3710 Harlem Ave · Baltimore, MD 21229

$109,900

3 bd · 1.5 ba · 1,410 sqft · Townhouse public records · 151 Days on market

Built 1932 1,216 sqft lot $78/sqft · 48% below area Est $211k · 48% 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
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Look no further! This porch front home is priced to sell and will make a great home for a homeowner on a budget or a rental property to add to your portfolio. The home features hardwood floors, a modern kitchen, laundry, 3 bedrooms, 1.5 bathrooms, and a finished basement. Show and sell!

Key facts

• Built 1932
• Listed 150 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $110k.

Deal economics

• At list price, monthly cash flow is $685 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $97k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.8% 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 (+5.4%/yr); 256 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 ($60k/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 $760 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 + 5.4% rent growth), your $31k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 151 days — a 12% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 12y ago; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1932 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 23% 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 $96,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 151 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 1932 — 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: 1.75% ✓
• Cap rate: 13.77%
• Cash-on-cash: 26.70%
• DSCR: 2.19
• GRM: 4.8

CMA / ARV

• ARV (median comp): $211,293
• List price: $109,900
• Delta: -47.99%
• 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
3707 Colborne Rd	0.17mi	3/2.0	1,400 (-1%)	1mo	$220,000	$157	88
733 Lyndhurst St	0.12mi	3/1.5	1,550 (+10%)	2mo	$85,000	$55	76
3716 Edmondson Ave	0.08mi	4/1.0 (+1)	1,512 (+7%)	2mo	$130,000	$86	76
517 N Edgewood St	0.26mi	4/2.5 (+1)	1,430 (+1%)	2mo	$90,000	$63	75
509 Normandy Ave	0.20mi	4/2.5 (+1)	1,458 (+3%)	1mo	$212,000	$145	75
1000 Mount Holly St	0.24mi	3/1.5	1,290 (-8%)	1mo	$93,000	$72	74
1007 Mount Holly St	0.25mi	4/2.0 (+1)	1,290 (-8%)	2mo	$210,000	$163	65
3821 Stokes Dr	0.35mi	3/2.0	1,254 (-11%)	1mo	$145,000	$116	62
300 Denison St	0.39mi	3/2.0	1,260 (-11%)	2mo	$205,000	$163	60
1226 N Augusta Ave	0.49mi	3/2.0	1,536 (+9%)	0mo	$212,000	$138	60
1007 Wildwood Pkwy	0.33mi	3/1.0	1,216 (-14%)	2mo	$111,100	$91	58
21 Culver St	0.63mi	2/2.0 (-1)	1,260 (-11%)	1mo	$210,000	$167	45

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 · 5.38% rent growth · sell at horizon

5-year hold

• IRR: 23.4%
• Equity multiple: 1.99×
• Total profit: $30,581
• Equity at exit: $16,386

10-year hold

• IRR: 32.9%
• Equity multiple: 4.36×
• Total profit: $103,359
• Equity at exit: $9,502

Cash invested: $30,772 (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 21229

• Rents YoY: 5.4%
• Active inventory: 256
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,920 high
• Mortgage (P&I): −$576
• Tax from tax record: −$210 /mo · $2,517/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$403
• Net cashflow: $685

Break-even live

Break-even rent $1,053

Max offer price $109,900

Occupancy floor 59%

Sensitivity live

Price	-10% $747	-5% $716	+0% $685	+5% $654	+10% $622
Rent	-10% $533	-5% $609	+0% $685	+5% $761	+10% $836
Rate	-1.0pp $740	-0.5pp $713	base $685	+0.5pp $656	+1.0pp $627

