510 S Longwood St · Baltimore, MD 21223

$97,000

2 bd · 1.0 ba · 980 sqft · Townhouse public records · 209 Days on market

Built 1950 $99/sqft · 22% above area Est $80k · 22% over

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.9/10.0
• Rent growth +4.4/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

2-Bedroom Rowhome in Carrollton Ridge – Great Opportunity for a New Owner Welcome to 510 S Longwood St, Baltimore, MD 21223, a 2-bedroom, 1-bathroom rowhome located in the Carrollton Ridge neighborhood. The main level features a traditional living and dining layout. Upstairs, you’ll find two bedrooms and one full bathroom. The lower level offers additional storage space along with laundry hookups, a utility sink, a water heater, and an HVAC system. The home also includes a covered front porch and a fenced front area. Conveniently located near parks, public transportation, and major commuter routes, this home provides easy access to amenities and downtown Baltimore. Whether you're looking for a place to make your own or considering an investment purchase, this property offers solid potential. Property is being sold as-is. Don’t miss this amazing opportunity — book your showing today!

Key facts

• Covered front porch
• Fenced front area
• Utility sink

Tags

• COVERED FRONT PORCH
• FENCED FRONT AREA
• ADDITIONAL STORAGE SPACE
• LAUNDRY HOOKUPS
• UTILITY SINK
• HVAC SYSTEM

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $97k.

Deal economics

• At list price, monthly cash flow is $458 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $97k).
• Recommended offer: $85k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.0% 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 (+7.5%/yr); 422 active listings in the ZIP; 33 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 38% of the median local income ($46k/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 $671 of loan paydown is wiped out by about $3k 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 + 7.5% rent growth), your $27k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 209 days — a 12% lower offer ($85k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 25y ago; this cycle's ask has dropped $13k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $54k; list at $97k implies a 78% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — 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 $85,360 (12.0% below list)

Questions for the listing agent

1. It's been on market 209 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 1950 — 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: 1.49% ✓
• Cap rate: 11.95%
• Cash-on-cash: 20.22%
• DSCR: 1.90
• GRM: 5.6

CMA / ARV

• ARV (median comp): $79,799
• List price: $97,000
• Delta: 21.56%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3140 Strickland St	0.16mi	2/1.0	904 (-8%)	6mo	$103,000	$114	74
2637 Dulany St	0.49mi	3/1.0 (+1)	972 (-1%)	6mo	$35,000	$36	66
1052 Parksley Ave	0.45mi	2/1.0	1,050 (+7%)	4mo	$110,000	$105	64
3386 Dulany St	0.50mi	3/2.0 (+1)	1,014 (+4%)	6mo	$169,000	$167	57
3396 Dulany St	0.52mi	2/1.5	1,080 (+10%)	0mo	$177,523	$164	57
119 Hilton St	0.65mi	2/2.0	1,040 (+6%)	0mo	$211,000	$203	56
3367 Dulany St	0.48mi	3/1.5 (+1)	1,054 (+8%)	7mo	$166,000	$157	52
1028 Parksley Ave	0.42mi	2/1.0	840 (-14%)	7mo	$150,000	$179	51
2708 Wilkens Ave	0.41mi	3/1.0 (+1)	1,092 (+11%)	8mo	$55,000	$50	50
2402 Wilkens Ave	0.70mi	2/1.0	1,092 (+11%)	0mo	$45,000	$41	48
23 N Morley St	0.69mi	3/1.0 (+1)	1,041 (+6%)	6mo	$85,000	$82	48
2408 Wilkens Ave	0.69mi	3/2.0 (+1)	1,092 (+11%)	2mo	$99,900	$91	38

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 · 7.51% rent growth · sell at horizon

5-year hold

• IRR: 17.5%
• Equity multiple: 1.75×
• Total profit: $20,326
• Equity at exit: $14,463

10-year hold

• IRR: 29.1%
• Equity multiple: 4.18×
• Total profit: $86,279
• Equity at exit: $8,387

Cash invested: $27,160 (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 21223

