3-Unit Triplex with
For Sale
$395,000
630 S FREEDOM LANE, Havre de Grace, MD 21078
The building is fully occupied and includes separately metered electric service for each apartment.
Property Size1,275 SF
Price / SF$309.80
Days on Market9
Property Features for 630 S FREEDOM LANE
General Information
Standard status
Active
Size
1,275 SF
Property subtype
Triplex
Occupancy
100%
Units
Unit Mix
1 x 1BR, 1 x efficiency, 1 x 2BR
Multifamily Units
3
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1920
Buildings
1
Listing Agency:
American Premier Realty, LLC
(443) 512-0090
Listed By:
Daniel M Carson · License #514100
(443) 528-3984
Source:
Cummingsrealtors
Added: Oct 21
Changed: Oct 27
Last Checked: Oct 28 at 7:24AM
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 American Premier Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1920, this triplex contains a one-bedroom apartment and an efficiency on the main floor, plus a larger two-bedroom unit upstairs with a 13' x 10' deck. The main-level one-bedroom apartment underwent a full rehabilitation within the past year. A lead-free certificate is in place.
Exterior work includes replacement of the roof, gutters, and exterior stair, along with replacement windows, vinyl siding, a front porch, sidewalks, and mailboxes. Residents have access to a fenced rear yard and a parking area with two spaces, as well as street parking. Electric baseboard heat and window air-conditioning units serve the apartments. Water and sewer are shared.
Exterior work includes replacement of the roof, gutters, and exterior stair, along with replacement windows, vinyl siding, a front porch, sidewalks, and mailboxes. Residents have access to a fenced rear yard and a parking area with two spaces, as well as street parking. Electric baseboard heat and window air-conditioning units serve the apartments. Water and sewer are shared.
Key Highlights
- Three apartments: one bedroom, efficiency, and two bedrooms
- All three units are rented
- Main‑level one‑bedroom apartment fully rehabilitated within the past year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,327
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,540
$366.5K
Cap Rate 7%
$261,814
$261.8K
Cap Rate 9%
$203,633
$203.6K
Market Conditions
NOI Build-Up for 1,275 SF
Gross rent
$28.3K $22.20/SF
− Vacancy
−$2.1K −$1.67/SF
EGI
$26.2K $20.54/SF
− OpEx
−$7.9K −$6.16/SF
NOI
$18.3K $14.37/SF
Area
Harford County, MD
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,540
Cap Rate 7%
$261,814
Cap Rate 9%
$203,633
Alternative Uses
Best Use
Multifamily LT 5
$261.8K
$229.1K – $305.5K
NOI $18,327 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$243.9K
$213.4K – $284.6K
NOI $17,074 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$448.6K
$392.5K – $523.4K
NOI $31,403 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
713
Businesses Nearby
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Business Placement
Demographics for 21078, MD
20,321
Population
8,760
Households
2.3
Avg Household Size
46
Median Age
41%
College-Educated
93%
High-School Grad
30.1 sq mi
ZIP Area
675
Density / Sq Mi
$109,451
Median Household Income
$53,942
Median Earnings
$1,331
Median Rent
$355,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The building is fully occupied and includes separately metered electric service for each apartment.
Where is this triplex located?
The property is located at 630 S FREEDOM LANE Havre de Grace, MD.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Three apartments: one bedroom, efficiency, and two bedrooms; All three units are rented; Main‑level one‑bedroom apartment fully rehabilitated within the past year
