30445 Oak StreetPrincess Anne, MD 21853

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**

Property Information

Property type

Residential Income

Sub-type

Duplex

Structure type

House

Year built

2006

Living area

1,920 Sq Ft

Lot size

0.22 acres

Parking spaces

8

Zoning

R-1

Days on market

10

MLS^® Listing#

MDSO2007906

Property Features

Interior

Eat-in Kitchen · Ceiling Fan(s) · Recessed Lighting

Exterior

Rain Gutters

Appliances

Electric Range · Electric Oven · Cooktop · Electric Water Heater · Washer · Refrigerator · Dishwasher · Water Heater · Dryer

Cooling

Central Air · Ceiling Fan(s) · Electric

Heating

Electric · Heat Pump

Flooring

Carpet · Vinyl

Basement

Crawl Space

Pool

None

Parking

Gravel · Driveway

Construction

Frame · Vinyl Siding

Roof

Shingle

Sewer

Public Sewer

Water source

Public

Schools

District

SOMERSET COUNTY PUBLIC SCHOOLS

Financial Details

Annual taxes

$3,167Tax year 2026

Assessed value

$284,800

Parcel number

2001031740

Directions

Take US-13 South (also known as Ocean Highway) out of Salisbury, passing through Fruitland. Turn left onto UMES Blvd. At the traffic circle turn right onto Somerset Ave. After .6 mile turn right onto Oak St.