30445 Oak St, Princess Anne, MD 21853

$300,000
: 1,920
SqFt

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List Price: $300,000
Days on Market: 1
Status: ACTIVE
MLS#: MDSO2007906
Living Area: 1,920
Lot Size (Acres): 0.22
Style: Ranch/Rambler
Year Built: 2006
County: Somerset
School District: Somerset County Public Schools

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Property Description

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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Additional Information

Area: Somerset East of Rt-13 (20-02)
Subdivision: None Available
Taxes: $3167
Interior Features: 2nd Kitchen, Bathroom - Tub Shower, Carpet, Ceiling Fan(s), Entry Level Bedroom, Kitchen - Eat-In, Recessed Lighting
School District: Somerset County Public Schools
Flooring: Luxury Vinyl Plank, Carpet
Exterior Features: Gutter System
Heating: Heat Pump(s)
Heating Fuel: Electric
Cooling: Central A/C
Roof: Architectural Shingle
Water: Public
Sewer: Public Sewer