Colonial-Style
For Sale
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242 Mackall St, Elkton, MD 21921
Fully leased three-unit property with professional management and established tenants in place.
Property Size3,000 SF
Lot Size0.39 Acres
Price / SF$83.30
Days on Market171
Property Features for 242 Mackall St
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.39 Acres
Property subtype
Mixed Use
Occupancy
100%
Financials
Asking Price
$249,900
Gross Income
$33,600
Units
Unit Mix
1 x 3BR/2BA, 2 x 1BR/1BA
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1940
Buildings
1
Construction
colonial-style
Tenancy
Multi
Listing Agency:
Your Home Sold Guaranteed Realty
Listed By:
Vincent Steo
(410) 793-1616
Source:
Crexi
Added: Mar 17
Changed: Aug 29
Last Checked: Aug 29 at 3:19PM
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 Your Home Sold Guaranteed Realty
Investment Insights
Based on property information with market context.
This 1940 colonial-style triplex contains approximately 3,000 square feet of finished living space on a 0.39-acre parcel. The primary residence offers 3 bedrooms and 2 full baths, while the two rear apartments each provide 1 bedroom and 1 bath. All three units are leased, and the current tenants wish to remain. Professional management oversees daily operations, with tenants responsible for all utilities.
Located at 242 Mackall St in Elkton, the property is near town amenities, shopping, commuter routes, and outdoor destinations. Meadow Park provides playgrounds, athletic fields, walking trails, and creek access. The 5,000-acre Fair Hill Natural Resources Management Area offers an 80-mile trail system, equestrian facilities, camping, fishing, and designated hunting areas. Elk Neck State Park provides Chesapeake Bay access, camping, and cabins.
The property generates $2,800/month in rental income and has an estimated 11% cap rate. Its three-unit configuration, existing occupancy, and third-party management provide a clearly defined income-producing setup.
Located at 242 Mackall St in Elkton, the property is near town amenities, shopping, commuter routes, and outdoor destinations. Meadow Park provides playgrounds, athletic fields, walking trails, and creek access. The 5,000-acre Fair Hill Natural Resources Management Area offers an 80-mile trail system, equestrian facilities, camping, fishing, and designated hunting areas. Elk Neck State Park provides Chesapeake Bay access, camping, and cabins.
The property generates $2,800/month in rental income and has an estimated 11% cap rate. Its three-unit configuration, existing occupancy, and third-party management provide a clearly defined income-producing setup.
Key Highlights
- Three‑unit triplex with approximately 3,000 square feet of finished living space
- Built in 1940 on a 0.39‑acre lot
- Unit mix includes a 3‑bedroom, 2‑bath main residence and two 1‑bedroom, 1‑bath apartments
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,316
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
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Fully leased three-unit property with professional management and established tenants in place.
Where is this triplex located?
The property is located at 242 Mackall St Elkton, 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: Three‑unit triplex with approximately 3,000 square feet of finished living space; Built in 1940 on a 0.39‑acre lot; Unit mix includes a 3‑bedroom, 2‑bath main residence and two 1‑bedroom, 1‑bath apartments
