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Chesapeake Beach Multifamily Investment
For Sale
$2,500,000

3860 Gordon Stinnett Ave, Chesapeake Beach, MD 20732

Sixteen fully occupied residential properties in Chesapeake Beach.

Property Size1,077 SF
Lot Size0.59 Acres
Price / SF$2,321
Days on Market780

Property Features for 3860 Gordon Stinnett Ave

General Information

Standard status Active
Size 1,077 SF
Lot size 0.59 Acres

Taxes and HOA fees

Annual Taxes $10,386
Listing Agency: Shasho Consulting PA Commerical R.E.
Listed By: Harry A Shasho · License #82336
Source: Exprealty
Added: Jul 15, 2024 Changed: Aug 20 Last Checked: Sep 1 at 10:02PM

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 Shasho Consulting PA Commerical R.E.

Investment Insights

Based on property information with market context.

Sixteen residential properties, fully occupied, are located in Chesapeake Beach, an area featuring a water park, boardwalk, and fishing pier. The properties were built in 2001 and have a land area of 25,700 square feet. There are eight two-bedroom units, each ranging from 946 to 960 square feet, and eight three-bedroom units, each ranging from 1044 to 1077 square feet. The units are 100% electric, with the cost paid by the tenant. The owner pays for water, sewer, and trash services.

Key Highlights

  • 16 Fully Occupied Residential Properties
  • Located in Chesapeake Beach near water park, boardwalk, and fishing pier
  • Attractive Mix of 8 Two‑Bedroom and 8 Three‑Bedroom Units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon Spa & Massage Center Nail Salon Big Box & Wholesale 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

246
Businesses Nearby

Demographics for 20732, MD

10,626
Population
4,512
Households
2.4
Avg Household Size
38
Median Age
42%
College-Educated
95%
High-School Grad
11.1 sq mi
ZIP Area
957
Density / Sq Mi
$135,925
Median Household Income
$73,488
Median Earnings
$1,578
Median Rent
$426,300
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?
Apartment building - Sixteen fully occupied residential properties in Chesapeake Beach.
Where is this apartment building located?
The property is located at 3860 Gordon Stinnett Ave Chesapeake Beach, MD.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 16 Fully Occupied Residential Properties; Located in Chesapeake Beach near water park, boardwalk, and fishing pier; Attractive Mix of 8 Two‑Bedroom and 8 Three‑Bedroom Units
More about this property
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