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104 Maple Ave 6 Unit Apartment Building $1,912,248 CAD ($318,708 CAD/Unit) Chestertown, MD 21620



Executive Summary
104 Maple Avenue in Chestertown. with a well-balanced unit mix, including one 3-bedroom unit and five 2-bedroom units—appealing to long-term occupancy stability.
Each unit has been updated with features designed for durability and tenant retention, including engineered hardwood or hardwood flooring, updated kitchens with quartz countertops (select units), recessed LED lighting, and in-unit washer/dryer setups in most units. Additional highlights across units include dishwashers, garbage disposals, ceiling fans, and mini-split systems, providing modern comfort and efficiency.
The current ownership has made significant building-wide improvements, reducing future capital expenditure risk for the next investor. All major updates were done in 2019.
Situated in Chestertown’s historic and walkable community, tenants benefit from proximity to the town’s vibrant downtown, known for its locally owned restaurants, waterfront views along the Chester River, boutique shopping, and year-round events. The presence of Washington College adds to the area’s stability and rental demand, while the town’s charm and quality of life continue to attract long-term residents.
This is a turnkey, stabilized asset with strong fundamentals, minimal deferred maintenance, and clear upside through continued rent optimization and operational efficiencies.
Each unit has been updated with features designed for durability and tenant retention, including engineered hardwood or hardwood flooring, updated kitchens with quartz countertops (select units), recessed LED lighting, and in-unit washer/dryer setups in most units. Additional highlights across units include dishwashers, garbage disposals, ceiling fans, and mini-split systems, providing modern comfort and efficiency.
The current ownership has made significant building-wide improvements, reducing future capital expenditure risk for the next investor. All major updates were done in 2019.
Situated in Chestertown’s historic and walkable community, tenants benefit from proximity to the town’s vibrant downtown, known for its locally owned restaurants, waterfront views along the Chester River, boutique shopping, and year-round events. The presence of Washington College adds to the area’s stability and rental demand, while the town’s charm and quality of life continue to attract long-term residents.
This is a turnkey, stabilized asset with strong fundamentals, minimal deferred maintenance, and clear upside through continued rent optimization and operational efficiencies.
Property Facts
| Price | $1,912,248 CAD | Building Class | C |
| Price Per Unit | $318,708 CAD | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 5,472 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1927 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R3 | ||
| Price | $1,912,248 CAD |
| Price Per Unit | $318,708 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 5,472 SF |
| No. Stories | 3 |
| Year Built | 1927 |
| Opportunity Zone |
Yes |
| Zoning | R3 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Hardwood Floors
- Refrigerator
- Range
- Tub/Shower
- Views
- Yard
- Basement
- Deck
- Family Room
- Freezer
- Linen Closet
- Pantry
- Porch
- Quartz Countertops
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $3,152 CAD | 900 |
| 2+2 | 2 | $2,698 CAD | 900 |
| 2+1 | 3 | $1,997 CAD | 800 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 04-004841 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $949,042 CAD |
Property Taxes
Parcel Number
04-004841
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$949,042 CAD
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104 Maple Ave
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