• Rents YoY: 7.5%
• Active inventory: 422
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,447 high
• Mortgage (P&I): −$509
• Tax from tax record: −$136 /mo · $1,635/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$304
• Net cashflow: $458

Break-even live

Break-even rent $867

Max offer price $97,000

Occupancy floor 63%

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: $24,250
• Closing costs: $2,910
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2657 Lehman St Unit 1 Baltimore, MD	2.0	1.0	1056	$1,000	$0.95	43d	1	0.46mi
3392 Saint Benedict St Baltimore, MD	2.0	1.0	864	$1,450	$1.68	23d	1	0.53mi
332 S Franklintown Rd Unit 2 Baltimore, MD	2.0	1.0	776	$795	$1.02	23d	1	0.57mi
2540 Frederick Ave Baltimore, MD	3.0	1.0	1075	$1,400	$1.30	23d	1	0.61mi
3310 Elbert St Baltimore, MD	2.0	1.0	920	$1,550	$1.68	23d	1	0.65mi
2516 Hollins St Baltimore, MD	3.0	2.0	1100	$1,700	$1.55	43d	1	0.77mi
304 Collins Ave Unit 1 Baltimore, MD	1.0	1.0	845	$1,600	$1.89	43d	1	0.91mi
304 Collins Ave Unit 2 Baltimore, MD	3.0	1.0	1016	$2,100	$2.07	43d	1	0.91mi
4018 Massachusetts Ave Baltimore, MD	3.0	1.0	1050	$1,400	$1.33	23d	1	0.92mi
3607 W Lexington St Baltimore, MD	3.0	2.0	1050	$1,895	$1.80	4d	1	0.94mi
62 N Gorman Ave Baltimore, MD	3.0	2.0	1100	$2,500	$2.27	17d	1	0.99mi
4301 Parkton St Baltimore, MD	1.0–3.0	1.0	730	$1,264	$1.73	43d	1	1.07mi
4215 Connecticut Ave Baltimore, MD	1.0	1.0	625	$950	$1.52	23d	1	1.10mi
3706 W Franklin St Unit 1 Baltimore, MD	2.0	1.0	735	$1,100	$1.50	4d	1	1.15mi
2429 Washington Blvd Baltimore, MD	1.0	1.0	940	$600	$0.64	23d	1	1.16mi
2 S Woodington Rd Baltimore, MD	1.0	1.0	620	$1,135	$1.83	4d	1	1.17mi
2 S Woodington Rd Baltimore, MD	1.0	1.0	620	$1,310	$2.11	43d	1	1.17mi
2 S Woodington Rd Baltimore, MD	2.0	1.0	856	$1,160	$1.36	14d	1	1.17mi
2 N Woodington Rd Baltimore, MD	1.0–2.0	1.0	738	$1,335	$1.81	2d	5	1.18mi
600 Linnard St Baltimore, MD	1.0	1.0	600	$1,300	$2.17	43d	1	1.19mi
1931 Griffis Ave Baltimore, MD	2.0	1.0	912	$1,349	$1.48	3d	1	1.20mi
709 Denison St Baltimore, MD	2.0	2.0	840	$1,630	$1.94	23d	1	1.20mi
1918 W Baltimore St Baltimore, MD	2.0–3.0	1.0–2.0	857	$1,375	$1.60	43d	1	1.23mi
751 Yale Ave Baltimore, MD	3.0	1.5	1024	$1,750	$1.71	43d	1	1.26mi
4431 Eldone Rd Baltimore, MD	3.0	2.0	896	$2,000	$2.23	23d	1	1.30mi
1712 W Lombard St #4 Baltimore, MD	1.0	1.0	550	$900	$1.64	43d	1	1.33mi
787 N Grantley St Baltimore, MD	3.0	1.0	1116	$1,575	$1.41	23d	1	1.33mi
4041 Wilkens Ave Unit C Baltimore, MD	1.0	1.0	600	$1,050	$1.75	14d	1	1.37mi
4041 Wilkens Ave Unit B Baltimore, MD	1.0	1.0	600	$1,000	$1.67	43d	1	1.39mi
627 Lucia Ave Baltimore, MD	3.0	1.0	892	$1,750	$1.96	23d	1	1.39mi
613 S Beechfield Ave Baltimore, MD	3.0	1.5	1080	$1,950	$1.81	43d	1	1.45mi
1601 Frederick Ave Unit 3 Baltimore, MD	2.0	1.0	1050	$1,050	$1.00	4d	1	1.45mi
1042 Ellicott Dr Baltimore, MD	2.0	1.0	900	$1,450	$1.61	43d	1	1.49mi

