Downtown Two-Unit Residential
114 West Cecil Avenue North East, MD 21901
114 West Cecil Avenue, North East, MD, 21901
$220,000
For Sale
$220,000
Two tenant-occupied units with month-to-month leases available for viewing from the exterior.
Property Size1,408 SF
Price / SF$156.25
Days on Market95
Property Features for 114 West Cecil Avenue
General Information
- Standard status
- Active
- Size
- 1,408 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing agency
Alberti Realty, LLC
(410) 652-2848
Listed by
Joseph Warren Avampato · License #5002497
(410) 652-2848
Source
Compass
Added: Apr 19 Updated: Jul 22 at 10:41AM Checked: Jul 22 at 10:41AM
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 Alberti Realty, LLC
Investment Insights
Based on property information with market context.
This two-unit residential income property is tenant occupied and available now. Both units are on month-to-month arrangements, with Apt 1 configured as 1 bed/1 bath and Apt 2 configured as 2 bed/1 bath. The property will be shown by appointment with exterior viewing first, as interior access is difficult and is planned to be provided once an offer is accepted.
The property is located in Cecil County and is in city limits. It falls within the Cecil County Public Schools district.
For buyers seeking a straightforward, occupied two-unit setup, this property offers two separate rental units with current month-to-month tenancy in place.
The property is located in Cecil County and is in city limits. It falls within the Cecil County Public Schools district.
For buyers seeking a straightforward, occupied two-unit setup, this property offers two separate rental units with current month-to-month tenancy in place.
Key Highlights
- Downtown North East 2‑unit property with tenant‑occupied units and month‑to‑month leases available for viewing from the exterior
- Unit 1: 1 bed, 1 bath with month‑to‑month tenant paying $1,000 per month
- Unit 2: 2 bed, 1 bath with month‑to‑month tenant paying $975 per month
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 | $21.6k | $15.36 |
| − Vacancy | −$1.6k | −$1.15 |
| EGI | $20.0k | $14.21 |
| − OpEx | −$6.0k | −$4.26 |
| NOI | $14.0k | $9.95 |
1,408 SF · lease $15.36/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$200.0K
$175.0K – $233.4K
NOI $14,003 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$176.3K
$154.2K – $205.6K
NOI $12,338 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$522.2K
$456.9K – $609.2K
NOI $36,551 @ 7.0% cap · market cap 16.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two tenant-occupied units with month-to-month leases available for viewing from the exterior.
Where is this duplex located?
The property is located at 114 West Cecil Avenue North East, MD.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Downtown North East 2‑unit property with tenant‑occupied units and month‑to‑month leases available for viewing from the exterior; Unit 1: 1 bed, 1 bath with month‑to‑month tenant paying $1,000 per month; Unit 2: 2 bed, 1 bath with month‑to‑month tenant paying $975 per month
