Princess Anne Multifamily
For Sale
$1,175,000
11761 Somerset Ave, Princess Anne, MD 21853
17-unit property near University of Maryland campus.
Property Size6,532 SF
Price / SF$179.88
Days on Market211
Property Features for 11761 Somerset Ave
General Information
Standard status
Active
Size
6,532 SF
Building Details
Year Built
1950
Listing Agency:
NAI Coastal
Listed By:
George Timothy Merritt · License ##0681070
(443) 935-2277
Source:
Premierehomegroup
Added: Apr 4
Changed: Oct 25
Last Checked: Oct 7 at 4:05PM
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 NAI Coastal
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Investment Insights
Based on property information with market context.
Located in Princess Anne, MD, this 14,182 square foot building, constructed in 1950, features 17 units. The property includes 10 residential and 7 commercial spaces. Situated a quarter of a mile from the University of Maryland Campus, the location is suitable for potential tenants. The property is designed to maximize rental income and presents an opportunity for yield and growth. The bike score is 43, indicating it is somewhat bikeable, and the walk score is 59, indicating it is somewhat walkable.
Key Highlights
- Prime location just 0.25 miles from the University of Maryland Campus
- Substantial 14,182 SF building with 17 units
- Mix of 10 residential and 7 commercial units
Property Analytics
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Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
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Business Placement
Demographics for 21853, MD
10,179
Population
4,962
Households
2.1
Avg Household Size
33
Median Age
22%
College-Educated
91%
High-School Grad
114.8 sq mi
ZIP Area
89
Density / Sq Mi
$51,710
Median Household Income
$24,603
Median Earnings
$973
Median Rent
$167,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - 17-unit property near University of Maryland campus.
Where is this apartment building located?
The property is located at 11761 Somerset Ave Princess Anne, MD.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Prime location just 0.25 miles from the University of Maryland Campus; Substantial 14,182 SF building with 17 units; Mix of 10 residential and 7 commercial units
