3331 Gwynns Falls Pkwy · Baltimore, MD 21216

$185,000

3 bd · 2.5 ba · 1,584 sqft · Townhouse public records · 225 Days on market

Built 1925 1,584 sqft lot $117/sqft · 23% below area Est $239k · 23% under

---

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 +17.0/30.0
• ARV discount +15.0/15.0
• DSCR +5.3/10.0
• 1% rule +5.1/10.0
• Rent growth +4.0/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Priced to Sell! Step inside this beautifully sized rowhome featuring a huge enclosed front porch — the perfect spot to relax and enjoy the neighborhood. This home offers 3 bedrooms and 2 full baths, with 9-foot ceilings, gleaming hardwood floors, and replacement windows that fill each room with natural light. Enjoy the charm of French doors leading to a formal dining room, along with a bright living area and skylights that add an airy feel throughout. The finished basement provides extra living or storage space, and the extensive backyard is ideal for entertaining, gardening, or simply unwinding outdoors. Bring your imagination and finishing touches to make this home truly yours! Priced to sell — schedule your showing today!

Key facts

• French doors
• Finished basement
• Extensive backyard

Tags

• ENCLOSED FRONT PORCH
• FRENCH DOORS
• FINISHED BASEMENT
• EXTENSIVE BACKYARD
• SKYLIGHTS

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath townhouse listed at $185k.

Deal economics

• At list price, monthly cash flow is $125 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $185k).
• Recommended offer: $163k (12.0% 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: 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 (+6.1%/yr); 252 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); lower-income renter base — watch delinquency; 1,273 units permitted in Baltimore city in 2024 (1,104 in 5+ unit buildings).
• At $1,860/mo this rent would consume 53% of the median local household income ($42k/yr) (locally 2264% 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 225 days — a 12% lower offer ($163k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 25y ago; this cycle's ask has dropped $45k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1925 — 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 $162,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 225 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 1925 — 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: 1.01% ✓
• Cap rate: 7.10%
• Cash-on-cash: 2.89%
• DSCR: 1.13
• GRM: 8.3

CMA / ARV

• ARV (median comp): $239,460
• List price: $185,000
• Delta: -22.74%
• 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
3015 Windsor Ave	0.34mi	3/2.5	1,674 (+6%)	2mo	$240	—	73
1635 N Rosedale St	0.55mi	4/3.0 (+1)	1,572 (-1%)	4mo	$198,500	$126	62
3031 Hanlon Ave	0.27mi	3/2.0	1,820 (+15%)	1mo	$260,000	$143	60
3323 Presstman St	0.68mi	3/2.0	1,620 (+2%)	4mo	$148,000	$91	59
1517 N Ellamont St	0.65mi	3/1.0	1,544 (-2%)	4mo	$93,500	$61	56
2326 Braddish Ave	0.65mi	3/1.5	1,500 (-5%)	2mo	$159,000	$106	55
2304 Ashburton St	0.60mi	4/2.0 (+1)	1,520 (-4%)	4mo	$255,000	$168	54
2920 Brighton St	0.70mi	3/2.5	1,440 (-9%)	2mo	$247,500	$172	51
1625 N Rosedale St	0.56mi	3/1.0	1,396 (-12%)	2mo	$36,000	$26	47
3020 Brighton St	0.67mi	4/2.5 (+1)	1,406 (-11%)	2mo	$209,000	$149	43
2829 Baker St	0.74mi	4/3.5 (+1)	1,460 (-8%)	2mo	$215,400	$148	42
3018 Presstman St	0.71mi	4/2.0 (+1)	1,400 (-12%)	1mo	$108,000	$77	40

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 · 6.1% rent growth · sell at horizon

5-year hold

• IRR: -8.1%
• Equity multiple: 0.69×
• Total profit: $-15,974
• Equity at exit: $27,584

10-year hold

• IRR: 5.2%
• Equity multiple: 1.44×
• Total profit: $22,771
• Equity at exit: $15,995

