Residential Land with Townhouse
For Sale
$219,333
301 NORTHEAST Road, Aberdeen, MD 21001
Multi-Family, ABERDEEN, MD
Property Size801 SF
Lot Size1.60 Acres
Price / SF$273.82
Days on Market925
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
Elementary school district
HARFORD COUNTY PUBLIC SCHOOLS
Middle school district
HARFORD COUNTY PUBLIC SCHOOLS
High school district
HARFORD COUNTY PUBLIC SCHOOLS
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
Changed: Sep 13
Last Checked: Oct 6 at 2:06AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,726
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,520
$214.5K
Cap Rate 7%
$153,229
$153.2K
Cap Rate 9%
$119,178
$119.2K
Market Conditions
NOI Build-Up for 801 SF
Gross rent
$20.9K $26.04/SF
− Vacancy
−$1.4K −$1.69/SF
EGI
$19.5K $24.35/SF
− OpEx
−$8.8K −$10.96/SF
NOI
$10.7K $13.39/SF
Area
Harford County, MD
Vacancy
6.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,520
Cap Rate 7%
$153,229
Cap Rate 9%
$119,178
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 authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Explore this area
Business Placement
Demographics for 21001, MD
25,714
Population
11,010
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
30.0 sq mi
ZIP Area
857
Density / Sq Mi
$81,778
Median Household Income
$49,765
Median Earnings
$1,391
Median Rent
$267,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - A 1.6-acre R3-zoned parcel allowing condos, apartments, or townhouses with sketches for up to eight homes.
Where is this single family property 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
