Occupied Two-Unit
For Sale
$239,999
88 KIST RD, Elkton, MD 21921
Separate front and rear residences are leased to month-to-month tenants.
Property Size1,118 SF
Price / SF$214.67
Days on Market51
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Property Features for 88 KIST RD
General Information
Standard status
Active
Size
1,118 SF
Property subtype
Multi-family
Listing Agency:
Alberti Realty, LLC
(443) 981-8000
Listed By:
Joseph Warren Avampato · License #5002497
(410) 652-2848
Source:
Graves
Added: Aug 26
Changed: Oct 7
Last Checked: Oct 14 at 10:41PM
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 Alberti Realty, LLC
Investment Insights
Based on property information with market context.
This duplex includes two separate residences. The front unit has three bedrooms and one bathroom, while the rear unit provides one bedroom and one bathroom. Both residences are occupied by month-to-month tenants, and the property will transfer with occupancy in place.
The property is located at 88 KIST RD in Elkton, Maryland 21921.
The property is located at 88 KIST RD in Elkton, Maryland 21921.
Key Highlights
- Two separate residential units in a duplex configuration
- Front residence includes 3 bedrooms and 1 bathroom
- Rear residence includes 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,119
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,380
$222.4K
Cap Rate 7%
$158,843
$158.8K
Cap Rate 9%
$123,544
$123.5K
Market Conditions
NOI Build-Up for 1,118 SF
Gross rent
$17.2K $15.36/SF
− Vacancy
−$1.3K −$1.15/SF
EGI
$15.9K $14.21/SF
− OpEx
−$4.8K −$4.26/SF
NOI
$11.1K $9.95/SF
Area
Cecil County, MD
Vacancy
7.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,380
Cap Rate 7%
$158,843
Cap Rate 9%
$123,544
Alternative Uses
Best Use
Multifamily LT 5
$158.8K
$139.0K – $185.3K
NOI $11,119 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$140.0K
$122.5K – $163.3K
NOI $9,797 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$414.6K
$362.8K – $483.7K
NOI $29,023 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Explore this area
Business Placement
Demographics for 21921, MD
44,983
Population
18,782
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
92%
High-School Grad
94.7 sq mi
ZIP Area
475
Density / Sq Mi
$84,608
Median Household Income
$48,300
Median Earnings
$1,413
Median Rent
$296,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate front and rear residences are leased to month-to-month tenants.
Where is this duplex located?
The property is located at 88 KIST RD Elkton, MD.
What is the asking price?
The asking price for this property is $239,999.
What are key features of this property?
This property features: Two separate residential units in a duplex configuration; Front residence includes 3 bedrooms and 1 bathroom; Rear residence includes 1 bedroom and 1 bathroom
