Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    227/229 N Brown St Fruitland, MD 21826

    Sponsored
    For Sale
    $455,000

    MULTI_FAMILY - Cape Cod - FRUITLAND, MD

    Property size:
    2,274 SF
    Lot size:
    0.28 Acres
    Days on Market:
    175
    Last Refresh:
    Feb 19 at 5:06 pm

    Property Features for 227/229 N Brown St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking features
    On Street, Driveway
    Size
    2,274 SF
    Lot size
    0.28 Acres

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Heat Pump

    Building Details

    Year built
    2009
    Number of units
    2
    Building materials
    Combination
    Architectural style
    Cape Cod

    We can help!

    Listing Contact
    Andrew Ball
    Andrew Ball

    SVN/Miller Commercial Real Estate (410) 543-2440

    Listing agent Andrew Ball (410) 543-2440 License #36569

    Listing date Aug 29, 2025

    MLS# MDWC2018048

    Copyright © 2025 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.

    Learn more

    Property Insight Report

    Overview

    Fruitland Duplex: Investment Opportunity

    This 2,274 square foot duplex in Fruitland, MD, presents an investment opportunity in a strong rental market. The property consists of two units, each featuring three bedrooms and three bathrooms. Both units are currently rented for the 2025/2026 school year. The property generates a rental income of $41,400 and a Net Operating Income (NOI) of $31,093.47. The units are reported to be in great condition with no deferred maintenance required. Tenants are responsible for all utilities, including water and sewer. The lease agreements are structured to allow the landlord 12 days for unit turnover while rent is still being paid. The property is situated on a 0.28-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fruitland
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.61021599
    Latitude
    38.31758308

    Nearby Similar for Sale

    • Contact for pricing
      36,800 SF

      Modern Industrial Building with Office

      Modern industrial building with office space and high ceilings.
      402 S Brown St, Fruitland, MD 21826
      View Details
    • $449,000
      8,000 SF

      Fruitland Flex Space For Sale

      Flex space property featuring kitchenettes and reception area.
      105 N Dulany Ave, Fruitland, MD 21826
      View Details
    • $299,900

      Fruitland Specialty Property For Sale

      Specialty property available for purchase in Fruitland, Maryland.
      518 Clyde Ave, Fruitland, MD 21826
      View Details
    • $399,900

      Specialty Property For Sale

      Specialty property available for purchase.
      208 Ringgold Rd, Fruitland, MD 21826
      View Details
    • $224,900

      Fruitland Specialty Property For Sale

      Specialty property available for purchase in Fruitland, Maryland.
      209 W Main St, Fruitland, MD 21826
      View Details
    • $185,000

      Fruitland Specialty Property for Sale

      Specialty property available for purchase in Fruitland, Maryland.
      110 Moore Ave, Fruitland, MD 21826
      View Details
    • $315,000

      Fruitland Specialty Property for Sale

      Specialty property available in Fruitland, Maryland.
      415 Creekside Trl, Fruitland, MD 21826
      View Details
    • $389,900

      HOLLY HILL Ct, Fruitland, MD

      Specialty property for sale in Fruitland, Maryland.
      126 Holly Hill Ct, Fruitland, MD 21826
      View Details
    • $424,900

      Specialty Property For Sale

      Specialty property available for purchase.
      104 Horsetail Ct, Fruitland, MD 21826
      View Details
    • Contact for pricing
      4.78 Acres

      Fruitland Commercial Land & Buildings

      High-visibility land, warehouses available.
      225 Moonglow Rd, Fruitland, MD 21826
      View Details
    • Contact for pricing

      Fruitland Retail Space - Prime Location

      High-traffic retail space, excellent visibility.
      104 Cedar Ln, Fruitland, MD 21826
      View Details
    • Contact for pricing
      4.38 Acres

      Fruitland Industrial Land Lease

      4.38-acre heavy industrial parcel, lease options available.
      28422 Old Eden Rd, Fruitland, MD 21822
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit duplex in Fruitland, MD with strong rental income.
    Where is this duplex located?
    The property is located at 227/229 N Brown St Fruitland, MD.
    What is the asking price?
    The asking price for this property is $455,000.
    What are key features of this property?
    This property features: - High Rental Income and Net Operating Income: Expect $41,400 rental income and $31,093.47 NOI.; - Strong Rental Market with Untapped Potential: Market rent is $75-$100 higher per bedroom, presenting an opportunity to increase revenue.; - Two Well-Maintained Units: Both units are in great condition with no deferred maintenance.
    (410) 543-2440
    Request Owner's contact information
    227/229 N Brown St Fruitland, MD 21826
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    227/229 N Brown St
    Fruitland, MD 21826
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    227/229 N Brown St Fruitland, MD 21826
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Andrew Ball
    Andrew Ball
    Real Estate License ID: #36569
    (410) 543-2440 (410) 422-3672 (410) 749-1818
    Learn more
    Google sign-in failed. Please try again or use another login method.