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Duplex with Above-Garage Apartment

678 209TH STREET Pasadena, MD 21122

New
678 209TH STREET, Pasadena, MD, 21122
$599,900
For Sale
$599,900

Duplex property includes a separate apartment above the garage currently occupied by a long-term tenant.

Property Size2,736 SF
Price / SF$219.26
Days on Market7

Property Features for 678 209TH STREET

General Information

Standard status
Active
Size
2,736 SF
Property subtype
Duplex

Building Details

Year Built
1975
Listing agency Keller Williams Keystone Realty
Listed by Kev Orwig · License #RS372463
Source Cummingsrealtors
Added: Jul 15 Updated: Jul 21 at 11:51AM Checked: Jul 21 at 11:51AM

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 Keller Williams Keystone Realty


Investment Insights

Based on property information with market context.

This duplex property features a primary Colonial-style home with spacious indoor and outdoor living areas, along with a separate apartment above the garage. The main residence includes multiple gathering spaces, a country-style kitchen with an island and upgraded countertops, and a finished lower level anchored by a wood-burning fireplace. Additional interior details include built-ins, wood floors, detailed trim work, and multiple fireplaces. Outside, the property offers an enormous screened porch, a spacious deck, patio areas, a hot tub, and an above-ground pool.

The apartment above the garage is occupied by a long-term tenant, providing established rental income. The property sits on nearly three-quarters of an acre and is located in the Green Haven community, with nearby access to Green Haven Wharf for fishing, kayaking, boating, and waterfront activities, as well as Green Haven Park and Downs Park.

Overall, the layout supports flexible living arrangements alongside supplemental income from the separate unit.

Key Highlights

  • Built in 1975, nearly 3/4‑acre lot in Pasadena’s Green Haven community with extensive outdoor space for entertaining.
  • Over 3,100 finished SF with 4 bedrooms and 3.5 baths, plus spacious living and dining areas.
  • Country‑style kitchen with island and upgraded countertops, designed for gathering.

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 $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 (±1% cap)
NOI $39,754 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$527.5K
$461.6K – $615.4K (±1% cap)
NOI $36,925 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$800.4K
$700.3K – $933.8K (±1% cap)
NOI $56,025 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Dental Office Hair Salon Parking Lot & Garage Restaurant Spa & Massage Center Skin Care Clinic (Bike/Boat/Book/etc) Store Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Duplex property includes a separate apartment above the garage currently occupied by a long-term tenant.
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 $599,900.
What are key features of this property?
This property features: Built in 1975, nearly 3/4‑acre lot in Pasadena’s Green Haven community with extensive outdoor space for entertaining.; Over 3,100 finished SF with 4 bedrooms and 3.5 baths, plus spacious living and dining areas.; Country‑style kitchen with island and upgraded countertops, designed for gathering.
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