1207 Myrtle Ave · Baltimore, MD 21217

$200,000

5 bd · 3.5 ba · 1,776 sqft · Townhouse public records · 120 Days on market

Built 1918 $113/sqft · 9% above area Est $183k · 9% over

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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 +29.2/30.0
• DSCR +10.0/10.0
• 1% rule +7.4/10.0
• Rent growth +4.2/5.0
• Livability +3.8/5.0
• ARV discount +3.3/15.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Introducing an exciting opportunity for savvy investors at 1207 Myrtle Ave in the vibrant 21217 zip code! This three-story property features four spacious bedrooms and at least three bathrooms, presenting a blank canvas ready for your vision. The property is being sold as-is, with the rehabilitation process already started but not yet completed. Unforeseen challenges curtailed the project, leaving you the chance to bring it across the finish line and unleash its full potential. Nestled in a neighborhood known for its rich cultural heritage and dynamic community, 21217 offers an array of exciting amenities. Walkable streets lead you to nearby parks, boutique shops, and eclectic dining options, making it an appealing choice for future residents. Enjoy the charm of local coffee shops, art galleries, and vibrant street life that characterize this area, all while being just minutes away from major attractions, museums, and educational institutions. The investment potential in this community is further enhanced by its proximity to public transportation, ensuring easy access to downtown Baltimore and surrounding areas. The diverse neighborhoods nearby provide opportunities for leisure and entertainment, from community events to social gatherings that foster a sense of belonging and vibrancy. Don't miss out on this prime investment opportunity! 1207 Myrtle Ave is waiting for the right visionary to finalize the renovations and breathe new life into this property. With the need for renovation clearly outlined, astute investors can envision the endless possibilities that come with revitalizing this home and creating a centerpiece in a thriving community.

Key facts

• Boutique shops
• Nearby parks
• Local coffee shops

Tags

• REHABILITATION PROCESS STARTED
• WALKABLE STREETS
• NEARBY PARKS
• BOUTIQUE SHOPS
• ECLECTIC DINING OPTIONS
• LOCAL COFFEE SHOPS

What this means for you Summary

Snapshot

• This is a 5-bed/3.5-bath townhouse listed at $200k.

Deal economics

• At list price, monthly cash flow is $698 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $182k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.5% 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 rising fast (+6.6%/yr); 331 active listings in the ZIP; 22 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 $2,478/mo this rent would consume 77% of the median local household income ($38k/yr) (locally 2921% 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.
• At projected returns (-3.0% appreciation + 6.6% rent growth), your $56k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 120 days — a 9% lower offer ($182k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 8y 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 $20k; list at $200k implies a 926% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1918 — 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 $182,000 (9.0% below list)

Questions for the listing agent

1. It's been on market 120 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1918 — 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: 1.24% ✓
• Cap rate: 10.48%
• Cash-on-cash: 14.95%
• DSCR: 1.67
• GRM: 6.7

CMA / ARV

• ARV (median comp): $182,776
• List price: $200,000
• Delta: 9.42%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
754 Dolphin St	0.10mi	5/2.0	1,842 (+4%)	3mo	$164,000	$89	81
1218 Myrtle Ave	0.04mi	5/2.0	1,680 (-5%)	10mo	$75,000	$45	74
256 Waxter Way	0.55mi	4/3.5 (-1)	1,836 (+3%)	0mo	$450,000	$245	63
1041 Brantley Ave	0.26mi	4/1.0 (-1)	1,800 (+1%)	14mo	$80,000	$44	59
900 Argyle Ave	0.26mi	4/3.5 (-1)	2,000 (+13%)	6mo	$240,000	$120	57
1113 Argyle Ave	0.10mi	4/3.0 (-1)	2,040 (+15%)	12mo	$200,000	$98	53
22 Parkin St	0.74mi	4/3.0 (-1)	1,747 (-2%)	6mo	$219,900	$126	50
503 N Paca St	0.54mi	6/3.0 (+1)	1,904 (+7%)	9mo	$340,000	$179	49
1127 N Stricker St	0.58mi	4/2.0 (-1)	1,710 (-4%)	10mo	$170,000	$99	48
1214 W Lanvale St	0.33mi	4/2.0 (-1)	1,580 (-11%)	15mo	$125,000	$79	43
220 W Read St	0.69mi	5/1.5	2,016 (+14%)	5mo	$290,500	$144	33
210 W Read St	0.70mi	4/2.5 (-1)	1,957 (+10%)	13mo	$325,000	$166	30

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 · 6.63% rent growth · sell at horizon

5-year hold

• IRR: 9.3%
• Equity multiple: 1.38×
• Total profit: $21,370
• Equity at exit: $29,821

10-year hold

• IRR: 21.2%
• Equity multiple: 3.09×
• Total profit: $117,148
• Equity at exit: $17,292

Cash invested: $56,000 (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 21217

• Rents YoY: 6.6%
• Active inventory: 331
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $2,478 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$127 /mo · $1,529/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$520
• Net cashflow: $698

