1-8 Lee Ter
Easton, MD 21601
1-6-8 Lee Terrace · Multifamily Property For Sale · 6 Units

1-6-8 Lee Terrace offers a unique opportunity to a buyer for “upside” with minimal improvements needed in a fully occupied property. The facilities have been maintained to a high standard while rents have been below market, presenting an opportunity for a higher return on investment if brought to market rates. Being off S Washington street gives the property quick access to many local amenities, Route 50, and the Easton Bypass.
The area is also marked with an above average household income, University of Maryland Shore Medical Pavillion, a strong local employer base, and easy access to public amenities such as Idlewild Park and the YMCA. With housing prices increasing, the demand for downtown apartments is increasing. The property has been fully occupied since acquisition and has maintained the occupancy even after rent increases. These units have been fully renovated over the past 2 years and were brought to a lead-free status in 2025.