3314 Parklawn Ave · Baltimore, MD 21213

$124,900

2 bd · 1.0 ba · 1,056 sqft · Townhouse public records · 38 Days on market

Built 1936 $118/sqft · 15% below area Est $147k · 15% 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 +27.3/30.0
• ARV discount +14.4/15.0
• DSCR +9.5/10.0
• 1% rule +8.1/10.0
• Appreciation +4.7/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0

Listing remarks MLS

Price Reduction! Great opportunity to purchase this charming porch front home! Features include wood floors, neutral decor, fenced in back yard and plenty of storage in basement! Close to public transportation and easy commute to downtown Baltimore. Needs some TLC but previously updated. Sold As Is. Agents - see General Remarks prior to submitting offer.

Key facts

• Baltimore rowhome
• Near clifton park
• Investment potential

Tags

• BALTIMORE ROWHOME
• RENOVATION POTENTIAL
• INVESTMENT POTENTIAL
• ESTABLISHED NEIGHBORHOOD
• NEAR CLIFTON PARK
• EASY ACCESS TO DOWNTOWN

Property features AI

Finance

• Other: Fee simple ownership

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas
• Home design: Interior townhouse/rowhouse; Built-up roof
• Construction: Brick construction; Block foundation; Built in year per assessor
• Exterior features: Property is inside city limits

Interior

• Bedrooms: Two bedrooms on the first upper level
• Bathrooms: One full bathroom (total)
• Heating & cooling: Radiator heating; Natural gas fuel and hot water
• Interior features: Connecting stairway to the basement; Full basement with outside entrance

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $125k.

Deal economics

• At list price, monthly cash flow is $362 ($4k/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: $121k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.8% 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 fast (+5.2%/yr); 319 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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 38% of the median local income ($51k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $155 of equity ($864 loan paydown + $-709 appreciation (-0.6% local appreciation)).
• Baltimore County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-0.6% appreciation + 5.2% 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 38 days — a 3% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y ago; this cycle's ask has dropped $15k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $37k; list at $125k implies a 238% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1936 — 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 $121,153 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1936 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.31% ✓
• Cap rate: 9.77%
• Cash-on-cash: 12.42%
• DSCR: 1.55
• GRM: 6.4

CMA / ARV

• ARV (median comp): $147,352
• List price: $124,900
• Delta: -15.24%
• 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
3316 Cardenas Ave	0.07mi	2/1.0	1,150 (+9%)	2mo	$63,000	$55	80
3131 Chesterfield Ave	0.45mi	2/1.0	1,068 (+1%)	1mo	$75,000	$70	76
3236 Lyndale Ave	0.51mi	3/1.0 (+1)	1,080 (+2%)	2mo	$161,855	$150	66
3401 Teresa Ct	0.06mi	3/1.0 (+1)	1,200 (+14%)	4mo	$150,000	$125	66
3802 Lyndale Ave	0.75mi	2/1.5	1,050 (-1%)	1mo	$160,000	$152	62
3217 Ravenwood Ave	0.62mi	3/1.0 (+1)	1,046 (-1%)	4mo	$125,000	$120	62
3322 Elmora Ave	0.55mi	3/1.0 (+1)	1,096 (+4%)	5mo	$141,000	$129	59
3324 Cliftmont Ave	0.46mi	3/1.0 (+1)	1,140 (+8%)	4mo	$140,000	$123	57
3514 Dudley Ave	0.75mi	3/1.0 (+1)	1,080 (+2%)	3mo	$110,000	$102	54
3238 Ravenwood Ave	0.59mi	3/1.5 (+1)	1,158 (+10%)	0mo	$70,000	$60	49
3436 Cliftmont Ave	0.53mi	3/1.5 (+1)	1,200 (+14%)	2mo	$120,000	$100	44
3532 Cliftmont Ave	0.69mi	3/2.0 (+1)	1,200 (+14%)	2mo	$168,000	$140	35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-0.57% appreciation · 5.25% rent growth · sell at horizon

5-year hold

• IRR: 12.1%
• Equity multiple: 1.57×
• Total profit: $19,949
• Equity at exit: $32,760