Break-even live

Break-even rent $1,594

Max offer price $200,000

Occupancy floor 67%

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1032 W Franklin St Baltimore, MD	4.0	4.5	1913	$2,650	$1.39	23d	1	0.30mi
1628 McCulloh St Unit 2 Baltimore, MD	4.0	2.5	2000	$2,000	$1.00	4d	1	0.51mi
1725 Druid Hill Ave Baltimore, MD	4.0	3.0	2195	$2,100	$0.96	23d	1	0.53mi
1625 Edmondson Ave Unit 1 Baltimore, MD	4.0	3.0	1500	$2,175	$1.45	4d	1	0.65mi
1625 Edmondson Ave Unit 2 Baltimore, MD	4.0	3.0	1500	$1,895	$1.26	12d	1	0.65mi
1315 Presstman St Baltimore, MD	4.0	2.0	1700	$2,000	$1.18	43d	1	0.66mi
922 W Lombard St Baltimore, MD	4.0	2.0	2364	$2,300	$0.97	23d	1	0.76mi
147 W Lafayette Ave Baltimore, MD	4.0	2.5	2400	$3,250	$1.35	43d	1	0.78mi
803 McHenry St Baltimore, MD	4.0	2.5	1856	$2,599	$1.40	3d	1	0.93mi
636 Portland St Baltimore, MD	4.0	2.0	1545	$2,650	$1.72	23d	1	0.95mi
324 Scott St Baltimore, MD	4.0	2.5	1656	$3,000	$1.81	43d	1	0.98mi
819 Ramsay St Baltimore, MD	4.0	3.5	1856	$3,000	$1.62	12d	1	1.00mi
662 Washington Blvd Baltimore, MD	4.0	2.5	1300	$2,700	$2.08	43d	1	1.01mi
610 Scott St Baltimore, MD	5.0	3.0	1700	$2,750	$1.62	12d	1	1.13mi
2505 Woodbrook Ave Baltimore, MD	4.0	2.0	1256	$1,745	$1.39	2d	1	1.17mi
2303 Calverton Heights Ave Baltimore, MD	4.0	2.0	1314	$2,250	$1.71	23d	1	1.18mi
2302 Mount Royal Ter Baltimore, MD	4.0	3.5	2351	$3,000	$1.28	23d	1	1.22mi
311 S Pulaski St Baltimore, MD	5.0	3.0	1450	$2,400	$1.66	3d	1	1.37mi
311 S Pulaski St Baltimore, MD	5.0	3.0	1450	$2,400	$1.66	43d	1	1.37mi
2128 N Pulaski St Baltimore, MD	4.0	3.0	2166	$2,200	$1.02	43d	1	1.47mi
1032 Valley St Baltimore, MD	4.0	2.0	1900	$2,150	$1.13	4d	1	1.47mi
7 W 24th St Unit 1 Baltimore, MD	5.0	2.5	1443	$2,395	$1.66	20d	1	1.48mi

Listing history 22 events

1. 2026-06-18
   days on market $200,000 Active 120 DOM
2. 2026-06-17
   days on market $200,000 Active 119 DOM
3. 2026-06-16
   days on market $200,000 Active 118 DOM
4. 2026-06-15
   days on market $200,000 Active 117 DOM
5. 2026-06-13
   days on market $200,000 Active 115 DOM
6. 2026-06-09
   days on market $200,000 Active 111 DOM
7. 2026-06-08
   days on market $200,000 Active 110 DOM
8. 2026-06-07
   days on market $200,000 Active 109 DOM
9. 2026-06-04
   days on market $200,000 Active 106 DOM
10. 2026-06-03
    days on market $200,000 Active 105 DOM
11. 2026-06-02
    days on market $200,000 Active 104 DOM
12. 2026-06-01
    days on market $200,000 Active 103 DOM
13. 2026-05-31
    days on market $200,000 Active 102 DOM
14. 2026-02-18
    listed $200,000 Active 1672-char remark

    Show marketing remark (1672 chars)

    Introducing an exciting opportunity for savvy investors at 1207 Myrtle Ave in the vibrant 21217 zip code! This three-story property features four spacious bedrooms and at least three bathrooms, presenting a blank canvas ready for your vision. The property is being sold as-is, with the rehabilitation process already started but not yet completed. Unforeseen challenges curtailed the project, leaving you the chance to bring it across the finish line and unleash its full potential. Nestled in a neighborhood known for its rich cultural heritage and dynamic community, 21217 offers an array of exciting amenities. Walkable streets lead you to nearby parks, boutique shops, and eclectic dining options, making it an appealing choice for future residents. Enjoy the charm of local coffee shops, art galleries, and vibrant street life that characterize this area, all while being just minutes away from major attractions, museums, and educational institutions. The investment potential in this community is further enhanced by its proximity to public transportation, ensuring easy access to downtown Baltimore and surrounding areas. The diverse neighborhoods nearby provide opportunities for leisure and entertainment, from community events to social gatherings that foster a sense of belonging and vibrancy. Don't miss out on this prime investment opportunity! 1207 Myrtle Ave is waiting for the right visionary to finalize the renovations and breathe new life into this property. With the need for renovation clearly outlined, astute investors can envision the endless possibilities that come with revitalizing this home and creating a centerpiece in a thriving community.

