Mixed-Use Income Property with
For Sale
$2,300,000
200204 High Street, Chestertown, MD 21620
Turnkey building features five apartments and three storefronts, fully renovated in 2022 and currently occupied.
Property SizeContact for details
Days on Market106
Property Features for 200204 High Street
General Information
Standard status
Active
Property subtype
Commercial
Occupancy
100%
Lease Term
[]
Additional Details
Multifamily Units
5
Building Details
Year Built
1860
Year Renovated
2022
Tenancy
Multi
Listing Agency:
Taylor Properties
Listed By:
Julie H SANTOBONI · License #672033
(202) 607-6762
Source:
Deepcreeklake
Added: May 24
Changed: Sep 5
Last Checked: Sep 5 at 9:27AM
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 Taylor Properties
Investment Insights
Based on property information with market context.
This mixed-use income property includes five apartments and three storefront spaces. The building was renovated to the studs in 2022 and is reported to have had no vacancies since renovations, with solid leases in place. Renovations addressed major building systems, including replaced electric service, meters, and wiring; new plumbing with PEX; new water and septic service lines to the building; new energy-efficient water heaters and appliances; and foundation repairs. Additional improvements include new Jeldwen Auralast windows, insulation and air sealing, roof work on rear portions, new rear egress, and a monitored fire alarm system.
Two storefronts are rented to a local arts non-profit, and a yoga/pilates studio recently moved into the third commercial space. The five apartments consist of two 2-bedroom units and three 1-bedroom apartments.
Additional reported benefits include a generous property tax credit through 2032 (buyer to verify transferability) and a Limited Lead-Free certificate, which requires only an exterior visual inspection every two years and exempts the owner from MDE registration requirements. Complete income and expense information is available after signing a confidentiality agreement.
Two storefronts are rented to a local arts non-profit, and a yoga/pilates studio recently moved into the third commercial space. The five apartments consist of two 2-bedroom units and three 1-bedroom apartments.
Additional reported benefits include a generous property tax credit through 2032 (buyer to verify transferability) and a Limited Lead-Free certificate, which requires only an exterior visual inspection every two years and exempts the owner from MDE registration requirements. Complete income and expense information is available after signing a confidentiality agreement.
Key Highlights
- 1860‑built downtown Chestertown building with 5 apartments and 3 storefronts
- Renovated to the studs in 2022; since renovations, no vacancies reported
- Replaced major systems in 2022: new electric service, wiring, plumbing (PEX), water and septic lines, and energy‑efficient water heaters and appliances
Property Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Explore this area
Business Placement
Demographics for 21620, MD
12,726
Population
6,259
Households
2
Avg Household Size
46
Median Age
43%
College-Educated
93%
High-School Grad
118.7 sq mi
ZIP Area
107
Density / Sq Mi
$76,094
Median Household Income
$39,432
Median Earnings
$1,149
Median Rent
$318,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey building features five apartments and three storefronts, fully renovated in 2022 and currently occupied.
Where is this apartment building located?
The property is located at 200204 High Street Chestertown, MD.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 1860‑built downtown Chestertown building with 5 apartments and 3 storefronts; Renovated to the studs in 2022; since renovations, no vacancies reported; Replaced major systems in 2022: new electric service, wiring, plumbing (PEX), water and septic lines, and energy‑efficient water heaters and appliances
