12,348 sqft

$1,360,000

805 E EAST STREET, DELMAR MD, 21875

Price per sqft$110.14

Built in1974

Property size12,348 sqft

Property typeCommercial

Overview

Active

Active-bright

Listed Nov 6, 2026

Updated 44 min ago

Alert Investors!!!! Come research this FULLY leased, 3 floor, 12-unit apartment building with additional acreage for additional expansion. This project has a long historical track record of proved success with projected yearly gross income of $140K. Landlord pays for water and sewer, trash, exterior electricity for exterior lighting and common areas, taxes, insurance, and lawn care/parking lot. Each unit is separately metered for electricity, which is billed to the tenants directly from Delmarva Power. Each unit contains 2 bedrooms, 1.5 baths, a full kitchen, which is equipped with a stove, refrigerator, and dishwasher. Each unit has an open floorplan which kitchens that open directly to the family rooms. While cooling is provided by electric heat pumps, heating is provided by an electric furnace (forced air). Eight (8) of the twelve (12) units have had their Heating and Air components replaced with new equipment within the last two years. The equipment to replace the other 4 units has been purchased and conveys upon sale. The building has been certified as Lead-free, and the MDE certificate can be provided. Perfect project for 1031 funds!!

Additional information

MLS^® ID: MDWC2025404

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 3 Acres

Other Property Details

Taxes: $8,687
Tax Frequency: Annually

Listed by ERA Martin Associates
Listing Contact: 4102514050

The IDX display contains information sourced from the Bright MLS, Inc. as of 11/11/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 11/11/2026 at 1:35 AM UTC

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