Cash invested: $51,800 (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 21216

• Rents YoY: 6.1%
• Active inventory: 252
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,860 high
• Mortgage (P&I): −$970
• Tax from tax record: −$297 /mo · $3,568/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$391
• Net cashflow: $125

Break-even live

Break-even rent $1,702

Max offer price $185,000

Occupancy floor 88%

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3028 Hanlon Ave Baltimore, MD	3.0	2.0	1200	$1,711	$1.43	23d	1	0.28mi
3030 Windsor Ave Baltimore, MD	4.0	1.5	2124	$1,995	$0.94	4d	1	0.29mi
3403 Carlisle Ave Apt 1 Baltimore, MD	2.0	1.0	1100	$1,600	$1.45	11d	1	0.36mi
2103 Chelsea Ter Unit 2 Baltimore, MD	3.0	1.5	1500	$2,100	$1.40	14d	1	0.39mi
2103 Chelsea Ter Unit 1 Baltimore, MD	2.0	2.0	1500	$2,200	$1.47	14d	1	0.39mi
3904 Gwynns Falls Pkwy Baltimore, MD	3.0	2.0	1772	$2,600	$1.47	43d	1	0.43mi
2917 Clifton Ave Baltimore, MD	4.0	4.0	1700	$2,150	$1.26	23d	1	0.45mi
1633 N Hilton St Baltimore, MD	4.0	2.5	1920	$2,600	$1.35	17d	1	0.52mi
2812 Clifton Ave Baltimore, MD	3.0	1.5	1650	$1,850	$1.12	43d	1	0.52mi
3709 Nortonia Rd #2 Baltimore, MD	2.0	1.0	1289	$1,450	$1.12	17d	1	0.54mi
3309 Brighton St Baltimore, MD	3.0	1.0	1134	$1,700	$1.50	43d	1	0.64mi
1530 N Rosedale St Baltimore, MD	3.0	2.0	1641	$1,895	$1.15	14d	1	0.65mi
1513 N Ellamont St Baltimore, MD	3.0	1.0	1700	$1,700	$1.00	23d	1	0.66mi
3003 Presstman St Unit 2 Baltimore, MD	2.0	1.0	1450	$1,300	$0.90	23d	1	0.75mi
3003 Presstman St Unit 1 Baltimore, MD	2.0	2.0	1450	$1,400	$0.97	44d	1	0.75mi
2636 W North Ave Baltimore, MD	2.0–3.0	1.0–2.0	975	$1,475	$1.51	4d	1	0.77mi
2800 Presstman St Baltimore, MD	3.0	2.5	1460	$1,799	$1.23	23d	1	0.83mi
1402 Poplar Grove St Baltimore, MD	4.0	1.5	1540	$800	$0.52	43d	1	0.84mi
3104 Tioga Pkwy Baltimore, MD	3.0	2.0	1640	$2,050	$1.25	21d	1	0.84mi
3238 Westmont Ave Baltimore, MD	3.0	1.0	1280	$1,600	$1.25	43d	1	0.90mi
3508 Grantley Rd Baltimore, MD	2.0	1.0	1250	$1,350	$1.08	23d	1	1.00mi
2405 W North Ave Baltimore, MD	4.0	3.0	1826	$1,900	$1.04	4d	1	1.01mi
3935 Stokes Dr #1 Baltimore, MD	2.0	1.0	1150	$1,400	$1.22	43d	1	1.01mi
4309 Norfolk Ave Unit 1st Floor Baltimore, MD	2.0	1.0	1470	$1,500	$1.02	11d	1	1.03mi
2728 Winchester St Baltimore, MD	3.0	1.5	1260	$1,800	$1.43	3d	1	1.05mi
3914 Maine Ave Unit 3 Baltimore, MD	2.0	1.0	2127	$1,150	$0.54	43d	1	1.06mi
1617-A Moreland Ave Unit 2nd Flr Baltimore, MD	2.0	1.0	1500	$1,400	$0.93	43d	1	1.07mi
3204 Sequoia Ave Baltimore, MD	4.0	2.5	1791	$2,600	$1.45	43d	1	1.07mi
2806 Riggs Ave Baltimore, MD	3.0	2.5	1412	$1,900	$1.35	3d	1	1.08mi
4113 Mountwood Rd Baltimore, MD	3.0	1.0	1520	$1,795	$1.18	43d	1	1.09mi
2305 Wichita Ave Unit 1 Baltimore, MD	3.0	1.0	1950	$1,300	$0.67	23d	1	1.10mi
2204 Clifton Ave Baltimore, MD	3.0	1.0	1400	$1,450	$1.04	4d	1	1.11mi
1816 N Bentalou St Baltimore, MD	3.0	2.0	1350	$1,700	$1.26	23d	1	1.11mi
1816 N Bentalou St Baltimore, MD	3.0	2.0	1350	$1,700	$1.26	10d	1	1.11mi
2910 Reisterstown Rd Baltimore, MD	1.0–3.0	1.0	950	$1,414	$1.49	14d	4	1.13mi
798 N Grantley St Baltimore, MD	3.0	2.0	1360	$2,295	$1.69	23d	1	1.13mi
787 N Grantley St Baltimore, MD	3.0	1.0	1116	$1,575	$1.41	23d	1	1.16mi
2744 W Mosher St Baltimore, MD	4.0	2.0	1412	$2,100	$1.49	23d	1	1.16mi
780 Linnard St Baltimore, MD	3.0	2.0	1224	$1,590	$1.30	43d	1	1.17mi
3700 Woodridge Rd Baltimore, MD	3.0	1.5	1955	$1,950	$1.00	43d	1	1.18mi

