1206 W Cross St W · Baltimore, MD 21230

$139,900

2 bd · 1.0 ba · 912 sqft · Townhouse public records · 27 Days on market

Built 1900 $153/sqft · 19% below area Est $173k · 19% 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 +26.6/30.0
• ARV discount +15.0/15.0
• DSCR +9.1/10.0
• 1% rule +7.5/10.0
• 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

Appeal Taxes! Priced 60% BELOW Assessed value!Great opportunity to own one or 3 in a row as this could be part of a package with 1204 and 1208 W Cross. Currently occupied by tenants on month to month basis. Owner will give 60 days notice to vacate in July. Bring an offer one or all three! Priced to make you money-as a homeowner looking for a good deal or an investor. Appeal Taxes & Rehab - Email LA

Key facts

• Baltimore rowhome
• Near carroll park
• Convenient access

Tags

• BALTIMORE ROWHOME
• NEAR CARROLL PARK
• CONVENIENT ACCESS
• MAJOR COMMUTER ROUTES
• LOCAL DINING

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Electric cooling fuel; Natural gas for heating and hot water
• Home design: Interior townhouse/rowhouse; Fee simple ownership
• Construction: Block foundation; Built year recorded by assessor
• Exterior features: Not located on tidal water; Above-grade and below-grade other structures

Interior

• Bedrooms: 2 bedrooms on the first upper level
• Bathrooms: 1 full bathroom (all upper levels)
• Heating & cooling: Forced air heating (natural gas); Window air conditioning units (electric); Natural gas hot water
• Interior features: Dining area; Connecting stairway to basement; Unfinished basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $140k.

Deal economics

• At list price, monthly cash flow is $373 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $138k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.5% 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); 364 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 $967 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 27 days — a 2% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 24y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1900 — 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 $137,801 (1.5% below list)

Questions for the listing agent

1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.25% ✓
• Cap rate: 9.49%
• Cash-on-cash: 11.42%
• DSCR: 1.51
• GRM: 6.6

CMA / ARV

• ARV (median comp): $173,029
• List price: $139,900
• Delta: -19.15%
• 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
1121 Cleveland St	0.06mi	2/1.0	912 (0%)	2mo	$109,900	$121	96
1133 Sargeant St	0.13mi	2/1.5	912 (0%)	2mo	$67,500	$74	90
884 Washington Blvd	0.06mi	2/1.5	1,040 (+14%)	3mo	$200,000	$192	69
649 Dover St	0.39mi	1/1.5 (-1)	936 (+3%)	3mo	$195,000	$208	68
1241 W Lombard St	0.45mi	2/1.0	963 (+6%)	3mo	$150,000	$156	67
640 Dover St	0.41mi	3/2.0 (+1)	936 (+3%)	2mo	$220,000	$235	66
1226 W Pratt St	0.41mi	2/1.5	1,000 (+10%)	2mo	$80,000	$80	62
703 Dover St	0.36mi	2/2.0	1,008 (+10%)	1mo	$225,000	$223	61
1239 W Lombard St	0.45mi	2/1.0	1,000 (+10%)	3mo	$150,000	$150	61
802 W Barre St	0.27mi	3/3.0 (+1)	990 (+9%)	3mo	$285,000	$288	57
1125 Bayard St	0.34mi	1/2.0 (-1)	1,032 (+13%)	0mo	$120,000	$116	53
1607 Lemmon St	0.66mi	1/1.0 (-1)	974 (+7%)	1mo	$20,000	$21	52

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: -2.8%
• Equity multiple: 0.90×
• Total profit: $-4,018
• Equity at exit: $20,860

10-year hold

• IRR: 3.1%
• Equity multiple: 1.19×
• Total profit: $7,418
• Equity at exit: $12,096

Cash invested: $39,172 (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: 364
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,755 high
• Mortgage (P&I): −$734
• Tax from tax record: −$222 /mo · $2,662/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$369
• Net cashflow: $373

