1812 N Washington St · Baltimore, MD 21213

$150,000

3 bd · 1.0 ba · 672 sqft · Townhouse public records · 128 Days on market

Built 1913 $223/sqft · 47% above area Est $183k · 18% 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 +28.2/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.2/10.0
• 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 charming Baltimore rowhome located in the heart of the Oliver/Broadway East corridor—perfect for homeowners or investors alike. This property offers classic city character with strong potential and a convenient location close to everything Baltimore has to offer. Step inside to find a traditional layout with spacious living and dining areas, ideal for everyday living or entertaining. The home features multiple bedrooms, a functional kitchen, and a full basement that offers additional storage or value-add possibilities. Out back, enjoy a private rear yard—perfect for relaxing, gardening, or future improvements. Prime Location, located minutes from * * HUGE PRICE DROP * * Downtown Baltimore & Johns Hopkins Hospital, easy access to I-83, Route 40, and public transportation, close to local shops, restaurants, and neighborhood amenities. Whether you’re a buyer looking to personalize a home or an investor seeking a solid rental opportunity, 1812 N Washington St delivers location, upside, and affordability in one package. Currently rented for slightly under $1700/m. Don’t miss the opportunity to own in one of Baltimore’s growing neighborhoods—schedule your showing today!

Key facts

• Functional kitchen
• Private rear yard
• Full basement

Tags

• PRIVATE REAR YARD
• FULL BASEMENT
• FUNCTIONAL KITCHEN
• PRIME LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $150k.

Deal economics

• At list price, monthly cash flow is $476 ($6k/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: $132k (12.0% below list) — sets the bar for market timing.
• 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: 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; 19 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 ($51k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $185 of equity ($1k loan paydown + $-852 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 $42k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 128 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $70k (32%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $80k; list at $150k implies a 88% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1913 — 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 $132,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 128 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1913 — 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. 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.
8. 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.
9. 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: 1.22% ✓
• Cap rate: 10.10%
• Cash-on-cash: 13.60%
• DSCR: 1.61
• GRM: 6.8

CMA / ARV

• ARV (median comp): $182,816
• List price: $150,000
• Delta: -17.95%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-0.57% appreciation · 5.25% rent growth · sell at horizon

5-year hold

• IRR: 13.2%
• Equity multiple: 1.62×
• Total profit: $26,189
• Equity at exit: $39,344

10-year hold

• IRR: 20.1%
• Equity multiple: 3.27×
• Total profit: $95,272
• Equity at exit: $44,050

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 21213

• Home prices YoY: -0.1%
• Rents YoY: 5.2%
• Active inventory: 319
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,826 high
• Mortgage (P&I): −$787
• Tax from tax record: −$117 /mo · $1,409/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$383
• Net cashflow: $476

Break-even live

Break-even rent $1,223

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 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2410 E Federal St Baltimore, MD	4.0	2.0	720	$2,200	$3.06	24d	1	0.40mi
2221 E Preston St Baltimore, MD	2.0	1.0	658	$1,200	$1.82	24d	1	0.45mi
1607 Hakesley Pl Baltimore, MD	3.0	1.0	720	$1,400	$1.94	44d	1	0.51mi
1100 Greenmount Ave Baltimore, MD	1.0–3.0	1.0–2.0	839	$2,584	$3.08	2d	1	1.07mi
500 N Rose St Baltimore, MD	3.0	2.0	520	$1,200	$2.31	4d	1	1.08mi
1708 Latrobe St Baltimore, MD	2.0	1.0	750	$2,250	$3.00	24d	1	1.11mi
520 Somerset St Baltimore, MD	1.0–2.0	1.0–2.0	634	$1,578	$2.49	44d	1	1.13mi
231 E North Ave Baltimore, MD	3.0	1.0	430	$1,200	$2.79	16d	3	1.15mi
3221 The Alameda Unit 2 Baltimore, MD	2.0	1.0	750	$1,200	$1.60	24d	1	1.18mi
2821 Mathews St Unit 27-668 Baltimore, MD	2.0	1.0	730	$1,050	$1.44	24d	1	1.19mi
1312 Guilford Ave Baltimore, MD	1.0–2.0	1.0–2.0	1040	$1,850	$1.78	44d	6	1.22mi
214 E Chase St Unit 2 Baltimore, MD	2.0	1.0	600	$1,185	$1.98	44d	1	1.27mi
103 E Mt Royal Ave Baltimore, MD	1.0–3.0	1.0–2.0	850	$2,624	$3.09	2d	17	1.28mi
1101 N Calvert St Baltimore, MD	2.0	1.0–2.0	910	$2,274	$2.50	2d	19	1.31mi
1301 Saint Paul St Baltimore, MD	3.0	1.0–3.0	1050	$2,399	$2.28	44d	1	1.32mi
2315 St Paul St Baltimore, MD	1.0–2.0	1.0	579	$1,595	$2.75	2d	5	1.33mi
9 E Mount Royal Ave Baltimore, MD	1.0–2.0	1.0–2.0	724	$2,495	$3.44	2d	15	1.38mi
1214 N Charles St Baltimore, MD	2.0	1.0–2.0	1103	$2,333	$2.11	2d	14	1.44mi
1040 E 33rd St Baltimore, MD	1.0–2.0	1.0–2.0	775	$1,525	$1.97	3d	10	1.44mi

