5135 Pembridge Ave · Baltimore, MD 21215

$99,000

3 bd · 2.0 ba · 1,440 sqft · Townhouse public records · 78 Days on market

Built 1940 1,750 sqft lot $69/sqft · 13% below area Est $194k · 49% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

BACK ON THE MARKET - BRING YOUR OFFERS. This charming 3-bedroom, 2-bathroom rowhouse in Pimlico neighborhood offers traditional style, making it an excellent investment opportunity. Built in 1940, the home features a warm interior with wood floors and luxury vinyl plank, creating an inviting atmosphere. The country-style kitchen is equipped with essential gas appliances, including an oven/range and refrigerator, p Natural light throughout the space through skylights. The partially finished basement provides additional potential for customization, whether for extra living space or rental income. Enjoy outdoor moments on the welcoming porch, while off-street parking adds convenience. With its average condition and appealing features, this property is primed for value appreciation. Investors will appreciate the potential for rental income, making this rowhouse a smart addition to any portfolio. Don't miss out on this opportunity!

Key facts

• Built 1940
• Listed 78 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $99k.

Deal economics

• At list price, monthly cash flow is $776 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $99k).
• Recommended offer: $93k (6.0% below list) — sets the bar for market timing.
• Cap rate 15.7% 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; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 41% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• This rent runs 42% of the median local income ($52k/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 $684 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 + 2.4% rent growth), your $28k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 78 days — a 6% lower offer ($93k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 25y ago; this cycle's ask has dropped $36k (27%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $64k; list at $99k implies a 55% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: 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 $93,060 (6.0% below list)

Questions for the listing agent

1. It's been on market 78 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — 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: 1.80% ✓
• Cap rate: 15.70%
• Cash-on-cash: 33.58%
• DSCR: 2.49
• GRM: 4.6

CMA / ARV

• ARV (median comp): $193,678
• List price: $99,000
• Delta: -48.88%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4912 Palmer Ave	0.29mi	3/2.0	1,400 (-3%)	1mo	$60,000	$43	81
4903 Chalgrove Ave	0.19mi	3/2.0	1,536 (+7%)	2mo	$187,000	$122	78
4911 Queensberry Ave	0.20mi	4/1.5 (+1)	1,390 (-4%)	2mo	$155,000	$112	76
3026 Virginia Ave	0.46mi	3/1.0	1,442 (+0%)	3mo	$75,000	$52	72
3015 Spaulding Ave	0.16mi	3/1.5	1,300 (-10%)	5mo	$80,000	$62	70
3223 Spaulding Ave	0.41mi	4/2.0 (+1)	1,500 (+4%)	0mo	$219,900	$147	68
3208 Ingleside Ave	0.45mi	3/1.5	1,620 (+12%)	2mo	$225,000	$139	54
3716 Beehler Ave	0.68mi	4/4.0 (+1)	1,445 (+0%)	3mo	$265,000	$183	53
3706 Hayward Ave	0.69mi	3/2.5	1,504 (+4%)	8mo	$245,000	$163	52
2361 Sundew Ter #2361	0.72mi	3/2.5	1,298 (-10%)	3mo	$181,000	$139	45
4558 Finney Ave	0.72mi	4/2.0 (+1)	1,600 (+11%)	1mo	$240,000	$150	42
3800 Hayward Ave	0.73mi	3/2.0	1,224 (-15%)	6mo	$80,000	$65	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: 28.2%
• Equity multiple: 2.17×
• Total profit: $32,311
• Equity at exit: $14,761

10-year hold

• IRR: 35.3%
• Equity multiple: 4.16×
• Total profit: $87,472
• Equity at exit: $8,560

Cash invested: $27,720 (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: 4.6×

Monthly cashflow live

• Estimated rent: $1,786 high
• Mortgage (P&I): −$519
• Tax from tax record: −$75 /mo · $896/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $776

