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Property profile & analytics
OFF-MARKET
Distribution properties

8340 Langmaid Rd Newark, MD 21841-2114

1,576 SF 0.74 ac lot Built 1986
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US40-0337118
Property summary
AI-generated overview

This exceptional 4,736 square foot multi-family property, situated on a 0.74-acre lot at 8340 Langmaid Road in Newark, Maryland, presents a unique investment opportunity. The building has undergone a complete renovation, transforming it into a highly desirable rental property with significant upside potential. Each of the four units boasts two bedrooms and one bathroom, complemented by a private garage. The extensive renovation included the installation of brand new granite countertops and stainless steel appliances in every kitchen. Modern upgrades extend throughout, encompassing all new flooring, electrical systems, heating and air conditioning, roofing, siding, and garage doors. The property's proximity to the beach offers tenants a desirable coastal lifestyle, while its slightly removed location ensures a peaceful, serene environment. The flexible design allows for continued operation as a four-unit apartment building, or the property could be easily converted into individual condominiums, catering to a diverse range of buyers and renters. The high-quality renovations and prime location make this a strong investment prospect with excellent potential for long-term rental income or condominium sales. The property is priced at $785,000 and offers a compelling return on investment. This is a rare opportunity to acquire a turnkey, fully renovated multi-family property in a highly sought-after location.

Property profile
Verified
Property type Distribution properties
Use group COM AUTO TRANS/STORAGE
Year built 1986
Construction BRICK
Total area 1,576 SF
Lot 0.74 ac (32,234 SF)
Zoning code V-1
APN 04-004167
UPID US40-0337118
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Davis Srategic Development LLC · 4 yrs held
Davis Srategic Development LLC
since 2021
Last sale
$320,000
4 recorded transactions
2021
$320,000
2017
$300,000
2009
$219,200
2006
Price N/A
Zoning & alternative use
V-1 · Newark, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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