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203 W Main St , Elkton, MD 21921
$299,900
Est. Payment: $1,596.19/mo
6 Bed
4 Bath
2974 Sqft
0.17 Acres
Status: pending | Days on site: 4
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House Description

TRIPLEX! Income producing opportunity! Don’t 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 you’re 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!

Highlights

Listed by Sheila Tweed , 4435534762 RE/MAX Chesapeake , 4103989200. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.17

Year Built

1900

County

Cecil

School District

Cecil County Public Schools

Listing ID

MDCC2023460

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:6
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:4
Appliances:Dryer, Exhaust Fan, Microwave, Oven/Range - Electric, Refrigerator, Washer, Water Heater
Floor:Carpet,Laminated,Hardwood
Above Ground Sq Ft:2974
Basement:Unfinished
Other:
  • ▪ Additional:Bathroom - Tub Shower, Breakfast Area, Carpet, Combination Dining/Living, Combination Kitchen/Dining, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Traditional, Kitchen - Eat-In
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Zoning:C1 Central Comm. Multi-Family Residential.
Roof:Shingle
Others:
  • ▪ Additional:Gutter System, Sidewalks
Sewer:Public Sewer
Parking Features:Lighted Parking,Unassigned,Parking Lot
Principal Interest
$1,596
Taxes
$369

Home Price

$299,900

Loan Details

30 yrs
7%

Down Payment

20%
$59,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,596.19

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,596.19 $369.00 $0.00 $1,965.19
Yearly $19,154.32 $4,428.00 $0.00 $23,582.32
Total $574,629.75 $132,840.00 $0.00 $707,469.75
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Elkton, MD).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T23:12:42.000Z

© 2026 Bright MLS