Break-even live

Break-even rent $1,283

Max offer price $139,900

Occupancy floor 74%

Sensitivity live

Price	-10% $452	-5% $412	+0% $373	+5% $333	+10% $294
Rent	-10% $234	-5% $303	+0% $373	+5% $442	+10% $511
Rate	-1.0pp $443	-0.5pp $408	base $373	+0.5pp $336	+1.0pp $300

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
853 Reinhart St Baltimore, MD	2.0	2.5	780	$1,800	$2.31	44d	1	0.03mi
805 Washington Blvd Unit A Baltimore, MD	2.0	2.0	1050	$1,650	$1.57	44d	1	0.12mi
805 Washington Blvd Unit B Baltimore, MD	2.0	2.0	1106	$1,650	$1.49	21d	1	0.12mi
1163 Washington Blvd Baltimore, MD	2.0	2.5	1012	$1,700	$1.68	13d	1	0.14mi
519 Scott St Unit 1 Baltimore, MD	2.0	2.0	800	$2,000	$2.50	44d	1	0.14mi
1160 Washington Blvd Baltimore, MD	2.0	1.0	960	$1,575	$1.64	25d	1	0.14mi
1127 Sargeant St Baltimore, MD	2.0	1.5	1080	$1,275	$1.18	25d	1	0.15mi
776 Washington Blvd Unit 3F Baltimore, MD	1.0	1.0	800	$1,000	$1.25	44d	1	0.16mi
1142 Sargeant St Baltimore, MD	3.0	2.0	1080	$1,601	$1.48	3d	1	0.17mi
847 McHenry St Baltimore, MD	2.0	2.0	952	$1,795	$1.89	5d	1	0.18mi
923 McHenry St Baltimore, MD	3.0	1.0	1008	$1,625	$1.61	44d	1	0.20mi
1125 Wicomico St Baltimore, MD	3.0	3.0	1068	$1,955	$1.83	25d	1	0.21mi
1215 James St Baltimore, MD	2.0	1.0	960	$1,500	$1.56	44d	1	0.22mi
812 S Paca St Baltimore, MD	3.0	2.0	990	$1,500	$1.52	13d	1	0.26mi
638 S Paca St Unit 2404866494 Baltimore, MD	3.0	1.5	1100	$2,200	$2.00	44d	1	0.32mi
725 W Pratt St Baltimore, MD	1.0	1.0	584	$1,925	$3.29	11d	9	0.36mi
121 S Fremont Ave Baltimore, MD	1.0	1.0	582	$2,100	$3.61	21d	5	0.36mi
657 Dover St Baltimore, MD	1.0	2.0	1080	$1,400	$1.30	13d	1	0.38mi
653 Dover St Baltimore, MD	1.0	1.5	936	$1,500	$1.60	21d	1	0.39mi
1432 Carroll St Baltimore, MD	2.0	1.5	912	$1,900	$2.08	44d	1	0.39mi
305 S Calhoun St Baltimore, MD	2.0	1.0	1000	$1,300	$1.30	23d	1	0.46mi
48 S Carrollton Ave Unit 4 Baltimore, MD	2.0	1.0	670	$1,600	$2.39	44d	1	0.49mi
519 W Pratt St Baltimore, MD	1.0	1.0	576	$1,400	$2.43	3d	2	0.51mi
1324 W Lombard St Unit 1 Baltimore, MD	2.0	2.0	1100	$1,500	$1.36	25d	1	0.53mi
1324 W Lombard St Unit 2 Baltimore, MD	2.0	1.5	1100	$1,450	$1.32	44d	1	0.54mi
1315 Hollins St Unit 2 Baltimore, MD	3.0	2.0	1096	$1,860	$1.70	5d	1	0.55mi
1315 Hollins St Unit 2 Baltimore, MD	3.0	2.0	1096	$1,950	$1.78	13d	1	0.55mi
101 N Schroeder St Baltimore, MD	3.0	1.0–2.0	1037	$2,481	$2.39	3d	12	0.59mi
410 W Lombard St Baltimore, MD	1.0	1.0	611	$1,995	$3.26	2d	4	0.63mi
301 W Lombard St Baltimore, MD	1.0	1.0–2.0	499	$1,775	$3.56	3d	30	0.67mi
28 N Norris St Baltimore, MD	1.0	2.0	700	$1,450	$2.07	44d	1	0.71mi
617 W Lexington St Baltimore, MD	1.0–2.0	1.0	975	$2,200	$2.26	11d	4	0.71mi
11 S Eutaw St Baltimore, MD	1.0–2.0	1.0–2.0	1023	$2,146	$2.10	3d	11	0.72mi
300 W Lombard St Baltimore, MD	2.0	1.0–2.0	686	$1,835	$2.67	3d	7	0.73mi
1 S Eutaw St Unit 1BR Baltimore, MD	1.0	1.0	600	$1,245	$2.08	16d	1	0.73mi
1601 Frederick Ave Unit 3 Baltimore, MD	2.0	1.0	1050	$1,050	$1.00	5d	1	0.75mi
123 W Barre St #112 Baltimore, MD	2.0	1.5	975	$2,200	$2.26	44d	1	0.75mi
300 W Redwood St Baltimore, MD	1.0	1.0	565	$2,400	$4.25	19d	1	0.75mi
311 W Baltimore St #503 Baltimore, MD	1.0	1.0	900	$1,599	$1.78	44d	1	0.76mi
311 W Baltimore St Unit 504 Baltimore, MD	2.0	2.0	1100	$1,999	$1.82	21d	1	0.76mi

