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    Delmar, MD
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    Delmar, MD Multifamily Properties for Sale

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    Salisbury, MD Laurel, DE Hebron, MD Parsonsburg, MD Mardela Springs, MD Millsboro, DE Fruitland, MD Sharptown, MD
    Delmar Duplex: Investment Opportunity
    Updated: Apr 22
    Delmar Duplex: Investment Opportunity

    5 W CHESTNUT Street, Delmar, MD 21875

    $219,900
    1,386 sqft 0.20 AC lot
    Duplex in Delmar with separate electric meters and both units fully rented with established tenants
    Unit mix: 2 bed/1 bath on the first floor and 1 bed/1 bath on the second floor
    Built in 1989 with vinyl siding for low‑maintenance exterior
    Newer roof and double‑pane windows
    Tenants responsible for water, sewer, electric, and internet
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    This listing looks promising.

    Here's a quick look at some key insights for

    5 W CHESTNUT Street, DELMAR, MD 21875

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    • Est. Cap Rate

      8.1%
      Above avg (5.9%)

    • Est. NOI

      $18K
      Annual

    • Price @ 7% Cap

      $253K
      Above asking

    • Property Type

      Single Family Residence
      Built 1989
    View Property Analytics
    Delmar Multifamily Property on Route 13
    Updated: Nov 26, 2025
    Delmar Multifamily Property on Route 13

    9091 Ocean Hwy, Delmar, MD

    $595,000
    1.70 AC lot
    Direct access off US Route 13 with 500 feet of highway frontage.
    Income‑producing 6‑unit apartment complex with stable tenants.
    Potential for commercial development on 1.7 ± acres.
    Immediate income and flexibility with short‑term leases.
    Current Net Operating Income (NOI) of $44,714.
    View details
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Delmar, MD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Cape Cod Triplex with Off-Street Parking
    Cape Cod Triplex with Off-Street Parking

    803 E STATE Street, Delmar, DE 19940

    $322,000
    2,560 sqft 0.23 AC lot

    Three-unit Cape Cod triplex with off-street parking and recent system and appliance updates, suited for steady rental occupancy.

    View details
    Waterfront Development Opportunity in Salisbury
    Waterfront Development Opportunity in Salisbury

    28646 OLD QUANTICO Rd, Salisbury, MD 21801

    $379,900
    1.16 AC lot

    1.15 acres with waterfront potential, suitable for residential development.

    View details
    Well-Maintained Income-Producing Triplex
    Well-Maintained Income-Producing Triplex

    803 E STATE St, Delmar, DE 19940

    $322,000
    0.23 AC lot

    Fully rented triplex with recent updates and strong rental history.

    View details
    Condo Townhome Near Medical Complex
    Condo Townhome Near Medical Complex

    1801 WOODBROOKE Dr 1801, Salisbury, MD 21804

    $600,000

    Three-bedroom condo townhome near Route 50 and Woodbrooke medical complex.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Turnkey Camping Property in Horntown
    Turnkey Camping Property in Horntown

    354-355* SEA BASS DR lot: 2Lots, Horntown, VA 23395

    $163,500
    0.16 AC lot

    High-end camping with access to numerous amenities.

    View details
    Lot Near Crabbing Pier
    Lot Near Crabbing Pier

    WALLOPS DRIVE lot: 153, Horntown, VA 23395

    $57,500
    0.09 AC lot

    Residential lot with septic and water view in Horntown.

    View details
    Chincoteague Island Mobile Home Lot
    Chincoteague Island Mobile Home Lot

    SEAHORSE DR lot: 6B, Chincoteague, VA 23336

    $145,000
    0.12 AC lot

    Vacant lot near beach, boating, and wildlife areas.

    View details
    Chincoteague Island Lot with Utilities
    Chincoteague Island Lot with Utilities

    2339 BAY BREEZE DR lot: 44, Chincoteague, VA 23336

    $104,900
    0.05 AC lot

    Residential lot with utilities near Curtis Merritt Harbor.

    View details

    Off-Market Properties in Delmar, MD

    Consider similar Off-Market properties in Delmar, MD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    9091 Ocean Hwy
    APARTMENT HOUSE (5+ UNITS)

    9091 Ocean Hwy, Delmar, MD 21875-2370

    Value Estimation by Request
    2,466 sqft 1.70 AC lot
    View details

    Delmar, MD Multifamily Properties Market Trends and Statistics

    Explore 3 multifamily properties for sale in Delmar, MD on our real estate platform. These investment opportunities span a total of 1,386 square feet of properties for sale, with an estimated market value of $219,900.

    Sale prices for multifamily properties in Delmar, MD start at $219,900, averaging $219,900, and reaching up to $219,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1
    Duplexes 1

    Demographics Overview

    Population 7,455
    Population Growth (5Y) +15.4%
    Median Household Income $76,007
    College Educated 35.0%

    High-Yield Neighborhoods for Investment

    Identify Delmar submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    21875 $219.9K

    Taxes & Financing

    Tax Rate (average for all types) 0.99%
    Property Tax per SF $39.48 per SF
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Wicomico County

    New Delisted

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