4202 Potter St · Baltimore, MD 21229

$50,000

3 bd · 1.0 ba · 1,280 sqft · Townhouse public records · 22 Days on market

Built 1920

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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 +20.6/30.0
• ARV discount +7.5/15.0
• DSCR +6.5/10.0
• 1% rule +5.0/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

List price to be opening bid at the public auction. Online Auction Only! Bidding Begins Friday, January 17th and closes Wednesday, January 22nd beginning at 1:45pm. Well-Maintained and Spacious Tenant-Occupied Porchfront Townhome in the "Irvington" Neighborhood of Baltimore City * * Gross Scheduled Annual Base Rent of $12,408 * * The property is improved by 1,280 +/- square feet of living area containing 3 bedrooms and 1 full bathroom. The main level contains the living room, dining room, kitchen and access to the rear of the property. The upper level features the 3 bedrooms and 1 full bathroom. The lower level is unfinished containing the gas hot water heater and radiator heat. Window units are used to cool the property.

Key facts

• Wood-type flooring
• Recreational fields
• Fenced side yard

Tags

• WOOD-TYPE FLOORING
• PARTIALLY FINISHED LOWER LEVEL
• FENCED SIDE YARD
• REAR PATIO
• LOCAL SHOPS
• RECREATIONAL FIELDS

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas service
• Home design: Brick construction; Fee simple ownership; Located in city limits (Baltimore City); Directions: Yale Ave. onto Potter St.
• Construction: Brick exterior; Other foundation; 1,280 finished above-grade area; 640 below-grade area (unfinished)
• Exterior features: End of row townhouse; Above-grade and below-grade structures noted

Interior

• Bedrooms: Three bedrooms on the first upper level
• Bathrooms: Two full bathrooms (one on upper level, one on lower level)
• Heating & cooling: Radiator heating; Natural gas heating and hot water
• Interior features: Partially finished basement; Multiple access exits (2+)

🔨 Auction listing. The $50,000 list price is a nominal opening bid, not a real ask — every metric below is computed on the estimated value $186,880 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $50k.

Deal economics

• At list price, monthly cash flow is $249 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $50k).
• Recommended offer: $49k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.9% 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 (+5.4%/yr); 252 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 37% of the median local income ($60k/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 $6k 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 ($49k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y 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.

Risks & watch-outs

• Watch-outs: property tax is 4.1% of price; built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 24% 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 $49,250 (1.5% below list)

Questions for the listing agent

1. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 1.00% ✓
• Cap rate: 7.89%
• Cash-on-cash: 5.71%
• DSCR: 1.25
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $186,880
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
542 Lucia Ave	0.47mi	3/2.0	1,344 (+5%)	1mo	$205,000	$153	65
3424 Wilkens Ave	0.67mi	3/2.5	1,280 (0%)	2mo	$207,000	$162	61
48 Hillvale Rd	0.61mi	3/1.5	1,224 (-4%)	2mo	$180,000	$147	61
40 Hillvale Rd	0.59mi	3/2.0	1,224 (-4%)	1mo	$230,000	$188	60
4420 Parkton St	0.31mi	3/2.0	1,450 (+13%)	1mo	$140,000	$97	59
748 Bethnal Rd	0.45mi	3/1.5	1,408 (+10%)	2mo	$183,000	$130	59
38 N Monastery Ave	0.71mi	3/2.0	1,260 (-2%)	3mo	$90,000	$71	58
125 S Morley St S	0.63mi	3/1.5	1,350 (+6%)	2mo	$70,000	$52	58
21 Culver St	0.70mi	2/2.0 (-1)	1,260 (-2%)	1mo	$210,000	$167	55
708 Woodington Rd S	0.37mi	2/1.5 (-1)	1,120 (-12%)	1mo	$100,000	$89	54
101 Upmanor Rd	0.68mi	3/1.0	1,408 (+10%)	1mo	$205,000	$146	51
4516 Pen Lucy Rd	0.73mi	3/2.0	1,416 (+11%)	2mo	$205,000	$145	42

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 · 5.38% rent growth · sell at horizon

5-year hold

• IRR: -4.9%
• Equity multiple: 0.81×
• Total profit: $-9,847
• Equity at exit: $27,864

10-year hold

• IRR: 7.3%
• Equity multiple: 1.60×
• Total profit: $31,555
• Equity at exit: $16,158

Cash invested: $52,326 (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 21229

• Rents YoY: 5.4%
• Active inventory: 252
• Price-to-rent: 2.2×

Monthly cashflow live

• Estimated rent: $1,870 high
• Mortgage (P&I): −$980
• Tax from tax record: −$170 /mo · $2,040/yr
• Insurance: −$78
• HOA: −$0
• Vacancy / Maint / Mgmt: −$393
• Net cashflow: $249