Listing history 19 events

1. 2026-06-04
   status $139,900 Pending 27 DOM
2. 2026-06-03
   days on market $139,900 Active 27 DOM
3. 2026-06-02
   days on market $139,900 Active 26 DOM
4. 2026-06-02
   price $139,900 Active 25 DOM
5. 2026-06-01
   days on market $150,000 Active 25 DOM
6. 2026-05-31
   days on market $150,000 Active 24 DOM
7. 2026-05-07
   listed $150,000 Active 607-char remark
8. 2018-03-01
   soldstatus $4,552,396
9. 2010-02-15
   soldstatus $37,250 Sold 407-char remark

   Show marketing remark (407 chars)

   Appeal Taxes! Priced 60% BELOW Assessed value!Great opportunity to own one or 3 in a row as this could be part of a package with 1204 and 1208 W Cross. Currently occupied by tenants on month to month basis. Owner will give 60 days notice to vacate in July. Bring an offer one or all three! Priced to make you money-as a homeowner looking for a good deal or an investor. Appeal Taxes & Rehab - Email LA

10. 2010-02-15
    soldstatus $37,250

    Show marketing remark (407 chars)

    Appeal Taxes! Priced 60% BELOW Assessed value!Great opportunity to own one or 3 in a row as this could be part of a package with 1204 and 1208 W Cross. Currently occupied by tenants on month to month basis. Owner will give 60 days notice to vacate in July. Bring an offer one or all three! Priced to make you money-as a homeowner looking for a good deal or an investor. Appeal Taxes & Rehab - Email LA

11. 2009-10-29
    status Contract 407-char remark

    Show marketing remark (407 chars)

    Appeal Taxes! Priced 60% BELOW Assessed value!Great opportunity to own one or 3 in a row as this could be part of a package with 1204 and 1208 W Cross. Currently occupied by tenants on month to month basis. Owner will give 60 days notice to vacate in July. Bring an offer one or all three! Priced to make you money-as a homeowner looking for a good deal or an investor. Appeal Taxes & Rehab - Email LA

12. 2009-10-29
    historical

    Show marketing remark (407 chars)

    Appeal Taxes! Priced 60% BELOW Assessed value!Great opportunity to own one or 3 in a row as this could be part of a package with 1204 and 1208 W Cross. Currently occupied by tenants on month to month basis. Owner will give 60 days notice to vacate in July. Bring an offer one or all three! Priced to make you money-as a homeowner looking for a good deal or an investor. Appeal Taxes & Rehab - Email LA

