For sale

$450,000

305 E Water St, Centreville, MD 21617

2beds

3,300sqft

$3,047/mo

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Single Family Residence

Built in 1962

0.47 Acres Lot

$441,700 Zestimate^®

$136/sqft

$-- HOA

What's special

Large retail spaceStorage space

Mixed-use commercial property offering exceptional exposure in a sought-after location. The first floor commercial space features about 1800+ sq' separated between a large retail space, office/kitchen , and storage space. The second floor includes a 2-bedroom, 1-bath apartment—ideal for owner occupancy or rental income. Seller financing may be available for buyers with 20% down, 5% interest, amortized at 15 years with a 5 year balloon. The building offers flexible layout potential and is truly ready for your vision. Downstairs can easily be divided into three sections to rent out separately. Situated on nearly a half-acre lot, the property boasts a generous parking area with 12+ spaces and room for future expansion. A rare opportunity for entrepreneurs, investors, or owner-operators looking to establish or grow their business in the heart of Centreville. Take advantage of the seller financing opportunity and 5% rate!

39 days
138
4

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 3
Full bathrooms: 1
1/2 bathrooms: 2
Main level bathrooms: 2

Basement

Area: 0

Heating

Baseboard, Oil

Cooling

Wall Unit(s), Window Unit(s), Electric

Appliances

Included: Water Heater
Laundry: Has Laundry, Upper Level

Features

Has basement: No
Has fireplace: No

Interior area

Total structure area: 3,300
Total interior livable area: 3,300 sqft
Finished area above ground: 3,300
Finished area below ground: 0

Property

Parking

Total spaces: 12
Parking features: Parking Lot

Accessibility

Accessibility features: 2+ Access Exits

Features

Levels: Two
Stories: 2
Pool features: None

Lot

Size: 0.47 Acres

Details

Additional structures: Above Grade, Below Grade
Parcel number: 1803018121
Zoning: C3
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Other
Property subtype: Single Family Residence

Materials

Block
Foundation: Slab
Roof: Architectural Shingle

Condition

New construction: No
Year built: 1962

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: None Available

HOA

Has HOA: No

Location

Region: Centreville
Municipality: Centreville

Financial & listing details

Price per square foot: $136/sqft
Tax assessed value: $433,400
Annual tax amount: $5,577
Date on market: 8/19/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Seller Financing,Bank Portfolio,Cash
Ownership: Fee Simple

Estimated market value

$441,700

$420,000 - $464,000

$2,614/mo

Price history

Date	Event	Price
8/19/2026	Listed for sale	$450,000+233.3%$136/sqft
Source: Bright MLS #MDQA2018338 Report a problem
1/21/2000	Sold	$135,000$41/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,115 +15%	$414,000 +4.9%
2024	$5,315 +1.1%	$394,600 +1.1%
2023	$5,256 +1.1%	$390,167 -1.1%
2022	$5,196 -0.1%	$394,600 +3.5%
2021	$5,201 +9.6%	$381,300 +0.2%
2020	$4,745 -8.5%	$380,700 -0.2%
2019	$5,185 +9.2%	$381,300 +0.5%
2018	$4,749 +6.4%	$379,500 +6.5%
2017	$4,463 +15.5%	$356,500 +6.9%
2016	$3,864	$333,500 +7.4%
2015	$3,864	$310,500