Investment opportunity!!! Fully rented, great capitalization rate on this 4500+ sqft building. Building is brimming with Ridgely's proud history dating back to 1867. Property has been well maintained to preserve its condition. Both ground level units are successful businesses, 2nd floor 2 bedroom unit, 3rd floor 2 bedroom unit. Looking for cash flow or just a safe investment call today.
Sold for $280,000 on 01/09/24
$280,000
2 W Railroad Ave, Ridgely, MD 21660
--beds
0baths
3,490sqft
MultiFamily
Built in 1890
-- sqft lot
$324,100 Zestimate®
$80/sqft
$1,150 Estimated rent
Home value
$324,100
$263,000 - $395,000
$1,150/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Baseboard, Forced air
Interior area
- Total interior livable area: 3,490 sqft
Property
Lot
- Size: 4,791 sqft
Details
- Parcel number: 07004699
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Metal
Condition
- Year built: 1890
Community & neighborhood
Location
- Region: Ridgely
Price history
| Date | Event | Price |
|---|---|---|
| 1/9/2024 | Sold | $280,000+47.4%$80/sqft |
Source: Public Record | ||
| 10/21/2021 | Sold | $190,000-12.4%$54/sqft |
Source:  Bright MLS #MDCM2000240 | ||
| 10/18/2021 | Pending sale | $217,000$62/sqft |
Source: Bright MLS #MDCM2000240 | ||
| 9/15/2021 | Contingent | $217,000$62/sqft |
Source: Bright MLS #MDCM2000240 | ||
| 7/21/2021 | Listed for sale | $217,000$62/sqft |
Source: Bright MLS #MDCM2000240 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,072 +19% | $203,800 +19% |
| 2024 | $2,583 -1.4% | $171,300 +0.1% |
| 2023 | $2,620 -1.5% | $171,200 -0.1% |
Find assessor info on the county website
Neighborhood: 21660
Nearby schools
GreatSchools rating
- 5/10Ridgely Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 4/10Lockerman Middle SchoolGrades: 6-8Distance: 5 mi
- 4/10North Caroline High SchoolGrades: 9-12Distance: 3.6 mi
Schools provided by the listing agent
- District: CAROLINE COUNTY PUBLIC SCHOOLS
Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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