2926 Oakley Ave · Baltimore, MD 21215

$205,000

4 bd · 1.0 ba · 1,464 sqft · Townhouse public records · 30 Days on market

Built 1926 2,146 sqft lot $140/sqft · 23% above area Est $166k · 23% 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 +25.8/30.0
• DSCR +8.6/10.0
• 1% rule +5.7/10.0
• Livability +3.8/5.0
• Rent growth +3.1/5.0
• 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

* * Seller financing available * * Seller can finance the purchase price and repairs. Strong comps to support your refi or appraisal. Lots of investment activity on the block, including a flip next door. Big, wide house with 1,400+ sqft. TWO electric meters. The heating system is a boiler with radiators and runs on natural gas. Comps: 4912 Chalgrove Ave SOLD $190k on 5/5/23 * * * 4828 Pimlico Rd SOLD $196k on 4/19/23 * * * 4914 Palmer Ave SOLD $195k on 1/24/23. Rental comps are $1,700/month (4802 Palmer Ave).

Key facts

• Built 1926
• Listed 30 days

Property features AI

Finance

• Other: Annual ground rent listed in income/expense information
• Financial info: Ground rent $90 paid semi-annually; Ownership interest: ground rent

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Electric and natural gas available
• Home design: Interior townhouse / rowhouse; Above-grade and below-grade finished spaces
• Construction: Brick construction; Rubber roof; Other foundation
• Exterior features: Not in a federal flood zone; Ground rent exists (paid semi-annually)

Interior

• Bedrooms: Four bedrooms on the upper level
• Flooring: Hardwood floors
• Bathrooms: Three full bathrooms (one on main level, one on upper level, one on lower level)
• Heating & cooling: 90% forced air heating (central); Central air conditioning; Heating and cooling fuel: natural gas and electric; Hot water from natural gas and electric (60+ gallon tank)
• Interior features: Skylights; Drywall and plaster walls

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath townhouse listed at $205k.

Deal economics

• At list price, monthly cash flow is $497 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $205k).
• Recommended offer: $202k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.2% 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; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 42% 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).
• At $2,192/mo this rent would consume 51% 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 $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 30 days — a 2% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 26y 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.
• Current owner paid $95k; list at $205k implies a 116% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1926 — 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 $201,925 (1.5% below list)

Questions for the listing agent

1. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.07% ✓
• Cap rate: 9.20%
• Cash-on-cash: 10.39%
• DSCR: 1.46
• GRM: 7.8

CMA / ARV

• ARV (median comp): $166,261
• List price: $205,000
• Delta: 23.30%
• 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
4911 Queensberry Ave	0.03mi	4/1.5	1,390 (-5%)	2mo	$155,000	$112	86
4903 Chalgrove Ave	0.05mi	3/2.0 (-1)	1,536 (+5%)	2mo	$187,000	$122	79
4912 Palmer Ave	0.12mi	3/2.0 (-1)	1,400 (-4%)	1mo	$60,000	$43	77
3223 Spaulding Ave	0.33mi	4/2.0	1,500 (+2%)	0mo	$219,900	$147	76
3716 Beehler Ave	0.49mi	4/4.0	1,445 (-1%)	3mo	$265,000	$183	61
2523 Boarman Ave	0.68mi	3/1.0 (-1)	1,450 (-1%)	3mo	$82,500	$57	59
4558 Finney Ave	0.56mi	4/2.0	1,600 (+9%)	1mo	$240,000	$150	54
5118 Nelson Ave	0.65mi	3/2.0 (-1)	1,386 (-5%)	3mo	$219,000	$158	49
3208 Ingleside Ave	0.59mi	3/1.5 (-1)	1,620 (+11%)	2mo	$225,000	$139	46
2361 Sundew Ter #2361	0.66mi	3/2.5 (-1)	1,298 (-11%)	3mo	$181,000	$139	37
2312 Pennyroyal Ter	0.73mi	3/2.5 (-1)	1,305 (-11%)	3mo	$185,000	$142	35
2311 Pennyroyal Ter	0.72mi	3/2.5 (-1)	1,650 (+13%)	3mo	$168,000	$102	32

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: -1.4%
• Equity multiple: 0.95×
• Total profit: $-2,929
• Equity at exit: $30,566

10-year hold

• IRR: 7.7%
• Equity multiple: 1.57×
• Total profit: $32,654
• Equity at exit: $17,725

Cash invested: $57,400 (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: 7.8×

Monthly cashflow live

• Estimated rent: $2,192 high
• Mortgage (P&I): −$1,075
• Tax from tax record: −$74 /mo · $893/yr
• Insurance: −$85
• HOA: −$0
• Vacancy / Maint / Mgmt: −$460
• Net cashflow: $497

