Renovated 3-Unit Residential
For Sale
Under Contract
$849,500
322 E CECIL Avenue, North East, MD 21901
Multi-Family, NORTH EAST, MD
Property Size2,984 SF
Lot Size0.38 Acres
Price / SF$284.68
Days on Market104
Property Features for 322 E CECIL Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking
10
Parking features
Parking Lot
Subdivision
NONE AVAILABLE
Elementary school
NORTH EAST
Middle school
NORTH EAST
High school
NORTH EAST
Elementary school district
CECIL COUNTY PUBLIC SCHOOLS
Middle school district
CECIL COUNTY PUBLIC SCHOOLS
High school district
CECIL COUNTY PUBLIC SCHOOLS
Standard status
Active Under Contract
Size
2,984 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Annual Amount
4735
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Amenities
in-unit laundry
accessible unit
Building Details
Year built
1920
Number of units
1
Building materials
Vinyl Siding
Architectural style
Other
Listing Agency:
Integrity Real Estate
(410) 287-8080
Listed By:
Carolyn Quelly · License #675768
(267) 374-6963
Added: Jul 10
Changed: Oct 21
Last Checked: Oct 21 at 6:06PM
MLS# MDCC2021684
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.
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Investment Insights
Based on property information with market context.
This 2,984-square-foot triplex contains three residences: two lower-level units with 2 bedrooms and 1.5 bathrooms each, plus an upper unit with 4 bedrooms and 2 full bathrooms. Each residence includes its own laundry, electrical meter and panel, water heater, and HVAC system. The upper unit has a private rear exterior stairway. One lower unit includes a step-free ramp, wider doorways, and 36-inch hallways. Interior features include tile and quartz finishes, and the building has a property-wide fire sprinkler system and a Maryland Lead-Free Certificate. Major mechanical systems, appliances, utilities, and interior finishes have been updated. The property was built in 1920 and has vinyl siding, central air, heat pump heating, and a parking lot.
Key Highlights
- Three units: two 2‑bedroom, 1.5‑bath residences and one 4‑bedroom, 2‑bath residence
- 2,984 square feet on a 0.3817‑acre lot
- Independent laundry, electrical meter/panel, water heater, and HVAC for each unit
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences offer independent utilities, laundry, and mechanical systems for each unit.
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: Three units: two 2‑bedroom, 1.5‑bath residences and one 4‑bedroom, 2‑bath residence; 2,984 square feet on a 0.3817‑acre lot; Independent laundry, electrical meter/panel, water heater, and HVAC for each unit
