Turnkey income-producing duplex in the heart of Princess Anne! This well-maintained 5 Bed/ 3 Bath Home, which features two units. One is 3-bedroom, 2-bath unit, and the other is a 2-bedroom, 1-bath unit generating $2,320/month in rental income with the potential to easily generate $3,000/ month based on recent market… Read More rents. Current Cap Rate 5.77% with Market Potential of 8.08%. Both units are occupied with stable tenants, including one since 2025 and the second since 2020, providing immediate cash flow from day one. A new HVAC system was installed in Unit B in 2025, and in 2019 for Unit A. Unit A has been recently updated. Separately metered electric keeps operating costs low, and the strong local rental market continues to support long-term demand. Conveniently located near UMES, healthcare, county employers, and the US Route 13 corridor, this property attracts workforce and university-affiliated tenants alike. Whether you're adding to your portfolio or purchasing your first multifamily investment, this duplex offers a proven rental history, strong cash flow, and excellent long-term investment potential. **Full Capital Expenditures Report Available Upon Request** Read Less
Courtesy of Nicole Schreibstein Abbott, Northrop Realty 302-539-0800
Listing Snapshot
Days Online
35
Last Updated
Property Type
Single Family Residential
Beds
5
Full Baths
3
Square Ft.
1,920
Lot Size
0.22 Acres
Year Built
2006
MLS Number
MDSO2007900
Additional Details
Appliances & Equipment
Refrigerator, Dishwasher, Oven/Range - Electric, Stove, Water Heater
Building
Built in 2006, Living area: 1920, Levels: 1, Construction Materials: Combination, Frame, Mixed, Vinyl Siding
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