Turnkey Investment Opportunity in
823 ONTARIO Street Havre de Grace, MD 21078
823 ONTARIO Street, Havre de Grace, MD, 21078
$385,000
For Sale
Under Contract
$385,000
MULTI_FAMILY - HAVRE DE GRACE, MD
Property Size2,071 SF
Lot Size0.23 Acres
Price / SF$185.90
Days on Market77
Property Features for 823 ONTARIO Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active Under Contract
- Size
- 2,071 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3720
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1869
- Number of units
- 3
Listing Agency
Compass
(443) 873-3585
921 E Fort Avenue unit: 104, WASHINGTON, MD
Listed by
Jami Saval · License #5004467
(410) 935-1393
Added: May 2 Checked: Jul 17 at 7:06 am
MLS# MDHR2054120
Listing URL
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 tenant-occupied multi-unit home in Havre de Grace, Maryland, presents a turnkey investment opportunity. The property features three units and is situated in a convenient location near shopping, dining, and major commuter routes. The property is well-maintained and offers immediate rental income. The lot size is 0.225 acres and the property size is 2071 square feet. The current lease provides stability, making this a potential entry into real estate investing.
Key Highlights
- Turnkey investment opportunity with immediate rental income
- Tenant‑occupied with current lease in place for stability
- Multi‑unit property (3 units) for diversified income streams
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 | $46.0k | $22.20 |
| − Vacancy | −$3.4k | −$1.67 |
| EGI | $42.5k | $20.54 |
| − OpEx | −$12.8k | −$6.16 |
| NOI | $29.8k | $14.37 |
2,071 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$425.3K
$372.1K – $496.2K
NOI $29,770 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$396.2K
$346.7K – $462.2K
NOI $27,733 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$728.7K
$637.6K – $850.2K
NOI $51,009 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Tenant-occupied multi-unit home near shopping, dining, and commuter routes.
Where is this triplex located?
The property is located at 823 ONTARIO Street Havre de Grace, MD.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Turnkey investment opportunity with immediate rental income; Tenant‑occupied with current lease in place for stability; Multi‑unit property (3 units) for diversified income streams