Break-even live

Break-even rent $1,563

Max offer price $205,000

Occupancy floor 72%

Sensitivity live

Price	-10% $613	-5% $555	+0% $497	+5% $439	+10% $381
Rent	-10% $324	-5% $411	+0% $497	+5% $584	+10% $670
Rate	-1.0pp $600	-0.5pp $549	base $497	+0.5pp $444	+1.0pp $390

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: $51,250
• Closing costs: $6,150
• Reserves months: —
• Total cash needed: —

Rent comps 19 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	0.21mi
5301 Maple Ave Baltimore, MD	3.0	1.0	960	$1,700	$1.77	44d	1	0.46mi
5306 Ethelbert Ave Baltimore, MD	5.0	2.5	1510	$3,000	$1.99	5d	1	0.51mi
2915 Oakford Ave Baltimore, MD	3.0	2.0	1102	$1,600	$1.45	18d	1	0.58mi
2454 W Cold Spring Ln Baltimore, MD	3.0	1.0	1200	$1,650	$1.38	24d	1	0.69mi
3784 Columbus Dr Baltimore, MD	4.0	2.0	1250	$2,200	$1.76	24d	1	0.74mi
2619 Loyola Northway Baltimore, MD	3.0	2.0	1400	$1,995	$1.43	24d	1	0.74mi
2530 Edgecombe Cir N Baltimore, MD	2.0–3.0	1.0	920	$1,325	$1.44	3d	4	0.75mi
4230 Towanda Ave Baltimore, MD	3.0	2.0	1400	$1,800	$1.29	18d	1	0.81mi
2415 Loyola Southway Baltimore, MD	3.0	1.5	1200	$2,033	$1.69	44d	1	0.93mi
4037 Cedardale Rd Baltimore, MD	5.0	3.0	1500	$2,800	$1.87	15d	1	0.98mi
3912 Mortimer Ave Baltimore, MD	3.0	2.0	1204	$2,723	$2.26	44d	1	1.12mi
2001 W Cold Spring Ln Baltimore, MD	1.0–3.0	1.0–2.0	1154	$3,505	$3.04	2d	31	1.13mi
3822 Pall Mall Rd Baltimore, MD	3.0	1.5	1320	$1,875	$1.42	44d	1	1.15mi
5801 Western Run Dr Baltimore, MD	3.0	1.0–2.0	835	$1,979	$2.37	3d	7	1.19mi
3204 Sequoia Ave Baltimore, MD	4.0	2.5	1791	$2,600	$1.45	44d	1	1.34mi
4320 Roland Heights Ave Baltimore, MD	3.0	2.5	1800	$3,300	$1.83	18d	1	1.39mi
4322 Roland Heights Ave Baltimore, MD	3.0	3.0	1800	$3,000	$1.67	44d	1	1.39mi
4319 Medfield Ave Baltimore, MD	3.0	2.5	1800	$3,100	$1.72	44d	1	1.43mi

Listing history 37 events

1. 2026-06-18
   days on market $205,000 Active 30 DOM
2. 2026-06-17
   days on market $205,000 Active 29 DOM
3. 2026-06-16
   days on market $205,000 Active 28 DOM
4. 2026-06-15
   days on market $205,000 Active 27 DOM
5. 2026-06-13
   days on market $205,000 Active 25 DOM
6. 2026-06-09
   days on market $205,000 Active 21 DOM
7. 2026-06-08
   days on market $205,000 Active 20 DOM
8. 2026-06-07
   remarks 699-char remark
9. 2026-06-07
   statusdays on market $205,000 Active 19 DOM
10. 2026-06-01
    status $205,000 Active Under Contract 18 DOM
11. 2026-05-31
    days on market $205,000 Active 18 DOM
12. 2026-05-13
    listed $205,000 Active 560-char remark
13. 2026-05-11
    historical
14. 2026-03-04
    price $205,000
15. 2026-01-11
    price $210,000
16. 2025-11-18
    price $218,000
17. 2025-08-29
    listed $220,000 Active
18. 2025-08-28
    historical
19. 2024-08-27
    soldstatus $95,000
20. 2024-06-27
    soldstatus $95,000 Closed

    Show marketing remark (525 chars)

    * * Seller financing available * * Seller can finance the purchase price and repairs. Strong comps to support your refi or appraisal. Lots of investment activity on the block, including a flip next door. Big, wide house with 1,400+ sqft. TWO electric meters. The heating system is a boiler with radiators and runs on natural gas. Comps: 4912 Chalgrove Ave SOLD $190k on 5/5/23 * * * 4828 Pimlico Rd SOLD $196k on 4/19/23 * * * 4914 Palmer Ave SOLD $195k on 1/24/23. Rental comps are $1,700/month (4802 Palmer Ave).