Break-even live

Break-even rent $804

Max offer price $99,000

Occupancy floor 52%

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5115 Pembridge Ave Baltimore, MD	3.0	2.0	1088	$2,150	$1.98	44d	1	0.03mi
5301 Maple Ave Baltimore, MD	3.0	1.0	960	$1,700	$1.77	44d	1	0.34mi
5340 Maple Ave Baltimore, MD	2.0	1.0	1200	$1,950	$1.62	44d	1	0.40mi
4828 Beaufort Ave Baltimore, MD	2.0	2.5	1200	$1,850	$1.54	24d	1	0.56mi
5000 Litchfield Ave #1 Baltimore, MD	2.0	1.0	1100	$1,100	$1.00	44d	1	0.60mi
2432 Everton Rd Unit 2435 A Baltimore, MD	2.0	1.5	1000	$1,500	$1.50	24d	1	0.61mi
3735 Manchester Ave Baltimore, MD	2.0	1.0	1000	$1,350	$1.35	4d	1	0.66mi
4714 Greenspring Ave Baltimore, MD	2.0	1.0	890	$1,295	$1.46	44d	1	0.70mi
2824 Edgecombe Cir S Baltimore, MD	2.0	2.0	950	$1,475	$1.55	22d	1	0.75mi
5343 Nelson Ave Baltimore, MD	2.0	1.0	1000	$1,215	$1.22	24d	1	0.78mi
2915 Oakford Ave Baltimore, MD	3.0	2.0	1102	$1,600	$1.45	18d	1	0.78mi
2310 Sulgrave Ave Unit 3 Baltimore, MD	2.0	1.0	978	$1,700	$1.74	44d	1	0.79mi
2454 W Cold Spring Ln Baltimore, MD	3.0	1.0	1200	$1,650	$1.38	24d	1	0.88mi
3784 Columbus Dr Baltimore, MD	4.0	2.0	1250	$2,200	$1.76	24d	1	0.89mi
2530 Edgecombe Cir N Baltimore, MD	2.0–3.0	1.0	920	$1,325	$1.44	2d	4	0.91mi
2619 Loyola Northway Baltimore, MD	3.0	2.0	1400	$1,995	$1.43	24d	1	0.94mi
5801 Western Run Dr Baltimore, MD	3.0	1.0–2.0	835	$1,979	$2.37	2d	7	0.98mi
4230 Towanda Ave Baltimore, MD	3.0	2.0	1400	$1,800	$1.29	18d	1	1.02mi
3912 Mortimer Ave Baltimore, MD	3.0	2.0	1204	$2,723	$2.26	44d	1	1.05mi
2415 Loyola Southway Baltimore, MD	3.0	1.5	1200	$2,033	$1.69	44d	1	1.12mi
2900 Taney Rd Apt 1A Baltimore, MD	2.0	2.0	1200	$1,600	$1.33	24d	1	1.15mi
4010 Fernhill Ave Unit 2 Baltimore, MD	2.0	1.0	1100	$1,500	$1.36	44d	1	1.22mi
2001 W Cold Spring Ln Baltimore, MD	1.0–3.0	1.0–2.0	1154	$3,505	$3.04	2d	31	1.24mi
3822 Pall Mall Rd Baltimore, MD	3.0	1.5	1320	$1,875	$1.42	44d	1	1.36mi
103 Cross Keys Rd Unit R103D2 Baltimore, MD	2.0	2.0	1157	$2,000	$1.73	24d	1	1.42mi
6317 Pearce Ave Baltimore, MD	2.0	2.0	1140	$1,600	$1.40	44d	1	1.43mi
6310 Greenspring Ave Baltimore, MD	2.0–3.0	1.5–2.0	1080	$1,940	$1.80	3d	6	1.46mi

Listing history 11 events

1. 2026-05-09
   status Pending 941-char remark

   Show marketing remark (941 chars)

   BACK ON THE MARKET - BRING YOUR OFFERS. This charming 3-bedroom, 2-bathroom rowhouse in Pimlico neighborhood offers traditional style, making it an excellent investment opportunity. Built in 1940, the home features a warm interior with wood floors and luxury vinyl plank, creating an inviting atmosphere. The country-style kitchen is equipped with essential gas appliances, including an oven/range and refrigerator, p Natural light throughout the space through skylights. The partially finished basement provides additional potential for customization, whether for extra living space or rental income. Enjoy outdoor moments on the welcoming porch, while off-street parking adds convenience. With its average condition and appealing features, this property is primed for value appreciation. Investors will appreciate the potential for rental income, making this rowhouse a smart addition to any portfolio. Don't miss out on this opportunity!

2. 2026-04-29
   price $99,000 941-char remark

   Show marketing remark (941 chars)

   BACK ON THE MARKET - BRING YOUR OFFERS. This charming 3-bedroom, 2-bathroom rowhouse in Pimlico neighborhood offers traditional style, making it an excellent investment opportunity. Built in 1940, the home features a warm interior with wood floors and luxury vinyl plank, creating an inviting atmosphere. The country-style kitchen is equipped with essential gas appliances, including an oven/range and refrigerator, p Natural light throughout the space through skylights. The partially finished basement provides additional potential for customization, whether for extra living space or rental income. Enjoy outdoor moments on the welcoming porch, while off-street parking adds convenience. With its average condition and appealing features, this property is primed for value appreciation. Investors will appreciate the potential for rental income, making this rowhouse a smart addition to any portfolio. Don't miss out on this opportunity!

3. 2026-03-26
   status Active 941-char remark

   Show marketing remark (941 chars)

   BACK ON THE MARKET - BRING YOUR OFFERS. This charming 3-bedroom, 2-bathroom rowhouse in Pimlico neighborhood offers traditional style, making it an excellent investment opportunity. Built in 1940, the home features a warm interior with wood floors and luxury vinyl plank, creating an inviting atmosphere. The country-style kitchen is equipped with essential gas appliances, including an oven/range and refrigerator, p Natural light throughout the space through skylights. The partially finished basement provides additional potential for customization, whether for extra living space or rental income. Enjoy outdoor moments on the welcoming porch, while off-street parking adds convenience. With its average condition and appealing features, this property is primed for value appreciation. Investors will appreciate the potential for rental income, making this rowhouse a smart addition to any portfolio. Don't miss out on this opportunity!