Listing history 32 events

1. 2026-06-18
   days on market $185,000 Active 225 DOM
2. 2026-06-17
   days on market $185,000 Active 224 DOM
3. 2026-06-16
   days on market $185,000 Active 223 DOM
4. 2026-06-15
   days on market $185,000 Active 222 DOM
5. 2026-06-13
   days on market $185,000 Active 220 DOM
6. 2026-06-09
   days on market $185,000 Active 216 DOM
7. 2026-06-08
   days on market $185,000 Active 215 DOM
8. 2026-06-07
   days on market $185,000 Active 214 DOM
9. 2026-06-04
   days on market $185,000 Active 211 DOM
10. 2026-06-03
    days on market $185,000 Active 210 DOM
11. 2026-06-02
    days on market $185,000 Active 209 DOM
12. 2026-06-01
    days on market $185,000 Active 208 DOM
13. 2026-05-31
    days on market $185,000 Active 207 DOM
14. 2026-04-08
    price $185,000 746-char remark

    Show marketing remark (746 chars)

    Priced to Sell! Step inside this beautifully sized rowhome featuring a huge enclosed front porch — the perfect spot to relax and enjoy the neighborhood. This home offers 3 bedrooms and 2 full baths, with 9-foot ceilings, gleaming hardwood floors, and replacement windows that fill each room with natural light. Enjoy the charm of French doors leading to a formal dining room, along with a bright living area and skylights that add an airy feel throughout. The finished basement provides extra living or storage space, and the extensive backyard is ideal for entertaining, gardening, or simply unwinding outdoors. Bring your imagination and finishing touches to make this home truly yours! Priced to sell — schedule your showing today!

15. 2026-01-14
    price $189,000 746-char remark

    Show marketing remark (746 chars)

    Priced to Sell! Step inside this beautifully sized rowhome featuring a huge enclosed front porch — the perfect spot to relax and enjoy the neighborhood. This home offers 3 bedrooms and 2 full baths, with 9-foot ceilings, gleaming hardwood floors, and replacement windows that fill each room with natural light. Enjoy the charm of French doors leading to a formal dining room, along with a bright living area and skylights that add an airy feel throughout. The finished basement provides extra living or storage space, and the extensive backyard is ideal for entertaining, gardening, or simply unwinding outdoors. Bring your imagination and finishing touches to make this home truly yours! Priced to sell — schedule your showing today!