21. 2024-05-07
    historical Active Under Contract

    Show marketing remark (525 chars)

    * * Seller financing available * * Seller can finance the purchase price and repairs. Strong comps to support your refi or appraisal. Lots of investment activity on the block, including a flip next door. Big, wide house with 1,400+ sqft. TWO electric meters. The heating system is a boiler with radiators and runs on natural gas. Comps: 4912 Chalgrove Ave SOLD $190k on 5/5/23 * * * 4828 Pimlico Rd SOLD $196k on 4/19/23 * * * 4914 Palmer Ave SOLD $195k on 1/24/23. Rental comps are $1,700/month (4802 Palmer Ave).

22. 2024-04-17
    listed $90,000 Active

    Show marketing remark (525 chars)

    * * Seller financing available * * Seller can finance the purchase price and repairs. Strong comps to support your refi or appraisal. Lots of investment activity on the block, including a flip next door. Big, wide house with 1,400+ sqft. TWO electric meters. The heating system is a boiler with radiators and runs on natural gas. Comps: 4912 Chalgrove Ave SOLD $190k on 5/5/23 * * * 4828 Pimlico Rd SOLD $196k on 4/19/23 * * * 4914 Palmer Ave SOLD $195k on 1/24/23. Rental comps are $1,700/month (4802 Palmer Ave).

23. 2024-04-17
    historical $90,000

    Show marketing remark (525 chars)

    * * Seller financing available * * Seller can finance the purchase price and repairs. Strong comps to support your refi or appraisal. Lots of investment activity on the block, including a flip next door. Big, wide house with 1,400+ sqft. TWO electric meters. The heating system is a boiler with radiators and runs on natural gas. Comps: 4912 Chalgrove Ave SOLD $190k on 5/5/23 * * * 4828 Pimlico Rd SOLD $196k on 4/19/23 * * * 4914 Palmer Ave SOLD $195k on 1/24/23. Rental comps are $1,700/month (4802 Palmer Ave).

24. 2006-06-22
    soldstatus $24,369
25. 2006-02-28
    historical
26. 2005-12-27
    listed
27. 2004-06-01
    soldstatus $22,000
28. 2004-06-01
    soldstatus $22,000
29. 2004-03-24
    historical
30. 2004-01-30
    listed $22,000
31. 2003-03-31
    historical
32. 2002-11-07
    listed
33. 2001-11-09
    soldstatus $58,000
34. 2001-02-26
    soldstatus $7,500
35. 2001-01-25
    historical
36. 2000-10-06
    listed $8,500
37. 1983-08-10
    soldstatus $25,000

ⓘ 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: $893 · $74/mo
• Projected year-2 tax: $1,564 · $130/mo
• Expected delta: +$671/yr (+$56/mo · 75.2%)

ⓘ 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 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: $26,308
• − Mortgage interest: −$11,483
• − Property taxes: −$893
• − Insurance: −$1,025
• − Repairs & maintenance: −$2,105
• − Management: −$2,105
• − Depreciation: −$5,964
• Taxable income: $2,735
• Est. tax owed @ 24.0%: −$656
• After-tax cash flow: $5,309/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

+720.0% since first listed

28 events — show timeline

• 2026-06-07 Relisted — BRIGHT MLS
• 2026-06-01 Contingent — BRIGHT MLS
• 2026-05-13 Listed $205,000 BRIGHT MLS
• 2026-05-11 Listing Removed — BRIGHT MLS
• 2026-03-04 Price Changed $205,000 BRIGHT MLS
• 2026-01-11 Price Changed $210,000 BRIGHT MLS
• 2025-11-18 Price Changed $218,000 BRIGHT MLS
• 2025-08-29 Listed $220,000 BRIGHT MLS
• 2025-08-28 Coming Soon — BRIGHT MLS
• 2024-08-27 Sold (Public Records) $95,000 Public Records
• 2024-06-27 Sold (MLS) $95,000 BRIGHT MLS
• 2024-05-07 Contingent — BRIGHT MLS
• 2024-04-17 Listed $90,000 BRIGHT MLS
• 2024-04-17 Coming Soon $90,000 BRIGHT MLS
• 2006-06-22 Sold (Public Records) $24,369 Public Records
• 2006-02-28 Delisted — MRIS
• 2005-12-27 Listed — MRIS
• 2004-06-01 Sold (Public Records) $22,000 Public Records
• 2004-06-01 Sold (MLS) $22,000 MRIS
• 2004-03-24 Delisted — MRIS
• 2004-01-30 Listed $22,000 MRIS
• 2003-03-31 Delisted — MRIS
• 2002-11-07 Listed — MRIS
• 2001-11-09 Sold (Public Records) $58,000 Public Records
• 2001-02-26 Sold (MLS) $7,500 MRIS
• 2001-01-25 Delisted — MRIS
• 2000-10-06 Listed $8,500 MRIS
• 1983-08-10 Sold (Public Records) $25,000 Public Records

Property tax history

-4.1%/yr

Latest (2025): $893 · -9.5% YoY. Source: county tax records.