4. 2026-03-04
   historical Active Under Contract 941-char remark

   Show marketing remark (941 chars)

   BACK ON THE MARKET - BRING YOUR OFFERS. This charming 3-bedroom, 2-bathroom rowhouse in Pimlico neighborhood offers traditional style, making it an excellent investment opportunity. Built in 1940, the home features a warm interior with wood floors and luxury vinyl plank, creating an inviting atmosphere. The country-style kitchen is equipped with essential gas appliances, including an oven/range and refrigerator, p Natural light throughout the space through skylights. The partially finished basement provides additional potential for customization, whether for extra living space or rental income. Enjoy outdoor moments on the welcoming porch, while off-street parking adds convenience. With its average condition and appealing features, this property is primed for value appreciation. Investors will appreciate the potential for rental income, making this rowhouse a smart addition to any portfolio. Don't miss out on this opportunity!

5. 2026-02-27
   price $115,000 941-char remark

   Show marketing remark (941 chars)

   BACK ON THE MARKET - BRING YOUR OFFERS. This charming 3-bedroom, 2-bathroom rowhouse in Pimlico neighborhood offers traditional style, making it an excellent investment opportunity. Built in 1940, the home features a warm interior with wood floors and luxury vinyl plank, creating an inviting atmosphere. The country-style kitchen is equipped with essential gas appliances, including an oven/range and refrigerator, p Natural light throughout the space through skylights. The partially finished basement provides additional potential for customization, whether for extra living space or rental income. Enjoy outdoor moments on the welcoming porch, while off-street parking adds convenience. With its average condition and appealing features, this property is primed for value appreciation. Investors will appreciate the potential for rental income, making this rowhouse a smart addition to any portfolio. Don't miss out on this opportunity!

6. 2026-01-30
   listed $135,000 Active 941-char remark

   Show marketing remark (941 chars)

   BACK ON THE MARKET - BRING YOUR OFFERS. This charming 3-bedroom, 2-bathroom rowhouse in Pimlico neighborhood offers traditional style, making it an excellent investment opportunity. Built in 1940, the home features a warm interior with wood floors and luxury vinyl plank, creating an inviting atmosphere. The country-style kitchen is equipped with essential gas appliances, including an oven/range and refrigerator, p Natural light throughout the space through skylights. The partially finished basement provides additional potential for customization, whether for extra living space or rental income. Enjoy outdoor moments on the welcoming porch, while off-street parking adds convenience. With its average condition and appealing features, this property is primed for value appreciation. Investors will appreciate the potential for rental income, making this rowhouse a smart addition to any portfolio. Don't miss out on this opportunity!

7. 2026-01-28
   historical $135,000 941-char remark

   Show marketing remark (941 chars)

   BACK ON THE MARKET - BRING YOUR OFFERS. This charming 3-bedroom, 2-bathroom rowhouse in Pimlico neighborhood offers traditional style, making it an excellent investment opportunity. Built in 1940, the home features a warm interior with wood floors and luxury vinyl plank, creating an inviting atmosphere. The country-style kitchen is equipped with essential gas appliances, including an oven/range and refrigerator, p Natural light throughout the space through skylights. The partially finished basement provides additional potential for customization, whether for extra living space or rental income. Enjoy outdoor moments on the welcoming porch, while off-street parking adds convenience. With its average condition and appealing features, this property is primed for value appreciation. Investors will appreciate the potential for rental income, making this rowhouse a smart addition to any portfolio. Don't miss out on this opportunity!

8. 2002-02-26
   soldstatus $63,900
9. 2002-01-30
   soldstatus $63,900
10. 2002-01-11
    historical
11. 2001-10-21
    listed $63,900

ⓘ 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: $896 · $75/mo
• Projected year-2 tax: $988 · $82/mo
• Expected delta: +$91/yr (+$8/mo · 10.2%)

ⓘ 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 ≥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 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,431
• − Mortgage interest: −$5,546
• − Property taxes: −$896
• − Insurance: −$495
• − Repairs & maintenance: −$1,714
• − Management: −$1,714
• − Depreciation: −$2,880
• Taxable income: $8,185
• Est. tax owed @ 24.0%: −$1,965
• After-tax cash flow: $7,345/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

+54.9% since first listed

11 events — show timeline

• 2026-05-09 Pending — BRIGHT MLS
• 2026-04-29 Price Changed $99,000 BRIGHT MLS
• 2026-03-26 Relisted — BRIGHT MLS
• 2026-03-04 Contingent — BRIGHT MLS
• 2026-02-27 Price Changed $115,000 BRIGHT MLS
• 2026-01-30 Listed $135,000 BRIGHT MLS
• 2026-01-28 Coming Soon $135,000 BRIGHT MLS
• 2002-02-26 Sold (Public Records) $63,900 Public Records
• 2002-01-30 Sold (MLS) $63,900 MRIS
• 2002-01-11 Delisted — MRIS
• 2001-10-21 Listed $63,900 MRIS

Property tax history

-4.1%/yr

Latest (2025): $896 · -0.5% YoY. Source: county tax records.