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3712 Gelston Dr Baltimore, MD	3.0	2.0	1250	$2,500	$2.00	25d	1	0.06mi
623 N Grantley St Baltimore, MD	4.0	2.0	1250	$2,000	$1.60	25d	1	0.10mi
730 Linnard St Unit 1 Baltimore, MD	4.0	1.0	1360	$1,750	$1.29	25d	1	0.18mi
3507 Edmondson Ave Baltimore, MD	4.0	2.0	1428	$2,300	$1.61	45d	1	0.19mi
4020 Gelston Dr Baltimore, MD	3.0	2.0	1270	$1,875	$1.48	45d	1	0.23mi
3423 Edmondson Ave Baltimore, MD	2.0	1.5	1400	$1,710	$1.22	45d	1	0.24mi
409 Normandy Ave Baltimore, MD	4.0	1.0	1640	$1,500	$0.91	25d	1	0.24mi
787 N Grantley St Baltimore, MD	3.0	1.0	1116	$1,575	$1.41	25d	1	0.25mi
780 Linnard St Baltimore, MD	3.0	2.0	1224	$1,590	$1.30	45d	1	0.27mi
798 N Grantley St Baltimore, MD	3.0	2.0	1360	$2,295	$1.69	25d	1	0.27mi
3706 W Saratoga St Unit 1 Baltimore, MD	2.0	1.0	1540	$1,350	$0.88	45d	1	0.28mi
405 N Edgewood St Baltimore, MD	4.0	2.0	1408	$2,950	$2.10	5d	1	0.28mi
3607 W Lexington St Baltimore, MD	3.0	2.0	1050	$1,895	$1.80	5d	1	0.34mi
202 N Edgewood St Baltimore, MD	3.0	2.0	1710	$2,250	$1.32	25d	1	0.35mi
3935 Stokes Dr #1 Baltimore, MD	2.0	1.0	1150	$1,400	$1.22	45d	1	0.47mi
4103 Mountwood Rd Baltimore, MD	3.0	2.0	1030	$1,700	$1.65	45d	1	0.48mi
4113 Mountwood Rd Baltimore, MD	3.0	1.0	1520	$1,795	$1.18	45d	1	0.50mi
1216 N Augusta Ave Baltimore, MD	3.0	1.0	1024	$1,550	$1.51	25d	1	0.50mi
917 Kevin Rd Baltimore, MD	3.0	2.0	1151	$1,795	$1.56	3d	1	0.53mi
41 N Kossuth St Baltimore, MD	3.0	2.0	1216	$1,800	$1.48	25d	1	0.55mi
3238 Westmont Ave Baltimore, MD	3.0	1.0	1280	$1,600	$1.25	45d	1	0.60mi
3310 Elbert St Baltimore, MD	2.0	1.0	920	$1,550	$1.68	25d	1	0.63mi
3015 Rayner Ave Baltimore, MD	3.0	1.0	1152	$1,350	$1.17	45d	1	0.63mi
1042 Ellicott Dr Baltimore, MD	2.0	1.0	900	$1,450	$1.61	45d	1	0.65mi
3336 W Caton Ave Baltimore, MD	3.0	2.0	1236	$1,625	$1.31	25d	1	0.68mi
2922 Edmondson Ave Baltimore, MD	3.0	2.0	1620	$1,900	$1.17	45d	1	0.72mi
117 Collins Ave Baltimore, MD	3.0	3.0	1617	$2,350	$1.45	45d	1	0.75mi
4520 Scarlet Oak Ln Baltimore, MD	2.0	1.0	1025	$1,500	$1.46	45d	1	0.75mi
111 Upmanor Rd Baltimore, MD	3.0	1.5	1224	$2,163	$1.77	45d	1	0.76mi
3309 Brighton St Baltimore, MD	3.0	1.0	1134	$1,700	$1.50	45d	1	0.76mi
4018 Massachusetts Ave Baltimore, MD	3.0	1.0	1050	$1,400	$1.33	25d	1	0.82mi
1513 N Ellamont St Baltimore, MD	3.0	1.0	1700	$1,700	$1.00	25d	1	0.82mi
212 S Loudon Ave Baltimore, MD	3.0	1.5	1310	$1,550	$1.18	45d	1	0.84mi
3127 Baker St Baltimore, MD	3.0	1.0	1000	$1,300	$1.30	45d	1	0.87mi
2815 W Mulberry St Baltimore, MD	4.0	2.0	1040	$2,050	$1.97	45d	1	0.88mi
1530 N Rosedale St Baltimore, MD	3.0	2.0	1641	$1,895	$1.15	16d	1	0.88mi
3003 Presstman St Unit 1 Baltimore, MD	2.0	2.0	1450	$1,400	$0.97	45d	1	0.89mi
3003 Presstman St Unit 2 Baltimore, MD	2.0	1.0	1450	$1,300	$0.90	25d	1	0.89mi
2806 Riggs Ave Baltimore, MD	3.0	2.5	1412	$1,900	$1.35	5d	1	0.90mi
3709 Nortonia Rd #2 Baltimore, MD	2.0	1.0	1289	$1,450	$1.12	19d	1	0.91mi

Listing history 48 events

1. 2026-06-21
   days on market $109,900 Active 151 DOM
2. 2026-06-18
   days on market $109,900 Active 148 DOM
3. 2026-06-17
   days on market $109,900 Active 147 DOM
4. 2026-06-16
   days on market $109,900 Active 146 DOM
5. 2026-06-15
   days on market $109,900 Active 145 DOM
6. 2026-06-13
   days on market $109,900 Active 143 DOM
7. 2026-06-09
   days on market $109,900 Active 139 DOM
8. 2026-06-08
   days on market $109,900 Active 138 DOM
9. 2026-06-07
   days on market $109,900 Active 137 DOM
10. 2026-06-04
    days on market $109,900 Active 134 DOM
11. 2026-06-03
    days on market $109,900 Active 133 DOM
12. 2026-06-02
    days on market $109,900 Active 132 DOM
13. 2026-06-01
    days on market $109,900 Active 131 DOM
14. 2026-05-31
    days on market $109,900 Active 130 DOM
15. 2026-05-15
    price $109,900
16. 2026-04-21
    status Active
17. 2026-04-16
    historical
18. 2026-03-18
    price $114,900
19. 2026-01-17
    listed $119,900 Active
20. 2022-09-21
    soldstatus $123,000
21. 2022-03-28
    soldstatus $123,000 Closed 287-char remark

    Show marketing remark (287 chars)

    Look no further! This porch front home is priced to sell and will make a great home for a homeowner on a budget or a rental property to add to your portfolio. The home features hardwood floors, a modern kitchen, laundry, 3 bedrooms, 1.5 bathrooms, and a finished basement. Show and sell!

