203 W Main Street Elkton, MD $ 299,900
203 W Main Street
$ 299,900
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203 W Main Street

Elkton, MD, 21921
$ 299,900
Bedrooms-- Baths-- Sq 2,974

Monthly Estimate*

$ 2,071

203 W Main Street, Elkton, MD 21921 - Image 1
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203 W Main Street, Elkton, MD 21921 - Image 9
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Commercial Property for sale in Elkton, MD

for $299,900. This 2,974 square foot building was built in 1900 on a lot size of 0.17.

TRIPLEX! Income producing opportunity! Dont miss your chance to own this three-unit apartment building offering established rental income and excellent potential for additional revenue! Zoned commercial with multiple residential use, this property features newer windows throughout, separate electric panels for each apartment, and plenty of parking in the adjoining parking lot! The first-floor apartment offers 3 bedrooms, 2 full baths, and an additional storage area, with monthly rent of $1,400. The vacant second-floor apartment features 2 bedrooms, 1 full bath, fresh paint, and recently cleaned carpeting, offering an opportunity to secure a new tenant. Previous monthly rent was $1,350.The third-floor apartment offers 1 bedroom, with monthly rent of $1,150. Two units are currently occupied by long-term tenants, providing an established rental income stream. Tenants pay all utilities, and existing leases transfer with the property. Conveniently located near restaurants, shopping, schools, medical facilities, and everyday amenities, this property offers a desirable combination of flexibility and income potential! Whether youre a seasoned investor looking to expand your portfolio or just getting started in real estate investing, this property deserves your attention! Schedule your tour and explore the possibilities!

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Commercial Active

Price

$ 299,900

Property Type

Commercial

Taxes

$ 4,428

Style

Apartment Building

Lot Size

0.17

Year Built

1900

Town/City

Elkton

County/Region

Cecil

MLS | Web ID

MDCC2023438

Features
Interior
Heating Fuel Electric
Flooring Carpet Laminated Hardwood
Hot Water Electric
Heating Y/N Y
Central Air Y/N N
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General
Sewer Public Sewer
Heating Baseboard - Electric
Cooling None
Possession Settlement
Roof Shingle
Zoning C1
Construction Materials Block Shingle Siding
Year Built 1900
Property Subtype Mixed Use
Tax Year 2026
Ownership Fee Simple
Cool Fuel None
Business Type Apartment Building
Accessibility None
County CECIL
New Construction N
Property Type Commercial Sale
Possible Use Apartment Building Apartments Recreational Residential Multi-Family Mixed Use
Water Access Y/N N
Status ACTIVE
Directions Follow GPS. Apartment building is directly across from the hardware store. Parking is allowed anywhere in the large parking lot.
City ELKTON
Number Of Units Total 3
Lot Size Units Square Feet
Lot Size Square Feet 7231.00
Tax Annual Amount 4428.0
Price Per Sq Ft Total AG 66.41
Acceptable Financing Cash Private Other
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Total Actual Rent 48000.00
Association Recreation Fee N
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Exterior
Parking Features Lighted Parking Unassigned
Water Source Public
Inclusions Appliances: Refrigeratorss Microwaves Washer/Dryer
Type of Parking Parking Lot
Water View Y/N N
Building Area Total 4516.00
Lot Size Acres 0.17
Road Surface Type Paved
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 85300.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 203
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* Excluded Features
List By
Re/Max Chesapeake

Broker

sheilatweedremax@gmail.com

Email

Affordability Calculator

$2,440
Per Month
85%
15%
0%
Monthly Principal & Interest
$2,071
Monthly Property Taxes
$369
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
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/10/2026$299,900 Listed Price

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203 W Main Street, Elkton, MD, 21921 is a Commercial Property for sale at $299,900 with 2,974 sqft and a lot size of 0.17. 203 W Main Street was built in 1900. The property's zip code is 21921 which is in Elkton, MD