Renovated Triplex with Multiple
For Sale
$849,500
Pending
322 E CECIL AVENUE, North East, MD 21901
Turnkey renovated triplex with five total bedrooms across units, independent utilities, and a property-wide fire sprinkler system.
Property Size2,984 SF
Days on Market95
Property Features for 322 E CECIL AVENUE
General Information
Standard status
Pending
Size
2,984 SF
Property subtype
Triplex
Additional Details
Sprinkler System
Yes
Multifamily Units
3
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
Integrity Real Estate
(410) 287-8080
Listed By:
Carolyn Quelly · License #SL-3583372
(267) 374-6963
Source:
Cummingsrealtors
Added: Jul 9
Changed: Oct 11
Last Checked: Oct 11 at 7:47AM
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 Integrity Real Estate
Investment Insights
Based on property information with market context.
This beautifully renovated triplex offers a turnkey setup with major system and finish updates throughout, including interior finishes, appliances, and mechanicals. The property includes a brand-new, property-wide fire sprinkler system and a Maryland Lead-Free Certificate. All units are independently equipped with in-unit laundry, dedicated electrical meter/panel, and separate water heater and HVAC systems, supporting straightforward day-to-day management.
The lower level contains two separate units, each with 2 bedrooms, 1.5 bathrooms, a full kitchen, dining area, and living room. One of the lower units includes accessibility features such as a step-free entry ramp, wider doorways, and 36-inch hallways. The upper unit is accessed by a private exterior rear staircase and features 4 bedrooms, 2 full bathrooms, an eat-in kitchen, and a generous living room.
Projected market rents are approximately $2,000 per month for each lower unit and $2,500 per month for the upper unit, for an estimated gross monthly rental income of $6,500.
The lower level contains two separate units, each with 2 bedrooms, 1.5 bathrooms, a full kitchen, dining area, and living room. One of the lower units includes accessibility features such as a step-free entry ramp, wider doorways, and 36-inch hallways. The upper unit is accessed by a private exterior rear staircase and features 4 bedrooms, 2 full bathrooms, an eat-in kitchen, and a generous living room.
Projected market rents are approximately $2,000 per month for each lower unit and $2,500 per month for the upper unit, for an estimated gross monthly rental income of $6,500.
Key Highlights
- Renovated triplex (Year Built 1920) with property‑wide fire sprinkler system and Maryland Lead‑Free Certificate
- Lower level: two separate 2‑bedroom, 1.5‑bath units with full kitchens, dining areas, and living rooms
- One lower unit includes accessibility features: step‑free entry ramp, wider doorways, and 36‑inch hallways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,678
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,560
$593.6K
Cap Rate 7%
$423,971
$424.0K
Cap Rate 9%
$329,756
$329.8K
Market Conditions
NOI Build-Up for 2,984 SF
Gross rent
$45.8K $15.36/SF
− Vacancy
−$3.4K −$1.15/SF
EGI
$42.4K $14.21/SF
− OpEx
−$12.7K −$4.26/SF
NOI
$29.7K $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%
$593,560
Cap Rate 7%
$423,971
Cap Rate 9%
$329,756
Alternative Uses
Best Use
Multifamily LT 5
$424.0K
$371.0K – $494.6K
NOI $29,678 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$373.5K
$326.9K – $435.8K
NOI $26,148 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$1.11M
$968.3K – $1.29M
NOI $77,464 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
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Business Placement
Demographics for 21901, MD
18,517
Population
7,952
Households
2.3
Avg Household Size
38
Median Age
33%
College-Educated
93%
High-School Grad
48.5 sq mi
ZIP Area
382
Density / Sq Mi
$113,107
Median Household Income
$61,293
Median Earnings
$1,418
Median Rent
$342,800
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?
Triplex - Turnkey renovated triplex with five total bedrooms across units, independent utilities, and a property-wide fire sprinkler system.
Where is this triplex located?
The property is located at 322 E CECIL AVENUE North East, MD.
What is the asking price?
The asking price for this property is $849,500.
What are key features of this property?
This property features: Renovated triplex (Year Built 1920) with property‑wide fire sprinkler system and Maryland Lead‑Free Certificate; Lower level: two separate 2‑bedroom, 1.5‑bath units with full kitchens, dining areas, and living rooms; One lower unit includes accessibility features: step‑free entry ramp, wider doorways, and 36‑inch hallways
