Duplex Investment Opportunity in
For Sale
$249,900
Pending
128 BRANCH ST, Berlin, MD 21811
Duplex near downtown Berlin and Ocean City beaches.
Property Size1,152 SF
Days on Market190
Property Features for 128 BRANCH ST
General Information
Standard status
Pending
Size
1,152 SF
Property subtype
Multi-family
Listing Agency:
Coastal Life Realty Group LLC
(443) 552-7579
Listed By:
Kevin E Decker · License #532548
(443) 235-6552
Source:
Towncentermd
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 28 at 9:02AM
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 Coastal Life Realty Group LLC
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Investment Insights
Based on property information with market context.
This duplex in Berlin, MD, presents an investment opportunity. Situated just off Route 113, the property includes two separately metered units. The upper unit is configured as a 1-bedroom, 1-bath apartment, while the lower unit features a 2-bedroom, 1-bath apartment. The property is being sold as is and needs some TLC. Located minutes from downtown Berlin and a short drive to Ocean City beaches, it offers potential for immediate cash flow. The property has a bike score of 32, indicating it is somewhat bikeable, and a walk score of 10, indicating car-dependent accessibility.
Key Highlights
- Duplex with two separately metered units.
- Investment opportunity with cash flow potential.
- Located near Route 113, minutes from downtown Berlin.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,084
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,680
$241.7K
Cap Rate 7%
$172,629
$172.6K
Cap Rate 9%
$134,267
$134.3K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$18.7K $16.20/SF
− Vacancy
−$1.4K −$1.22/SF
EGI
$17.3K $14.99/SF
− OpEx
−$5.2K −$4.50/SF
NOI
$12.1K $10.49/SF
Area
Worcester County, MD
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,680
Cap Rate 7%
$172,629
Cap Rate 9%
$134,267
Alternative Uses
Best Use
Multifamily LT 5
$172.6K
$151.1K – $201.4K
NOI $12,084 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$154.9K
$135.5K – $180.7K
NOI $10,842 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$276.8K
$242.2K – $323.0K
NOI $19,378 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
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Business Placement
Demographics for 21811, MD
23,907
Population
15,439
Households
1.5
Avg Household Size
52
Median Age
36%
College-Educated
94%
High-School Grad
101.5 sq mi
ZIP Area
236
Density / Sq Mi
$91,293
Median Household Income
$49,929
Median Earnings
$1,398
Median Rent
$362,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex near downtown Berlin and Ocean City beaches.
Where is this duplex located?
The property is located at 128 BRANCH ST Berlin, MD.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Duplex with two separately metered units.; Investment opportunity with cash flow potential.; Located near Route 113, minutes from downtown Berlin.
