3134 Wilkens Ave · Baltimore, MD 21223

$124,900

3 bd · 1.0 ba · 1,072 sqft · Townhouse public records · 88 Days on market

Built 1920 1,330 sqft lot $117/sqft · 33% above area Est $94k · 33% 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 +29.8/30.0
• DSCR +10.0/10.0
• 1% rule +8.3/10.0
• 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

Hurry—this one won’t last! This move-in ready, spacious 3-bedroom, 1-bath townhome is the opportunity you’ve been waiting for. Step on the covered front porch, and into a home featuring updated flooring and a welcoming layout. The kitchen is equipped with stainless steel appliances, and the convenience of a main-level washer and dryer. The unfinished basement offers incredible potential—ready to be transformed into additional living space, a home office, or recreation area—adding both functionality and future value. Whether you're a first-time buyer or a savvy investor, this home checks all the boxes for comfort, value, and opportunity. Schedule your tour today!

Key facts

• Covered front porch
• Unfinished basement
• Updated flooring

Tags

• COVERED FRONT PORCH
• UPDATED FLOORING
• STAINLESS STEEL APPLIANCES
• MAIN-LEVEL WASHER AND DRYER
• UNFINISHED BASEMENT
• ADDITIONAL LIVING SPACE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $125k.

Deal economics

• At list price, monthly cash flow is $460 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $117k (6.0% below list) — sets the bar for market timing.

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: 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.
• Zoned schools: Elmer A. Henderson: A Johns Hopkins Partnership (math 2% / reading 16%, grade F, #650 of 860 statewide, top 77%, 642 students, 80% FRL); Baltimore Polytechnic Institute (math 71% / reading 84%, grade A-, #22 of 222 statewide, top 10%, 1,555 students, 43% FRL) — zoned schools average 62% FRL vs 79% district-wide (17 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 43% at this address vs 12% district-wide (+32 pts) — the actual schools serving this property are materially stronger than the Baltimore City Public Schools average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+7.5%/yr); 425 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k 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 $35k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 88 days — a 6% lower offer ($117k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 12y 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 $60k; list at $125k implies a 108% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — 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 $117,406 (6.0% below list)

Questions for the listing agent

1. It's been on market 88 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 1920 — 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: 1.33% ✓
• Cap rate: 10.71%
• Cash-on-cash: 15.78%
• DSCR: 1.70
• GRM: 6.3

CMA / ARV

• ARV (median comp): $93,647
• List price: $124,900
• Delta: 33.37%
• 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
1052 Parksley Ave	0.29mi	2/1.0 (-1)	1,050 (-2%)	4mo	$110,000	$105	75
3396 Dulany St	0.41mi	2/1.5 (-1)	1,080 (+1%)	0mo	$177,523	$164	72
3549 Benzinger Rd	0.68mi	2/1.5 (-1)	1,050 (-2%)	0mo	$192,800	$184	58
3547 Benzinger Rd	0.68mi	2/1.5 (-1)	1,050 (-2%)	1mo	$199,900	$190	57
1023 Rockhill Ave	0.66mi	3/1.0	992 (-8%)	0mo	$220,000	$222	57
3517 Wilkens Ave	0.60mi	2/2.0 (-1)	1,050 (-2%)	4mo	$215,000	$205	56
3507 Greenvale Rd	0.73mi	3/2.0	1,024 (-4%)	0mo	$241,000	$235	54
3579 Benzinger Rd	0.73mi	2/1.5 (-1)	1,050 (-2%)	3mo	$189,000	$180	53
2637 Dulany St	0.59mi	3/1.0	972 (-9%)	6mo	$35,000	$36	52
2737 Wilkens Ave	0.43mi	3/1.0	1,232 (+15%)	4mo	$53,000	$43	51
3542 Benzinger Rd	0.67mi	2/2.0 (-1)	999 (-7%)	1mo	$198,000	$198	48
2642 Wilkens Ave	0.57mi	2/1.5 (-1)	1,174 (+10%)	4mo	$51,000	$43	47

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: 11.6%
• Equity multiple: 1.48×
• Total profit: $16,936
• Equity at exit: $18,623

10-year hold

• IRR: 23.9%
• Equity multiple: 3.52×
• Total profit: $88,000
• Equity at exit: $10,799

Cash invested: $34,972 (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: 425
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,660 high
• Mortgage (P&I): −$655
• Tax from tax record: −$145 /mo · $1,736/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$349
• Net cashflow: $460

Break-even live

Break-even rent $1,078

Max offer price $124,900

Occupancy floor 67%

Sensitivity live

Price	-10% $530	-5% $495	+0% $460	+5% $424	+10% $389
Rent	-10% $329	-5% $394	+0% $460	+5% $525	+10% $591
Rate	-1.0pp $523	-0.5pp $492	base $460	+0.5pp $427	+1.0pp $394

