4701 Beaufort Ave · Baltimore, MD 21215

$180,000

4 bd · 1.5 ba · 2,100 sqft · Townhouse public records · 23 Days on market

Built 1940 1,923 sqft lot $86/sqft · 6% below area Est $192k · 6% under

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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 +24.6/30.0
• ARV discount +10.4/15.0
• DSCR +7.9/10.0
• 1% rule +7.5/10.0
• Livability +3.8/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fully remodeled end-unit townhome surrounded by several other fully remodeled homes. Home features a master bedroom suite with luxurious full bathroom. Completely open floor plan with large living room, elegant dining room, brand new kitchen with gleaming white cabinetry, stainless steel appliances, and jaw-dropping waterfall island. The lower level of this home adds yet another full bath perfect for guests, plus recreation/family room. Home has been fully remodeled from top to bottom to include new roof, plumbing, electric, hvac, appliances, flooring, vinyl windows, doors, paint, and so much more. Home has its own private driveway to top it off. This home is all that you have been wishing for, and so much more. Anyone who has been watching knows the amount of development and resources that Baltimore is investing in this community. You know something big is happening as soon as you pull onto the block and see so many homes undergoing their transformation. And here is your opportunity to join the Park Heights Renaissance!!!

Key facts

• Built 1940
• Listed 23 days

Property features AI

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer
• Home design: End-of-row townhouse; Fee simple ownership; Estimated year built
• Construction: Brick construction; Concrete perimeter foundation; Above-grade structures
• Exterior features: No tidal water

Interior

• Bedrooms: Three bedrooms on the main upper level; One bedroom on the lower level
• Bathrooms: Three full bathrooms (two on upper level, one on lower level)
• Heating & cooling: Central heating; Central air conditioning; Electric heating and cooling; Electric hot water
• Interior features: Estimated living area; Fully finished basement

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath townhouse listed at $180k.

Deal economics

• At list price, monthly cash flow is $371 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $177k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.8% 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 (+2.4%/yr); 351 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• At $2,255/mo this rent would consume 52% of the median local household income ($52k/yr) (locally 3644% 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 $1k of loan paydown is wiped out by about $5k 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 23 days — a 2% lower offer ($177k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 16y ago; this cycle's ask has dropped $50k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price; built in 1940 — 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 $177,300 (1.5% below list)

Questions for the listing agent

1. Built in 1940 — 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: 1.25% ✓
• Cap rate: 8.77%
• Cash-on-cash: 8.83%
• DSCR: 1.39
• GRM: 6.7

CMA / ARV

• ARV (median comp): $192,471
• List price: $180,000
• Delta: -6.48%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4668 Pimlico Rd	0.29mi	3/2.5 (-1)	2,100 (0%)	4mo	$185,000	$88	74
3701 Manchester Ave	0.13mi	4/2.5	1,900 (-10%)	4mo	$170,000	$89	70
5019 Queensberry Ave	0.43mi	4/3.5	2,079 (-1%)	1mo	$288,000	$139	70
5100 Queensberry Ave	0.45mi	5/4.0 (+1)	2,150 (+2%)	5mo	$285,000	$133	55
3711 Spaulding Ave	0.34mi	3/2.0 (-1)	1,800 (-14%)	7mo	$188,000	$104	48
4043 Cedardale Rd	0.71mi	4/3.5	1,997 (-5%)	6mo	$257,900	$129	46
4028 Hayward Ave	0.67mi	4/3.5	2,250 (+7%)	5mo	$250,000	$111	45
3002 Wylie Ave	0.45mi	5/3.5 (+1)	1,912 (-9%)	8mo	$235,000	$123	44
2627 Loyola Northway	0.66mi	4/3.5	1,900 (-10%)	2mo	$250,000	$132	43
5410 Narcissus Ave	0.72mi	4/2.5	1,860 (-11%)	3mo	$260,000	$140	41
4002 Ayrdale Ave	0.72mi	4/3.0	2,345 (+12%)	2mo	$250,000	$107	39
5422 Narcissus Ave	0.74mi	4/3.5	1,872 (-11%)	4mo	$254,000	$136	36

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 · 2.41% rent growth · sell at horizon

5-year hold

• IRR: -3.6%
• Equity multiple: 0.87×
• Total profit: $-6,743
• Equity at exit: $26,839

10-year hold

• IRR: 5.4%
• Equity multiple: 1.39×
• Total profit: $19,699
• Equity at exit: $15,563

