5 W CHESTNUT Street, Delmar, MD 21875
MULTI_FAMILY - Cape Cod - DELMAR, MD
- Added:
- Apr 22, 2026
- Days on Market:
- 54
- Last Refresh:
- Jun 14 at 1:06 am
Property Features for 5 W CHESTNUT Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Appliances
- Dishwasher, Oven/Range - Electric, Refrigerator
- Standard status
- Active
- Size
- 1,386 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1843
Utilities
- Heating system
- Electric (Heating), Baseboard
Building Details
- Year built
- 1989
- Number of units
- 2
- Building materials
- Vinyl Siding
- Architectural style
- Cape Cod
Listing agent Colby B Phippin License #672504 (443) 235-6735
Listing office Whitehead Real Estate Exec. 1325 Mount Hermon Road unit: Suite 11A, Salisbury, MD (410) 749-4663
Listing date Apr 22, 2026
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.
HighLights
- Duplex built in 1989 with a 2 bed / 1 bath unit (first floor) and a 1 bed / 1 bath unit (second floor)
- Both units are fully rented with established tenants in place
- Separate electric meters in place
- Tenants are responsible for water, sewer, electric, and internet
- Vinyl siding exterior with double‑pane windows and a newer roof
- Off‑street parking; electric baseboard heating
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.3k | $18.96 |
| − Vacancy | −$999 | −$0.72 |
| EGI | $25.3k | $18.24 |
| − OpEx | −$7.6k | −$5.47 |
| NOI | $17.7k | $12.77 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Delmar
- County
- Wicomico
- State
- Maryland
- Longitude
- -75.5793273
- Latitude
- 38.4534754