Break-even live

Break-even rent $1,554

Max offer price $186,880

Occupancy floor 82%

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: $46,720
• Closing costs: $5,606
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4301 Parkton St Baltimore, MD	1.0–3.0	1.0	730	$1,550	$2.12	43d	1	0.14mi
304 Collins Ave Unit 2 Baltimore, MD	3.0	1.0	1016	$2,100	$2.07	43d	1	0.16mi
212 S Loudon Ave Baltimore, MD	3.0	1.5	1310	$1,550	$1.18	43d	1	0.32mi
4018 Massachusetts Ave Baltimore, MD	3.0	1.0	1050	$1,400	$1.33	24d	1	0.33mi
4431 Eldone Rd Baltimore, MD	3.0	2.0	896	$2,000	$2.23	24d	1	0.36mi
117 Collins Ave Baltimore, MD	3.0	3.0	1617	$2,350	$1.45	43d	1	0.40mi
738 Yale Ave Baltimore, MD	2.0	1.0	1346	$1,900	$1.41	24d	1	0.42mi
500 Lucia Ave Baltimore, MD	3.0	2.0	1472	$2,100	$1.43	16d	1	0.42mi
751 Yale Ave Baltimore, MD	3.0	1.5	1024	$1,750	$1.71	43d	1	0.44mi
586 Lucia Ave Baltimore, MD	3.0	1.5	1178	$2,100	$1.78	17d	1	0.52mi
402 Colleen Rd Baltimore, MD	1.0–2.0	1.0	910	$1,450	$1.59	2d	11	0.54mi
627 Lucia Ave Baltimore, MD	3.0	1.0	892	$1,750	$1.96	24d	1	0.54mi
19 S Tremont Rd Baltimore, MD	3.0	1.0	1350	$1,850	$1.37	43d	1	0.59mi
613 S Beechfield Ave Baltimore, MD	3.0	1.5	1080	$1,950	$1.81	43d	1	0.59mi
565 Brisbane Rd Baltimore, MD	2.0	2.0	1146	$1,675	$1.46	24d	1	0.60mi
2 S Tremont Rd Baltimore, MD	3.0	2.0	1450	$1,800	$1.24	11d	1	0.63mi
2 S Tremont Rd Baltimore, MD	3.0	2.0	1450	$1,800	$1.24	24d	1	0.63mi
4601 Pen Lucy Rd Unit 4718-F Baltimore, MD	2.0	1.0	879	$1,225	$1.39	2d	1	0.67mi
111 Upmanor Rd Baltimore, MD	3.0	1.5	1224	$2,163	$1.77	43d	1	0.68mi
501 Hazlett Ave Baltimore, MD	2.0–3.0	1.5–2.0	1044	$1,879	$1.80	1d	8	0.69mi
114 S Rock Glen Rd Baltimore, MD	4.0	1.5	1160	$2,350	$2.03	12d	1	0.78mi
219 Atholgate Ln Baltimore, MD	1.0–3.0	1.0–1.5	814	$1,500	$1.84	3d	2	0.78mi
3336 W Caton Ave Baltimore, MD	3.0	2.0	1236	$1,625	$1.31	24d	1	0.80mi
670 Queensgate Rd Baltimore, MD	3.0	2.0	1600	$2,100	$1.31	4d	1	0.84mi
3310 Elbert St Baltimore, MD	2.0	1.0	920	$1,550	$1.68	24d	1	0.85mi
3130 Stafford St Baltimore, MD	3.0	1.0	1200	$1,500	$1.25	20d	1	0.85mi
5147 Frederick Ave Baltimore, MD	3.0	2.0	1216	$1,950	$1.60	3d	1	0.87mi
41 N Kossuth St Baltimore, MD	3.0	2.0	1216	$1,800	$1.48	24d	1	0.88mi
3706 W Saratoga St Unit 1 Baltimore, MD	2.0	1.0	1540	$1,350	$0.88	43d	1	0.88mi
3607 W Lexington St Baltimore, MD	3.0	2.0	1050	$1,895	$1.80	4d	1	0.89mi
409 Normandy Ave Baltimore, MD	4.0	1.0	1640	$1,500	$0.91	24d	1	0.92mi
202 N Edgewood St Baltimore, MD	3.0	2.0	1710	$2,250	$1.32	24d	1	0.93mi
3704 Coolidge Ave Baltimore, MD	2.0	1.0	1262	$2,000	$1.58	20d	1	0.95mi
4520 Scarlet Oak Ln Baltimore, MD	2.0	1.0	1025	$1,500	$1.46	43d	1	0.96mi
405 N Edgewood St Baltimore, MD	4.0	2.0	1408	$2,950	$2.10	4d	1	1.04mi
131 N Bend Rd Unit 131-1B Baltimore, MD	2.0	1.5	910	$1,225	$1.35	21d	1	1.11mi
3507 Edmondson Ave Baltimore, MD	4.0	2.0	1428	$2,300	$1.61	43d	1	1.13mi
3423 Edmondson Ave Baltimore, MD	2.0	1.5	1400	$1,710	$1.22	43d	1	1.16mi
4020 Gelston Dr Baltimore, MD	3.0	2.0	1270	$1,875	$1.48	43d	1	1.16mi
623 N Grantley St Baltimore, MD	4.0	2.0	1250	$2,000	$1.60	24d	1	1.19mi

