Renovated Duplex with
For Sale
$1,300,000
7845 June Dr, Pasadena, MD 21122
Fully fenced duplex with separate living spaces, private garages, and a shared in-ground pool.
Property Size3,705 SF
Price / SF$350.88
Days on Market8
Property Features for 7845 June Dr
General Information
Standard status
Active
Size
3,705 SF
Property subtype
Multi-Family
Building Details
Year Built
1955
Listing Agency:
Douglas Realty LLC
Listed By:
Joshua Shapiro · License #662949
(410) 255-3690
Source:
Themelaninteam
Added: Sep 16
Changed: Sep 18
Last Checked: Sep 22 at 7:31PM
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
Investment Insights
Based on property information with market context.
This 3,705-square-foot duplex property combines a renovated primary residence with a separate guest house designed for independent living. The main home offers four bedrooms, three full bathrooms, an updated kitchen and primary suite, a covered front porch, rear patio, saltwater hot tub, and attached two-car garage. The guest house adds two bedrooms, two full bathrooms, a den, open living areas, a walk-in pantry, tile fireplace with wood stove insert, private patios, and its own oversized two-car garage.
A shared in-ground pool sits between the residences and received new equipment, plaster, coping, and epoxy in 2026. Additional features include owned solar panels ready for connection, tankless water heaters, propane cooking, dual-fuel heating, plumbing rough-ins for an outdoor shower, a future car-charging circuit, and separate gated access for the guest house. The property also includes access to a community boat ramp.
A shared in-ground pool sits between the residences and received new equipment, plaster, coping, and epoxy in 2026. Additional features include owned solar panels ready for connection, tankless water heaters, propane cooking, dual-fuel heating, plumbing rough-ins for an outdoor shower, a future car-charging circuit, and separate gated access for the guest house. The property also includes access to a community boat ramp.
Key Highlights
- 3,705‑square‑foot duplex property with two independent residences
- Primary home includes 4 bedrooms, 3 full bathrooms, and an attached 2‑car garage
- Guest house offers 2 bedrooms, 2 full bathrooms, a den, and an oversized 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,833
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,076,660
$1.1M
Cap Rate 7%
$769,043
$769.0K
Cap Rate 9%
$598,144
$598.1K
Market Conditions
NOI Build-Up for 3,705 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$82.3K $22.20/SF
− Vacancy
−$5.3K −$1.44/SF
EGI
$76.9K $20.76/SF
− OpEx
−$23.1K −$6.23/SF
NOI
$53.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,076,660
Cap Rate 7%
$769,043
Cap Rate 9%
$598,144
Alternative Uses
Best Use
Multifamily LT 5
$769.0K
$672.9K – $897.2K
NOI $53,833 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$714.3K
$625.0K – $833.4K
NOI $50,002 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$1.08M
$948.3K – $1.26M
NOI $75,867 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
186
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
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Frequently Asked Questions
What type of property is this?
Duplex - Fully fenced duplex with separate living spaces, private garages, and a shared in-ground pool.
Where is this duplex located?
The property is located at 7845 June Dr Pasadena, MD.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 3,705‑square‑foot duplex property with two independent residences; Primary home includes 4 bedrooms, 3 full bathrooms, and an attached 2‑car garage; Guest house offers 2 bedrooms, 2 full bathrooms, a den, and an oversized 2‑car garage
