2326 Sidney Ave · Baltimore, MD 21230

$140,000

2 bd · 1.0 ba · 1,120 sqft · Townhouse public records · 51 Days on market

Built 1920 $125/sqft · 130% above area

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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
• DSCR +10.0/10.0
• 1% rule +9.8/10.0
• ARV discount +7.5/15.0
• 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

This is your opportunity to get in on the ground floor of an up and coming area. 2323 Sidney and 2235 Annapolis rd are also available.

Key facts

• Built 1920
• Listed 50 days

Property features AI

Finance

• Other: Lease not considered
• Financial info: Ownership: Fee simple; Improvement assessed value listed; Land assessed value listed; Tax and assessment details available

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Electric cooling fuel; Natural gas heating and hot water
• Home design: Interior townhouse/rowhouse; Above-grade finished area approximately 1,120 sq ft; Below-grade area (unfinished) approximately 672 sq ft
• Construction: Brick construction; Concrete perimeter foundation; Other structures both above grade and below grade
• Exterior features: Not in a federal flood zone; Ground rent paid annually; Pets allowed with no restrictions; Property is in city limits (Baltimore City); Directions: 295 to Westport exit, turn on Kent St, then Sidney

Interior

• Bedrooms: 2 bedrooms on the first upper level
• Bathrooms: 1 full bathroom on the first upper level; 1 half bathroom on the main level; Total: 1 full, 1 half
• Heating & cooling: Forced air heating (natural gas); Central air conditioning (electric); Natural gas hot water
• Interior features: Dining area; Basement (Other)

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 $803 ($10k/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: $136k (3.0% below list) — sets the bar for market timing.
• Cap rate 13.2% 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 25d 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 $968 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $39k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 28y 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 $45k; list at $140k implies a 211% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — 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 $135,800 (3.0% below list)

Questions for the listing agent

1. It's been on market 51 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 1920 — 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: 1.48% ✓
• Cap rate: 13.18%
• Cash-on-cash: 24.58%
• DSCR: 2.09
• GRM: 5.6

CMA / ARV

• ARV (median comp): $60,867
• List price: $140,000
• Delta: 130.01%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2318 Sidney Ave	0.01mi	3/1.0 (+1)	1,120 (0%)	2mo	$72,500	$65	93
2316 Cedley St	0.05mi	3/2.0 (+1)	1,144 (+2%)	4mo	$140,000	$122	82
2405 Westport St	0.14mi	2/2.0	1,200 (+7%)	0mo	$75,000	$63	77
2113 Sidney Ave	0.17mi	3/1.0 (+1)	1,260 (+12%)	2mo	$72,500	$58	64
2521 S Paca St	0.62mi	3/1.5 (+1)	1,152 (+3%)	1mo	$30,000	$26	58
2630 Alaska St	0.30mi	3/1.5 (+1)	1,008 (-10%)	7mo	$85,000	$84	56
2625 Waterview Ave	0.33mi	3/1.0 (+1)	1,260 (+12%)	6mo	$94,200	$75	54
2619 Northshire Dr	0.63mi	3/1.0 (+1)	1,024 (-9%)	2mo	$145,000	$142	49
2628 Northshire Dr	0.64mi	3/1.0 (+1)	1,024 (-9%)	4mo	$175,000	$171	48
2639 Northshire Dr	0.62mi	3/2.0 (+1)	1,024 (-9%)	5mo	$120,000	$117	44
2839 Hinsdale Dr	0.73mi	3/1.0 (+1)	1,024 (-9%)	4mo	$152,000	$148	43
2836 Hinsdale Dr	0.74mi	3/1.0 (+1)	1,024 (-9%)	8mo	$140,000	$137	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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 14.7%
• Equity multiple: 1.57×
• Total profit: $22,347
• Equity at exit: $20,874

10-year hold

• IRR: 21.3%
• Equity multiple: 2.57×
• Total profit: $61,689
• Equity at exit: $12,105

Cash invested: $39,200 (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: 5.6×

Monthly cashflow live

• Estimated rent: $2,067 high
• Mortgage (P&I): −$734
• Tax from tax record: −$37 /mo · $446/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$434
• Net cashflow: $803

Break-even live

Break-even rent $1,050

Max offer price $140,000

Occupancy floor 56%

Sensitivity live

Price	-10% $882	-5% $843	+0% $803	+5% $763	+10% $724
Rent	-10% $640	-5% $721	+0% $803	+5% $885	+10% $966
Rate	-1.0pp $873	-0.5pp $839	base $803	+0.5pp $767	+1.0pp $730

