Building Details

Buildings 2

Listing Agency: Alberti Realty, LLC Show Phone

Listed By: Joseph Warren Avampato · License #5002497 Show Phone

Source: Keygroupmd

Added: Aug 22 Changed: Oct 11 Last Checked: Oct 16 at 8:46AM

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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 Alberti Realty, LLC

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Investment Insights

Based on property information with market context.

This multifamily property includes a 2,472-square-foot house with 12 bedrooms and 2 bathrooms, along with a separate mobile home offering 3 bedrooms and 1 bathroom. The house was built in 1950.

Both dwellings are occupied under month-to-month tenancy arrangements. The property is located at 965 Cokesbury Rd in Port Deposit, Maryland.

Key Highlights

• 2,472‑square‑foot house with 12 bedrooms and 2 bathrooms
• Separate mobile home with 3 bedrooms and 1 bathroom
• Both dwellings have month‑to‑month tenants

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,662

Cap Rate

6.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$433,240 $433.2K

Cap Rate 7%

$309,457 $309.5K

Cap Rate 9%

$240,689 $240.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,472 SF

Gross rent

$42.1K $17.04/SF

− Vacancy

−$2.7K −$1.11/SF

EGI

$39.4K $15.93/SF

− OpEx

−$17.7K −$7.17/SF

NOI

$21.7K $8.76/SF

Area

Cecil County, MD

Vacancy

6.50%

Lease Rate

$17.04 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$433,240

Cap Rate 7%

$309,457

Cap Rate 9%

$240,689

Alternative Uses

Best Use

Apartment 5plus

$309.5K

$270.8K – $361.0K (±1% cap)

NOI $21,662 @ 7.0% cap · market cap 6.79%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$916.7K

$802.2K – $1.07M (±1% cap)

NOI $64,172 @ 7.0% cap · market cap 20.12%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Building Supply Electrical Service Auto Parts Store Big Box & Wholesale Store Storage Facility Auto Repair Shop

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

2

Residential units

Location Intelligence

Trade Area within ½ mile

32

Businesses Nearby

Explore this area Business Placement

Demographics for 21904, MD

6,689

Population

2,787

Households

2.4

Avg Household Size

43

Median Age

25%

College-Educated

91%

High-School Grad

23.6 sq mi

ZIP Area

283

Density / Sq Mi

$84,375

Median Household Income

$52,247

Median Earnings

$1,245

Median Rent

$318,800

Median Home Value

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?

Multifamily property - Two residential dwellings include a large house and a separate mobile home with month-to-month occupancy.

Where is this multifamily property located?

The property is located at 965 COKESBURY RD Port Deposit, MD.

What is the asking price?

The asking price for this property is $319,000.

What are key features of this property?

This property features: 2,472‑square‑foot house with 12 bedrooms and 2 bathrooms; Separate mobile home with 3 bedrooms and 1 bathroom; Both dwellings have month‑to‑month tenants