1244 Washington Blvd · Baltimore, MD 21230

$129,900

2 bd · 1.0 ba · 960 sqft · Townhouse public records · 59 Days on market

Built 1898 $135/sqft · 22% below area Est $167k · 22% 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 +28.3/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.2/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

"Welcome to 1244 Washington Blvd This delightful 2 bedroom, 1 bathroom rowhome is nestled in the heart of historic Pigtown and offers an ideal opportunity for first-time buyers or savvy investors alike. Step inside to find a warm and inviting main level with a comfortable living area and dedicated dining space that flows into a functional kitchen, ready for your personal touch. Upstairs, you’ll find two spacious bedrooms and a full bathroom, offering privacy and comfort. Incredible versatility with a third bedroom, and ample space for guests, a home office, or potential rental income (rent in this area is around $1,400 a month) Located just minutes from Camden Yards, M & T Bank Stadium, the Inner Harbor, and all that downtown Baltimore has to offer, this home also benefits from Pigtown’s beloved local restaurants, shops, and parks—all with easy access to major commuter routes. Whether you're looking for a place to call home or a solid investment opportunity, 1244 Washington Blvd checks all the boxes. Schedule your tour today and come see the potential for yourself!!!"

Key facts

• Built 1898
• Listed 59 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $130k.

Deal economics

• At list price, monthly cash flow is $416 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $126k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.1% 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 soft (-1.0%/yr); 362 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 $898 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.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($126k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 20y 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 $100k; 30% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1898 — 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 $126,003 (3.0% below list)

Questions for the listing agent

1. It's been on market 59 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 1898 — 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: 1.32% ✓
• Cap rate: 10.14%
• Cash-on-cash: 13.73%
• DSCR: 1.61
• GRM: 6.3

CMA / ARV

• ARV (median comp): $167,376
• List price: $129,900
• Delta: -22.39%
• 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
1133 Sargeant St	0.11mi	2/1.5	912 (-5%)	2mo	$67,500	$74	82
1121 Cleveland St	0.20mi	2/1.0	912 (-5%)	2mo	$109,900	$121	81
1241 W Lombard St	0.39mi	2/1.0	963 (+0%)	3mo	$150,000	$156	79
1226 W Pratt St	0.34mi	2/1.5	1,000 (+4%)	2mo	$80,000	$80	74
1239 W Lombard St	0.39mi	2/1.0	1,000 (+4%)	3mo	$150,000	$150	73
1125 Bayard St	0.14mi	1/2.0 (-1)	1,032 (+8%)	0mo	$120,000	$116	72
884 Washington Blvd	0.25mi	2/1.5	1,040 (+8%)	3mo	$200,000	$192	70
1607 Lemmon St	0.52mi	1/1.0 (-1)	974 (+2%)	1mo	$20,000	$21	68
703 Dover St	0.56mi	2/2.0	1,008 (+5%)	1mo	$225,000	$223	61
649 Dover St	0.59mi	1/1.5 (-1)	936 (-2%)	3mo	$195,000	$208	59
640 Dover St	0.61mi	3/2.0 (+1)	936 (-2%)	2mo	$220,000	$235	57
1404 Lemmon St	0.42mi	3/2.0 (+1)	1,100 (+15%)	1mo	$189,000	$172	46

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 0.4%
• Equity multiple: 1.01×
• Total profit: $474
• Equity at exit: $19,369

10-year hold

• IRR: 6.5%
• Equity multiple: 1.42×
• Total profit: $15,309
• Equity at exit: $11,231

Cash invested: $36,372 (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 21230

• Rents YoY: -1.0%
• Active inventory: 362
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,716 high
• Mortgage (P&I): −$681
• Tax from tax record: −$205 /mo · $2,454/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$360
• Net cashflow: $416

