Renovated Triplex Income
322 E CECIL Avenue North East, MD 21901
322 E CECIL Avenue, North East, MD, 21901
$899,500
For Sale
$899,500
MULTI_FAMILY - Other - NORTH EAST, MD
Property Size2,984 SF
Lot Size0.38 Acres
Price / SF$301.44
Days on Market9
Property Features for 322 E CECIL Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 10
- Parking features
- Parking Lot
- Standard status
- Active
- Size
- 2,984 SF
- Lot size
- 0.38 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4735
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Number of units
- 1
- Building materials
- Vinyl Siding
- Architectural style
- Other
Listing Agency
Integrity Real Estate
(410) 287-8080
121 S Main Street, NORTH EAST, MD
Listed by
Carolyn Quelly · License #675768
(267) 374-6963
Added: Jul 10 Checked: Jul 18 at 10:06 am
MLS# MDCC2021684
Listing URL
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 renovated triplex includes three separate residential units designed for independent operation. The two lower units each offer 2 bedrooms and 1.5 bathrooms with a full kitchen, dining area, and living room. One lower unit includes accessibility features such as a step-free entry ramp, wider doorways, and 36-inch hallways. The upper unit has 4 bedrooms, 2 full bathrooms, an eat-in kitchen, and a generous living room, accessed via a private exterior rear staircase.
Updates include major mechanical systems, appliances, and interior finishes throughout, along with a brand-new property-wide fire sprinkler system and a Maryland Lead-Free Certificate. Each unit is independently equipped with in-unit laundry, a dedicated electrical meter/panel, and separate water heater and HVAC systems, supporting tenant convenience and simplified management.
Located at 322 E Cecil Avenue in North East, Maryland, the property is offered for sale in Cecil County.
Updates include major mechanical systems, appliances, and interior finishes throughout, along with a brand-new property-wide fire sprinkler system and a Maryland Lead-Free Certificate. Each unit is independently equipped with in-unit laundry, a dedicated electrical meter/panel, and separate water heater and HVAC systems, supporting tenant convenience and simplified management.
Located at 322 E Cecil Avenue in North East, Maryland, the property is offered for sale in Cecil County.
Key Highlights
- Renovated 3‑unit triplex (1920) with vinyl siding, heat pump heating, and central air
- All‑new, property‑wide fire sprinkler system and a Maryland Lead‑Free Certificate
- Two separate lower units: each has 2 bedrooms, 1.5 baths, full kitchen, dining area, and living room
Local Financial Insights For Multifamily LT 5
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 | $45.8k | $15.36 |
| − Vacancy | −$3.4k | −$1.15 |
| EGI | $42.4k | $14.21 |
| − OpEx | −$12.7k | −$4.26 |
| NOI | $29.7k | $9.95 |
2,984 SF · lease $15.36/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$424.0K
$371.0K – $494.6K
NOI $29,678 @ 7.0% cap · market cap 3.30%
Second Best
Apartment 5plus
$373.5K
$326.9K – $435.8K
NOI $26,148 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.11M
$968.3K – $1.29M
NOI $77,464 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Renovated triplex with three independently equipped units, including in-unit laundry and separate utilities.
Where is this triplex located?
The property is located at 322 E CECIL Avenue North East, MD.
What is the asking price?
The asking price for this property is $899,500.
What are key features of this property?
This property features: Renovated 3‑unit triplex (1920) with vinyl siding, heat pump heating, and central air; All‑new, property‑wide fire sprinkler system and a Maryland Lead‑Free Certificate; Two separate lower units: each has 2 bedrooms, 1.5 baths, full kitchen, dining area, and living room