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2056 Griffis Ave Baltimore, MD	3.0	1.5	1230	$1,495	$1.22	22d	1	0.84mi
2454 Terra Firma Rd Brooklyn, MD	3.0	1.0	1024	$1,650	$1.61	15d	1	0.86mi
607 Cheraton Rd Brooklyn, MD	3.0	3.0	1200	$1,750	$1.46	15d	1	0.91mi
1931 Griffis Ave Baltimore, MD	2.0	1.0	912	$1,349	$1.48	5d	1	0.95mi
2200 W Patapsco Ave Baltimore, MD	3.0	1.0	890	$1,569	$1.76	44d	1	0.97mi
2429 Washington Blvd Baltimore, MD	1.0	1.0	940	$600	$0.64	24d	1	1.00mi
3004 Elizabeth Ave Unit 1 Baltimore, MD	3.0	1.0	1024	$1,395	$1.36	5d	1	1.03mi
2745 Round Rd Brooklyn, MD	2.0	2.0	756	$1,800	$2.38	44d	1	1.05mi
3017 Janice Ave Baltimore, MD	3.0	1.0	1024	$1,995	$1.95	24d	1	1.06mi
2868 Potee St Baltimore, MD	1.0–3.0	1.0	720	$1,392	$1.93	3d	22	1.07mi
1900 S Hanover St Baltimore, MD	3.0	1.0–2.0	875	$3,119	$3.56	2d	66	1.09mi
111 W Heath St Baltimore, MD	2.0	1.0–2.5	1263	$2,850	$2.26	4d	7	1.10mi
2500 Insulator Dr Baltimore, MD	3.0	1.0–2.0	988	$3,816	$3.86	3d	152	1.10mi
1746 S Hanover St Baltimore, MD	3.0	2.0	1490	$2,700	$1.81	12d	1	1.13mi
1432 Carroll St Baltimore, MD	2.0	1.5	912	$1,900	$2.08	44d	1	1.13mi
2600 W Patapsco Ave Baltimore, MD	1.0–2.0	1.0	856	$1,309	$1.53	3d	24	1.14mi
1718 S Hanover St Baltimore, MD	2.0	2.5	1296	$2,700	$2.08	24d	1	1.14mi
1516 Clarkson St Baltimore, MD	2.0	1.5	1050	$1,795	$1.71	24d	1	1.18mi
1608 S Hanover St Baltimore, MD	3.0	3.5	1346	$3,000	$2.23	18d	1	1.19mi
1839 S Charles St Baltimore, MD	3.0	2.5	1238	$2,600	$2.10	44d	1	1.19mi
1815 S Charles St Baltimore, MD	2.0	2.0	1208	$2,100	$1.74	44d	1	1.20mi
1403 Race St Baltimore, MD	3.0	3.0	1008	$2,200	$2.18	44d	1	1.21mi
1601 S Hanover St Apt 1R Baltimore, MD	2.0	1.0	900	$1,600	$1.78	3d	1	1.21mi
1942 Light St Baltimore, MD	2.0	2.5	1150	$2,200	$1.91	22d	1	1.23mi
1125 Wicomico St Baltimore, MD	3.0	3.0	1068	$1,955	$1.83	24d	1	1.23mi
1108 Sterrett St Baltimore, MD	2.0	1.0	1400	$2,300	$1.64	24d	1	1.24mi
1631 S Charles St Baltimore, MD	2.0	3.0	1460	$2,607	$1.79	5d	1	1.24mi
126 Burnett St Baltimore, MD	2.0	2.5	984	$2,200	$2.24	24d	1	1.25mi
1205 Cleveland St Baltimore, MD	2.0	2.0	1232	$1,900	$1.54	44d	1	1.25mi
8 E Randall St Baltimore, MD	2.0	2.5	1148	$2,600	$2.26	5d	1	1.29mi
1710 Marshall St Baltimore, MD	2.0	1.0	1110	$2,500	$2.25	44d	1	1.29mi
511 Seagull Ave Brooklyn, MD	2.0	1.0	756	$1,550	$2.05	24d	1	1.30mi
1503 S Charles St Unit 2 Baltimore, MD	2.0	2.0	1100	$2,375	$2.16	44d	1	1.30mi
1259 Washington Blvd Baltimore, MD	3.0	3.0	1232	$2,999	$2.43	5d	1	1.30mi
1312 S Hanover St Apt 3 Baltimore, MD	2.0	1.0	750	$2,200	$2.93	44d	1	1.30mi
49 E Heath St Baltimore, MD	2.0	1.5	858	$1,800	$2.10	12d	1	1.30mi
1243 Washington Blvd Baltimore, MD	3.0	2.0	1148	$1,950	$1.70	44d	1	1.31mi
1127 S Carey St Baltimore, MD	3.0	2.5	1340	$1,900	$1.42	5d	1	1.31mi
130 Reedbird Ave Brooklyn, MD	2.0	1.0	1152	$1,700	$1.48	24d	1	1.31mi
1132 Nanticoke St Baltimore, MD	2.0	2.5	1500	$1,875	$1.25	24d	1	1.32mi

