Multi-Family Residence with Separate
678 209TH Street Pasadena, MD 21122
For Sale
$589,900
MULTI_FAMILY - Cape Cod, Cottage - PASADENA, MD
Property Size2,736 SF
Lot Size0.69 Acres
Price / SF$215.61
Days on Market14
Property Features for 678 209TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
2
Parking features
Driveway, Garage - Attached
Pool private
1
Fireplace
1
Standard status
Active
Size
2,736 SF
Lot size
0.69 Acres
Taxes and HOA fees
Tax Annual Amount
5864
Utilities
Heating system
Forced Air, Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
1975
Number of units
2
Building materials
Frame
Architectural style
Cottage, Cape Cod
Listing Agency:
Keller Williams Keystone Realty
(717) 755-5599
Listed By:
Kev Orwig · License #RS372463
(717) 318-6679
Added: Jul 17
Changed: Jul 23
Last Checked: Jul 30 at 4:06AM
MLS# MDAA2151772
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 for-sale multi-family residence includes a main Colonial-style home and a separate apartment above the garage. The property offers 4 bedrooms and 3.5 baths, with spacious living and dining areas plus a finished lower level featuring a wood-burning fireplace. Interior details include built-ins, wood floors, detailed trim work, and multiple fireplaces. Outdoor living is supported by an enormous screened porch, a spacious deck, patio areas, a hot tub, and an above-ground pool, all set on a 0.69-acre lot.
The home is located in Pasadena within the Green Haven community. The remarks describe residents’ access to Green Haven Wharf and nearby parks, including Green Haven Park and Downs Park with Chesapeake Bay shoreline, nature trails, playgrounds, fishing piers, kayak launches, and year-round family activities.
With the separate garage apartment currently occupied by a long-term tenant, the property provides an income-producing component alongside the flexibility of a larger single-home footprint and outdoor entertaining amenities.
The home is located in Pasadena within the Green Haven community. The remarks describe residents’ access to Green Haven Wharf and nearby parks, including Green Haven Park and Downs Park with Chesapeake Bay shoreline, nature trails, playgrounds, fishing piers, kayak launches, and year-round family activities.
With the separate garage apartment currently occupied by a long-term tenant, the property provides an income-producing component alongside the flexibility of a larger single-home footprint and outdoor entertaining amenities.
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 | $60.7k | $22.20 |
| − Vacancy | −$3.9k | −$1.44 |
| EGI | $56.8k | $20.76 |
| − OpEx | −$17.0k | −$6.23 |
| NOI | $39.8k | $14.53 |
2,736 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$567.9K
$496.9K – $662.6K
NOI $39,754 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$527.5K
$461.6K – $615.4K
NOI $36,925 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$800.4K
$700.3K – $933.8K
NOI $56,025 @ 7.0% cap · market cap 9.50%
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 - Separate apartment above garage is occupied by a long-term tenant providing established rental income.
Where is this duplex located?
The property is located at 678 209TH Street Pasadena, MD.
What is the asking price?
The asking price for this property is $589,900.