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: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3130 Stafford St Baltimore, MD	3.0	1.0	1200	$1,500	$1.25	22d	1	0.33mi
3392 Saint Benedict St Baltimore, MD	2.0	1.0	864	$1,450	$1.68	25d	1	0.40mi
2737 Wilkens Ave Baltimore, MD	3.0	1.5	1232	$1,650	$1.34	6d	1	0.43mi
2738 Wilkens Ave Baltimore, MD	3.0	1.0	1183	$1,500	$1.27	45d	1	0.44mi
2671 Saint Benedict St Baltimore, MD	2.0	1.0	1144	$1,325	$1.16	45d	1	0.55mi
2657 Lehman St Unit 1 Baltimore, MD	2.0	1.0	1056	$1,000	$0.95	45d	1	0.58mi
2509 Christian St Baltimore, MD	4.0	2.0	1248	$1,699	$1.36	5d	1	0.72mi
2514 Wilkens Ave Baltimore, MD	4.0	1.0	1344	$1,800	$1.34	12d	1	0.73mi
2514 Wilkens Ave Baltimore, MD	4.0	1.0	1344	$1,800	$1.34	45d	1	0.73mi
332 S Franklintown Rd Unit 2 Baltimore, MD	2.0	1.0	776	$795	$1.02	25d	1	0.74mi
2540 Frederick Ave Baltimore, MD	3.0	1.0	1075	$1,400	$1.30	25d	1	0.77mi
3336 W Caton Ave Baltimore, MD	3.0	2.0	1236	$1,625	$1.31	25d	1	0.84mi
1706 Harman Ave Baltimore, MD	3.0	1.0	1056	$1,600	$1.52	0d	1	0.87mi
3310 Elbert St Baltimore, MD	2.0	1.0	920	$1,550	$1.68	25d	1	0.90mi
110 S Catherine St Unit 1 Baltimore, MD	2.0	1.0	1330	$1,500	$1.13	45d	1	0.91mi
2537 Hollins St Baltimore, MD	3.0	2.0	1200	$1,450	$1.21	25d	1	0.95mi
41 N Kossuth St Baltimore, MD	3.0	2.0	1216	$1,800	$1.48	25d	1	0.98mi
2516 Hollins St Baltimore, MD	3.0	2.0	1100	$1,700	$1.55	45d	1	0.98mi
304 Collins Ave Unit 2 Baltimore, MD	3.0	1.0	1016	$2,100	$2.07	45d	1	0.99mi
212 S Loudon Ave Baltimore, MD	3.0	1.5	1310	$1,550	$1.18	45d	1	0.99mi
3704 Coolidge Ave Baltimore, MD	2.0	1.0	1262	$2,000	$1.58	22d	1	1.01mi
1931 Griffis Ave Baltimore, MD	2.0	1.0	912	$1,349	$1.48	6d	1	1.04mi
4018 Massachusetts Ave Baltimore, MD	3.0	1.0	1050	$1,400	$1.33	25d	1	1.05mi
307 S Smallwood St Baltimore, MD	2.0	2.5	1400	$1,350	$0.96	45d	1	1.05mi
4301 Parkton St Baltimore, MD	1.0–3.0	1.0	730	$1,550	$2.12	45d	1	1.07mi
514 S Payson St Unit 2 Baltimore, MD	3.0	2.0	1264	$1,750	$1.38	45d	1	1.12mi
2056 Griffis Ave Baltimore, MD	3.0	1.5	1230	$1,495	$1.22	23d	1	1.16mi
3607 W Lexington St Baltimore, MD	3.0	2.0	1050	$1,895	$1.80	6d	1	1.18mi
2225 W Baltimore St Baltimore, MD	3.0	2.5	1200	$1,600	$1.33	25d	1	1.19mi
2232 W Baltimore St Baltimore, MD	3.0	1.0	1250	$1,875	$1.50	25d	1	1.19mi
62 N Gorman Ave Baltimore, MD	3.0	2.0	1100	$2,500	$2.27	19d	1	1.20mi
751 Yale Ave Baltimore, MD	3.0	1.5	1024	$1,750	$1.71	45d	1	1.21mi
738 Yale Ave Baltimore, MD	2.0	1.0	1346	$1,900	$1.41	25d	1	1.22mi
2815 W Mulberry St Baltimore, MD	4.0	2.0	1040	$2,050	$1.97	45d	1	1.23mi
1708 Hall Ave Unit 2 Halethorpe, MD	2.0	1.0	845	$1,625	$1.92	13d	1	1.24mi
405 N Edgewood St Baltimore, MD	4.0	2.0	1408	$2,750	$1.95	0d	1	1.26mi
4431 Eldone Rd Baltimore, MD	3.0	2.0	896	$2,000	$2.23	25d	1	1.29mi
2 S Woodington Rd Baltimore, MD	2.0	1.0	856	$1,160	$1.36	16d	1	1.31mi
2 N Woodington Rd Baltimore, MD	1.0–2.0	1.0	738	$1,335	$1.81	5d	5	1.32mi
500 Lucia Ave Baltimore, MD	3.0	2.0	1472	$2,100	$1.43	18d	1	1.33mi

