Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lee Terrace Multifamily Investment Title is generated by Realmo AI

    1-6-8 Lee Terrace, Easton, MD 21601

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Fully occupied multifamily property with upside potential in Easton.

    Type:Multi-Family
    Added:
    Apr 3, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 3 at 4:53 am

    Property Features for 1-6-8 Lee Terrace

    General Information

    Standard status
    Active
    Property subtype
    Multi-Family

    We can help!

    Listing Contact
    Trish Farrell
    Trish Farrell

    Listing agent Trish Farrell

    Listing office MacKenzie Commercial Real Estate | Baltimore

    Listing date Apr 3, 2026

    Source Mackenziecommercial

    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 MacKenzie Commercial Real Estate | Baltimore

    HighLights

    • Opportunity for higher return on investment by increasing rents to market rates.
    • Fully occupied property providing immediate income.
    • Minimal improvements needed.
    • Well‑maintained facilities.
    • Convenient location near local amenities.
    • Easy access to Route 50 and the Easton Bypass.

    Overview

    The property at 1-6-8 Lee Terrace presents an investment opportunity with potential for increased returns through minimal improvements. The facilities have been maintained to a high standard. The property is fully occupied. Rents are currently below market rates, offering an opportunity to increase revenue by adjusting to market rates. The location off S Washington Street provides convenient access to local amenities, Route 50, and the Easton Bypass.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Pharmacy Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Easton
    County
    Talbot
    State
    Maryland
    Longitude
    -76.0708811
    Latitude
    38.7552621

    Nearby Similar for Sale

    • $145,000

      Easton Office Space For Sale

      Second-floor office space with great visibility and ample parking.
      8706 COMMERCE DR #6, EASTON, MD 21601
      View Details
    • $495,000
      2,592 SF

      Easton Duplex with Storage

      Fully leased duplex near Idlewild Park and Rails-to-Trails.
      104/106 STEWART Street, EASTON, MD 21601
      View Details
    • $145,000

      Easton Office Space For Sale

      Second-floor office unit with high visibility and ample parking.
      8706 COMMERCE DR #4, EASTON, MD 21601
      View Details
    • $699,999
      3,860 SF

      Three-Story Downtown Mixed-Use Building

      Three-story property with street-level commercial space and independent front and rear access for upper-level uses.
      6 N WASHINGTON St, Easton, MD 21601
      View Details
    • $695,000

      High-Visibility Commercial Building in Easton

      Multi-unit commercial building in high-traffic area with parking.
      609 DUTCHMANS Ln, Easton, MD 21601
      View Details
    • $599,000

      Medical Office in Easton Community

      Move-in ready medical office space with ample parking.
      508 IDLEWILD Ave 3, Easton, MD 21601
      View Details
    • $775,000

      Easton Commercial Property with Warehouses

      Commercial property featuring offices, warehouses, and outdoor storage.
      304 MELFIELD Ave, Easton, MD 21601
      View Details
    • $670,000
      2,500 SF

      Easton Parsonage with Redevelopment Potential

      Brick parsonage offering possibilities in Easton, Maryland.
      414 E DOVER St, Easton, MD 21601
      View Details
    • $924,000
      3,400 SF

      New Easton Duplex Investment Opportunity

      Custom-built duplex in historic Easton with modern luxury finishes.
      607-A & B NORTH Street, EASTON, MD 21601
      View Details
    • $2,300,000

      Profitable Car Wash Business Opportunity

      Successful car wash business with modern equipment and prime location.
      29328 MATTHEWSTOWN ROAD, EASTON, MD 21601
      View Details
    • $145,000

      Updated Office Unit For Sale

      Well-maintained office unit with on-site parking and recent updates.
      8706 COMMERCE Dr 6, Easton, MD 21601
      View Details
    • $1,550,000

      High-Visibility Retail and Warehouse Space

      Retail and warehouse space with high traffic exposure.
      6475 OLD TRAPPE ROAD, EASTON, MD 21601
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Fully occupied multifamily property with upside potential in Easton.
    Where is this multifamily property located?
    The property is located at 1-6-8 Lee Terrace Easton, MD.
    What are key features of this property?
    This property features: Opportunity for higher return on investment by increasing rents to market rates.; Fully occupied property providing immediate income.; Minimal improvements needed.
    (410) 974-9003
    We can help!
    Listing Contact
    Trish Farrell
    Trish Farrell
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1-6-8 Lee Terrace, Easton, MD 21601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!