Break-even live

Break-even rent $1,190

Max offer price $129,900

Occupancy floor 71%

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1215 James St Baltimore, MD	2.0	1.0	960	$1,500	$1.56	43d	1	0.08mi
1163 Washington Blvd Baltimore, MD	2.0	2.5	1012	$1,700	$1.68	12d	1	0.09mi
1160 Washington Blvd Baltimore, MD	2.0	1.0	960	$1,575	$1.64	24d	1	0.11mi
1127 Sargeant St Baltimore, MD	2.0	1.5	1080	$1,275	$1.18	24d	1	0.14mi
1142 Sargeant St Baltimore, MD	3.0	2.0	1080	$1,601	$1.48	2d	1	0.14mi
1432 Carroll St Baltimore, MD	2.0	1.5	912	$1,900	$2.08	43d	1	0.20mi
853 Reinhart St Baltimore, MD	2.0	2.5	780	$1,800	$2.31	43d	1	0.25mi
923 McHenry St Baltimore, MD	3.0	1.0	1008	$1,625	$1.61	43d	1	0.28mi
847 McHenry St Baltimore, MD	2.0	2.0	952	$1,795	$1.89	4d	1	0.31mi
305 S Calhoun St Baltimore, MD	2.0	1.0	1000	$1,300	$1.30	22d	1	0.32mi
1125 Wicomico St Baltimore, MD	3.0	3.0	1068	$1,955	$1.83	24d	1	0.34mi
805 Washington Blvd Unit B Baltimore, MD	2.0	2.0	1106	$1,650	$1.49	20d	1	0.34mi
805 Washington Blvd Unit A Baltimore, MD	2.0	2.0	1050	$1,650	$1.57	43d	1	0.34mi
519 Scott St Unit 1 Baltimore, MD	2.0	2.0	800	$2,000	$2.50	43d	1	0.36mi
776 Washington Blvd Unit 3F Baltimore, MD	1.0	1.0	800	$1,000	$1.25	43d	1	0.38mi
1324 W Lombard St Unit 1 Baltimore, MD	2.0	2.0	1100	$1,500	$1.36	24d	1	0.45mi
1324 W Lombard St Unit 2 Baltimore, MD	2.0	1.5	1100	$1,450	$1.32	43d	1	0.45mi
48 S Carrollton Ave Unit 4 Baltimore, MD	2.0	1.0	670	$1,600	$2.39	43d	1	0.45mi
812 S Paca St Baltimore, MD	3.0	2.0	990	$1,500	$1.52	12d	1	0.48mi
1315 Hollins St Unit 2 Baltimore, MD	3.0	2.0	1096	$1,860	$1.70	4d	1	0.48mi
1315 Hollins St Unit 2 Baltimore, MD	3.0	2.0	1096	$1,950	$1.78	12d	1	0.48mi
638 S Paca St Unit 2404866494 Baltimore, MD	3.0	1.5	1100	$2,200	$2.00	43d	1	0.55mi
121 S Fremont Ave Baltimore, MD	1.0	1.0	582	$2,100	$3.61	20d	5	0.56mi
725 W Pratt St Baltimore, MD	1.0	1.0	584	$1,925	$3.29	10d	9	0.56mi
657 Dover St Baltimore, MD	1.0	2.0	1080	$1,400	$1.30	12d	1	0.60mi
653 Dover St Baltimore, MD	1.0	1.5	936	$1,500	$1.60	20d	1	0.60mi
1712 W Lombard St #4 Baltimore, MD	1.0	1.0	550	$900	$1.64	43d	1	0.62mi
1601 Frederick Ave Unit 3 Baltimore, MD	2.0	1.0	1050	$1,050	$1.00	4d	1	0.64mi
28 N Norris St Baltimore, MD	1.0	2.0	700	$1,450	$2.07	43d	1	0.64mi
101 N Schroeder St Baltimore, MD	3.0	1.0–2.0	1037	$2,481	$2.39	2d	12	0.65mi
519 W Pratt St Baltimore, MD	1.0	1.0	576	$1,400	$2.43	2d	2	0.73mi
410 W Lombard St Baltimore, MD	1.0	1.0	611	$1,995	$3.26	1d	4	0.84mi
1918 W Baltimore St Baltimore, MD	2.0–3.0	1.0–2.0	857	$1,375	$1.60	43d	1	0.84mi
617 W Lexington St Baltimore, MD	1.0–2.0	1.0	975	$2,200	$2.26	10d	4	0.88mi
301 W Lombard St Baltimore, MD	1.0	1.0–2.0	499	$1,775	$3.56	2d	30	0.89mi
11 S Eutaw St Baltimore, MD	1.0–2.0	1.0–2.0	1023	$2,146	$2.10	2d	11	0.94mi
1 S Eutaw St Unit 1BR Baltimore, MD	1.0	1.0	600	$1,245	$2.08	14d	1	0.94mi
300 W Lombard St Baltimore, MD	2.0	1.0–2.0	686	$1,835	$2.67	2d	7	0.94mi
300 W Redwood St Baltimore, MD	1.0	1.0	565	$2,400	$4.25	18d	1	0.97mi
311 W Baltimore St #503 Baltimore, MD	1.0	1.0	900	$1,599	$1.78	43d	1	0.97mi

Listing history 15 events

1. 2026-06-07
   days on market $129,900 Active 59 DOM
2. 2026-06-04
   days on market $129,900 Active 56 DOM
3. 2026-06-03
   days on market $129,900 Active 55 DOM
4. 2026-06-02
   days on market $129,900 Active 54 DOM
5. 2026-06-01
   days on market $129,900 Active 53 DOM
6. 2026-05-31
   days on market $129,900 Active 52 DOM
7. 2026-04-10
   listed $129,900 Active 1119-char remark

   Show marketing remark (1119 chars)