Listing history 30 events

1. 2026-06-21
   days on market $124,900 Active 88 DOM
2. 2026-06-18
   days on market $124,900 Active 85 DOM
3. 2026-06-17
   days on market $124,900 Active 84 DOM
4. 2026-06-16
   days on market $124,900 Active 83 DOM
5. 2026-06-15
   days on market $124,900 Active 82 DOM
6. 2026-06-13
   days on market $124,900 Active 80 DOM
7. 2026-06-09
   days on market $124,900 Active 76 DOM
8. 2026-06-08
   days on market $124,900 Active 75 DOM
9. 2026-06-07
   days on market $124,900 Active 74 DOM
10. 2026-06-04
    days on market $124,900 Active 71 DOM
11. 2026-06-03
    days on market $124,900 Active 70 DOM
12. 2026-06-02
    days on market $124,900 Active 69 DOM
13. 2026-06-01
    days on market $124,900 Active 68 DOM
14. 2026-05-31
    days on market $124,900 Active 67 DOM
15. 2026-03-25
    listed $124,900 Active 700-char remark

    Show marketing remark (700 chars)

    Hurry—this one won’t last! This move-in ready, spacious 3-bedroom, 1-bath townhome is the opportunity you’ve been waiting for. Step on the covered front porch, and into a home featuring updated flooring and a welcoming layout. The kitchen is equipped with stainless steel appliances, and the convenience of a main-level washer and dryer. The unfinished basement offers incredible potential—ready to be transformed into additional living space, a home office, or recreation area—adding both functionality and future value. Whether you're a first-time buyer or a savvy investor, this home checks all the boxes for comfort, value, and opportunity. Schedule your tour today!

16. 2026-02-07
    historical
17. 2026-02-04
    listed $125,000 Active
18. 2026-02-04
    historical
19. 2025-06-07
    historical
20. 2025-04-06
    price $169,900
21. 2025-01-17
    price $149,900
22. 2024-12-09
    listed $169,000 Active
23. 2020-08-20
    soldstatus $60,000
24. 2019-03-25
    soldstatus $21,000
25. 2014-11-04
    status Contract
26. 2014-11-04
    soldstatus $17,000 Sold
27. 2014-11-04
    soldstatus $17,000
28. 2014-09-23
    listed $15,000 Active
29. 2014-09-23
    listed $15,000
30. 1982-11-10
    soldstatus $21,900

ⓘ 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: $1,736 · $145/mo
• Projected year-2 tax: $1,736 · $145/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: $19,920
• − Mortgage interest: −$6,996
• − Property taxes: −$1,736
• − Insurance: −$624
• − Repairs & maintenance: −$1,594
• − Management: −$1,594
• − Depreciation: −$3,633
• Taxable income: $3,743
• Est. tax owed @ 24.0%: −$898
• After-tax cash flow: $4,619/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

+470.3% since first listed

16 events — show timeline

• 2026-03-25 Listed $124,900 BRIGHT MLS
• 2026-02-07 Listing Removed — BRIGHT MLS
• 2026-02-04 Listed $125,000 BRIGHT MLS
• 2026-02-04 Coming Soon — BRIGHT MLS
• 2025-06-07 Listing Removed — BRIGHT MLS
• 2025-04-06 Price Changed $169,900 BRIGHT MLS
• 2025-01-17 Price Changed $149,900 BRIGHT MLS
• 2024-12-09 Listed $169,000 BRIGHT MLS
• 2020-08-20 Sold (Public Records) $60,000 Public Records
• 2019-03-25 Sold (Public Records) $21,000 Public Records
• 2014-11-04 Pending — MRIS
• 2014-11-04 Sold (MLS) $17,000 BRIGHT MLS
• 2014-11-04 Sold (MLS) $17,000 MRIS
• 2014-09-23 Listed $15,000 MRIS
• 2014-09-23 Listed $15,000 BRIGHT MLS
• 1982-11-10 Sold (Public Records) $21,900 Public Records

Property tax history

+1.5%/yr

Latest (2025): $1,736 · +11.1% YoY. Source: county tax records.