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30445 Oak Street Princess Anne, MD $ 300,000
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30445 Oak Street
$ 300,000
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30445 Oak Street

Princess Anne, MD, 21853
$ 300,000
Bedrooms5 Baths0.0

Monthly Estimate*

$ 2,072

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Multi-Family Home for sale in Princess Anne, MD

for $300,000 with 5 bedrooms. This home was built in 2006 on a lot size of 0.22.

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**

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Multi-Family Active

Price

$ 300,000

Bedrooms

5

Property Type

Multi-Family

Taxes

$ 3,167

Style

Ranch/Rambler

Lot Size

0.22

Year Built

2006

Town/City

Princess Anne

County/Region

Somerset

MLS | Web ID

MDSO2007906
Features
General
Living Area 1920
Sewer Public Sewer
Heating Heat Pump(s)
Cooling Central A/C
Possession Immediate
Roof Architectural Shingle
Appliances Refrigerator Dishwasher Oven/Range - Electric Stove Water Heater
Zoning R-1
Architectural Style Ranch/Rambler
Construction Materials Combination Frame Mixed Vinyl Siding
School District SOMERSET COUNTY PUBLIC SCHOOLS
Year Built 2006
Property Subtype Duplex
Tax Year 2026
Ownership Fee Simple
Cool Fuel Electric
Gross Income 27840.00
Accessibility Other
County SOMERSET
Net Operating Income 17307.00
New Construction N
Property Type Multi-Family
Subdivision Name NONE AVAILABLE
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
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
City PRINCESS ANNE
Number Of Units Total 2
MLS Area Somerset East of Rt-13 (20-02)
Lot Size Units Square Feet
Lot Size Square Feet 9415.00
Tax Annual Amount 3167.0
Property Condition Excellent
Two Bedroom 1
Structure Type Detached
Price Per Sq Ft Total AG 156.25
Acceptable Financing Cash Conventional FHA VA Other
Vacation Rental Y/N N
Location Type Downtown
Standard Status Active
Year Built Source Assessor
Tax Lot 4
Total Actual Rent 27840.00
Cap Rate 5.77
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Interior
Interior Amenities 2nd Kitchen Bathroom - Tub Shower Carpet Ceiling Fan(s) Entry Level Bedroom Kitchen - Eat-In Recessed Lighting
Heating Fuel Electric
Flooring Luxury Vinyl Plank Carpet
Hot Water Electric
Basement (Y/N) N
Heating Y/N Y
Central Air Y/N Y
Laundry Type Dryer In Unit Washer In Unit
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Exterior
Exterior Amenities Gutter System
Pool No Pool
Parking Features Gravel Driveway
Water Source Public
Type of Parking Driveway
Foundation Details Crawl Space
Water View Y/N N
Lot Size Acres 0.22
Lot Size Source Assessor
Waterfront Y/N N
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 30445
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* Excluded Features
List By
Northrop Realty

Broker

nicoleschreibstein@northroprealty.com

Email

Affordability Calculator

$2,336
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,072
Monthly Property Taxes
$264
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
3533478 Elementary School
3533418 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/25/2026$300,000 Listed Price

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30445 Oak Street, Princess Anne, MD, 21853 is a Multi-Family Home for sale at $300,000 with a lot size of 0.22. 30445 Oak Street has 5 bedrooms, 0.0 baths, and was built in 2006. The property's zip code is 21853 which is in Princess Anne, MD

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