22. 2022-03-07
    status Pending 287-char remark

    Show marketing remark (287 chars)

    Look no further! This porch front home is priced to sell and will make a great home for a homeowner on a budget or a rental property to add to your portfolio. The home features hardwood floors, a modern kitchen, laundry, 3 bedrooms, 1.5 bathrooms, and a finished basement. Show and sell!

23. 2022-01-23
    listed $135,000 Active 287-char remark

    Show marketing remark (287 chars)

    Look no further! This porch front home is priced to sell and will make a great home for a homeowner on a budget or a rental property to add to your portfolio. The home features hardwood floors, a modern kitchen, laundry, 3 bedrooms, 1.5 bathrooms, and a finished basement. Show and sell!

24. 2022-01-21
    historical
25. 2021-11-23
    price $129,900
26. 2021-10-31
    listed $139,900 Active
27. 2016-09-22
    soldstatus $40,000
28. 2016-09-22
    soldstatus $40,000 Sold
29. 2016-08-25
    status Contract
30. 2016-08-22
    price $42,000
31. 2016-07-26
    price $49,000
32. 2016-07-25
    status Active
33. 2016-06-01
    status Contract
34. 2016-05-03
    listed $55,000 Active
35. 2015-10-31
    historical Withdrawn
36. 2015-10-31
    historical
37. 2015-08-21
    price
38. 2015-08-06
    price
39. 2015-07-15
    price
40. 2015-07-10
    price
41. 2015-07-01
    price
42. 2014-11-23
    price
43. 2014-11-23
    price
44. 2014-10-11
    price
45. 2014-09-15
    price
46. 2014-06-25
    price
47. 2014-03-28
    listed Active
48. 2014-03-27
    listed $70,000

ⓘ 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: $2,517 · $210/mo
• Projected year-2 tax: $2,517 · $210/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 5/10 Major 23% 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: $23,037
• − Mortgage interest: −$6,156
• − Property taxes: −$2,517
• − Insurance: −$550
• − Repairs & maintenance: −$1,843
• − Management: −$1,843
• − Depreciation: −$3,197
• Taxable income: $6,931
• Est. tax owed @ 24.0%: −$1,663
• After-tax cash flow: $6,553/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): 46,679
• Household income: $60,047
• Rent vs Own: 43.1% rent · 56.9% own
• Severe rent burden: 2776.0

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 15% Hispanic / Latino 6% Two or more races 4% Asian 3%
• Common ancestry: Lithuanian 1% Romanian 1% Serbian 1%
• Foreign-born: 5% · Canada, Philippines
• Languages at home: 91% English-only · Spanish 4% Other Indo-European 2% Other Asian/Pacific 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: ▼ -259.07%
• Current HPI: 226.896
• Rent YoY: ▲ 5.38%
• 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

+57.0% since first listed

34 events — show timeline

• 2026-05-15 Price Changed $109,900 BRIGHT MLS
• 2026-04-21 Relisted — BRIGHT MLS
• 2026-04-16 Listing Removed — BRIGHT MLS
• 2026-03-18 Price Changed $114,900 BRIGHT MLS
• 2026-01-17 Listed $119,900 BRIGHT MLS
• 2022-09-21 Sold (Public Records) $123,000 Public Records
• 2022-03-28 Sold (MLS) $123,000 BRIGHT MLS
• 2022-03-07 Pending — BRIGHT MLS
• 2022-01-23 Listed $135,000 BRIGHT MLS
• 2022-01-21 Listing Removed — BRIGHT MLS
• 2021-11-23 Price Changed $129,900 BRIGHT MLS
• 2021-10-31 Listed $139,900 BRIGHT MLS
• 2016-09-22 Sold (MLS) $40,000 MRIS
• 2016-09-22 Sold (MLS) $40,000 BRIGHT MLS
• 2016-08-25 Pending — MRIS
• 2016-08-22 Price Changed $42,000 MRIS
• 2016-07-26 Price Changed $49,000 MRIS
• 2016-07-25 Relisted — MRIS
• 2016-06-01 Pending — MRIS
• 2016-05-03 Listed $55,000 MRIS
• 2015-10-31 Listing Removed — BRIGHT MLS
• 2015-10-31 Delisted — MRIS
• 2015-08-21 Price Changed — MRIS
• 2015-08-06 Price Changed — MRIS
• 2015-07-15 Price Changed — MRIS
• 2015-07-10 Price Changed — MRIS
• 2015-07-01 Price Changed — MRIS
• 2014-11-23 Price Changed — MRIS
• 2014-11-23 Price Changed — MRIS
• 2014-10-11 Price Changed — MRIS
• 2014-09-15 Price Changed — MRIS
• 2014-06-25 Price Changed — MRIS
• 2014-03-28 Listed — MRIS
• 2014-03-27 Listed $70,000 BRIGHT MLS

Property tax history

+3.0%/yr

Latest (2025): $2,517 · +11.6% YoY. Source: county tax records.