Description
Exceptional investment opportunity in the heart of Sharptown, Maryland! 600 Main Street is a fully renovated triplex offering three income-producing residential units and a rare combination of modern updates, strong rental appeal, and future development potential. Noted zoned mixed use - potential for conversion of commercial space. Extensively improved throughout, the property features three updated apartments consisting of two spacious 2-bedroom, 1-bath units and one oversized 1-bedroom, 1-bath unit. Each apartment has been thoughtfully renovated with updated flooring, fresh paint, granite countertops, stainless steel appliances, upgraded fixtures, and modern finishes designed to attract and retain quality tenants. The building has undergone significant exterior improvements, including a newer roof, updated windows and doors, a recently power-washed exterior, and an expanded stone parking area with security lighting. Major system upgrades include plumbing, electrical, drywall, and interior improvements throughout the property, providing investors with a truly turnkey asset. The upper-level apartment offers a spacious floor plan with a large living room, generous bedrooms, and abundant natural light. The additional two-bedroom unit features a private deck, updated kitchen, and comfortable living space. The third apartment includes approximately 1,200 square feet of living area with a large kitchen featuring granite countertops and stainless-steel appliances, expansive living areas, and ample storage. A significant bonus is the additional lot included with the property. The extra parcel offers future possibilities for a garage, workshop, additional storage, or potential future development opportunities, subject to local approvals. The grounds have been professionally cleared and landscaped for easy maintenance while providing ample parking for tenants and guests. Located near the scenic Nanticoke River, Sharptown continues to attract residents seeking small-town charm with convenient access to Salisbury, Seaford, Delmar, Cambridge, and Easton. With limited multifamily inventory available in the area, this property presents a rare opportunity to acquire a fully renovated, income-producing asset with a strong Gross Rent Multiplier (GRM), excellent rental history, and long-term upside potential. Whether you're looking to expand your investment portfolio or acquire a turnkey multifamily property with additional land and future opportunities, 600 Main Street delivers immediate income, quality renovations, and exceptional value. Owner is a licensed real estate agent.
Details
| MLS # | MDWC2023508 |
|---|---|
| Listing Type | For Sale |
| Style | Other |
| Building Name | NONE AVAILABLE |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1900 |
| Days On Site | 114 |
| Listing Provided By | Benson & Mangold, LLC | Katelin Patricia Webb Murphy |
Features
| Bed(s) | 1 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 1,000 |
| Story(s) | 1 |
| Zoning | NONE |
Interior
| Cooling | Ceiling Fan(s) |
|---|---|
| Heating Yes / No | Yes |
| Heating | Baseboard - Electric |
Exterior
| Construction Materials | Vinyl Siding |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 0 |
|---|
Area Information
| State | MD |
|---|---|
| County | WICOMICO MD |
| City | SHARPTOWN |
| Zip Code | 21861 |
| Area | Wicomico Northwest (23 01) |
| Community Name | NONE AVAILABLE |
| School District | WICOMICO COUNTY PUBLIC SCHOOLS |
| Listing VS Median (in NONE AVAILABLE) | |
Price: $724,900 low | high Med: $359,000 sqft: 1,000 low | high Med: 1,314 $ / sqft: $725 low | high Med: $273 On site: 114 low | high Med: 12 | |
Market Activity 21861
Request a showing
Request a showing
Contact
Learn More About This Property
| State | MD |
|---|---|
| County | WICOMICO MD |
| City | SHARPTOWN |
| Zip Code | 21861 |
| Area | Wicomico Northwest (23 01) |
| Community Name | NONE AVAILABLE |
| School District | WICOMICO COUNTY PUBLIC SCHOOLS |
| Listing VS Median (in NONE AVAILABLE) | |
Price: $724,900 low | high Med: $359,000 sqft: 1,000 low | high Med: 1,314 $ / sqft: $725 low | high Med: $273 On site: 114 low | high Med: 12 | |