531 Aiken Ave - Multi-Family FOR SALE


Perryville, MD 21903
$949,000 USD
302-275-5566
531 Aiken Ave, Perryville, MD for Sale
$949,000 USD
Multi-Family - FOR SALE
1/1
null | Request Cap Rate

531 Aiken Ave
Perryville, MD 21903


OVERVIEW

SB Real Estate is proud to offer this multi-family opportunity in downtown Perryville, MD. Both freestanding apartment buildings offer a total of 8 garden-style units with 2 and 3 bedroom configurations. The site is easily accessible from Rte 40/Pulaski Hwy and is only 2 miles from Exit 93 on Interstate 95. Buildings will need some exterior renovations and the sale price is reflective of that fact. Two (2) freestanding two-story apartment buildings on .43 AC Eight (8) garden-style apartments (4 units = 2 BR, 1 BA @ 800 SF; 4 units = 3 BR, 1 BA @ 950 SF 87.5% current occupancy Public water, sewer, and natural gas Paved Parking lot @ 1.88 spaces per unit Zoned R3 - Multi-family residential in the Perryville town limits Appraised value of $1,040,000 as of May 30, 2025 Sale Price = $949,000

FOR SALE DETAILS

PRICE

$949,000 USD

PRICE/SF

$136 USD /SF

# OF UNITS

8

PRICE/UNIT

$118,625

CAP RATE

Request Cap Rate

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Listing #40 - 531 Aiken Ave, Perryville, MD

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

R3

APN/PARCEL ID

07-018975

ASK ABOUT THIS PROPERTY

Jeff SellersSB Real Estate, LLCMore Info
302-275-5566

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Jeff SellersSB Real Estate, LLCMore Info
302-275-5566

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.