5-Unit Apartment
For Sale
Contact for pricing
5122 Main Street, Grasonville, MD 21638
Five-unit residential property with four occupied units, public utilities, and access to US-50 and US-301.
Property Size2,655 SF
Lot Size0.64 Acres
Price / SF$94.16
Days on Market126
Property Features for 5122 Main Street
General Information
Standard status
Active
Size
2,655 SF
Total Parking Spaces
8
Lot size
0.64 Acres
Property subtype
Multifamily
Zoning
GNC - Grasonville Neighborhood Commercial District
Occupancy
80%
Investment Type
Value Add
Net Operating Income
$33,410
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Gross Income
$36,000
Multifamily Units
5
Building Details
Year Built
1954
Buildings
1
Stories
1
Units
5
Tenancy
Multi
Construction
frame
Listing Agency:
A.J. Billig & Co. Auctioneers
(410) 296-8440
Listed By:
Charles Billig · License #MD 620779
Source:
Crexi
Added: Apr 27
Changed: Aug 30
Last Checked: Aug 30 at 1:07PM
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 A.J. Billig & Co. Auctioneers
Investment Insights
Based on property information with market context.
This 2,655-square-foot, one-and-one-half-story frame apartment building is configured with five separate dwelling units and exterior entrances. The property includes a front addition with a metal roof and a rear section with asphalt shingles. Unit interiors have varied finishes, including hardwood, carpet, LVP, and vinyl flooring. Heating includes electric baseboard and propane-fired hot-water baseboard systems, with window AC units and propane ranges. One apartment is gutted and vacant, while four units are occupied. The building has three electric meters and has previously been MDE lead registered.
The 0.64-acre parcel fronts approximately 105 feet along Main Street (MD-18), with depths of approximately 260 feet. A gravel parking area accommodates 8+ cars, and the property has public water and sewer. The site is 0.4 mile south of US-50, near the US-50/US-301 interchange, and approximately 8 miles west of the Chesapeake Bay Bridge. Zoning is GNC - Grasonville Neighborhood Commercial District; the property is believed to be approved for five dwelling units.
The 0.64-acre parcel fronts approximately 105 feet along Main Street (MD-18), with depths of approximately 260 feet. A gravel parking area accommodates 8+ cars, and the property has public water and sewer. The site is 0.4 mile south of US-50, near the US-50/US-301 interchange, and approximately 8 miles west of the Chesapeake Bay Bridge. Zoning is GNC - Grasonville Neighborhood Commercial District; the property is believed to be approved for five dwelling units.
Key Highlights
- 2,655‑square‑foot apartment building arranged for 5 dwelling units
- Four of five units occupied; one apartment is gutted and vacant
- 0.64‑acre parcel with approximately 105′ of Main Street (MD‑18) frontage
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
Explore this area
Business Placement
Demographics for 21638, MD
5,058
Population
2,219
Households
2.3
Avg Household Size
44
Median Age
43%
College-Educated
93%
High-School Grad
9.9 sq mi
ZIP Area
511
Density / Sq Mi
$130,804
Median Household Income
$60,981
Median Earnings
$1,630
Median Rent
$491,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit residential property with four occupied units, public utilities, and access to US-50 and US-301.
Where is this apartment building located?
The property is located at 5122 Main Street Grasonville, MD.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,655‑square‑foot apartment building arranged for 5 dwelling units; Four of five units occupied; one apartment is gutted and vacant; 0.64‑acre parcel with approximately 105′ of Main Street (MD‑18) frontage