16. 2025-11-05
    listed $230,000 Active 746-char remark

    Show marketing remark (746 chars)

    Priced to Sell! Step inside this beautifully sized rowhome featuring a huge enclosed front porch — the perfect spot to relax and enjoy the neighborhood. This home offers 3 bedrooms and 2 full baths, with 9-foot ceilings, gleaming hardwood floors, and replacement windows that fill each room with natural light. Enjoy the charm of French doors leading to a formal dining room, along with a bright living area and skylights that add an airy feel throughout. The finished basement provides extra living or storage space, and the extensive backyard is ideal for entertaining, gardening, or simply unwinding outdoors. Bring your imagination and finishing touches to make this home truly yours! Priced to sell — schedule your showing today!

17. 2022-10-26
    historical
18. 2022-10-11
    price $190,000
19. 2022-09-14
    price $195,000
20. 2022-08-16
    listed $205,000 Active
21. 2022-06-23
    soldstatus $162,000
22. 2006-07-10
    soldstatus $109,000
23. 2006-04-26
    soldstatus $109,000
24. 2006-03-29
    historical
25. 2006-03-27
    listed $109,000
26. 2002-10-07
    historical
27. 2002-08-23
    listed
28. 2002-04-09
    historical
29. 2001-12-30
    listed
30. 2001-03-06
    historical
31. 2001-02-26
    listed
32. 1994-11-25
    soldstatus $35,000

ⓘ 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: $3,568 · $297/mo
• Projected year-2 tax: $3,568 · $297/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: $22,321
• − Mortgage interest: −$10,363
• − Property taxes: −$3,568
• − Insurance: −$925
• − Repairs & maintenance: −$1,786
• − Management: −$1,786
• − Depreciation: −$5,382
• Taxable loss: −$1,488
• Est. tax savings @ 24.0%: +$357
• After-tax cash flow: $1,856/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): 29,426
• Household income: $42,031
• Rent vs Own: 49.8% rent · 50.2% own
• Severe rent burden: 2264.0

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 (91%)
• Race & ethnicity: Black 91% Hispanic / Latino 4% Two or more races 3% White 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3% French/Haitian/Cajun 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: ▼ -107.42%
• Current HPI: 164.3933
• Rent YoY: ▲ 6.10%
• 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

+428.6% since first listed

19 events — show timeline

• 2026-04-08 Price Changed $185,000 BRIGHT MLS
• 2026-01-14 Price Changed $189,000 BRIGHT MLS
• 2025-11-05 Listed $230,000 BRIGHT MLS
• 2022-10-26 Listing Removed — BRIGHT MLS
• 2022-10-11 Price Changed $190,000 BRIGHT MLS
• 2022-09-14 Price Changed $195,000 BRIGHT MLS
• 2022-08-16 Listed $205,000 BRIGHT MLS
• 2022-06-23 Sold (Public Records) $162,000 Public Records
• 2006-07-10 Sold (Public Records) $109,000 Public Records
• 2006-04-26 Sold (MLS) $109,000 MRIS
• 2006-03-29 Delisted — MRIS
• 2006-03-27 Listed $109,000 MRIS
• 2002-10-07 Delisted — MRIS
• 2002-08-23 Listed — MRIS
• 2002-04-09 Delisted — MRIS
• 2001-12-30 Listed — MRIS
• 2001-03-06 Delisted — MRIS
• 2001-02-26 Listed — MRIS
• 1994-11-25 Sold (Public Records) $35,000 Public Records

Property tax history

+3.6%/yr

Latest (2025): $3,568 · +12.4% YoY. Source: county tax records.