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5122 Main Street Grasonville, MD $ 250,000
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$ 250,000 Get more info
5122 Main Street
$ 250,000
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5122 Main Street

Grasonville, MD, 21638
$ 250,000
Bedrooms4 Baths0.0

Monthly Estimate*

$ 1,539

5122 Main Street, Grasonville, MD 21638 - Image 1

Multi-Family Home for sale in Grasonville, MD

for $250,000 with 4 bedrooms. This home was built in 1954 on a lot size of 0.64.

REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Thursday, May 28, 2026. Live On Site Auction - Friday, May 29, 2026 at 12:00 noon. List price is opening bid only. Live Auction Bidders A deposit of $30,000, payable by cashiers check, will be required of the purchaser at time and place of sale. Online Auction Bidders A deposit of $30,000, payable by cashiers check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. 5122 Main Street comprises a 5 unit apartment building in the Grasonville area of Queen Annes County. The property is located a short distance south of exit 44B from US-50, near the US-50/US-301 interchange and approximately 8 miles east of the Bay Bridge, providing a convenient location for tenants commuting throughout the Eastern Shore and Annapolis areas. The building currently has 4 of 5 units rented for a gross rent of $3,000/month ($36,000/year). The auction provides an opportunity to buy a strategically located asset with excellent upside potential.

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Multi-Family Active

Price

$ 250,000

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 2,590

Style

Lot Size

0.64

Year Built

1954

Town/City

Grasonville

County/Region

Queen Annes

MLS | Web ID

MDQA2016988
Features
General
Living Area 2655
Sewer Public Sewer
Heating Heat Pump(s)
Cooling Other
Possession Immediate
Roof Asphalt Shingle
Zoning GNC
Architectural Style Other
Construction Materials Frame
School District QUEEN ANNE'S COUNTY PUBLIC SCHOOLS
Year Built 1954
Property Subtype Other
Tax Year 2025
Ownership Fee Simple
Cool Fuel Other
Accessibility None
County QUEEN ANNES
New Construction N
Property Type Multi-Family
Subdivision Name GRASONVILLE
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions Near US-50 & Evans Avenue
City GRASONVILLE
Disclosures None
Number Of Units Total 4
Lot Size Units Square Feet
Lot Size Square Feet 27878.00
Number of Units Leased 4
Tax Annual Amount 2590.0
Two Bedroom 0
Structure Type Detached
Price Per Sq Ft Total AG 94.16
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Total Actual Rent 36000.00
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Interior
Heating Fuel Other
Hot Water Other
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N N
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Exterior
Pool No Pool
Water Source Public
Type of Parking Parking Lot
Foundation Details Other
Water View Y/N N
Lot Size Acres 0.64
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 150000.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 5122
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* Excluded Features
List By
A.J. Billig & Company

Broker

charles@ajbillig.com

Email

Affordability Calculator

$1,755
Per Month
88%
12%
0%
Monthly Principal & Interest
$1,539
Monthly Property Taxes
$216
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
3539577 Elementary School
3534123 Middle School
Kent Island High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/17/2026$250,000 Listed Price

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5122 Main Street, Grasonville, MD, 21638 is a Multi-Family Home for sale at $250,000 with a lot size of 0.64. 5122 Main Street has 4 bedrooms, 0.0 baths, and was built in 1954. The property's zip code is 21638 which is in Grasonville, MD

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