Cash invested: $50,400 (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 21215

• Rents YoY: 2.4%
• Active inventory: 351
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $2,255 high
• Mortgage (P&I): −$944
• Tax from tax record: −$391 /mo · $4,698/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$473
• Net cashflow: $371

Break-even live

Break-even rent $1,785

Max offer price $180,000

Occupancy floor 79%

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4704 Pimlico Rd Baltimore, MD	3.0	1.5	2006	$1,800	$0.90	24d	1	0.33mi
4230 Towanda Ave Baltimore, MD	3.0	2.0	1400	$1,800	$1.29	18d	1	0.56mi
5306 Ethelbert Ave Baltimore, MD	5.0	2.5	1510	$3,000	$1.99	4d	1	0.61mi
2619 Loyola Northway Baltimore, MD	3.0	2.0	1400	$1,995	$1.43	24d	1	0.68mi
4037 Cedardale Rd Baltimore, MD	5.0	3.0	1500	$2,800	$1.87	15d	1	0.69mi
3204 Sequoia Ave Baltimore, MD	4.0	2.5	1791	$2,600	$1.45	44d	1	1.05mi
2001 W Cold Spring Ln Baltimore, MD	1.0–3.0	1.0–2.0	1154	$3,505	$3.04	2d	31	1.31mi
4320 Roland Heights Ave Baltimore, MD	3.0	2.5	1800	$3,300	$1.83	18d	1	1.50mi
4322 Roland Heights Ave Baltimore, MD	3.0	3.0	1800	$3,000	$1.67	44d	1	1.50mi

Listing history 22 events

1. 2026-06-02
   statusdays on market $180,000 Pending 23 DOM
2. 2026-06-01
   days on market $180,000 Active 22 DOM
3. 2026-05-31
   days on market $180,000 Active 21 DOM
4. 2026-05-14
   price $180,000 1450-char remark
5. 2026-05-14
   status Active 1450-char remark
6. 2026-05-09
   historical 1450-char remark
7. 2026-05-05
   listed $230,000 Active 1450-char remark
8. 2023-11-20
   historical $2,500
9. 2023-11-03
   listed $2,500
10. 2023-10-30
    soldstatus $217,000
11. 2023-10-17
    soldstatus $217,000 Closed 1038-char remark

    Show marketing remark (1038 chars)

    Fully remodeled end-unit townhome surrounded by several other fully remodeled homes. Home features a master bedroom suite with luxurious full bathroom. Completely open floor plan with large living room, elegant dining room, brand new kitchen with gleaming white cabinetry, stainless steel appliances, and jaw-dropping waterfall island. The lower level of this home adds yet another full bath perfect for guests, plus recreation/family room. Home has been fully remodeled from top to bottom to include new roof, plumbing, electric, hvac, appliances, flooring, vinyl windows, doors, paint, and so much more. Home has its own private driveway to top it off. This home is all that you have been wishing for, and so much more. Anyone who has been watching knows the amount of development and resources that Baltimore is investing in this community. You know something big is happening as soon as you pull onto the block and see so many homes undergoing their transformation. And here is your opportunity to join the Park Heights Renaissance!!!

12. 2023-08-17
    status Pending 1038-char remark

    Show marketing remark (1038 chars)

    Fully remodeled end-unit townhome surrounded by several other fully remodeled homes. Home features a master bedroom suite with luxurious full bathroom. Completely open floor plan with large living room, elegant dining room, brand new kitchen with gleaming white cabinetry, stainless steel appliances, and jaw-dropping waterfall island. The lower level of this home adds yet another full bath perfect for guests, plus recreation/family room. Home has been fully remodeled from top to bottom to include new roof, plumbing, electric, hvac, appliances, flooring, vinyl windows, doors, paint, and so much more. Home has its own private driveway to top it off. This home is all that you have been wishing for, and so much more. Anyone who has been watching knows the amount of development and resources that Baltimore is investing in this community. You know something big is happening as soon as you pull onto the block and see so many homes undergoing their transformation. And here is your opportunity to join the Park Heights Renaissance!!!

