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Historic Chestertown Multi-Family Opportunity
For Sale
$395,000
Pending

349 & 351 HIGH STREET, Chestertown, MD 21620

Multi-family property in Chestertown's Historic and Arts & Entertainment Districts.

Property Size3,664 SF
Lot Size0.13 Acres
Days on Market866

Property Features for 349 & 351 HIGH STREET

General Information

Standard status Pending
Size 3,664 SF
Lot size 0.13 Acres
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $5,442

Building Details

Year Built 1900
Listing Agency: Coldwell Banker Chesapeake Real Estate Company
Listed By: Cheryl Hurt · License #676679
Source: Exitrealty
Added: Mar 30, 2024 Changed: Aug 8 Last Checked: Jul 23 at 7:18AM

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 Chesapeake Real Estate Company

Investment Insights

Based on property information with market context.

This multi-family property, owned by the same family for over 50 years, is situated on a double lot known historically as the Laurence Lots in the heart of Chestertown’s Historic and Arts & Entertainment Districts. The property features a townhouse on one side and two apartments on the other, offering a flexible layout. Significant settling has occurred over the years, and a substantial renovation will be required. The property is offered strictly as-is. The location supports both residential and business uses, making it an ideal candidate for those looking to merge lifestyle, business, and history. The property size is 3664 square feet.

Key Highlights

  • Rare opportunity to own a multi‑family property on a double lot in the heart of Chestertown's Historic and Arts & Entertainment Districts.
  • Flexible layout suitable for renovation into a single‑family home, live/work space, or multi‑unit investment property.
  • Located within both the Arts & Entertainment District and Enterprise Zone, supporting residential and business uses.

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Parking Lot & Garage Bakery Catering Service Barber Shop Daycare Center Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

763
Businesses Nearby

Demographics for 21620, MD

12,726
Population
6,259
Households
2
Avg Household Size
46
Median Age
43%
College-Educated
93%
High-School Grad
118.7 sq mi
ZIP Area
107
Density / Sq Mi
$76,094
Median Household Income
$39,432
Median Earnings
$1,149
Median Rent
$318,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Multi-family property in Chestertown's Historic and Arts & Entertainment Districts.
Where is this multifamily property located?
The property is located at 349 & 351 HIGH STREET Chestertown, MD.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Rare opportunity to own a multi‑family property on a double lot in the heart of Chestertown's Historic and Arts & Entertainment Districts.; Flexible layout suitable for renovation into a single‑family home, live/work space, or multi‑unit investment property.; Located within both the Arts & Entertainment District and Enterprise Zone, supporting residential and business uses.
More about this property
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