Listing history 33 events

1. 2026-06-18
   days on market $97,000 Active 209 DOM
2. 2026-06-17
   days on market $97,000 Active 208 DOM
3. 2026-06-16
   days on market $97,000 Active 207 DOM
4. 2026-06-15
   days on market $97,000 Active 206 DOM
5. 2026-06-13
   days on market $97,000 Active 204 DOM
6. 2026-06-09
   days on market $97,000 Active 200 DOM
7. 2026-06-08
   days on market $97,000 Active 199 DOM
8. 2026-06-07
   days on market $97,000 Active 198 DOM
9. 2026-06-04
   days on market $97,000 Active 195 DOM
10. 2026-06-03
    days on market $97,000 Active 194 DOM
11. 2026-06-02
    days on market $97,000 Active 193 DOM
12. 2026-06-01
    days on market $97,000 Active 192 DOM
13. 2026-05-31
    days on market $97,000 Active 191 DOM
14. 2026-03-16
    price $97,000 919-char remark

    Show marketing remark (919 chars)

    2-Bedroom Rowhome in Carrollton Ridge – Great Opportunity for a New Owner Welcome to 510 S Longwood St, Baltimore, MD 21223, a 2-bedroom, 1-bathroom rowhome located in the Carrollton Ridge neighborhood. The main level features a traditional living and dining layout. Upstairs, you’ll find two bedrooms and one full bathroom. The lower level offers additional storage space along with laundry hookups, a utility sink, a water heater, and an HVAC system. The home also includes a covered front porch and a fenced front area. Conveniently located near parks, public transportation, and major commuter routes, this home provides easy access to amenities and downtown Baltimore. Whether you're looking for a place to make your own or considering an investment purchase, this property offers solid potential. Property is being sold as-is. Don’t miss this amazing opportunity — book your showing today!

15. 2026-02-12
    price $99,500 919-char remark

    Show marketing remark (919 chars)

    2-Bedroom Rowhome in Carrollton Ridge – Great Opportunity for a New Owner Welcome to 510 S Longwood St, Baltimore, MD 21223, a 2-bedroom, 1-bathroom rowhome located in the Carrollton Ridge neighborhood. The main level features a traditional living and dining layout. Upstairs, you’ll find two bedrooms and one full bathroom. The lower level offers additional storage space along with laundry hookups, a utility sink, a water heater, and an HVAC system. The home also includes a covered front porch and a fenced front area. Conveniently located near parks, public transportation, and major commuter routes, this home provides easy access to amenities and downtown Baltimore. Whether you're looking for a place to make your own or considering an investment purchase, this property offers solid potential. Property is being sold as-is. Don’t miss this amazing opportunity — book your showing today!

16. 2025-12-16
    price $105,000 919-char remark

    Show marketing remark (919 chars)

    2-Bedroom Rowhome in Carrollton Ridge – Great Opportunity for a New Owner Welcome to 510 S Longwood St, Baltimore, MD 21223, a 2-bedroom, 1-bathroom rowhome located in the Carrollton Ridge neighborhood. The main level features a traditional living and dining layout. Upstairs, you’ll find two bedrooms and one full bathroom. The lower level offers additional storage space along with laundry hookups, a utility sink, a water heater, and an HVAC system. The home also includes a covered front porch and a fenced front area. Conveniently located near parks, public transportation, and major commuter routes, this home provides easy access to amenities and downtown Baltimore. Whether you're looking for a place to make your own or considering an investment purchase, this property offers solid potential. Property is being sold as-is. Don’t miss this amazing opportunity — book your showing today!

