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    Delmar Duplex: Investment Opportunity

    5 W CHESTNUT Street Delmar, MD 21875

    Claim this Listing
    For Sale
    $219,900

    MULTI_FAMILY - Cape Cod - DELMAR, MD

    Property size:
    1,386 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $158/SF
    Added:
    Apr 22, 2026
    Days on Market:
    82
    Last Refresh:
    Jul 12 at 4:06 am

    Property Features for 5 W CHESTNUT Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Off Street
    Appliances
    Dishwasher, Oven/Range - Electric, Refrigerator
    Standard status
    Active
    Size
    1,386 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1843

    Utilities

    Heating system
    Baseboard, Electric (Heating)

    Building Details

    Year built
    1989
    Number of units
    2
    Building materials
    Vinyl Siding
    Architectural style
    Cape Cod

    Listing agent Colby B Phippin License #672504

    Listing office Whitehead Real Estate Exec. 1325 Mount Hermon Road unit: Suite 11A, Salisbury, MD

    Listing date Apr 22, 2026

    MLS# MDWC2022592 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 duplex in Delmar presents a solid, low-maintenance investment opportunity. Constructed in 1989, the property includes a 2-bedroom, 1-bathroom unit on the first floor and a 1-bedroom, 1-bathroom unit on the second floor. Both units are currently rented with established tenants, providing immediate cash flow. The property features vinyl siding, a newer roof, and double-pane windows. Situated on a 0.2-acre lot, the building has a total area of 1386 square feet. Separate electric meters are in place. Tenants are responsible for water, sewer, electric, and internet, which keeps owner expenses low. No lead certification is required.

    Key Highlights

    • Duplex built in 1989 with a 2 bed / 1 bath unit (first floor) and a 1 bed / 1 bath unit (second floor)
    • Both units are fully rented with established tenants in place
    • Separate electric meters in place

    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 $26.3k $18.96
    − Vacancy −$999 −$0.72
    EGI $25.3k $18.24
    − OpEx −$7.6k −$5.47
    NOI $17.7k $12.77
    1,386 SF · lease $18.96/SF/yr · vacancy 3.80% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $252.8K
    $221.2K – $294.9K (±1% cap)
    NOI $17,696 @ 7.0% cap · market cap 8.05%
    Second Best
    Apartment 5plus
    $233.3K
    $204.2K – $272.2K (±1% cap)
    NOI $16,334 @ 7.0% cap · market cap 7.43%
    Theoretical Best
    Office A
    $484.8K
    $424.2K – $565.6K (±1% cap)
    NOI $33,938 @ 7.0% cap · market cap 15.43%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Crystal's Daycare Daycare Center DEEMANNGAMING Arcade & Gaming Center

    Suggested Use

    Real Estate Agency Dental Office Auto Parts Store HVAC Service Barber Shop Carpet & Flooring Store Cafe & Coffee Shop Butcher Home Appliance Store Veterinary Clinic

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

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    FAQs

    What type of property is this?
    Duplex - Low-maintenance duplex in Delmar with established tenants and immediate cashflow.
    Where is this duplex located?
    The property is located at 5 W CHESTNUT Street Delmar, MD.
    What is the asking price?
    The asking price for this property is $219,900.
    What are key features of this property?
    This property features: Duplex built in 1989 with a 2 bed / 1 bath unit (first floor) and a 1 bed / 1 bath unit (second floor); Both units are fully rented with established tenants in place; Separate electric meters in place
    Contact an agent
    (443) 235-6735
    We can help!
    Contact an agent
    Colby B Phippin
    Colby B Phippin
    Real Estate License ID: 672504
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