10-year hold

• IRR: 19.2%
• Equity multiple: 3.18×
• Total profit: $76,332
• Equity at exit: $36,679

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 21213

• Home prices YoY: -0.1%
• Rents YoY: 5.2%
• Active inventory: 319
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,635 high
• Mortgage (P&I): −$655
• Tax from tax record: −$223 /mo · $2,671/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$343
• Net cashflow: $362

Break-even live

Break-even rent $1,177

Max offer price $124,900

Occupancy floor 73%

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
3436 Cardenas Ave Baltimore, MD	2.0	1.0	1146	$1,395	$1.22	44d	1	0.10mi
2828 Lake Ave Baltimore, MD	3.0	2.0	1164	$1,850	$1.59	4d	1	0.15mi
3515 Parklawn Ave Baltimore, MD	3.0	2.0	1240	$1,700	$1.37	3d	1	0.15mi
3410 Belair Rd Unit 2/B Baltimore, MD	1.0	1.0	742	$1,225	$1.65	4d	1	0.21mi
2817 Pelham Ave Baltimore, MD	3.0	2.0	1464	$1,950	$1.33	24d	1	0.23mi
2848 Pelham Ave Baltimore, MD	3.0	2.0	1164	$1,700	$1.46	44d	1	0.28mi
3028 Kenyon Ave Baltimore, MD	2.0	2.0	1075	$1,395	$1.30	44d	1	0.43mi
3213 Elmley Ave Baltimore, MD	2.0	1.0	1188	$1,395	$1.17	44d	1	0.50mi
3222 Lyndale Ave Unit 1 Baltimore, MD	3.0	1.5	1500	$2,200	$1.47	13d	1	0.52mi
3218 Lyndale Ave Baltimore, MD	3.0	1.5	1020	$1,500	$1.47	24d	1	0.52mi
3335 Lyndale Ave Baltimore, MD	2.0	2.0	1344	$1,600	$1.19	24d	1	0.53mi
3317 Lyndale Ave Baltimore, MD	3.0	1.0	900	$1,300	$1.44	44d	1	0.53mi
3315 Lyndale Ave Baltimore, MD	2.0	1.5	896	$1,650	$1.84	18d	1	0.53mi
3221 Lyndale Ave Baltimore, MD	2.0	2.0	1020	$1,700	$1.67	24d	1	0.54mi
3326 Elmora Ave Baltimore, MD	3.0	1.0	1200	$1,450	$1.21	24d	1	0.55mi
2113 Belair Rd Baltimore, MD	3.0	1.0	1344	$1,795	$1.34	44d	1	0.57mi
3339 Elmora Ave Baltimore, MD	3.0	2.0	896	$1,600	$1.79	44d	1	0.57mi
3305 Dudley Ave Baltimore, MD	3.0	2.0	1413	$1,950	$1.38	44d	1	0.59mi
3322 Ravenwood Ave Baltimore, MD	3.0	2.0	932	$1,800	$1.93	24d	1	0.59mi
3610 Elmley Ave Baltimore, MD	2.0	1.5	1200	$1,550	$1.29	20d	1	0.60mi
3512 Elmora Ave Baltimore, MD	3.0	1.5	1472	$1,900	$1.29	20d	1	0.60mi
3343 Ravenwood Ave Unit 3343 Baltimore, MD	2.0	2.0	948	$1,855	$1.96	18d	1	0.61mi
3646 Lyndale Ave Baltimore, MD	2.0	1.5	840	$1,475	$1.76	44d	1	0.67mi
4024 Eierman Ave Baltimore, MD	3.0	2.0	1136	$1,825	$1.61	44d	1	0.69mi
3544 Chesterfield Ave Baltimore, MD	3.0	1.5	1200	$1,635	$1.36	44d	1	0.72mi
1832 E 28th St Baltimore, MD	3.0	1.0	1066	$1,495	$1.40	24d	1	0.74mi
3902 Erdman Ave Unit 2 Baltimore, MD	1.0	1.0	700	$1,175	$1.68	15d	1	0.76mi
3902 Erdman Ave Unit 1 Baltimore, MD	2.0	1.0	1000	$1,275	$1.27	24d	1	0.76mi
1815 E 29th St Baltimore, MD	1.0	1.5	800	$1,015	$1.27	24d	1	0.76mi
4320 Sheldon Ave Baltimore, MD	3.0	1.5	1280	$1,800	$1.41	24d	1	0.76mi
4400 Asbury Ave Baltimore, MD	3.0	2.0	1270	$1,995	$1.57	4d	1	0.78mi
3914 Erdman Ave #1 Baltimore, MD	3.0	1.0	1200	$1,319	$1.10	18d	1	0.78mi
1802 E 28th St Baltimore, MD	3.0	1.0	1300	$1,600	$1.23	24d	1	0.78mi
3566 Dudley Ave Baltimore, MD	2.0	1.0	896	$1,800	$2.01	24d	1	0.81mi
3551 Shannon Dr Baltimore, MD	3.0	2.0	1485	$2,358	$1.59	24d	1	0.81mi
1702 E 32nd St Baltimore, MD	3.0	2.0	1344	$2,300	$1.71	44d	1	0.87mi
2125 Cliftwood Ave Baltimore, MD	1.0	2.0	1020	$1,450	$1.42	44d	1	0.97mi
1519 E 28th St Baltimore, MD	3.0	2.0	1100	$1,350	$1.23	44d	1	0.97mi
4409 Moravia Rd Baltimore, MD	2.0	1.0	861	$1,385	$1.61	44d	3	1.02mi
2311 E Lafayette Ave Baltimore, MD	3.0	1.0	1000	$1,400	$1.40	44d	1	1.03mi

