Multi-Unit Apartment Building with Five
For Sale
$1,350,000
3109 OCEAN GATEWAY, Cambridge, MD 21613
Five fully leased units plus an additional tenant-occupied residential parcel offer a turn-key setup for long-term rental ownership.
Property Size10,130 SF
Days on Market399
Property Features for 3109 OCEAN GATEWAY
General Information
Standard status
Active
Size
10,130 SF
Property subtype
Five Or More Units
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$8,817
Building Details
Building Size
10,130 SF
Year Built
2024
Listing Agency:
Benson & Mangold, LLC
Listed By:
Chuck V Mangold Jr. · License #527518
(410) 924-8832
Source:
Barnesrealestatecompany
Added: Aug 13, 2025
Changed: Sep 4
Last Checked: Sep 14 at 10:52AM
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 Benson & Mangold, LLC
Investment Insights
Based on property information with market context.
This multi-unit apartment building at 3109 Ocean Gateway, Cambridge, MD 21613 includes five fully leased residential units. The current tenant base is described as long-term and well-established, supporting a low-turnover ownership experience per the property remarks. An additional residential parcel is included in the offering and is also tenant-occupied, providing further income continuity alongside the main building’s units.
The property is described as having convenient access to major routes, with connections to surrounding Eastern Shore communities and beyond, while still maintaining a stable, tenant-friendly setting.
For investors and buyers seeking straightforward, income-producing residential real estate, this structure is designed around existing occupancy. The offering combines multiple leased units within one package, plus an included tenant-occupied parcel, which may appeal to those looking to add established, long-term tenancies to a portfolio rather than manage initial lease-up.
The property is described as having convenient access to major routes, with connections to surrounding Eastern Shore communities and beyond, while still maintaining a stable, tenant-friendly setting.
For investors and buyers seeking straightforward, income-producing residential real estate, this structure is designed around existing occupancy. The offering combines multiple leased units within one package, plus an included tenant-occupied parcel, which may appeal to those looking to add established, long-term tenancies to a portfolio rather than manage initial lease-up.
Key Highlights
- Year built 2024
- Five fully leased units with long‑term, well‑established tenants
- Includes a residential space on Aireys Road
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Explore this area
Business Placement
Demographics for 21613, MD
17,967
Population
9,331
Households
1.9
Avg Household Size
44
Median Age
21%
College-Educated
87%
High-School Grad
153.7 sq mi
ZIP Area
117
Density / Sq Mi
$53,171
Median Household Income
$38,078
Median Earnings
$965
Median Rent
$279,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five fully leased units plus an additional tenant-occupied residential parcel offer a turn-key setup for long-term rental ownership.
Where is this apartment building located?
The property is located at 3109 OCEAN GATEWAY Cambridge, MD.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Year built 2024; Five fully leased units with long‑term, well‑established tenants; Includes a residential space on Aireys Road
