Two-Unit Residential Income
657 Green Street Havre de Grace, MD 21078
657 Green Street, Havre de Grace, MD, 21078
$335,000
For Sale
$335,000
Duplex with two 2-bedroom apartments on one meter, featuring separate HVAC systems and updated exterior improvements.
Property Size1,920 SF
Price / SF$174.48
Days on Market162
Property Features for 657 Green Street
General Information
- Standard status
- Active
- Size
- 1,920 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1935
Listing agency
Exit Results Realty
(410) 960-9555
Listed by
Robert P. Frey
(410) 960-9555
Source
Compass
Added: Feb 11 Updated: Jul 22 at 2:59PM Checked: Jul 22 at 2:59PM
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 Exit Results Realty
Investment Insights
Based on property information with market context.
This residential income duplex is currently configured as two 2-bedroom, 1-bath apartments on a single electric meter, with the option to convert back to separate electric meters. Each unit has its own heating and cooling, supported by newer furnaces described as four years old, along with newer double-pane windows. The property also includes a new roof.
The main floor offers two bedrooms, an updated bathroom, and a combined laundry/living/dining room, with a private side entrance. The second-floor layout includes an eat-in kitchen, full-size stackable laundry, a living room, a renovated full bath, and a primary bedroom, with access via the front porch entrance. A fully finished walkup attic serves as a second bedroom or flex room.
Located in city limits in Harford County and within the Harford County Public Schools district, the home’s unit-by-unit systems and flexible attic space support its use as a straightforward two-unit setup.
The main floor offers two bedrooms, an updated bathroom, and a combined laundry/living/dining room, with a private side entrance. The second-floor layout includes an eat-in kitchen, full-size stackable laundry, a living room, a renovated full bath, and a primary bedroom, with access via the front porch entrance. A fully finished walkup attic serves as a second bedroom or flex room.
Located in city limits in Harford County and within the Harford County Public Schools district, the home’s unit-by-unit systems and flexible attic space support its use as a straightforward two-unit setup.
Key Highlights
- Two 2‑bedroom/1‑bath apartments on one electric meter; can be converted back to 2 separate electric meters
- Each apartment has separate heating and cooling with newer furnaces (about 4 years old)
- Updated double‑pane windows plus a new roof
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 | $42.6k | $22.20 |
| − Vacancy | −$3.2k | −$1.67 |
| EGI | $39.4k | $20.54 |
| − OpEx | −$11.8k | −$6.16 |
| NOI | $27.6k | $14.37 |
1,920 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$394.3K
$345.0K – $460.0K
NOI $27,599 @ 7.0% cap · market cap 8.24%
Second Best
Apartment 5plus
$367.3K
$321.4K – $428.5K
NOI $25,711 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$675.6K
$591.1K – $788.2K
NOI $47,290 @ 7.0% cap · market cap 14.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two 2-bedroom apartments on one meter, featuring separate HVAC systems and updated exterior improvements.
Where is this duplex located?
The property is located at 657 Green Street Havre de Grace, MD.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Two 2‑bedroom/1‑bath apartments on one electric meter; can be converted back to 2 separate electric meters; Each apartment has separate heating and cooling with newer furnaces (about 4 years old); Updated double‑pane windows plus a new roof
