Residential Land with Townhouse
301 NORTHEAST Road Aberdeen, MD 21001
301 NORTHEAST Road, Aberdeen, MD, 21001
$219,333
For Sale
$219,333
MULTI_FAMILY - Cottage - ABERDEEN, MD
Property Size801 SF
Lot Size1.60 Acres
Price / SF$273.82
Days on Market849
Property Features for 301 NORTHEAST Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Parking features
- Off Street, Driveway
- Standard status
- Active
- Size
- 801 SF
- Lot size
- 1.60 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2020
Utilities
- Heating system
- Heat Pump (Heating)
Building Details
- Year built
- 1949
- Number of units
- 1
- Building materials
- Frame
- Architectural style
- Cottage
Listing agency
Weichert, Realtors - Diana Realty
(410) 893-1200
Listed by
Steve R Kuzma · License #29833
(410) 808-1010
Added: Mar 26, 2024 Updated: Jul 9 at 3:02PM Checked: Jul 22 at 12:06PM
MLS# MDHR2030180
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.
Located at 301 NEAST Road in Aberdeen, Maryland, this 1.6-acre residential parcel is zoned R3 (described as high density zoning). The R3 framework supports a mix of housing types, including condos, apartments, or townhouses, and the materials include proposed sketch ideas for up to eight townhouses.
The site also includes a current building that is rented, so showings must be coordinated and tenants should not be disturbed. Bright docs referenced in the listing provide additional detail on the proposed sketches.
For buyers or developers considering a small-scale multifamily or attached housing project, the property’s R3 zoning and the stated maximum of eight townhouses offer a clear planning starting point. Because the existing structure is currently occupied, schedules and access should be arranged through the listing broker to ensure a smooth, tenant-respecting showing process and to support any review of the proposed site concepts.
The site also includes a current building that is rented, so showings must be coordinated and tenants should not be disturbed. Bright docs referenced in the listing provide additional detail on the proposed sketches.
For buyers or developers considering a small-scale multifamily or attached housing project, the property’s R3 zoning and the stated maximum of eight townhouses offer a clear planning starting point. Because the existing structure is currently occupied, schedules and access should be arranged through the listing broker to ensure a smooth, tenant-respecting showing process and to support any review of the proposed site concepts.
Key Highlights
- 1.6‑acre property with R3 high‑density zoning that allows condos, apartments, or townhouses
- R3 zoning supports up to 8 townhouses (see bright docs for proposed sketches)
- Existing building built in 1949 with frame construction
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.9k | $26.04 |
| − Vacancy | −$1.4k | −$1.69 |
| EGI | $19.5k | $24.35 |
| − OpEx | −$8.8k | −$10.96 |
| NOI | $10.7k | $13.39 |
801 SF · lease $26.04/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$153.2K
$134.1K – $178.8K
NOI $10,726 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$281.8K
$246.6K – $328.8K
NOI $19,729 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - A 1.6-acre R3-zoned parcel allowing condos, apartments, or townhouses with sketches for up to eight homes.
Where is this apartment building located?
The property is located at 301 NORTHEAST Road Aberdeen, MD.
What is the asking price?
The asking price for this property is $219,333.
What are key features of this property?
This property features: 1.6‑acre property with R3 high‑density zoning that allows condos, apartments, or townhouses; R3 zoning supports up to 8 townhouses (see bright docs for proposed sketches); Existing building built in 1949 with frame construction
