Residential Income Property with
1000 HERONS NEST WAY Unit 43, Chester, MD 21619
For Sale
$595,000
A fourth-floor residence pairs a home office with a private porch, garage, and storage space.
Property Size1,832 SF
Price / SF$324.78
Days on Market154
Property Features for 1000 HERONS NEST WAY Unit 43
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
walking trails
outdoor tennis courts
indoor pool
outdoor pool
clubhouse
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty
Listed By:
Dee Dee R McCracken · License MD #604708
(410) 739-7571
Source:
Chesapeakebayproperties
Added: Jun 15
Changed: Nov 15
Last Checked: Nov 14 at 7:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Set on the fourth floor, this 1,832-square-foot residence has two bedrooms, a home office, two full bathrooms, and a half bath. Interior features include a fireplace, luxury flooring, and a kitchen with quartz countertops, stainless steel appliances, and a large center island. The unit also comes with a one-car garage and private storage, plus an oversized porch.
Community amenities include indoor and outdoor swimming pools, outdoor tennis courts, walking trails, and a 23,000-square-foot clubhouse with a ballroom, test kitchen, outdoor bar, and outdoor gathering areas. A community pier and views of the Chester River are also part of the setting.
Community amenities include indoor and outdoor swimming pools, outdoor tennis courts, walking trails, and a 23,000-square-foot clubhouse with a ballroom, test kitchen, outdoor bar, and outdoor gathering areas. A community pier and views of the Chester River are also part of the setting.
Key Highlights
- 1,832‑square‑foot, fourth‑floor residence
- Two bedrooms, a home office, two full bathrooms, and a half bath
- One‑car garage, private storage, and an oversized porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,768
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,360
$435.4K
Cap Rate 7%
$310,971
$311.0K
Cap Rate 9%
$241,867
$241.9K
Market Conditions
NOI Build-Up for 1,832 SF
Gross rent
$42.6K $23.28/SF
− Vacancy
−$3.1K −$1.68/SF
EGI
$39.6K $21.60/SF
− OpEx
−$17.8K −$9.72/SF
NOI
$21.8K $11.88/SF
Area
Queen Anne's County, MD
Vacancy
7.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,360
Cap Rate 7%
$310,971
Cap Rate 9%
$241,867
Alternative Uses
Best Use
Apartment 5plus
$311.0K
$272.1K – $362.8K
NOI $21,768 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$498.1K
$435.8K – $581.1K
NOI $34,867 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 21619, MD
6,598
Population
3,002
Households
2.2
Avg Household Size
48
Median Age
37%
College-Educated
92%
High-School Grad
9.3 sq mi
ZIP Area
709
Density / Sq Mi
$100,359
Median Household Income
$55,450
Median Earnings
$1,845
Median Rent
$459,100
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - A fourth-floor residence pairs a home office with a private porch, garage, and storage space.
Where is this residential income property located?
The property is located at 1000 HERONS NEST WAY Unit 43 Chester, MD.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 1,832‑square‑foot, fourth‑floor residence; Two bedrooms, a home office, two full bathrooms, and a half bath; One‑car garage, private storage, and an oversized porch
