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12-Unit Apartment Building

805 E EAST STREET, Delmar, MD 21875

For Sale
New
$1,360,000

Each residence offers two bedrooms, one-and-a-half baths, a full kitchen, and an open living area.

Property Size12,348 SF
Price / SF$110.14
Days on Market4

Property Features for 805 E EAST STREET

General Information

Standard status Active
Size 12,348 SF
Property subtype Commercial
Occupancy 100%

Units

Unit Mix 12 x 2BR/1.5BA
Multifamily Units 12
Individually Metered Utilities electricity

Additional Details

Tenant in Place Yes

Building Details

Year Built 1974
Buildings 1
Stories 3
Listing Agency: ERA Martin Associates
Listed By: Gregory Johnson · License #677070
Source: Cummingsrealtors
Added: Nov 6 Changed: Nov 8 Last Checked: Nov 8 at 4:19PM

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 ERA Martin Associates

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Investment Insights

Based on property information with market context.

Built in 1974, this three-story apartment property contains 12,348 square feet across 12 units. Each apartment has two bedrooms, one-and-a-half baths, a full kitchen with a stove, refrigerator, and dishwasher, and a layout connecting the kitchen to the family room. The building is certified lead-free, with an MDE certificate available. The property is fully leased.

Electricity is separately metered for each unit and billed directly to tenants by Delmarva Power. The owner covers water and sewer, trash, exterior and common-area electricity, taxes, insurance, and lawn and parking-lot care. Eight units received replacement heating and air-conditioning equipment within the last two years; equipment for the other four units has been purchased and conveys with the sale.

Key Highlights

  • 12,348‑square‑foot, three‑story apartment building with 12 units
  • Each apartment includes 2 bedrooms and 1.5 baths
  • Apartments have full kitchens with stoves, refrigerators, and dishwashers

Property Analytics

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Current Use

1031 exchange properties

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Bakery Real Estate Agency HVAC Service Computer & Electronic Repair

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

Lease Details

12
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

393
Businesses Nearby

Demographics for 21875, MD

7,231
Population
3,553
Households
2
Avg Household Size
40
Median Age
27%
College-Educated
91%
High-School Grad
24.4 sq mi
ZIP Area
296
Density / Sq Mi
$76,007
Median Household Income
$51,107
Median Earnings
$1,320
Median Rent
$226,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Each residence offers two bedrooms, one-and-a-half baths, a full kitchen, and an open living area.
Where is this apartment building located?
The property is located at 805 E EAST STREET Delmar, MD.
What is the asking price?
The asking price for this property is $1,360,000.
What are key features of this property?
This property features: 12,348‑square‑foot, three‑story apartment building with 12 units; Each apartment includes 2 bedrooms and 1.5 baths; Apartments have full kitchens with stoves, refrigerators, and dishwashers
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