Waterfront
For Sale
$549,000
1276 PEKIN ROAD, Pasadena, MD 21122
Three separately configured residential units include kitchens, living areas, bedrooms, and bathrooms.
Property Size1,680 SF
Days on Market80
Property Features for 1276 PEKIN ROAD
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Triplex
Property Condition
Severity
Repairs Needed
Evidence
HOUSE NEEDS WORK
Units
Unit Mix
1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,799
Building Details
Building Size
1,680 SF
Year Built
1952
Listing Agency:
Douglas Realty LLC
Listed By:
Sharon G Burkhardt · License #628280
(410) 375-3177
Source:
Thehulsmangroup
Added: Aug 10
Changed: Oct 25
Last Checked: Oct 28 at 2:43PM
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 Douglas Realty LLC
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Investment Insights
Based on property information with market context.
This waterfront triplex, built in 1952, is arranged as three separate residential units and requires work. The side unit includes a living room, kitchen, laundry area, two bedrooms, and one bathroom. The upstairs unit provides a living room, kitchen, one bedroom, and one bathroom. The front unit also features a living room, kitchen, one bedroom, and one bathroom.
The property is located on Pekin Road in Pasadena, Maryland. Walkability is limited, with a walk score of 24 and a bike score of 33. The existing three-unit configuration provides a defined multifamily layout within a waterfront residential property.
The property is located on Pekin Road in Pasadena, Maryland. Walkability is limited, with a walk score of 24 and a bike score of 33. The existing three-unit configuration provides a defined multifamily layout within a waterfront residential property.
Key Highlights
- Waterfront property configured as three separate residential units
- Side unit includes 2 bedrooms, 1 bathroom, kitchen, living room, and laundry
- Upstairs unit includes 1 bedroom, 1 bathroom, kitchen, and living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,410
Cap Rate
4.45%
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 4.45%
Second Best
Apartment 5plus
$323.9K
$283.4K – $377.9K
NOI $22,673 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$491.4K
$430.0K – $573.4K
NOI $34,401 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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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 separately configured residential units include kitchens, living areas, bedrooms, and bathrooms.
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 $549,000.
What are key features of this property?
This property features: Waterfront property configured as three separate residential units; Side unit includes 2 bedrooms, 1 bathroom, kitchen, living room, and laundry; Upstairs unit includes 1 bedroom, 1 bathroom, kitchen, and living room
