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**
Duplex located close to Downtown Princess Anne and UMES. Recent electrical and plumbing updates made. Duplex features a two bedroom one bath apartment downstairs. Upstairs is a two bedroom one bath with access to a large attic. Property has a shared laundry room downstairs and off street parking behind the house. Each unit has been renting for $1,150/mo.
TURNKEY INVESTMENT OPPORTUNITY in Princess Anne, MD. This well located 2-Unit features two income producing units with occupied tenants. First unit; 3 Bed, 1 Full bath currently rented for $1,150/monthly. Second unit; 2 Bed, 1 Full bath currently rented for $1,000/monthly.. Situated just minutes from UMES college, this property offers strong rental potential with consistent demand. Ideal for investors seeking cash flow and long term growth in a prime location. Must See. Please contact listing agent directly.
Princess Anne is located in Maryland. Princess Anne, Maryland has a population of 3,415. Princess Anne is more family-centric than the surrounding county with 34.3% of the households containing married families with children. The county average for households married with children is 27.96%.
The median household income in Princess Anne, Maryland is $37,386. The median household income for the surrounding county is $48,661 compared to the national median of $69,021. The median age of people living in Princess Anne is 25.8 years.
The average high temperature in July is 88 degrees, with an average low temperature in January of 27 degrees. The average rainfall is approximately 45.4 inches per year, with 7.8 inches of snow per year.