15. 2019-04-25
    soldstatus $19,500 Closed 240-char remark

    Show marketing remark (240 chars)

    PUBLIC ONSITE AUCTION: Wed, April 3, 2019 @ 12:30PM List Price is Suggested Opening Bid. 3 Story EOG Townhome in Upton. Property is Vacant. 10% Buyer's Premium. Deposit $2,000. For full Terms and Conditions contact the auctioneer~s office.

16. 2019-04-04
    status Pending 240-char remark

    Show marketing remark (240 chars)

    PUBLIC ONSITE AUCTION: Wed, April 3, 2019 @ 12:30PM List Price is Suggested Opening Bid. 3 Story EOG Townhome in Upton. Property is Vacant. 10% Buyer's Premium. Deposit $2,000. For full Terms and Conditions contact the auctioneer~s office.

17. 2019-03-08
    status Active 240-char remark

    Show marketing remark (240 chars)

    PUBLIC ONSITE AUCTION: Wed, April 3, 2019 @ 12:30PM List Price is Suggested Opening Bid. 3 Story EOG Townhome in Upton. Property is Vacant. 10% Buyer's Premium. Deposit $2,000. For full Terms and Conditions contact the auctioneer~s office.

18. 2019-01-15
    status Pending 240-char remark

    Show marketing remark (240 chars)

    PUBLIC ONSITE AUCTION: Wed, April 3, 2019 @ 12:30PM List Price is Suggested Opening Bid. 3 Story EOG Townhome in Upton. Property is Vacant. 10% Buyer's Premium. Deposit $2,000. For full Terms and Conditions contact the auctioneer~s office.

19. 2019-01-08
    status Active 240-char remark

    Show marketing remark (240 chars)

    PUBLIC ONSITE AUCTION: Wed, April 3, 2019 @ 12:30PM List Price is Suggested Opening Bid. 3 Story EOG Townhome in Upton. Property is Vacant. 10% Buyer's Premium. Deposit $2,000. For full Terms and Conditions contact the auctioneer~s office.

20. 2018-08-31
    status Pending 240-char remark

    Show marketing remark (240 chars)

    PUBLIC ONSITE AUCTION: Wed, April 3, 2019 @ 12:30PM List Price is Suggested Opening Bid. 3 Story EOG Townhome in Upton. Property is Vacant. 10% Buyer's Premium. Deposit $2,000. For full Terms and Conditions contact the auctioneer~s office.

21. 2018-08-31
    historical 240-char remark

    Show marketing remark (240 chars)

    PUBLIC ONSITE AUCTION: Wed, April 3, 2019 @ 12:30PM List Price is Suggested Opening Bid. 3 Story EOG Townhome in Upton. Property is Vacant. 10% Buyer's Premium. Deposit $2,000. For full Terms and Conditions contact the auctioneer~s office.

22. 2018-08-09
    listed $15,000 Active 240-char remark

    Show marketing remark (240 chars)

    PUBLIC ONSITE AUCTION: Wed, April 3, 2019 @ 12:30PM List Price is Suggested Opening Bid. 3 Story EOG Townhome in Upton. Property is Vacant. 10% Buyer's Premium. Deposit $2,000. For full Terms and Conditions contact the auctioneer~s office.

ⓘ 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: $1,529 · $127/mo
• Projected year-2 tax: $1,855 · $155/mo
• Expected delta: +$325/yr (+$27/mo · 21.3%)

ⓘ 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: $29,731
• − Mortgage interest: −$11,203
• − Property taxes: −$1,529
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,378
• − Management: −$2,378
• − Depreciation: −$5,818
• Taxable income: $5,424
• Est. tax owed @ 24.0%: −$1,302
• After-tax cash flow: $7,071/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): 30,792
• Household income: $38,409
• Rent vs Own: 70.0% rent · 30.0% own
• Severe rent burden: 2921.0

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 (81%)
• Race & ethnicity: Black 81% White 12% Two or more races 4% Hispanic / Latino 2% Asian 2%
• Common ancestry: Romanian 1% Hispanic 1% Italian 1%
• Foreign-born: 5% · Canada, China, South Korea
• Languages at home: 94% English-only · Spanish 2% French/Haitian/Cajun 1% Chinese 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: ▼ -187.20%
• Current HPI: 104.2102
• Rent YoY: ▲ 6.63%
• 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

+1233.3% since first listed

9 events — show timeline

• 2026-02-18 Listed $200,000 BRIGHT MLS
• 2019-04-25 Sold (MLS) $19,500 BRIGHT MLS
• 2019-04-04 Pending — BRIGHT MLS
• 2019-03-08 Relisted — BRIGHT MLS
• 2019-01-15 Pending — BRIGHT MLS
• 2019-01-08 Relisted — BRIGHT MLS
• 2018-08-31 Pending — BRIGHT MLS
• 2018-08-31 Listing Removed — BRIGHT MLS
• 2018-08-09 Listed $15,000 BRIGHT MLS

Property tax history

+6.3%/yr

Latest (2025): $1,529 · +1.4% YoY. Source: county tax records.