Delmar Duplex: Investment
5 W CHESTNUT Street Delmar, MD 21875
For Sale
$219,900
MULTI_FAMILY - Cape Cod - DELMAR, MD
Property Size1,386 SF
Lot Size0.20 Acres
Price / SF$158.66
Days on Market99
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
Baseboard, Electric (Heating)
Building Details
Year built
1989
Number of units
2
Building materials
Vinyl Siding
Architectural style
Cape Cod
Listing Agency:
Whitehead Real Estate Exec.
(410) 749-4663
Listed By:
Colby B Phippin · License #672504
(443) 235-6735
Added: Apr 22
Changed: Jul 2
Last Checked: Jul 29 at 1:06PM
MLS# MDWC2022592
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.
Investment Insights
Based on property information with market context.
This duplex in Delmar presents a solid, low-maintenance investment opportunity. Constructed in 1989, the property includes a 2-bedroom, 1-bathroom unit on the first floor and a 1-bedroom, 1-bathroom unit on the second floor. Both units are currently rented with established tenants, providing immediate cash flow. The property features vinyl siding, a newer roof, and double-pane windows. Situated on a 0.2-acre lot, the building has a total area of 1386 square feet. Separate electric meters are in place. Tenants are responsible for water, sewer, electric, and internet, which keeps owner expenses low. No lead certification is required.
Key Highlights
- Duplex in Delmar with separate electric meters and both units fully rented with established tenants
- Unit mix: 2 bed/1 bath on the first floor and 1 bed/1 bath on the second floor
- Built in 1989 with vinyl siding for low‑maintenance exterior
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 |
1,386 SF · lease $18.96/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$252.8K
$221.2K – $294.9K
NOI $17,696 @ 7.0% cap · market cap 8.05%
Second Best
Apartment 5plus
$233.3K
$204.2K – $272.2K
NOI $16,334 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$484.8K
$424.2K – $565.6K
NOI $33,938 @ 7.0% cap · market cap 15.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Low-maintenance duplex in Delmar with established tenants and immediate cashflow.
Where is this duplex located?
The property is located at 5 W CHESTNUT Street Delmar, MD.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Duplex in Delmar with separate electric meters and both units fully rented with established tenants; Unit mix: 2 bed/1 bath on the first floor and 1 bed/1 bath on the second floor; Built in 1989 with vinyl siding for low‑maintenance exterior
