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    Elkton, MD
    Apartment Building

    Elkton, MD Apartment Buildings for Sale

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    Newark, DE North East, MD Bear, DE Chesapeake City, MD Williamstown, NJ Charlestown, MD Oxford, PA Middletown, DE
    Five-Unit Apartment Building
    Updated: Aug 26
    Five-Unit Apartment Building

    203 Main St, Elkton, MD 21921

    $399,999
    3,740 sqft
    Five apartment units, each with 1 bedroom and 1 bathroom
    3,740 SF building constructed in 1930
    Fully occupied with month‑to‑month tenants
    Certified lead free
    Residents pay their own Delmarva utility costs
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    This listing looks promising.

    Here's a quick look at some key insights for

    203 Main St, Elkton, MD 21921

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    • Est. Cap Rate

      8.2%
      Above avg (5.9%)

    • Est. NOI

      $33K
      Annual

    • Mortgage

      $350K
      Mar 2025

    • Last Sold

      Mar 2025
      $320K

    • Property Type

      Residential Income
      Built 1900
    View Property Analytics
    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 1 Active listings in Elkton, MD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Apartment Building Portfolio on Two Parcels
    Apartment Building Portfolio on Two Parcels

    8831 Gap Newport Pike, Avondale, PA 19311

    $1,599,000
    17,000 sqft 2.40 AC lot

    Ten-unit apartment complex across five buildings with separate entrances and attached garages for multiple units.

    View details
    Multifamily Rental Portfolio with 10 Units
    Multifamily Rental Portfolio with 10 Units

    8831 Gap Newport Pike, Avondale, PA 19311

    $1,649,000
    2.40 AC lot

    Two parcels totaling about 2.4 acres offer 10 rental units in five buildings, with ample parking on-site.

    View details
    Student Housing Apartment Building
    Student Housing Apartment Building

    153 Courtney St, Newark, DE 19711

    Contact for pricing
    40,196 sqft 0.51 AC lot

    Two-story off-campus residence positioned directly across from the University of Delaware.

    View details
    Approved Mixed-Use Redevelopment Property
    Approved Mixed-Use Redevelopment Property

    1501 Casho Mill Rd, Newark, DE 19711

    Contact for pricing

    City-approved plans support a three-story building with ground-floor office space and upper-level apartments.

    View details

    Off-Market Properties in Elkton, MD

    Consider similar Off-Market properties in Elkton, MD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    271 Cherry Hl Rd
    APARTMENT HOUSE (5+ UNITS)

    271 Cherry Hl Rd, Elkton, MD 21921

    $735,000
    Estimated value
    6,672 sqft 0.30 AC lot
    View details
    728 Pulaski Hwy
    APARTMENT HOUSE (5+ UNITS)

    728 Pulaski Hwy, Elkton, MD 21921-4703

    Value Estimation by Request
    2,280 sqft 3.05 AC lot
    View details
    718 Pulaski Hwy
    APARTMENT HOUSE (5+ UNITS)

    718 Pulaski Hwy, Elkton, MD 21921-4746

    $245,000
    Estimated value
    2,894 sqft 2.40 AC lot
    View details

    Elkton, MD Apartment Buildings Market Trends and Statistics

    Explore 4 apartment buildings for sale in Elkton, MD on our real estate platform. These investment opportunities span a total of 3,740 square feet of properties for sale, with an estimated market value of $399,999.

    Sale prices for two-family homes in Elkton, MD average $399,999 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 46K
    Population Growth (5Y) +1.8%
    Median Household Income $84,608
    College Educated 18.7%

    High-Yield Neighborhoods for Investment

    Identify Elkton submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    21921 $400K

    Taxes & Financing

    Tax Rate (average for all types) 1.21%
    Property Tax per SF $27.84 per SF
    Tax Rate vs County Average 0.19 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cecil County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Elkton fall within the 10,000 to 25,000 square foot range.

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