202 PARKWAYELKTON, MD 21921

Commercial · 8,049 Sq. ft. | 0.43 Acres
$699,000 ACTIVE

202 PARKWAY Overview

Time on Site:
74 days
Visits:
4

Outstanding opportunity to own a 6-unit brick apartment building in the highly desirable Elkton Heights neighborhood of Elkton, MD! This well-maintained, income-producing property offers a strong unit mix of four spacious 2-bedroom units and two 1-bedroom units, making it highly attractive to a wide range of tenants. The 2-bedroom units feature hardwood floors, full bathrooms, large family rooms, and separate dining rooms, along with the added bonus of front and rear deck entrances, providing excellent light, airflow, and tenant appeal. The 1-bedroom units also offer hardwood flooring, comfortable living spaces, and dining areas, creating functional and desirable layouts. Additional highlights include a large basement ideal for storage, and a 12-space private parking lot, a rare and valuable feature for multi-family properties in this area. Located in a high-demand rental market, this property delivers immediate income with strong long-term upside potential. Whether you're expanding your portfolio or acquiring a solid multi-family asset, this property checks all the boxes for cash flow, location, and tenant demand.

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202 PARKWAY Facts & Features

  • Type Commercial
  • Sq. ft. 8,049
  • Price/Sq.ft. $87
  • Lot 0.43 Acres

Details

General

School Information

  • Elementary School: GILPIN MANOR
  • Middle Or Junior School: ELKTON
  • High School: ELKTON

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Year Built: 1940

Business Information

  • Business Type: Apartment Building

Location/Region

  • Country: US
  • County: CECIL
  • County Or Parish: CECIL
  • In City Limits: Yes
  • Subdivision Name: ELKTON HEIGHTS

Parking Information

  • Total Parking Spaces: 12
  • Type of Parking: Parking Lot

Rent/Lease Information

  • Lease Considered: No

Tax Information

  • City/Town Tax: 2414.00
  • City/Town Tax Payment Frequency: Annually
  • County Tax: 4158.00
  • County Tax Payment Frequency: Annually
  • Tax Annual Amount: $6,633.00
  • Tax Assessed Value: 440267.00
  • Tax Year: 2025

General Information

  • Property Condition: Good
  • Property Sub Type: Five Or More Units
  • Property Type: Commercial Sale
  • School District Name: CECIL COUNTY PUBLIC SCHOOLS
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2026
  • Zoning: R2

Unit Information

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

Interior

Building Information

  • Building Winterized: No
  • Cooling Fuel: Electric
  • Heating Fuel: Electric
  • Total Drive In Doors: 0

Parking Information

  • Garage: No

Building Interior

  • Building Area Source: Assessor
  • Building Area Total: 8049.00
  • Central Air: No
  • Hot Water: Natural Gas

General Information

  • Accessibility Features: None
  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Electric: 200+ Amp Service
  • Flooring: Hardwood, Carpet, Vinyl
  • Foundation Details: Block
  • Internet Services: Cable
  • Stories Total: 4

Exterior

Building Information

  • Total Loading Docks: 0

Parking Information

  • Parking Features: Paved Parking

Lot Information

  • Lot Size Acres: 0.43
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 18870.00
  • Lot Size Units: Square Feet
  • Road Responsibility: City/County
  • Road Surface Type: Black Top
  • Water Source: Public

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Architectural Shingle

General Information

  • Number Of Units Total: 6
  • Sewer: Public Sewer
  • Water Access: No

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Total Rent: 1300.00
  • Description: Hardwood floor - 2 Bedrooms - Full Bathroom - Kitchen - Family Room - Dining Room

Unit 2 Details

  • Unit Type: Unit 2
  • Total Rent: 1275.00
  • Description: Hardwood floor - 2 Bedrooms - Full Bathroom - Kitchen - Family Room - Dining Room

Unit 3 Details

  • Unit Type: Unit 3
  • Total Rent: 1300.00
  • Description: Hardwood floor - 2 Bedrooms - Full Bathroom - Kitchen - Family Room - Dining Room

Unit 4 Details

  • Unit Type: Unit 4
  • Total Rent: 1300.00
  • Description: Hardwood floor - 2 Bedrooms - Full Bathroom - Kitchen - Family Room - Dining Room

Unit 5 Details

  • Unit Type: Unit 5
  • Total Rent: 1100.00
  • Description: Hardwood floor - 1 Bedrooms - Full Bathroom - Kitchen - Family Room - Dining Room

Unit 6 Details

  • Unit Type: Unit 6
  • Total Rent: 1150.00
  • Description: Hardwood floor - 1 Bedrooms - Bathroom - Kitchen - Family Room - Dining Room

202 PARKWAY Neighborhood

Community

21921 (ELKTON) Demographics

38
Median Age
452
Population Density (per sq. mile)
34%
College Educated
$74,416
Estimated Median Income
11,296
Estimated Total Home Owners
5,043
Estimated Total Renters
69% / 31%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

202 PARKWAY Monthly Cost

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$
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

202 PARKWAY Market Data

Based on the last 30 days in this zip code

$426,438
Average List Price
$195
Average Price per Square Foot
30
Properties Sold
58
Average Days on Market
145
Properties for Sale
Calculations provided by Reliance Network

202 PARKWAY History

Date Event Value Agent
4/24/2026Source: BRIGHT MLS Status Change
ACTIVE
4/16/2026Source: BRIGHT MLS Added to Database
April 16, 2026
Listing provided courtesy of Integrity Real Estate- MLS# MDCC2021072MLS ProviderContact Information: [email protected] - 4102878080