Residential Income Property with
1606 MARION QUIMBY DR, Stevensville, MD 21666
For Sale
$285,000
STEVENSVILLE, MD
Property Size949 SF
Price / SF$300.32
Days on Market16
Property Features for 1606 MARION QUIMBY DR
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Elementary school district
Middle school district
High school district
Standard status
Amenities
in-ground swimming pool
recreation center
in-unit laundry
private balcony
wood-burning fireplace
Building Details
Year built
Listing Agency:
Kent Island
(410) 643-2244
Listed By:
Mary E Jameson · License MD #5002109
Added: Oct 30
Changed: Nov 10
Last Checked: Nov 14 at 2:06AM
MLS# MDQA2019044
Copyright © 2026 Long & Foster Real Estate. 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 upper-level condominium offers 949 square feet with three bedrooms and two full bathrooms. Interior features include a wood-burning fireplace and in-unit laundry, while a private balcony extends the living space outdoors. The building dates to 1993.
Residents have access to a community swimming pool, recreation center, and professionally maintained common areas. The property is near grocery stores, shops, restaurants, and other everyday services, with access to Route 50 and the Chesapeake Bay Bridge.
Residents have access to a community swimming pool, recreation center, and professionally maintained common areas. The property is near grocery stores, shops, restaurants, and other everyday services, with access to Route 50 and the Chesapeake Bay Bridge.
Key Highlights
- Three bedrooms and two full bathrooms across 949 square feet
- Upper‑level condominium with a private balcony
- Wood‑burning fireplace and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,276
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,520
$225.5K
Cap Rate 7%
$161,086
$161.1K
Cap Rate 9%
$125,289
$125.3K
Market Conditions
NOI Build-Up for 949 SF
Gross rent
$22.1K $23.28/SF
− Vacancy
−$1.6K −$1.68/SF
EGI
$20.5K $21.60/SF
− OpEx
−$9.2K −$9.72/SF
NOI
$11.3K $11.88/SF
Area
Queen Anne's County, MD
Vacancy
7.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,520
Cap Rate 7%
$161,086
Cap Rate 9%
$125,289
Alternative Uses
Best Use
Apartment 5plus
$161.1K
$141.0K – $187.9K
NOI $11,276 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$258.0K
$225.8K – $301.0K
NOI $18,061 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
Explore this area
Business Placement
Demographics for 21666, MD
12,848
Population
5,781
Households
2.2
Avg Household Size
45
Median Age
42%
College-Educated
95%
High-School Grad
21.9 sq mi
ZIP Area
587
Density / Sq Mi
$130,426
Median Household Income
$63,926
Median Earnings
$1,755
Median Rent
$478,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An upper-level, three-bedroom condominium includes in-unit laundry and access to a community pool and recreation center.
Where is this residential income property located?
The property is located at 1606 MARION QUIMBY DR Stevensville, MD.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Three bedrooms and two full bathrooms across 949 square feet; Upper‑level condominium with a private balcony; Wood‑burning fireplace and in‑unit laundry