13. 2023-08-09
    listed $229,900 Active 1038-char remark

    Show marketing remark (1038 chars)

    Fully remodeled end-unit townhome surrounded by several other fully remodeled homes. Home features a master bedroom suite with luxurious full bathroom. Completely open floor plan with large living room, elegant dining room, brand new kitchen with gleaming white cabinetry, stainless steel appliances, and jaw-dropping waterfall island. The lower level of this home adds yet another full bath perfect for guests, plus recreation/family room. Home has been fully remodeled from top to bottom to include new roof, plumbing, electric, hvac, appliances, flooring, vinyl windows, doors, paint, and so much more. Home has its own private driveway to top it off. This home is all that you have been wishing for, and so much more. Anyone who has been watching knows the amount of development and resources that Baltimore is investing in this community. You know something big is happening as soon as you pull onto the block and see so many homes undergoing their transformation. And here is your opportunity to join the Park Heights Renaissance!!!

14. 2023-08-05
    historical $229,900 1038-char remark

    Show marketing remark (1038 chars)

    Fully remodeled end-unit townhome surrounded by several other fully remodeled homes. Home features a master bedroom suite with luxurious full bathroom. Completely open floor plan with large living room, elegant dining room, brand new kitchen with gleaming white cabinetry, stainless steel appliances, and jaw-dropping waterfall island. The lower level of this home adds yet another full bath perfect for guests, plus recreation/family room. Home has been fully remodeled from top to bottom to include new roof, plumbing, electric, hvac, appliances, flooring, vinyl windows, doors, paint, and so much more. Home has its own private driveway to top it off. This home is all that you have been wishing for, and so much more. Anyone who has been watching knows the amount of development and resources that Baltimore is investing in this community. You know something big is happening as soon as you pull onto the block and see so many homes undergoing their transformation. And here is your opportunity to join the Park Heights Renaissance!!!

15. 2012-02-15
    historical
16. 2012-02-15
    historical
17. 2011-05-16
    listed Active
18. 2011-05-16
    listed $7,500
19. 2011-04-07
    historical Withdrawn
20. 2010-08-11
    listed Active
21. 2005-09-27
    soldstatus $475,480
22. 1999-05-20
    soldstatus $6,000

ⓘ 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: $4,698 · $391/mo
• Projected year-2 tax: $4,698 · $391/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 6/10 Major 7 d/yr ≥104°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: $27,057
• − Mortgage interest: −$10,083
• − Property taxes: −$4,698
• − Insurance: −$900
• − Repairs & maintenance: −$2,165
• − Management: −$2,165
• − Depreciation: −$5,236
• Taxable income: $1,811
• Est. tax owed @ 24.0%: −$435
• After-tax cash flow: $4,015/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): 52,229
• Household income: $51,587
• Rent vs Own: 45.2% rent · 54.8% own
• Severe rent burden: 3644.0

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 17% Hispanic / Latino 5% Two or more races 4% Asian 1%
• Common ancestry: Scotch-Irish 2% Romanian 2% Italian 1%
• Foreign-born: 9% · Canada, South Korea
• Languages at home: 91% English-only · Spanish 4% French/Haitian/Cajun 1% Other Indo-European 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: ▼ -318.58%
• Current HPI: 291.4926
• Rent YoY: ▲ 2.41%
• 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

+2900.0% since first listed

20 events — show timeline

• 2026-06-02 Pending — BRIGHT MLS
• 2026-05-14 Price Changed $180,000 BRIGHT MLS
• 2026-05-14 Relisted — BRIGHT MLS
• 2026-05-09 Listing Removed — BRIGHT MLS
• 2026-05-05 Listed $230,000 BRIGHT MLS
• 2023-11-20 Rental Removed $2,500 RENTALBEAST
• 2023-11-03 Listed for Rent $2,500 RENTALBEAST
• 2023-10-30 Sold (Public Records) $217,000 Public Records
• 2023-10-17 Sold (MLS) $217,000 BRIGHT MLS
• 2023-08-17 Pending — BRIGHT MLS
• 2023-08-09 Listed $229,900 BRIGHT MLS
• 2023-08-05 Coming Soon $229,900 BRIGHT MLS
• 2012-02-15 Listing Removed — BRIGHT MLS
• 2012-02-15 Delisted — MRIS
• 2011-05-16 Listed — MRIS
• 2011-05-16 Listed $7,500 BRIGHT MLS
• 2011-04-07 Delisted — MRIS
• 2010-08-11 Listed — MRIS
• 2005-09-27 Sold (Public Records) $475,480 Public Records
• 1999-05-20 Sold (Public Records) $6,000 Public Records

Property tax history

+18.7%/yr

Latest (2025): $4,698 · +2757.2% YoY. Source: county tax records.