Tenant-Occupied Duplex for
212 South Main Street North East, MD 21901
212 South Main Street, North East, MD, 21901
$225,000
For Sale
$225,000
Income-producing duplex with two occupied units, each with separate tenant leases.
Property Size2,096 SF
Price / SF$107.35
Days on Market104
Property Features for 212 South Main Street
General Information
- Standard status
- Active
- Size
- 2,096 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
Alberti Realty, LLC
(410) 652-2848
Listed by
Joseph Warren Avampato · License #5002497
(410) 652-2848
Source
Compass
Added: Apr 9 Updated: Jul 20 at 5:12PM Checked: Jul 21 at 6:34AM
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 Alberti Realty, LLC
Investment Insights
Based on property information with market context.
This tenant-occupied duplex offers two residential units with separate bedroom and bath layouts. Apt A is a 1-bedroom, 1-bath unit occupied by a month-to-month tenant. Apt B is a 2-bedroom, 1-bath unit occupied by a tenant on a lease term within a year.
The property is located in the city limits of North East, Maryland, within Cecil County. The listing notes that tenants are responsible for their own electric, while water and trash are paid by the owner.
The duplex setup provides a straightforward two-unit configuration for an income-producing ownership with current in-place tenants.
The property is located in the city limits of North East, Maryland, within Cecil County. The listing notes that tenants are responsible for their own electric, while water and trash are paid by the owner.
The duplex setup provides a straightforward two-unit configuration for an income-producing ownership with current in-place tenants.
Key Highlights
- Downtown North East tenant‑occupied duplex with 2 separate units
- Unit A: 1 bed, 1 bath on a month‑to‑month lease paying $950/month
- Unit B: 2 bed, 1 bath on a lease paying $1,350/month (within a year)
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.7k | $17.04 |
| − Vacancy | −$2.3k | −$1.11 |
| EGI | $33.4k | $15.93 |
| − OpEx | −$15.0k | −$7.17 |
| NOI | $18.4k | $8.76 |
2,096 SF · lease $17.04/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$297.8K
$260.6K – $347.4K
NOI $20,846 @ 7.0% cap · market cap 9.26%
Second Best
Apartment 5plus
$262.4K
$229.6K – $306.1K
NOI $18,367 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$777.3K
$680.1K – $906.9K
NOI $54,411 @ 7.0% cap · market cap 24.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Income-producing duplex with two occupied units, each with separate tenant leases.
Where is this duplex located?
The property is located at 212 South Main Street North East, MD.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Downtown North East tenant‑occupied duplex with 2 separate units; Unit A: 1 bed, 1 bath on a month‑to‑month lease paying $950/month; Unit B: 2 bed, 1 bath on a lease paying $1,350/month (within a year)