Listing history 26 events

1. 2026-06-18
   days on market $150,000 Active 128 DOM
2. 2026-06-17
   days on market $150,000 Active 127 DOM
3. 2026-06-16
   days on market $150,000 Active 126 DOM
4. 2026-06-15
   days on market $150,000 Active 125 DOM
5. 2026-06-13
   days on market $150,000 Active 123 DOM
6. 2026-06-09
   days on market $150,000 Active 119 DOM
7. 2026-06-08
   days on market $150,000 Active 118 DOM
8. 2026-06-07
   days on market $150,000 Active 117 DOM
9. 2026-06-04
   days on market $150,000 Active 114 DOM
10. 2026-06-03
    days on market $150,000 Active 113 DOM
11. 2026-06-02
    days on market $150,000 Active 112 DOM
12. 2026-06-01
    days on market $150,000 Active 111 DOM
13. 2026-05-31
    days on market $150,000 Active 110 DOM
14. 2026-03-25
    price $150,000 1244-char remark

    Show marketing remark (1244 chars)

    Welcome to this charming Baltimore rowhome located in the heart of the Oliver/Broadway East corridor—perfect for homeowners or investors alike. This property offers classic city character with strong potential and a convenient location close to everything Baltimore has to offer. Step inside to find a traditional layout with spacious living and dining areas, ideal for everyday living or entertaining. The home features multiple bedrooms, a functional kitchen, and a full basement that offers additional storage or value-add possibilities. Out back, enjoy a private rear yard—perfect for relaxing, gardening, or future improvements. Prime Location, located minutes from * * HUGE PRICE DROP * * Downtown Baltimore & Johns Hopkins Hospital, easy access to I-83, Route 40, and public transportation, close to local shops, restaurants, and neighborhood amenities. Whether you’re a buyer looking to personalize a home or an investor seeking a solid rental opportunity, 1812 N Washington St delivers location, upside, and affordability in one package. Currently rented for slightly under $1700/m. Don’t miss the opportunity to own in one of Baltimore’s growing neighborhoods—schedule your showing today!

15. 2026-03-13
    price $210,000 1244-char remark

    Show marketing remark (1244 chars)

    Welcome to this charming Baltimore rowhome located in the heart of the Oliver/Broadway East corridor—perfect for homeowners or investors alike. This property offers classic city character with strong potential and a convenient location close to everything Baltimore has to offer. Step inside to find a traditional layout with spacious living and dining areas, ideal for everyday living or entertaining. The home features multiple bedrooms, a functional kitchen, and a full basement that offers additional storage or value-add possibilities. Out back, enjoy a private rear yard—perfect for relaxing, gardening, or future improvements. Prime Location, located minutes from * * HUGE PRICE DROP * * Downtown Baltimore & Johns Hopkins Hospital, easy access to I-83, Route 40, and public transportation, close to local shops, restaurants, and neighborhood amenities. Whether you’re a buyer looking to personalize a home or an investor seeking a solid rental opportunity, 1812 N Washington St delivers location, upside, and affordability in one package. Currently rented for slightly under $1700/m. Don’t miss the opportunity to own in one of Baltimore’s growing neighborhoods—schedule your showing today!

16. 2026-02-10
    listed $220,000 Active 1244-char remark

    Show marketing remark (1244 chars)

    Welcome to this charming Baltimore rowhome located in the heart of the Oliver/Broadway East corridor—perfect for homeowners or investors alike. This property offers classic city character with strong potential and a convenient location close to everything Baltimore has to offer. Step inside to find a traditional layout with spacious living and dining areas, ideal for everyday living or entertaining. The home features multiple bedrooms, a functional kitchen, and a full basement that offers additional storage or value-add possibilities. Out back, enjoy a private rear yard—perfect for relaxing, gardening, or future improvements. Prime Location, located minutes from * * HUGE PRICE DROP * * Downtown Baltimore & Johns Hopkins Hospital, easy access to I-83, Route 40, and public transportation, close to local shops, restaurants, and neighborhood amenities. Whether you’re a buyer looking to personalize a home or an investor seeking a solid rental opportunity, 1812 N Washington St delivers location, upside, and affordability in one package. Currently rented for slightly under $1700/m. Don’t miss the opportunity to own in one of Baltimore’s growing neighborhoods—schedule your showing today!

