Duplex with Detached Second
New
For Sale
$249,900
1402 CRANBERRY ROAD, Aberdeen, MD 21001
The main ranch-style cottage features refurbished hardwood floors and a renovated bathroom.
Property Size1,632 SF
Price / SF$153.13
Days on Market4
Property Features for 1402 CRANBERRY ROAD
General Information
Standard status
Active
Size
1,632 SF
Property subtype
Duplex
Property Condition
Severity
Major Repairs Needed
Evidence
requires a complete renovation
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1954
Buildings
2
Construction
ranch-style cottage
Listing Agency:
Kelly and Co Realty, LLC
(443) 491-9387
Listed By:
Kelly Schuit · License #671718
(301) 758-6678
Source:
Cummingsrealtors
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 2:20PM
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 Kelly and Co Realty, LLC
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Investment Insights
Based on property information with market context.
This duplex property includes a ranch-style cottage and a separate detached dwelling. The cottage has light gray walls, white trim, refurbished hardwood floors, and original solid wood doors. Its bathroom has been renovated, and a full basement remains unfinished. Built in 1954, the property is located at 1402 Cranberry Road in Aberdeen, Maryland.
The detached structure requires complete renovation and is being sold as is. Any proposed use is subject to applicable approvals; buyers should confirm permitted uses with Harford County Planning and Zoning.
The detached structure requires complete renovation and is being sold as is. Any proposed use is subject to applicable approvals; buyers should confirm permitted uses with Harford County Planning and Zoning.
Key Highlights
- Two separate detached dwellings on one property
- Main cottage has refurbished hardwood floors and original solid wood doors
- Renovated bathroom with ceramic vanity and luxury vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,854
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,080
$437.1K
Cap Rate 7%
$312,200
$312.2K
Cap Rate 9%
$242,822
$242.8K
Market Conditions
NOI Build-Up for 1,632 SF
Gross rent
$42.5K $26.04/SF
− Vacancy
−$2.8K −$1.69/SF
EGI
$39.7K $24.35/SF
− OpEx
−$17.9K −$10.96/SF
NOI
$21.9K $13.39/SF
Area
Harford County, MD
Vacancy
6.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,080
Cap Rate 7%
$312,200
Cap Rate 9%
$242,822
Alternative Uses
Best Use
Multifamily LT 5
$335.1K
$293.2K – $391.0K
NOI $23,459 @ 7.0% cap · market cap 9.39%
Second Best
Apartment 5plus
$312.2K
$273.2K – $364.2K
NOI $21,854 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$574.2K
$502.5K – $669.9K
NOI $40,196 @ 7.0% cap · market cap 16.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
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Business Placement
Demographics for 21001, MD
25,714
Population
11,010
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
30.0 sq mi
ZIP Area
857
Density / Sq Mi
$81,778
Median Household Income
$49,765
Median Earnings
$1,391
Median Rent
$267,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The main ranch-style cottage features refurbished hardwood floors and a renovated bathroom.
Where is this duplex located?
The property is located at 1402 CRANBERRY ROAD Aberdeen, 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: Two separate detached dwellings on one property; Main cottage has refurbished hardwood floors and original solid wood doors; Renovated bathroom with ceramic vanity and luxury vinyl plank flooring
