With two separately metered 2-bedroom units, this property offers investors the opportunity to create two independent income streams under one roof.
Based on nearby rental comparables, estimated market rent is approximately $1,200+/month per unit, giving the property potential gross rental income of:
$2,400+/Month
$28,800+/Year
The separate meters and entrances are major advantages for a rental investor, while the rear parking pad adds additional functionality for tenants.
Buyer to independently verify legal use, licensing requirements, utility configuration and achievable market rents.
RENTAL COMPARABLES
611 Locust St, Unit B - Rented for $1,200/Month on 12/1/25
301 Washington St - Rented for $1,100/Month on 9/27/25 - 1 Bedroom Unit
With 301 Washington achieving $1,100/month as a 1-bedroom unit, the subject property's 2-bedroom units offer a compelling case for approximately $1,200+/month per unit, subject to condition and renovation level.
COMPARABLE SALES
309 Maryland Ave - Sold for $225,000 on 7/17/26
321 Choptank Ave - Sold for $205,000 on 7/27/26
628/630 High St - Sold for $215,000 on 3/9/26
Recent comparable sales range from $205K to $225K, supporting a potential renovated value of $225K+ depending on condition and improvements.
THE OPPORTUNITY
$105K START | $225K+ ARV | $2,400+/MO RENT POTENTIAL
At the $105K starting price, there is approximately $120K in gross spread to a $225K ARV before renovation, financing, holding, closing and resale costs.
For investors looking to hold instead, two estimated rents of $1,200+/month could generate approximately $28,800 in gross annual rental income before vacancy, maintenance, taxes, insurance, management and other operating expenses.
With two separately metered units, separate entrances, off-street parking and two bedrooms per unit, this one offers multiple ways to make the numbers work.
Flip it. BRRRR it. Rent both units. Build the portfolio.
ACCESS
Vacant / Access by Appointment
PURCHASE TERMS
Cash or Hard Money Only
Non-Refundable EMD Required
Buyer Responsible for Their Own Due Diligence
Property Sold As-Is
Buyer Pays All Closing Costs
Quick Closing Preferred
CONTACT
Liz KeyserCall/Text 667-401-4552
Buyer to independently verify property condition, legal use and unit count, rental licensing, square footage, utility/meter configuration, mechanical systems, achievable rents, comparable sales, ARV, repair scope and all other information.
More About This Property
Nearby Deals
Nearby Markets12 cities · 8 counties · 12 ZIP codes
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ARV $225,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $45,000.