17. 2025-11-21
    listed $110,000 Active 919-char remark

    Show marketing remark (919 chars)

    2-Bedroom Rowhome in Carrollton Ridge – Great Opportunity for a New Owner Welcome to 510 S Longwood St, Baltimore, MD 21223, a 2-bedroom, 1-bathroom rowhome located in the Carrollton Ridge neighborhood. The main level features a traditional living and dining layout. Upstairs, you’ll find two bedrooms and one full bathroom. The lower level offers additional storage space along with laundry hookups, a utility sink, a water heater, and an HVAC system. The home also includes a covered front porch and a fenced front area. Conveniently located near parks, public transportation, and major commuter routes, this home provides easy access to amenities and downtown Baltimore. Whether you're looking for a place to make your own or considering an investment purchase, this property offers solid potential. Property is being sold as-is. Don’t miss this amazing opportunity — book your showing today!

18. 2024-04-16
    historical $1,300
19. 2024-02-28
    listed $1,300
20. 2024-01-27
    historical $1,300
21. 2024-01-23
    listed $1,300
22. 2019-05-01
    soldstatus $54,500
23. 2017-11-30
    soldstatus $37,237
24. 2010-08-07
    historical Expired
25. 2010-08-07
    historical
26. 2010-08-06
    status Active
27. 2010-08-05
    historical Expired
28. 2010-08-05
    listed Active
29. 2010-08-04
    listed $63,000
30. 2001-03-19
    soldstatus $14,000
31. 2001-01-22
    historical
32. 2001-01-12
    listed $18,000
33. 1988-04-13
    soldstatus $41,000

ⓘ 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: $1,635 · $136/mo
• Projected year-2 tax: $1,635 · $136/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: $17,362
• − Mortgage interest: −$5,434
• − Property taxes: −$1,635
• − Insurance: −$485
• − Repairs & maintenance: −$1,389
• − Management: −$1,389
• − Depreciation: −$2,822
• Taxable income: $4,209
• Est. tax owed @ 24.0%: −$1,010
• After-tax cash flow: $4,482/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): 19,572
• Household income: $45,840
• Rent vs Own: 68.0% rent · 32.0% own
• Severe rent burden: 1755.0

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 (72%)
• Race & ethnicity: Black 72% White 16% Hispanic / Latino 7% Two or more races 6% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Romanian 1%
• Foreign-born: 8% · Canada
• Languages at home: 90% English-only · Spanish 6% French/Haitian/Cajun 2% 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: ▼ -97.99%
• Current HPI: 140.5836
• Rent YoY: ▲ 7.51%
• 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

+136.6% since first listed

20 events — show timeline

• 2026-03-16 Price Changed $97,000 BRIGHT MLS
• 2026-02-12 Price Changed $99,500 BRIGHT MLS
• 2025-12-16 Price Changed $105,000 BRIGHT MLS
• 2025-11-21 Listed $110,000 BRIGHT MLS
• 2024-04-16 Rental Removed $1,300 BUILDIUM
• 2024-02-28 Listed for Rent $1,300 BUILDIUM
• 2024-01-27 Rental Removed $1,300 BUILDIUM
• 2024-01-23 Listed for Rent $1,300 BUILDIUM
• 2019-05-01 Sold (Public Records) $54,500 Public Records
• 2017-11-30 Sold (Public Records) $37,237 Public Records
• 2010-08-07 Delisted — MRIS
• 2010-08-07 Listing Removed — BRIGHT MLS
• 2010-08-06 Relisted — MRIS
• 2010-08-05 Delisted — MRIS
• 2010-08-05 Listed — MRIS
• 2010-08-04 Listed $63,000 BRIGHT MLS
• 2001-03-19 Sold (MLS) $14,000 MRIS
• 2001-01-22 Delisted — MRIS
• 2001-01-12 Listed $18,000 MRIS
• 1988-04-13 Sold (Public Records) $41,000 Public Records

Property tax history

-0.1%/yr

Latest (2025): $1,635 · +10.1% YoY. Source: county tax records.