Listing history 30 events

1. 2026-06-18
   days on market $124,900 Active 38 DOM
2. 2026-06-17
   days on market $124,900 Active 37 DOM
3. 2026-06-16
   days on market $124,900 Active 36 DOM
4. 2026-06-15
   days on market $124,900 Active 35 DOM
5. 2026-06-13
   days on market $124,900 Active 33 DOM
6. 2026-06-09
   days on market $124,900 Active 29 DOM
7. 2026-06-08
   days on market $124,900 Active 28 DOM
8. 2026-06-07
   days on market $124,900 Active 27 DOM
9. 2026-06-04
   days on market $124,900 Active 24 DOM
10. 2026-06-03
    days on market $124,900 Active 23 DOM
11. 2026-06-02
    days on market $124,900 Active 22 DOM
12. 2026-06-02
    price $124,900 Active 21 DOM
13. 2026-06-01
    days on market $135,000 Active 21 DOM
14. 2026-05-31
    days on market $135,000 Active 20 DOM
15. 2026-05-15
    price $135,000 621-char remark
16. 2026-05-11
    listed $140,000 Active 621-char remark
17. 2012-10-03
    soldstatus $37,000 Sold 356-char remark

    Show marketing remark (356 chars)

    Price Reduction! Great opportunity to purchase this charming porch front home! Features include wood floors, neutral decor, fenced in back yard and plenty of storage in basement! Close to public transportation and easy commute to downtown Baltimore. Needs some TLC but previously updated. Sold As Is. Agents - see General Remarks prior to submitting offer.

18. 2012-10-03
    soldstatus $37,000

    Show marketing remark (356 chars)

    Price Reduction! Great opportunity to purchase this charming porch front home! Features include wood floors, neutral decor, fenced in back yard and plenty of storage in basement! Close to public transportation and easy commute to downtown Baltimore. Needs some TLC but previously updated. Sold As Is. Agents - see General Remarks prior to submitting offer.

19. 2012-09-18
    status Contract 356-char remark

    Show marketing remark (356 chars)

    Price Reduction! Great opportunity to purchase this charming porch front home! Features include wood floors, neutral decor, fenced in back yard and plenty of storage in basement! Close to public transportation and easy commute to downtown Baltimore. Needs some TLC but previously updated. Sold As Is. Agents - see General Remarks prior to submitting offer.

20. 2012-09-18
    historical

    Show marketing remark (356 chars)

    Price Reduction! Great opportunity to purchase this charming porch front home! Features include wood floors, neutral decor, fenced in back yard and plenty of storage in basement! Close to public transportation and easy commute to downtown Baltimore. Needs some TLC but previously updated. Sold As Is. Agents - see General Remarks prior to submitting offer.