Listing history 33 events

1. 2026-06-21
   days on market $140,000 Active 51 DOM
2. 2026-06-18
   days on market $140,000 Active 48 DOM
3. 2026-06-17
   days on market $140,000 Active 47 DOM
4. 2026-06-16
   days on market $140,000 Active 46 DOM
5. 2026-06-15
   days on market $140,000 Active 45 DOM
6. 2026-06-13
   days on market $140,000 Active 43 DOM
7. 2026-06-09
   days on market $140,000 Active 39 DOM
8. 2026-06-08
   days on market $140,000 Active 38 DOM
9. 2026-06-07
   days on market $140,000 Active 37 DOM
10. 2026-06-04
    days on market $140,000 Active 34 DOM
11. 2026-06-03
    days on market $140,000 Active 33 DOM
12. 2026-06-02
    days on market $140,000 Active 32 DOM
13. 2026-06-01
    days on market $140,000 Active 31 DOM
14. 2026-05-31
    days on market $140,000 Active 30 DOM
15. 2026-05-01
    listed $140,000 Active 1250-char remark
16. 2026-05-01
    historical $140,000 1250-char remark
17. 2024-09-19
    soldstatus $45,000
18. 2016-11-18
    soldstatus $44,000 134-char remark

    Show marketing remark (134 chars)

    This is your opportunity to get in on the ground floor of an up and coming area. 2323 Sidney and 2235 Annapolis rd are also available.

19. 2016-11-18
    soldstatus $44,000 Sold

    Show marketing remark (134 chars)

    This is your opportunity to get in on the ground floor of an up and coming area. 2323 Sidney and 2235 Annapolis rd are also available.

20. 2016-09-08
    status Contract

    Show marketing remark (134 chars)

    This is your opportunity to get in on the ground floor of an up and coming area. 2323 Sidney and 2235 Annapolis rd are also available.

21. 2016-06-28
    listed $42,900 Active

    Show marketing remark (134 chars)

    This is your opportunity to get in on the ground floor of an up and coming area. 2323 Sidney and 2235 Annapolis rd are also available.

22. 2006-06-19
    soldstatus $52,000
23. 2004-03-28
    historical
24. 2004-02-17
    listed
25. 2002-10-18
    soldstatus $12,250
26. 2002-09-17
    historical
27. 2002-07-19
    listed $15,900
28. 1999-11-22
    soldstatus $55,000
29. 1999-07-20
    soldstatus $8,000
30. 1999-07-02
    historical
31. 1999-05-26
    historical
32. 1999-05-09
    listed $8,900
33. 1998-12-15
    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: $446 · $37/mo
• Projected year-2 tax: $986 · $82/mo
• Expected delta: +$540/yr (+$45/mo · 121.0%)

ⓘ 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 8/10 Severe 7 d/yr ≥102°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: $24,800
• − Mortgage interest: −$7,842
• − Property taxes: −$446
• − Insurance: −$700
• − Repairs & maintenance: −$1,984
• − Management: −$1,984
• − Depreciation: −$4,073
• Taxable income: $7,771
• Est. tax owed @ 24.0%: −$1,865
• After-tax cash flow: $7,771/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

+1473.0% since first listed

19 events — show timeline

• 2026-05-01 Listed $140,000 BRIGHT MLS
• 2026-05-01 Coming Soon $140,000 BRIGHT MLS
• 2024-09-19 Sold (Public Records) $45,000 Public Records
• 2016-11-18 Sold (MLS) $44,000 MRIS
• 2016-11-18 Sold (MLS) $44,000 BRIGHT MLS
• 2016-09-08 Pending — MRIS
• 2016-06-28 Listed $42,900 MRIS
• 2006-06-19 Sold (Public Records) $52,000 Public Records
• 2004-03-28 Delisted — MRIS
• 2004-02-17 Listed — MRIS
• 2002-10-18 Sold (MLS) $12,250 MRIS
• 2002-09-17 Delisted — MRIS
• 2002-07-19 Listed $15,900 MRIS
• 1999-11-22 Sold (Public Records) $55,000 Public Records
• 1999-07-20 Sold (MLS) $8,000 MRIS
• 1999-07-02 Delisted — MRIS
• 1999-05-26 Delisted — MRIS
• 1999-05-09 Listed $8,900 MRIS
• 1998-12-15 Listed — MRIS

Property tax history

-4.9%/yr

Latest (2025): $446 · +0.0% YoY. Source: county tax records.