Renovated Duplex with Private
New
For Sale
$1,300,000
7845 JUNE Drive, Pasadena, MD 21122
Multi-Family, PASADENA, MD
Property Size3,705 SF
Lot Size1.11 Acres
Price / SF$350.88
Days on Market7
Property Features for 7845 JUNE Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Dining Room, Family Room
Parking
20
Parking features
Garage - Attached, Driveway, Off Street
Pool private
1
Interior features
2nd Kitchen, Bathroom - Stall Shower, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Breakfast Area, Built-Ins, Butlers Pantry, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Kitchen - Table Space, Pantry, Primary Bath(s), Recessed Lighting, Stove - Wood, Upgraded Countertops, Walk-in Closet(s), Wine Storage
Fireplace
1
Appliances
Cooktop, Dishwasher, Dryer, Exhaust Fan, Instant Hot Water, Microwave, Oven - Double, Oven - Wall, Range Hood, Refrigerator, Stainless Steel Appliances, Washer, Water Heater - Tankless
Subdivision
RIVIERA ISLE
Elementary school
JACOBSVILLE
Middle school
CHESAPEAKE BAY
High school
CHESAPEAKE
Elementary school district
ANNE ARUNDEL COUNTY PUBLIC SCHOOLS
Middle school district
ANNE ARUNDEL COUNTY PUBLIC SCHOOLS
High school district
ANNE ARUNDEL COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
3,705 SF
Lot size
1.11 Acres
Taxes and HOA fees
Tax Annual Amount
6072
Utilities
Heating system
Central
Cooling system
Central Air, Multi Units
Amenities
in-ground pool
saltwater hot tub
covered front porch
large covered rear patio
tankless water heaters
propane cooking
dual-fuel heating
ghost gate
community boat ramp access
Building Details
Year built
1955
Number of units
2
Building materials
Vinyl Siding
Architectural style
Ranch, Craftsman
Additional Structures
Storage
Listing Agency:
Douglas Realty LLC
(410) 255-3690
Listed By:
Joshua Shapiro · License #662949
(703) 615-5078
Added: Sep 17
Last Checked: Sep 23 at 5:06AM
MLS# MDAA2157030
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 duplex property at 7845 June Drive includes 3,705 square feet across two independent residences on 1.11 acres. The primary residence offers four bedrooms, three full bathrooms, an attached two-car garage, covered front and rear outdoor areas, and a renovated kitchen, bathrooms, and primary suite. The second residence adds 1,536 square feet with two bedrooms, two full bathrooms, a den, open living areas, a walk-in pantry, fireplace with wood stove insert, private patios, and an oversized two-car garage.
The residences are arranged around a private in-ground pool, which received new equipment, plaster, coping, and epoxy in 2026. Additional features include owned solar panels, tankless water heaters, propane cooking, central heating and air conditioning, a dedicated future car-charging circuit, and a private gated driveway entrance for the guest house. The property also includes community boat-ramp access in Pasadena, Maryland.
The residences are arranged around a private in-ground pool, which received new equipment, plaster, coping, and epoxy in 2026. Additional features include owned solar panels, tankless water heaters, propane cooking, central heating and air conditioning, a dedicated future car-charging circuit, and a private gated driveway entrance for the guest house. The property also includes community boat-ramp access in Pasadena, Maryland.
Key Highlights
- Two residences totaling 3,705 square feet on 1.11 acres
- Primary residence with 4 bedrooms, 3 full bathrooms, and attached 2‑car garage
- Guest house measures 1,536 square feet with 2 bedrooms, 2 full bathrooms, and a den
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
$53,833
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
4.14%
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%
$1,076,660
$1.1M
Cap Rate 7%
$769,043
$769.0K
Cap Rate 9%
$598,144
$598.1K
Market Conditions
NOI Build-Up for 3,705 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
$82.3K $22.20/SF
− Vacancy
−$5.3K −$1.44/SF
EGI
$76.9K $20.76/SF
− OpEx
−$23.1K −$6.23/SF
NOI
$53.8K $14.53/SF
Area
Anne Arundel County, MD
Vacancy
6.50%
Lease Rate
$22.20 /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%
$1,076,660
Cap Rate 7%
$769,043
Cap Rate 9%
$598,144
Alternative Uses
Best Use
Multifamily LT 5
$769.0K
$672.9K – $897.2K
NOI $53,833 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$714.3K
$625.0K – $833.4K
NOI $50,002 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$1.08M
$948.3K – $1.26M
NOI $75,867 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
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Business Placement
Demographics for 21122, MD
62,368
Population
23,624
Households
2.6
Avg Household Size
40
Median Age
32%
College-Educated
93%
High-School Grad
31.4 sq mi
ZIP Area
1,986
Density / Sq Mi
$121,732
Median Household Income
$63,687
Median Earnings
$2,077
Median Rent
$412,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two independent residences share a private pool, garages, patios, and access to a community boat ramp.
Where is this duplex located?
The property is located at 7845 JUNE Drive Pasadena, MD.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Two residences totaling 3,705 square feet on 1.11 acres; Primary residence with 4 bedrooms, 3 full bathrooms, and attached 2‑car garage; Guest house measures 1,536 square feet with 2 bedrooms, 2 full bathrooms, and a den
