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    8340 Langmaid Rd Newark, MD 21841

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    For Sale
    $785,000

    Completely remodeled four-unit building, suitable for condos or Airbnb.

    Lot size:
    0.74 Acres

    Property Features for 8340 Langmaid Rd

    General Information

    Lot size
    0.74 Acres

    Building Details

    Year built
    1986

    Source: Keller Williams Realty Delmarva Agent Bret Davis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled Four-Unit Apartment Building

    This completely remodeled four-unit apartment building is suitable for conversion into condominiums or use as short-term rentals. Each unit features two bedrooms, one bathroom, and a garage. The total renovation includes granite countertops, stainless steel appliances, new flooring, electrical systems, heating and air conditioning, roof, siding, and garage doors, along with numerous other upgrades. The property is located close to the beach, while still providing a serene environment.
    Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Law Firm Auto Repair Shop Auto Parts Store Convenience Store Smoke and Vape Shop Barber Shop Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Worcester
    State
    Maryland
    Longitude
    -75.2883901
    Latitude
    38.248992

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      8340 Langmaid Rd, Newark, MD 21841
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    FAQs

    What type of property is this?
    Quadplex - Completely remodeled four-unit building, suitable for condos or Airbnb.
    Where is this quadplex located?
    The property is located at 8340 Langmaid Rd Newark, MD.
    What is the asking price?
    The asking price for this property is $785,000.
    What are key features of this property?
    This property features: - Completely remodeled 4-unit building with potential for condos or Airbnb use.; - Each unit includes 2 bedrooms, 1 bathroom, and a garage.; - Total renovation includes new flooring, electrical, heat/AC, roof, siding, and garage doors.
    (410) 677-0909
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    8340 Langmaid Rd Newark, MD 21841
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    Newark, MD 21841
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    8340 Langmaid Rd Newark, MD 21841
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