21. 2012-09-07
    price $42,500 356-char remark

    Show marketing remark (356 chars)

    Price Reduction! Great opportunity to purchase this charming porch front home! Features include wood floors, neutral decor, fenced in back yard and plenty of storage in basement! Close to public transportation and easy commute to downtown Baltimore. Needs some TLC but previously updated. Sold As Is. Agents - see General Remarks prior to submitting offer.

22. 2012-08-31
    price $43,900 356-char remark

    Show marketing remark (356 chars)

    Price Reduction! Great opportunity to purchase this charming porch front home! Features include wood floors, neutral decor, fenced in back yard and plenty of storage in basement! Close to public transportation and easy commute to downtown Baltimore. Needs some TLC but previously updated. Sold As Is. Agents - see General Remarks prior to submitting offer.

23. 2012-06-23
    listed $49,900 Active 356-char remark

    Show marketing remark (356 chars)

    Price Reduction! Great opportunity to purchase this charming porch front home! Features include wood floors, neutral decor, fenced in back yard and plenty of storage in basement! Close to public transportation and easy commute to downtown Baltimore. Needs some TLC but previously updated. Sold As Is. Agents - see General Remarks prior to submitting offer.

24. 2012-06-22
    listed $42,500

    Show marketing remark (356 chars)

    Price Reduction! Great opportunity to purchase this charming porch front home! Features include wood floors, neutral decor, fenced in back yard and plenty of storage in basement! Close to public transportation and easy commute to downtown Baltimore. Needs some TLC but previously updated. Sold As Is. Agents - see General Remarks prior to submitting offer.

25. 2007-08-13
    soldstatus $114,000
26. 2007-06-22
    soldstatus $114,000
27. 2007-05-13
    historical
28. 2007-04-29
    listed $108,000
29. 1994-03-29
    soldstatus $50,400
30. 1991-02-05
    soldstatus $48,400

ⓘ 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: $2,671 · $223/mo
• Projected year-2 tax: $2,671 · $223/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 4/10 Moderate 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,617
• − Mortgage interest: −$6,996
• − Property taxes: −$2,671
• − Insurance: −$624
• − Repairs & maintenance: −$1,569
• − Management: −$1,569
• − Depreciation: −$3,633
• Taxable income: $2,554
• Est. tax owed @ 24.0%: −$613
• After-tax cash flow: $3,730/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): 28,058
• Household income: $51,344
• Rent vs Own: 48.0% rent · 52.0% own
• Severe rent burden: 1868.0

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 (86%)
• Race & ethnicity: Black 86% White 6% Hispanic / Latino 4% Two or more races 3%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3%

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: ▼ -0.57%
• Current HPI: 427.4453
• Rent YoY: ▲ 5.25%
• 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

+158.1% since first listed

17 events — show timeline

• 2026-06-01 Price Changed $124,900 BRIGHT MLS
• 2026-05-15 Price Changed $135,000 BRIGHT MLS
• 2026-05-11 Listed $140,000 BRIGHT MLS
• 2012-10-03 Sold (MLS) $37,000 BRIGHT MLS
• 2012-10-03 Sold (MLS) $37,000 MRIS
• 2012-09-18 Pending — MRIS
• 2012-09-18 Listing Removed — BRIGHT MLS
• 2012-09-07 Price Changed $42,500 MRIS
• 2012-08-31 Price Changed $43,900 MRIS
• 2012-06-23 Listed $49,900 MRIS
• 2012-06-22 Listed $42,500 BRIGHT MLS
• 2007-08-13 Sold (Public Records) $114,000 Public Records
• 2007-06-22 Sold (MLS) $114,000 MRIS
• 2007-05-13 Delisted — MRIS
• 2007-04-29 Listed $108,000 MRIS
• 1994-03-29 Sold (Public Records) $50,400 Public Records
• 1991-02-05 Sold (Public Records) $48,400 Public Records

Property tax history

+1.3%/yr

Latest (2025): $2,671 · +6.7% YoY. Source: county tax records.