Listing history 18 events

1. 2026-06-18
   days on market $50,000 Active 22 DOM
2. 2026-06-17
   days on market $50,000 Active 21 DOM
3. 2026-06-16
   days on market $50,000 Active 20 DOM
4. 2026-06-15
   days on market $50,000 Active 19 DOM
5. 2026-06-13
   days on market $50,000 Active 17 DOM
6. 2026-06-09
   days on market $50,000 Active 13 DOM
7. 2026-06-08
   days on market $50,000 Active 12 DOM
8. 2026-06-07
   days on market $50,000 Active 11 DOM
9. 2026-06-04
   days on market $50,000 Active 8 DOM
10. 2026-06-03
    days on market $50,000 Active 7 DOM
11. 2026-06-02
    days on market $50,000 Active 6 DOM
12. 2026-06-01
    days on market $50,000 Active 5 DOM
13. 2026-05-31
    days on market $50,000 Active 4 DOM
14. 2026-05-27
    listed $50,000 Active
15. 2020-04-09
    soldstatus $56,700
16. 2020-03-02
    soldstatus $56,700 Closed 745-char remark

    Show marketing remark (745 chars)

    List price to be opening bid at the public auction. Online Auction Only! Bidding Begins Friday, January 17th and closes Wednesday, January 22nd beginning at 1:45pm. Well-Maintained and Spacious Tenant-Occupied Porchfront Townhome in the "Irvington" Neighborhood of Baltimore City * * Gross Scheduled Annual Base Rent of $12,408 * * The property is improved by 1,280 +/- square feet of living area containing 3 bedrooms and 1 full bathroom. The main level contains the living room, dining room, kitchen and access to the rear of the property. The upper level features the 3 bedrooms and 1 full bathroom. The lower level is unfinished containing the gas hot water heater and radiator heat. Window units are used to cool the property.

17. 2020-01-22
    status Pending 745-char remark

    Show marketing remark (745 chars)

    List price to be opening bid at the public auction. Online Auction Only! Bidding Begins Friday, January 17th and closes Wednesday, January 22nd beginning at 1:45pm. Well-Maintained and Spacious Tenant-Occupied Porchfront Townhome in the "Irvington" Neighborhood of Baltimore City * * Gross Scheduled Annual Base Rent of $12,408 * * The property is improved by 1,280 +/- square feet of living area containing 3 bedrooms and 1 full bathroom. The main level contains the living room, dining room, kitchen and access to the rear of the property. The upper level features the 3 bedrooms and 1 full bathroom. The lower level is unfinished containing the gas hot water heater and radiator heat. Window units are used to cool the property.

18. 2019-12-20
    listed $25,000 Active 745-char remark

    Show marketing remark (745 chars)

    List price to be opening bid at the public auction. Online Auction Only! Bidding Begins Friday, January 17th and closes Wednesday, January 22nd beginning at 1:45pm. Well-Maintained and Spacious Tenant-Occupied Porchfront Townhome in the "Irvington" Neighborhood of Baltimore City * * Gross Scheduled Annual Base Rent of $12,408 * * The property is improved by 1,280 +/- square feet of living area containing 3 bedrooms and 1 full bathroom. The main level contains the living room, dining room, kitchen and access to the rear of the property. The upper level features the 3 bedrooms and 1 full bathroom. The lower level is unfinished containing the gas hot water heater and radiator heat. Window units are used to cool the property.

ⓘ 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: $2,040 · $170/mo
• Projected year-2 tax: $2,040 · $170/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 5/10 Major 24% 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: $22,435
• − Mortgage interest: −$10,468
• − Property taxes: −$2,040
• − Insurance: −$934
• − Repairs & maintenance: −$1,795
• − Management: −$1,795
• − Depreciation: −$5,437
• Taxable loss: −$34
• Est. tax savings @ 24.0%: +$8
• After-tax cash flow: $2,997/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): 46,679
• Household income: $60,047
• Rent vs Own: 43.1% rent · 56.9% own
• Severe rent burden: 2776.0

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 (73%)
• Race & ethnicity: Black 73% White 15% Hispanic / Latino 6% Two or more races 4% Asian 3%
• Common ancestry: Lithuanian 1% Romanian 1% Serbian 1%
• Foreign-born: 5% · Canada, Philippines
• Languages at home: 91% English-only · Spanish 4% Other Indo-European 2% 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: ▼ -259.07%
• Current HPI: 226.896
• Rent YoY: ▲ 5.38%
• 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

+100.0% since first listed

5 events — show timeline

• 2026-05-27 Listed $50,000 BRIGHT MLS
• 2020-04-09 Sold (Public Records) $56,700 Public Records
• 2020-03-02 Sold (MLS) $56,700 BRIGHT MLS
• 2020-01-22 Pending — BRIGHT MLS
• 2019-12-20 Listed $25,000 BRIGHT MLS

Property tax history

+0.7%/yr

Latest (2025): $2,040 · +26.9% YoY. Source: county tax records.