   "Welcome to 1244 Washington Blvd This delightful 2 bedroom, 1 bathroom rowhome is nestled in the heart of historic Pigtown and offers an ideal opportunity for first-time buyers or savvy investors alike. Step inside to find a warm and inviting main level with a comfortable living area and dedicated dining space that flows into a functional kitchen, ready for your personal touch. Upstairs, you’ll find two spacious bedrooms and a full bathroom, offering privacy and comfort. Incredible versatility with a third bedroom, and ample space for guests, a home office, or potential rental income (rent in this area is around $1,400 a month) Located just minutes from Camden Yards, M & T Bank Stadium, the Inner Harbor, and all that downtown Baltimore has to offer, this home also benefits from Pigtown’s beloved local restaurants, shops, and parks—all with easy access to major commuter routes. Whether you're looking for a place to call home or a solid investment opportunity, 1244 Washington Blvd checks all the boxes. Schedule your tour today and come see the potential for yourself!!!"

8. 2026-04-06
   historical $129,900 1119-char remark

   Show marketing remark (1119 chars)

   "Welcome to 1244 Washington Blvd This delightful 2 bedroom, 1 bathroom rowhome is nestled in the heart of historic Pigtown and offers an ideal opportunity for first-time buyers or savvy investors alike. Step inside to find a warm and inviting main level with a comfortable living area and dedicated dining space that flows into a functional kitchen, ready for your personal touch. Upstairs, you’ll find two spacious bedrooms and a full bathroom, offering privacy and comfort. Incredible versatility with a third bedroom, and ample space for guests, a home office, or potential rental income (rent in this area is around $1,400 a month) Located just minutes from Camden Yards, M & T Bank Stadium, the Inner Harbor, and all that downtown Baltimore has to offer, this home also benefits from Pigtown’s beloved local restaurants, shops, and parks—all with easy access to major commuter routes. Whether you're looking for a place to call home or a solid investment opportunity, 1244 Washington Blvd checks all the boxes. Schedule your tour today and come see the potential for yourself!!!"

9. 2024-11-22
   soldstatus $100,000
10. 2024-11-09
    soldstatus $100,000 Closed 262-char remark

    Show marketing remark (262 chars)

    Renovated townhouse. Gourmet kitchen, Wood floors throughout, large walking closet to outside balcony. Very clean unfinished basement. 2bedrooms, 1 full bath. Call Song Hong realtor & loan officer to get up to 70k in grant funds for first time home buyers.

11. 2024-10-23
    historical Active Under Contract 262-char remark

    Show marketing remark (262 chars)

    Renovated townhouse. Gourmet kitchen, Wood floors throughout, large walking closet to outside balcony. Very clean unfinished basement. 2bedrooms, 1 full bath. Call Song Hong realtor & loan officer to get up to 70k in grant funds for first time home buyers.

12. 2024-10-18
    listed $100,000 Active 262-char remark

    Show marketing remark (262 chars)

    Renovated townhouse. Gourmet kitchen, Wood floors throughout, large walking closet to outside balcony. Very clean unfinished basement. 2bedrooms, 1 full bath. Call Song Hong realtor & loan officer to get up to 70k in grant funds for first time home buyers.

13. 2007-05-24
    historical
14. 2006-12-12
    listed
15. 1997-10-29
    soldstatus $10,175

ⓘ 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: $2,454 · $205/mo
• Projected year-2 tax: $2,454 · $205/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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 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: $20,597
• − Mortgage interest: −$7,276
• − Property taxes: −$2,454
• − Insurance: −$650
• − Repairs & maintenance: −$1,648
• − Management: −$1,648
• − Depreciation: −$3,779
• Taxable income: $3,142
• Est. tax owed @ 24.0%: −$754
• After-tax cash flow: $4,239/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): 32,977
• Household income: $91,842
• Rent vs Own: 49.3% rent · 50.7% own
• Severe rent burden: 1463.0

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: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 55% Black 23% Hispanic / Latino 13% Two or more races 6% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 1%
• Common ancestry: Romanian 5% Lithuanian 2% Italian 2%
• Foreign-born: 10% · Canada, China
• Languages at home: 85% English-only · Spanish 9% Other Indo-European 1% 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: ▼ -311.43%
• Current HPI: 284.338
• Rent YoY: ▼ -1.00%
• 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

+1176.7% since first listed

9 events — show timeline

• 2026-04-10 Listed $129,900 BRIGHT MLS
• 2026-04-06 Coming Soon $129,900 BRIGHT MLS
• 2024-11-22 Sold (Public Records) $100,000 Public Records
• 2024-11-09 Sold (MLS) $100,000 BRIGHT MLS
• 2024-10-23 Contingent — BRIGHT MLS
• 2024-10-18 Listed $100,000 BRIGHT MLS
• 2007-05-24 Delisted — MRIS
• 2006-12-12 Listed — MRIS
• 1997-10-29 Sold (Public Records) $10,175 Public Records

Property tax history

+2.3%/yr

Latest (2025): $2,454 · +10.2% YoY. Source: county tax records.