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Listed price in listed location currency (USD).
$550,000

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MLS® MDHR2050472

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 2704 sqft
Garage No
Taxes $5,586
Days Active 0
Lot Size 0.85 acres
Approx. Age 1950
Avg. Price Per Sqft $203
MLS® Number MDHR2050472

Property Address: 217 Walnut Ln, ABERDEEN, MD, 21001-2431

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey 4-Unit Investment | Stable Subsidized Income 225, 223, 219 & 217 Walnut Ln, Aberdeen, MD Excellent opportunity to acquire two duplexes (4 units total) on one lot just off Main Street in Aberdeen—walkable to downtown amenities. 4-plex asset with strong, reliable cash flow and minimal management demands. Property Details Built 1953 | Approx. 3, 600 sq. Ft. Four units: 2BR/1BA each Central A/C & heat, in-unit laundry, off-street parking Recent Improvements New roof (≈2 years) New HVAC (2025) Income & Expenses Gross rent: $6, 095/month ($1, 500–$1, 595/unit) Rents paid through local subsidized housing programs Tenants pay all utilities except water (NOI upside via billing) Tenant Profile Long-term occupancy Newest tenant in place 3+ years Low turnover, stable payment history Why It Works Consistent cash flow Low maintenance due to recent upgrades Expense and rent-growth upside Strong rental demand location Summary A true turnkey 4-unit offering dependable income, stable tenants, and future upside in a prime Aberdeen location—ideal for buy-and-hold investors.
MLS® NumberMDHR2050472
Laundry Level
Central VacNo
FireplaceNo
Acreage0.85
Exterior
GarageNo
Approx. Age1950
BasementRear Entrance, Unfinished
DrivewayGravel Driveway, On Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Four gas ranges, four refrigerators, four microwaves, three stacked washer-dryer units, and one separate washer and dryer.

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Dec 30, 2025List Date
$550,000List Price
  • Commute

Commute

Starting Address
Destination Address
217 Walnut Ln, ABERDEEN, MD

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