Property Back to Results Property

30445 Oak St, Princess Anne, MD 21853

$300,000
: 1,920
SqFt

Add to Favorites New Search

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Add to Favorites

List Price: $300,000
Days on Market: 10
MLS#: MDSO2007906
Status: ACTIVE
Type: Multifamily
Style: Ranch
Year Built: 2006
County: Somerset
Region: Somerset East of Rt-13 (20-02)
Subdivision: None Available

Refine Search

Property Description

Turnkey income-producing duplex, walkable to Downtown Princess Anne! This well-maintained property 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 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**

(703) 623-9354

Search All Properties

Additional Information

Acres: 0.22
Lot Size: 9,415
Living Area: 1,920
Exterior Features: Rain Gutters
Roof: Architectural
Appliances: Refrigerator, Dishwasher, Electric Range, Stove, Water Heater
Cooling: Central Air
Heating: Heat Pump
Taxes: $3,167