Waterfront
1276 PEKIN Road, Pasadena, MD 21122
For Sale
$499,000
Multi-Family, PASADENA, MD
Property Size1,680 SF
Lot Size0.19 Acres
Price / SF$297.02
Days on Market96
Property Features for 1276 PEKIN Road
General Information
Property type
Property subtype
Rooms
Parking features
Appliances
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Cooling system
Water front features
Water front
Building Details
Year built
Number of units
Building materials
Architectural style
Buildings
Listing Agency:
Douglas Realty LLC
(410) 255-3690
Listed By:
Sharon G Burkhardt · License MD #628280
(410) 375-3177
Added: Aug 10
Changed: Oct 27
Last Checked: Nov 13 at 11:06PM
MLS# MDAA2153852
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.
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Investment Insights
Based on property information with market context.
This 1,680-square-foot Cape Cod property is configured as three separate residential units and requires work. The side unit includes a living room, kitchen, laundry area, two bedrooms, and a bathroom. The upstairs and front units each offer a living room, kitchen, bedroom, and bathroom. A basement is also present.
The property sits on 0.1913 acres with navigable waterfront access. Built in 1952, the structure has vinyl siding, window-unit cooling, and a driveway. Existing appliances include refrigerators, stoves, and a dishwasher, providing a foundation for continued residential income use after improvements.
The property sits on 0.1913 acres with navigable waterfront access. Built in 1952, the structure has vinyl siding, window-unit cooling, and a driveway. Existing appliances include refrigerators, stoves, and a dishwasher, providing a foundation for continued residential income use after improvements.
Key Highlights
- Three separate residential units within a 1,680‑square‑foot property
- Navigable waterfront setting
- Side unit includes 2 bedrooms, laundry, kitchen, living room, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,410
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,200
$488.2K
Cap Rate 7%
$348,714
$348.7K
Cap Rate 9%
$271,222
$271.2K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$37.3K $22.20/SF
− Vacancy
−$2.4K −$1.44/SF
EGI
$34.9K $20.76/SF
− OpEx
−$10.5K −$6.23/SF
NOI
$24.4K $14.53/SF
Area
Anne Arundel County, MD
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,200
Cap Rate 7%
$348,714
Cap Rate 9%
$271,222
Alternative Uses
Best Use
Multifamily LT 5
$348.7K
$305.1K – $406.8K
NOI $24,410 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$323.9K
$283.4K – $377.9K
NOI $22,673 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$491.4K
$430.0K – $573.4K
NOI $34,401 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
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Business Placement
Demographics for 21122, MD
62,368
Population
23,624
Households
2.6
Avg Household Size
40
Median Age
32%
College-Educated
93%
High-School Grad
31.4 sq mi
ZIP Area
1,986
Density / Sq Mi
$121,732
Median Household Income
$63,687
Median Earnings
$2,077
Median Rent
$412,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate units provide individual living areas, kitchens, bedrooms, and bathrooms within a waterfront Cape Cod property.
Where is this triplex located?
The property is located at 1276 PEKIN Road Pasadena, MD.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Three separate residential units within a 1,680‑square‑foot property; Navigable waterfront setting; Side unit includes 2 bedrooms, laundry, kitchen, living room, and bathroom
