202 Parkway Elkton, MD $ 699,000
202 Parkway
$ 699,000
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202 Parkway

Elkton, MD, 21921
$ 699,000
Bedrooms-- Baths-- Sq 6,315

Monthly Estimate*

$ 4,304

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Commercial Property for sale in Elkton, MD

for $699,000. This 6,315 square foot building was built in 1940 on a lot size of 0.43.

Outstanding opportunity to own a 6-unit brick apartment building in the highly desirable Elkton Heights neighborhood of Elkton, MD! This well-maintained, income-producing property offers a strong unit mix of four spacious 2-bedroom units and two 1-bedroom units, making it highly attractive to a wide range of tenants. The 2-bedroom units feature hardwood floors, full bathrooms, large family rooms, and separate dining rooms, along with the added bonus of front and rear deck entrances, providing excellent light, airflow, and tenant appeal. The 1-bedroom units also offer hardwood flooring, comfortable living spaces, and dining areas, creating functional and desirable layouts. Additional highlights include a large basement ideal for storage, and a 12-space private parking lot, a rare and valuable feature for multi-family properties in this area. Located in a high-demand rental market, this property delivers immediate income with strong long-term upside potential. Whether you're expanding your portfolio or acquiring a solid multi-family asset, this property checks all the boxes for cash flow, location, and tenant demand.

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Commercial Coming Soon

Price

$ 699,000

Property Type

Commercial

Taxes

$ 6,633

Style

Apartment Building

Lot Size

0.43

Year Built

1940

Town/City

Elkton

County/Region

Cecil

MLS | Web ID

MDCC2021072

Features
Interior
Heating Fuel Electric
Flooring Hardwood Carpet Vinyl
Hot Water Natural Gas
Total Stories 4
Heating Y/N Y
Central Air Y/N N
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General
Sewer Public Sewer
Heating Baseboard - Electric
Cooling Ceiling Fan(s) Window Unit(s)
Possession Settlement
Roof Architectural Shingle
Zoning R2
Construction Materials Brick
Year Built 1940
Electric 200+ Amp Service
Property Subtype Five Or More Units
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality Elkton
Business Type Apartment Building
Accessibility None
County CECIL
New Construction N
Property Type Commercial Sale
Subdivision Name ELKTON HEIGHTS
Possible Use Apartment Building Apartments
Water Access Y/N N
Status COMING SOON
Directions google maps
City ELKTON
Number Of Units Total 6
Lot Size Units Square Feet
Lot Size Square Feet 18870.00
Tax Annual Amount 6633.0
Property Condition Good
Price Per Sq Ft Total AG 86.84
Lease Considered Y/N N
Vacation Rental Y/N N
Standard Status Coming Soon
Year Built Source Assessor
Tax Lot 48
Association Recreation Fee N
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Exterior
Parking Features Paved Parking
Water Source Public
Type of Parking Parking Lot
Foundation Details Block
Water View Y/N N
Building Area Total 8049.00
Lot Size Acres 0.43
Road Surface Type Black Top
Lot Size Source Assessor
Waterfront Y/N N
Road Responsibility City/County
Land Assessed Value 90900.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 202
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* Excluded Features
List By
Integrity Real Estate

Broker

markwsaunders@outlook.com

Email

Affordability Calculator

$4,857
Per Month
89%
11%
0%
Monthly Principal & Interest
$4,304
Monthly Property Taxes
$553
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/17/2026$699,000 Listed Price

Map


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202 Parkway, Elkton, MD, 21921 is a Commercial Property for sale at $699,000 with 6,315 sqft and a lot size of 0.43. 202 Parkway was built in 1940. The property's zip code is 21921 which is in Elkton, MD