Renovated Duplex with Barn
For Sale
$576,000
104 FRANKLIN Avenue, Berlin, MD 21811
Multi-Family, BERLIN, MD
Property Size1,936 SF
Lot Size0.35 Acres
Price / SF$297.52
Days on Market145
Property Features for 104 FRANKLIN Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Dining Room
Parking
8
Parking features
Driveway, On Street
Interior features
Attic, Bathroom - Tub Shower, Carpet, Ceiling Fan(s), Combination Dining/Living, Entry Level Bedroom, Flat, Recessed Lighting
Appliances
Built-In Microwave, Dishwasher, Disposal, Dryer, Icemaker, Oven/Range - Electric, Refrigerator, Washer, WaterHeater
Subdivision
NONE AVAILABLE
Elementary school
BUCKINGHAM
Middle school
BERLIN INTERMEDIATE SCHOOL
High school
STEPHEN DECATUR
Elementary school district
WORCESTER COUNTY PUBLIC SCHOOLS
Middle school district
WORCESTER COUNTY PUBLIC SCHOOLS
High school district
WORCESTER COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
1,936 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Annual Amount
4816
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump, Ceiling Fan(s), Central Air
Amenities
storage section in barn/shed
Building Details
Year built
1940
Number of units
2
Building materials
Shake Siding, Vinyl Siding
Architectural style
National
Listing Agency:
Hileman Real Estate-Berlin
Listed By:
Debora H Hileman
(410) 208-9200
Added: May 15
Changed: Oct 5
Last Checked: Oct 6 at 5:06AM
MLS# MDWO2038576
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 1,936 square feet with one three-bedroom, one-bath apartment on each level. Both residences were renovated within the past 10 years and include separate storage areas in the barn or shed. Interior features include combination living and dining areas, entry-level bedrooms, ceiling fans, recessed lighting, and attic space. Each apartment is equipped with a kitchen appliance package, in-unit laundry equipment, heat pump heating and cooling, and central air.
The property occupies 0.3461 acres in Berlin, Maryland, with mature shade trees and a rear yard. The driveway accommodates over eight vehicles, with additional on-street parking available. Shops, restaurants, and the town’s year-round events are within walking distance. Both units are fully leased.
The property occupies 0.3461 acres in Berlin, Maryland, with mature shade trees and a rear yard. The driveway accommodates over eight vehicles, with additional on-street parking available. Shops, restaurants, and the town’s year-round events are within walking distance. Both units are fully leased.
Key Highlights
- Duplex with 1,936 square feet of property size
- Two three‑bedroom, one‑bath apartments
- 0.3461‑acre lot with mature shade trees and rear yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,308
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,160
$406.2K
Cap Rate 7%
$290,114
$290.1K
Cap Rate 9%
$225,644
$225.6K
Market Conditions
NOI Build-Up for 1,936 SF
Gross rent
$31.4K $16.20/SF
− Vacancy
−$2.4K −$1.22/SF
EGI
$29.0K $14.99/SF
− OpEx
−$8.7K −$4.50/SF
NOI
$20.3K $10.49/SF
Area
Worcester County, MD
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,160
Cap Rate 7%
$290,114
Cap Rate 9%
$225,644
Alternative Uses
Best Use
Multifamily LT 5
$290.1K
$253.9K – $338.5K
NOI $20,308 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$260.3K
$227.8K – $303.7K
NOI $18,220 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$465.2K
$407.1K – $542.8K
NOI $32,567 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
872
Businesses Nearby
Explore this area
Business Placement
Demographics for 21811, MD
23,907
Population
15,439
Households
1.5
Avg Household Size
52
Median Age
36%
College-Educated
94%
High-School Grad
101.5 sq mi
ZIP Area
236
Density / Sq Mi
$91,293
Median Household Income
$49,929
Median Earnings
$1,398
Median Rent
$362,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two fully leased apartments provide a renovated residential income property with private storage and substantial off-street parking.
Where is this duplex located?
The property is located at 104 FRANKLIN Avenue Berlin, MD.
What is the asking price?
The asking price for this property is $576,000.
What are key features of this property?
This property features: Duplex with 1,936 square feet of property size; Two three‑bedroom, one‑bath apartments; 0.3461‑acre lot with mature shade trees and rear yard
