Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    321 CHOPTANK Avenue Cambridge, MD 21613

    View on Map
    Claim this Listing
    For Sale
    $214,000

    MULTI_FAMILY - Colonial - CAMBRIDGE, MD

    Property size:
    2,140 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $100/SF
    Added:
    Jan 7, 2026
    Days on Market:
    110
    Last Refresh:
    Apr 27 at 6:06 pm

    Property Features for 321 CHOPTANK Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    2
    Parking features
    Off Street
    Appliances
    Oven/Range - Electric, Stove, Refrigerator
    Standard status
    Active
    Size
    2,140 SF
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2556

    Utilities

    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1920
    Number of units
    2
    Building materials
    Vinyl Siding
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Joseph E Hawkins

    Listing agent Joseph E Hawkins License #529248

    Listing office Hawkins Real Estate Company 26034 Ridge Manor Drive, Damascus, MD

    Listing date Jan 7, 2026

    MLS# MDDO2011336 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Cambridge Duplex Investment

    Located on Choptank Avenue in Cambridge, this turnkey duplex offers immediate cash flow and long-term upside. The property, built in 1920, features classic Eastern Shore character and is situated minutes from the historic district and waterfront. The two-unit duplex has a total area of 2,140 square feet. The upper unit includes 3 bedrooms and 1 bath, while the lower unit offers 2 bedrooms and 1 bath. Both units are currently tenant-occupied and feature separate entrances and functional layouts. A private backyard adds to the tenant appeal. Off-street parking is a significant advantage in this near-downtown location. The property is positioned to benefit from ongoing and planned waterfront revitalization efforts, supporting appreciation alongside income. The 0.081-acre lot is located in a walkable area that continues to see steady rental demand.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Dorchester
    State
    Maryland
    Longitude
    -76.07982
    Latitude
    38.57435

    Nearby Similar for Sale

    • $550,000
      3,000 SF

      Versatile Commercial Property on Ocean Gateway

      3,000 sq ft property with retail and warehouse space.
      2934 OCEAN Gtwy, Cambridge, MD 21613
      View Details
    • $899,000
      5,000 SF

      Industrial Property with Office/Apt Space

      Versatile industrial property on 3.25 acres with office/apartment space.
      5413 TATES BANK Rd, Cambridge, MD 21613
      View Details
    • $679,000

      Waterfront Horse Farm Opportunity

      10-acre waterfront horse farm with renovation potential in Cambridge, MD.
      5816 INDIAN QUARTER Road, CAMBRIDGE, MD 21613
      View Details
    • $645,000
      4,396 SF

      Cambridge Shopping Center For Sale

      Three-unit shopping center with income and value-add potential.
      321 CRUSADER Rd, Cambridge, MD 21613
      View Details
    • $300,000

      Mixed-Use Property Near Downtown Cambridge

      Commercial property with apartment and business opportunity near Route 50.
      503 MARYLAND AVENUE, CAMBRIDGE, MD 21613
      View Details
    • $199,500
      2,484 SF

      Cambridge Duplex with Water Views

      Duplex with water views in historic downtown Cambridge.
      206 MARYLAND Avenue, CAMBRIDGE, MD 21613
      View Details
    • $1,090,000
      20,780 SF

      Adaptable Warehouse/Industrial Space For Sale

      20,780 SF building on 2.19 acres, flexible for various uses.
      1200 GOODWILL Ave, Cambridge, MD 21613
      View Details
    • $700
      14,500 SF

      Cambridge Office Space For Sale

      Office space for sale featuring a receptionist area and restroom.
      807 Chesapeake Drive, Cambridge, MD 21613
      View Details
    • $1,090,000
      20,780 SF

      Adaptable Industrial/Warehouse Opportunity

      20,780 SF building on 2.19 acres, flexible layout.
      1200 Goodwill Ave, Cambridge, MD 21613
      View Details
    • $700
      590 SF

      Office Space in Cambridge, MD

      590 SF office space with receptionist area and restroom.
      807 Chesapeake Drive, Cambridge, MD 21613
      View Details
    • $1,090,000
      20,780 SF

      Adaptable Industrial/Warehouse Space Available

      20,780 SF building on 2.19 acres for sale.
      1200 Goodwill Ave, Cambridge, MD 21613
      View Details
    • $14
      62,946 SF

      Renovated Shopping Center on Route 50

      Prime shopping center on U.S. Route 50 in Cambridge, MD.
      620 Sunburst Highway, Cambridge, MD 21613
      View Details

    FAQs

    What type of property is this?
    Duplex - Income-producing duplex near historic district and waterfront.
    Where is this duplex located?
    The property is located at 321 CHOPTANK Avenue Cambridge, MD.
    What is the asking price?
    The asking price for this property is $214,000.
    What are key features of this property?
    This property features: Income‑producing duplex in a highly investable location near the historic district and waterfront.; Move‑in ready units with existing tenants for immediate cash flow.; Desirable unit mix: one 3‑bedroom/1‑bath unit and one 2‑bedroom/1‑bath unit.
    (410) 413-3575
    We can help!
    Listing Contact
    Joseph E Hawkins
    Real Estate License ID: 529248
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!