Building Details

Building Size 1,600 SF

Year Built 1920

Units 2

Listing Agency: Coldwell Banker/Bud Church Rea c***@yahoo.com Show Phone

Listed By: Chase Church · License #305250 Show Phone

Source: Elliman

Added: Nov 27, 2025 Changed: Aug 19 Last Checked: Aug 26 at 12:35PM

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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 Coldwell Banker/Bud Church Rea

Investment Insights

Based on property information with market context.

This is an investment property located in Newark, Maryland, featuring a duplex situated on 3.2 acres. The property offers the potential for expansion to include another cottage or home, subject to verification with Worcester County. The duplex consists of two units, both connected to central water and sewer. The first unit includes two bedrooms, two bathrooms, a full kitchen, and a washer and dryer. The second unit features one bedroom, one bathroom, a full kitchen, and a washer and dryer. This property presents an opportunity for income generation or personal residence with rental income from the other unit. Showings require 24-hour notice.

Key Highlights

• Income‑generating duplex property.
• Large 3.2‑acre lot with expansion potential (subject to verification).
• Two separate units, each with a full kitchen and washer/dryer.

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$16,783

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

4.00%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$335,660 $335.7K

Cap Rate 7%

$239,757 $239.8K

Cap Rate 9%

$186,478 $186.5K

Market Conditions

NOI Build-Up for 1,600 SF 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.

Gross rent

$25.9K $16.20/SF

− Vacancy

−$1.9K −$1.22/SF

EGI

$24.0K $14.99/SF

− OpEx

−$7.2K −$4.50/SF

NOI

$16.8K $10.49/SF

Area

Worcester County, MD

Vacancy

7.50%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$335,660

Cap Rate 7%

$239,757

Cap Rate 9%

$186,478

Alternative Uses

Best Use

Multifamily LT 5

$239.8K

$209.8K – $279.7K (±1% cap)

NOI $16,783 @ 7.0% cap · market cap 4.00%

Second Best

Apartment 5plus

$215.1K

$188.2K – $251.0K (±1% cap)

NOI $15,058 @ 7.0% cap · market cap 3.59%

Theoretical Best

Office A

$384.5K

$336.4K – $448.6K (±1% cap)

NOI $26,915 @ 7.0% cap · market cap 6.41%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Auto Repair Shop Auto Parts Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

30

Businesses Nearby

Explore this area Business Placement

Demographics for 21841, MD

903

Population

455

Households

2

Avg Household Size

44

Median Age

21%

College-Educated

97%

High-School Grad

28.2 sq mi

ZIP Area

32

Density / Sq Mi

$78,036

Median Household Income

$50,903

Median Earnings

$1,677

Median Rent

$326,200

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Investment property featuring two units on 3.2 acres.

Where is this duplex located?

The property is located at 7109 DAFFODIL LN Rd Newark, MD.

What is the asking price?

The asking price for this property is $419,900.

What are key features of this property?

This property features: Income‑generating duplex property.; Large 3.2‑acre lot with expansion potential (subject to verification).; Two separate units, each with a full kitchen and washer/dryer.