Multifamily Investment Property

227/229 North Brown Street, Fruitland, MD 21826

Property Information

  • For Sale $455,000
  • Property Type Multi-Family
  • Property Size 2,274 SF
  • Units 2
  • Lot Size 0.16 Acre
  • Year Built 2009
  • Year Renovated 2022
  • Date Updated Jun 25, 2026

Description

From Business US-13 Turn Left onto Cedar Crossing/E Cedar Lane. At the traffic Circle continue to stay on E Cedar Lane & turn right onto N Brown Street. Duplex is on the left.Investment Opportunity in a Strong Rental Market. No changes in asking rent for 3 years and current market rent is $75-$100 higher per bedroom.

Highlights

  • 2 unit, 2274 Square Foot Duplex consisting of Two, Three Bedroom/Three bath units & are rented for 2024/2025 school year.
  • Both units are in great condition with no deferred maintenance.
  • Buyers can tour the interior of the units with an agreed upon LOI.
  • Rental Income of $41,400 and NOI of $$31,093.47
  • Tenants are responsible for all utilities & water/sewer.
  • The leases are designed to give the Landlord 12 days to turn the unit while rent is still being paid.

Contacts

Location

Located at 227/229 North Brown Street, Fruitland, MD 21826, this property is part of the Fruitland neighborhood.

  • 13/100 Car-Dependent
  • 38/100 Somewhat Bikeable
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