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5 Beds
3 Baths
1,920SqFt
Active
Turnkey income-producing duplex in the heart of Princess Anne! Take it fully occupied, or live in one side and rent out the other side! 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 rents. Current Cap Rate 6.07% with Market Potential of 8.08%. Both units are occupied with stable month to month 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**
Property Details | ||
|---|---|---|
| Price | $285,000 | |
| Bedrooms | 5 | |
| Full Baths | 3 | |
| Total Baths | 3 | |
| Property Style | Ranch/Rambler | |
| Lot Size Area Units | Square Feet | |
| Acres | 0.22 | |
| Property Type | Residential | |
| Sub type | SingleFamilyResidence | |
| MLS Sub type | Detached | |
| Stories | 1 | |
| Features | 2nd Kitchen,Bathroom - Tub Shower,Carpet,Ceiling Fan(s),Entry Level Bedroom,Kitchen - Eat-In,Recessed Lighting | |
| Exterior Features | Gutter System | |
| Year Built | 2006 | |
| Subdivision | NONE AVAILABLE | |
| Roof | Architectural Shingle | |
| Heating | Heat Pump(s) | |
| Foundation | Crawl Space | |
| Accessibility | Other | |
| Parking Description | Gravel Driveway | |
Geographic Data | ||
| Directions | Take US-13 South (also known as Ocean Highway) out of Salisbury, passing through Fruitland. Turn left onto UMES Blvd. At the traffic circle turn right onto Somerset Ave. After .6 mile turn right onto Oak St. | |
| County | SOMERSET | |
| Latitude | 38.21096 | |
| Longitude | -75.69605 | |
| Market Area | Somerset East of Rt-13 (20-02) | |
Address Information | ||
| Address | 30445 OAK ST, PRINCESS ANNE, MD 21853 | |
| Postal Code | 21853 | |
| City | PRINCESS ANNE | |
| State | MD | |
| Country | United States | |
Listing Information | ||
| Listing Office | Northrop Realty | |
| Listing Agent | Nicole Schreibstein Abbott | |
| Internet Listing Display Days On Site Y N | Y | |
| Internet Listing Display Historical Prices Y N | Y | |
| Internet Listing Display Prices Y N | Y | |
| Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
| Special listing conditions | Standard | |
| Ownership | Fee Simple | |
| Terms | Cash,Conventional,FHA,VA,Other | |
School Information | ||
| District | SOMERSET COUNTY PUBLIC SCHOOLS | |
MLS Information | ||
| Days on market | 48 | |
| MLS Status | Active | |
| Listing Date | Sep 24, 2026 | |
| Listing Last Modified | Nov 10, 2026 | |
| Tax ID | 2001031740 | |
| Tax Year | 2026 | |
| Tax Annual Amount | 3167 | |
| MLS Area | Somerset East of Rt-13 (20-02) | |
| MLS # | MDSO2007900 | |
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Last updated: 2026-11-10T20:00:25.090557Z. Listing information is provided by Bright MLS. Listings are generated from various brokers who participate in IDX. Information is deemed reliable but not guaranteed.