Side-by-Side
For Sale
$325,000
19 HOLLINGSWORTH MNR, Elkton, MD 21921
Two first-floor residences feature private laundry and separate utilities for each unit.
Property Size1,992 SF
Price / SF$163.15
Days on Market52
Property Features for 19 HOLLINGSWORTH MNR
General Information
Standard status
Active
Size
1,992 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Amenities
in-unit washer/dryer
Building Details
Year Built
1975
Listing Agency:
Phoenix Real Estate
Listed By:
Michael R. Davis · License #RA0020809
(302) 300-2300
Source:
Cummingsrealtors
Added: Sep 9
Changed: Oct 29
Last Checked: Oct 28 at 7:29AM
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 Phoenix Real Estate
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Investment Insights
Based on property information with market context.
This duplex offering combines the adjoining residences at 19 and 20 Hollingsworth Manor in Elkton. The property contains two first-floor units, each with three bedrooms and one bathroom. Dedicated in-unit washers and dryers serve both residences, while separate utilities support individual unit operations.
Constructed in 1975, the building offers a straightforward two-unit configuration with a documented rental history. The side-by-side layout provides distinct living spaces within one income-producing property, and both residences remain on a single level.
Constructed in 1975, the building offers a straightforward two-unit configuration with a documented rental history. The side-by-side layout provides distinct living spaces within one income-producing property, and both residences remain on a single level.
Key Highlights
- Two side‑by‑side duplex units at 19 & 20 Hollingsworth Manor
- Each unit includes 3 bedrooms and 1 bathroom
- Both residences are situated on the first floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,812
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,240
$396.2K
Cap Rate 7%
$283,029
$283.0K
Cap Rate 9%
$220,133
$220.1K
Market Conditions
NOI Build-Up for 1,992 SF
Gross rent
$30.6K $15.36/SF
− Vacancy
−$2.3K −$1.15/SF
EGI
$28.3K $14.21/SF
− OpEx
−$8.5K −$4.26/SF
NOI
$19.8K $9.95/SF
Area
Cecil County, MD
Vacancy
7.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,240
Cap Rate 7%
$283,029
Cap Rate 9%
$220,133
Alternative Uses
Best Use
Multifamily LT 5
$283.0K
$247.7K – $330.2K
NOI $19,812 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$249.4K
$218.2K – $290.9K
NOI $17,456 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$738.7K
$646.4K – $861.9K
NOI $51,712 @ 7.0% cap · market cap 15.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
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Business Placement
Demographics for 21921, MD
44,983
Population
18,782
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
92%
High-School Grad
94.7 sq mi
ZIP Area
475
Density / Sq Mi
$84,608
Median Household Income
$48,300
Median Earnings
$1,413
Median Rent
$296,000
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 - Two first-floor residences feature private laundry and separate utilities for each unit.
Where is this duplex located?
The property is located at 19 HOLLINGSWORTH MNR Elkton, MD.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two side‑by‑side duplex units at 19 & 20 Hollingsworth Manor; Each unit includes 3 bedrooms and 1 bathroom; Both residences are situated on the first floor