13. 2009-08-13
    historical 407-char remark

    Show marketing remark (407 chars)

    Appeal Taxes! Priced 60% BELOW Assessed value!Great opportunity to own one or 3 in a row as this could be part of a package with 1204 and 1208 W Cross. Currently occupied by tenants on month to month basis. Owner will give 60 days notice to vacate in July. Bring an offer one or all three! Priced to make you money-as a homeowner looking for a good deal or an investor. Appeal Taxes & Rehab - Email LA

14. 2009-07-22
    historical Contingent (No Kick Out) 407-char remark

    Show marketing remark (407 chars)

    Appeal Taxes! Priced 60% BELOW Assessed value!Great opportunity to own one or 3 in a row as this could be part of a package with 1204 and 1208 W Cross. Currently occupied by tenants on month to month basis. Owner will give 60 days notice to vacate in July. Bring an offer one or all three! Priced to make you money-as a homeowner looking for a good deal or an investor. Appeal Taxes & Rehab - Email LA

15. 2009-07-22
    historical 407-char remark

    Show marketing remark (407 chars)

    Appeal Taxes! Priced 60% BELOW Assessed value!Great opportunity to own one or 3 in a row as this could be part of a package with 1204 and 1208 W Cross. Currently occupied by tenants on month to month basis. Owner will give 60 days notice to vacate in July. Bring an offer one or all three! Priced to make you money-as a homeowner looking for a good deal or an investor. Appeal Taxes & Rehab - Email LA

16. 2009-07-10
    listed $39,900 Active 407-char remark

    Show marketing remark (407 chars)

    Appeal Taxes! Priced 60% BELOW Assessed value!Great opportunity to own one or 3 in a row as this could be part of a package with 1204 and 1208 W Cross. Currently occupied by tenants on month to month basis. Owner will give 60 days notice to vacate in July. Bring an offer one or all three! Priced to make you money-as a homeowner looking for a good deal or an investor. Appeal Taxes & Rehab - Email LA

17. 2009-07-10
    listed $39,900

    Show marketing remark (407 chars)

    Appeal Taxes! Priced 60% BELOW Assessed value!Great opportunity to own one or 3 in a row as this could be part of a package with 1204 and 1208 W Cross. Currently occupied by tenants on month to month basis. Owner will give 60 days notice to vacate in July. Bring an offer one or all three! Priced to make you money-as a homeowner looking for a good deal or an investor. Appeal Taxes & Rehab - Email LA

18. 2002-05-28
    historical
19. 2002-01-09
    listed

ⓘ 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: $2,662 · $222/mo
• Projected year-2 tax: $2,662 · $222/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: $21,061
• − Mortgage interest: −$7,837
• − Property taxes: −$2,662
• − Insurance: −$700
• − Repairs & maintenance: −$1,685
• − Management: −$1,685
• − Depreciation: −$4,070
• Taxable income: $2,423
• Est. tax owed @ 24.0%: −$582
• After-tax cash flow: $3,891/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

+250.6% since first listed

15 events — show timeline

• 2026-06-03 Pending — BRIGHT MLS
• 2026-06-01 Price Changed $139,900 BRIGHT MLS
• 2026-05-07 Listed $150,000 BRIGHT MLS
• 2018-03-01 Sold (Public Records) $4,552,396 Public Records
• 2010-02-15 Sold (MLS) $37,250 BRIGHT MLS
• 2010-02-15 Sold (MLS) $37,250 MRIS
• 2009-10-29 Pending — MRIS
• 2009-10-29 Listing Removed — BRIGHT MLS
• 2009-08-13 Delisted — MRIS
• 2009-07-22 Contingent — MRIS
• 2009-07-22 Delisted — MRIS
• 2009-07-10 Listed $39,900 MRIS
• 2009-07-10 Listed $39,900 BRIGHT MLS
• 2002-05-28 Delisted — MRIS
• 2002-01-09 Listed — MRIS

Property tax history

+2.6%/yr

Latest (2025): $2,662 · +7.8% YoY. Source: county tax records.