	$1.18	45d	1	0.89mi
2401 Brookfield Ave Baltimore, MD	2.0–3.0	1.0–2.0	1102	$1,675	$1.52	25d	3	0.93mi
2028 Druid Hill Ave Baltimore, MD	3.0	2.5	1437	$1,799	$1.25	12d	1	0.93mi
2028 Druid Hill Ave Unit 1 Baltimore, MD	3.0	2.5	1437	$1,750	$1.22	4d	1	0.93mi
3030 Windsor Ave Baltimore, MD	4.0	1.5	2124	$1,995	$0.94	5d	1	0.98mi
2800 Presstman St Baltimore, MD	3.0	2.5	1460	$1,799	$1.23	25d	1	0.98mi
3028 Hanlon Ave Baltimore, MD	3.0	2.0	1200	$1,711	$1.43	25d	1	1.00mi
2301 Riggs Ave Baltimore, MD	3.0	2.0	1072	$1,600	$1.49	25d	1	1.01mi
1914 Mosher St Unit 1914 Baltimore, MD	4.0	2.5	1200	$1,700	$1.42	45d	1	1.05mi
1613 Riggs Ave Baltimore, MD	3.0	2.5	1800	$1,800	$1.00	25d	1	1.05mi
918 N Bentalou St Baltimore, MD	3.0	1.5	1485	$1,750	$1.18	45d	1	1.11mi

Listing history 7 events

1. 2026-06-21
   days on market $140,000 Active 10 DOM
2. 2026-06-18
   days on market $140,000 Active 7 DOM
3. 2026-06-17
   days on market $140,000 Active 6 DOM
4. 2026-06-16
   days on market $140,000 Active 5 DOM
5. 2026-06-15
   days on market $140,000 Active 4 DOM
6. 2026-06-13
   remarks 699-char remark
7. 2026-06-13
   listed $140,000 Active 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: $3,178 · $265/mo
• Projected year-2 tax: $3,178 · $265/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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,763
• − Mortgage interest: −$7,842
• − Property taxes: −$3,178
• − Insurance: −$700
• − Repairs & maintenance: −$1,821
• − Management: −$1,821
• − Depreciation: −$4,073
• Taxable income: $3,328
• Est. tax owed @ 24.0%: −$799
• After-tax cash flow: $4,496/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): 30,792
• Household income: $38,409
• Rent vs Own: 70.0% rent · 30.0% own
• Severe rent burden: 2921.0

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 (81%)
• Race & ethnicity: Black 81% White 12% Two or more races 4% Hispanic / Latino 2% Asian 2%
• Common ancestry: Romanian 1% Hispanic 1% Italian 1%
• Foreign-born: 5% · Canada, China, South Korea
• Languages at home: 94% English-only · Spanish 2% French/Haitian/Cajun 1% Chinese 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: ▼ -187.20%
• Current HPI: 104.2102
• Rent YoY: ▲ 6.63%
• 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

+180.6% since first listed

27 events — show timeline

• 2026-06-12 Listed $140,000 BRIGHT MLS
• 2026-06-10 Coming Soon $140,000 BRIGHT MLS
• 2016-11-30 Listing Removed — BRIGHT MLS
• 2016-10-30 Pending — MRIS
• 2016-10-28 Delisted — MRIS
• 2016-09-27 Price Changed — MRIS
• 2016-07-26 Price Changed — MRIS
• 2016-07-26 Price Changed — MRIS
• 2016-07-24 Price Changed — MRIS
• 2016-06-24 Price Changed — MRIS
• 2016-06-05 Listed — MRIS
• 2016-06-05 Listed $89,900 BRIGHT MLS
• 2016-03-01 Delisted — MRIS
• 2016-03-01 Listing Removed — BRIGHT MLS
• 2016-01-28 Price Changed — MRIS
• 2015-10-28 Price Changed — MRIS
• 2015-10-10 Price Changed — MRIS
• 2015-09-06 Listed — MRIS
• 2015-09-06 Listed $110,000 BRIGHT MLS
• 2013-12-31 Delisted — MRIS
• 2013-12-31 Listing Removed — BRIGHT MLS
• 2013-10-23 Listed — MRIS
• 2013-10-23 Listed $129,900 BRIGHT MLS
• 2002-12-20 Sold (Public Records) $47,000 Public Records
• 2002-11-29 Sold (MLS) $47,000 MRIS
• 2002-09-20 Delisted — MRIS
• 2002-09-05 Listed $49,900 MRIS

Property tax history

+2.8%/yr

Latest (2025): $3,178 · +10.1% YoY. Source: county tax records.