17. 2025-06-12
    historical $2,000
18. 2025-05-19
    listed $2,000
19. 2024-04-19
    soldstatus $80,000 Closed 598-char remark

    Show marketing remark (598 chars)

    PRICE DROP! Broadway East is a developing neighborhood that is experiencing a resurgence after a long period of disinvestment. Recent progress in the Broadway East neighborhood includes the renovation of the American Brewery building on Gay Street, which was renovated and reopened as the headquarters of nonprofit Humanim, Inc. , and the Baltimore Food Hub, a 3.5-acre campus of food-related businesses. This property is approx. 10 blocks from Johns Hopkins Hospital. It is not an auction, not a short sale, not a foreclosure. Price is less than what owners paid. First reasonable offer takes it!

20. 2024-04-19
    historical 598-char remark

    Show marketing remark (598 chars)

    PRICE DROP! Broadway East is a developing neighborhood that is experiencing a resurgence after a long period of disinvestment. Recent progress in the Broadway East neighborhood includes the renovation of the American Brewery building on Gay Street, which was renovated and reopened as the headquarters of nonprofit Humanim, Inc. , and the Baltimore Food Hub, a 3.5-acre campus of food-related businesses. This property is approx. 10 blocks from Johns Hopkins Hospital. It is not an auction, not a short sale, not a foreclosure. Price is less than what owners paid. First reasonable offer takes it!

21. 2024-02-12
    historical Active Under Contract 598-char remark

    Show marketing remark (598 chars)

    PRICE DROP! Broadway East is a developing neighborhood that is experiencing a resurgence after a long period of disinvestment. Recent progress in the Broadway East neighborhood includes the renovation of the American Brewery building on Gay Street, which was renovated and reopened as the headquarters of nonprofit Humanim, Inc. , and the Baltimore Food Hub, a 3.5-acre campus of food-related businesses. This property is approx. 10 blocks from Johns Hopkins Hospital. It is not an auction, not a short sale, not a foreclosure. Price is less than what owners paid. First reasonable offer takes it!

22. 2023-12-11
    price $80,000 598-char remark

    Show marketing remark (598 chars)

    PRICE DROP! Broadway East is a developing neighborhood that is experiencing a resurgence after a long period of disinvestment. Recent progress in the Broadway East neighborhood includes the renovation of the American Brewery building on Gay Street, which was renovated and reopened as the headquarters of nonprofit Humanim, Inc. , and the Baltimore Food Hub, a 3.5-acre campus of food-related businesses. This property is approx. 10 blocks from Johns Hopkins Hospital. It is not an auction, not a short sale, not a foreclosure. Price is less than what owners paid. First reasonable offer takes it!

23. 2023-11-04
    listed $90,000 Active 598-char remark

    Show marketing remark (598 chars)

    PRICE DROP! Broadway East is a developing neighborhood that is experiencing a resurgence after a long period of disinvestment. Recent progress in the Broadway East neighborhood includes the renovation of the American Brewery building on Gay Street, which was renovated and reopened as the headquarters of nonprofit Humanim, Inc. , and the Baltimore Food Hub, a 3.5-acre campus of food-related businesses. This property is approx. 10 blocks from Johns Hopkins Hospital. It is not an auction, not a short sale, not a foreclosure. Price is less than what owners paid. First reasonable offer takes it!

24. 2022-06-07
    soldstatus $110,000
25. 2006-10-12
    soldstatus $40,000
26. 1991-05-06
    soldstatus $13,500

ⓘ 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: $1,409 · $117/mo
• Projected year-2 tax: $1,522 · $127/mo
• Expected delta: +$113/yr (+$9/mo · 8.0%)

ⓘ 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 ≥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: $21,914
• − Mortgage interest: −$8,402
• − Property taxes: −$1,409
• − Insurance: −$750
• − Repairs & maintenance: −$1,753
• − Management: −$1,753
• − Depreciation: −$4,364
• Taxable income: $3,483
• Est. tax owed @ 24.0%: −$836
• After-tax cash flow: $4,878/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

+1011.1% since first listed

13 events — show timeline

• 2026-03-25 Price Changed $150,000 BRIGHT MLS
• 2026-03-13 Price Changed $210,000 BRIGHT MLS
• 2026-02-10 Listed $220,000 BRIGHT MLS
• 2025-06-12 Rental Removed $2,000 BRIGHTMLS
• 2025-05-19 Listed for Rent $2,000 BRIGHTMLS
• 2024-04-19 Listing Removed — BRIGHT MLS
• 2024-04-19 Sold (MLS) $80,000 BRIGHT MLS
• 2024-02-12 Contingent — BRIGHT MLS
• 2023-12-11 Price Changed $80,000 BRIGHT MLS
• 2023-11-04 Listed $90,000 BRIGHT MLS
• 2022-06-07 Sold (Public Records) $110,000 Public Records
• 2006-10-12 Sold (Public Records) $40,000 Public Records
• 1991-05-06 Sold (Public Records) $13,500 Public Records

Property tax history

+7.7%/yr

Latest (2025): $1,409 · -10.2% YoY. Source: county tax records.