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    11955 AUGUSTINE HERMAN Highway Kennedyville, MD 21645

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    For Sale
    $339,000

    MULTI_FAMILY - Other - KENNEDYVILLE, MD

    Property size:
    2,236 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $151/SF
    Added:
    Jan 6, 2026
    Days on Market:
    121
    Last Refresh:
    May 7 at 10:06 pm

    Property Features for 11955 AUGUSTINE HERMAN Highway

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Parking Lot, Driveway, Fenced, Off Street
    Interior features
    2nd Kitchen, Additional Stairway, Attic, Combination Kitchen/Living
    Appliances
    Dryer, WaterHeater, Washer, Refrigerator, Oven/Range - Electric, Extra Refrigerator/Freezer
    Standard status
    Active
    Size
    2,236 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Annual Amount
    722

    Utilities

    Heating system
    Heat Pump (Heating), Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Number of units
    2
    Building materials
    Stick Built, Frame
    Architectural style
    Other

    We can help!

    Listing Contact
    Sarah A Ulrick

    Listing agent Sarah A Ulrick License #613348

    Listing office Rock Hall Properties Real Estate 5820 MAIN Street, ROCK HALL, MD

    Listing date Jan 6, 2026

    MLS# MDKE2006046 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.

    HighLights

    • Flexible two‑unit configuration easily converted to a single‑family 4‑bedroom, 3‑bath home or live/work space with rental income potential.
    • Meticulous structural and mechanical renovations including new plumbing, electrical, HVAC, roof, insulation, and fresh paint.
    • Rear unit features 2 bedrooms, 2 full bathrooms, full kitchen, laundry, mudroom, and private entrance.
    • Fenced rear lot provides parking for up to six vehicles.
    • Front unit includes a third‑floor attic with roughed‑in electric and insulation, ready for conversion to living space.
    • Certified lead‑free.

    Overview

    Versatile Multi-Use Kennedyville Property

    This 2,236 square foot property in Kennedyville, Maryland, is configured as a two-unit, multi-use home. It can be converted back to a single-family 4-bedroom, 3-bath residence or used as a live/work opportunity with potential storefront space in the front unit while generating rental income from the rear apartment. The rear unit features 2 bedrooms, 2 full bathrooms (including a newly added second-floor bath), a full kitchen, laundry, mudroom, and private rear entrance. The front unit offers 2 bedrooms, 1 full bathroom, a full kitchen, laundry, and a third-floor attic that can be converted into additional living space, with insulation and electric already roughed in. Structural and mechanical renovations have been completed throughout the property, including new plumbing, electrical, HVAC system, roof, insulation, fresh paint, and a newly constructed large full bathroom. The property has a fenced rear lot providing parking for up to six vehicles and is certified lead-free. Situated on a 0.1837-acre lot, the property is located 10 minutes from Chestertown and 25 minutes from Middletown, within walking distance to the Kennedyville Firehouse and community events.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Big Box & Wholesale Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Kennedyville
    County
    Kent
    State
    Maryland
    Longitude
    -75.995
    Latitude
    39.30524

    FAQs

    What type of property is this?
    Duplex - Spacious, renovated multi-use property in Kennedyville, MD.
    Where is this duplex located?
    The property is located at 11955 AUGUSTINE HERMAN Highway Kennedyville, MD.
    What is the asking price?
    The asking price for this property is $339,000.
    What are key features of this property?
    This property features: Flexible two‑unit configuration easily converted to a single‑family 4‑bedroom, 3‑bath home or live/work space with rental income potential.; Meticulous structural and mechanical renovations including new plumbing, electrical, HVAC, roof, insulation, and fresh paint.; Rear unit features 2 bedrooms, 2 full bathrooms, full kitchen, laundry, mudroom, and private entrance.
    (443) 480-1981
    We can help!
    Listing Contact
    Sarah A Ulrick
    Real Estate License ID: 613348
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    11955 AUGUSTINE HERMAN Highway, KENNEDYVILLE, MD 21645
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