Renovated 4-Unit
300 Market St., Charlestown, MD 21914
For Sale
$689,000
Updated apartments include stainless steel appliances, mini-split HVAC, and stacked laundry centers.
Property Size5,550 SF
Days on Market99
Property Features for 300 Market St.
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Asking Price
Utilities to Site
Multifamily Units
Amenities
in-unit laundry
mini-split HVAC
stainless steel appliances
private parking lot
Building Details
Building Size
Year Renovated
Buildings
Listing Agency:
SB Real Estate
Listed By:
Jeff Sellers · License MD RS0023229
(302) 275-5566
Source:
Sbrealtyco
Added: Aug 8
Changed: Nov 13
Last Checked: Nov 12 at 4:31AM
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 SB Real Estate
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Investment Insights
Based on property information with market context.
This four-unit residential income property at 300 Market St. in Charlestown, MD, received a comprehensive renovation in 2018. Apartment improvements include stainless steel appliances, mini-split HVAC units, and stacked laundry centers, providing consistent in-unit functionality across the building.
The property is reported as 100% leased and includes a private paved parking lot. A new roof was installed in 2023. Public water, sewer, and trash service support the building’s ongoing residential use.
The property is reported as 100% leased and includes a private paved parking lot. A new roof was installed in 2023. Public water, sewer, and trash service support the building’s ongoing residential use.
Key Highlights
- Four‑unit apartment building with 100% leased occupancy
- Renovated in 2018 with stainless steel appliances and mini‑split HVAC units
- Stacked laundry centers included in the apartment improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,198
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,103,960
$1.1M
Cap Rate 7%
$788,543
$788.5K
Cap Rate 9%
$613,311
$613.3K
Market Conditions
NOI Build-Up for 5,550 SF
Gross rent
$85.2K $15.36/SF
− Vacancy
−$6.4K −$1.15/SF
EGI
$78.9K $14.21/SF
− OpEx
−$23.7K −$4.26/SF
NOI
$55.2K $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%
$1,103,960
Cap Rate 7%
$788,543
Cap Rate 9%
$613,311
Alternative Uses
Best Use
Multifamily LT 5
$788.5K
$690.0K – $920.0K
NOI $55,198 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$694.8K
$607.9K – $810.6K
NOI $48,634 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $144,076 @ 7.0% cap · market cap 20.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Explore this area
Business Placement
Demographics for 21914, MD
736
Population
394
Households
1.9
Avg Household Size
44
Median Age
30%
College-Educated
93%
High-School Grad
0.7 sq mi
ZIP Area
1,051
Density / Sq Mi
$57,167
Median Household Income
$46,979
Median Earnings
$1,490
Median Rent
$300,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Updated apartments include stainless steel appliances, mini-split HVAC, and stacked laundry centers.
Where is this quadplex located?
The property is located at 300 Market St. Charlestown, MD.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Four‑unit apartment building with 100% leased occupancy; Renovated in 2018 with stainless steel appliances and mini‑split HVAC units; Stacked laundry centers included in the apartment improvements
