Unique Multi-Family / Investment Property – Income-Producing Opportunity!
Excellent Investment Opportunity with Multiple Income Potential!
Don't miss this versatile property offering outstanding potential for investors, business owners, or those seeking a multi-family living arrangement. The property is currently configured as three separate apartment units, providing an opportunity to generate multiple streams of monthly rental income.
Zoned for commercial use while also permitting residential use, this property offers flexibility and a variety of possibilities for its next owner. Whether you're looking to expand your investment portfolio, establish rental income, or explore potential commercial and residential uses, this property is full of opportunity.
Conveniently located close to shopping, public transportation, and other local amenities, the property also offers on-site parking for occupants, adding to its accessibility and convenience.
For sale by owner
$795,000
540 Stemmers Run Rd, Essex, MD 21221
6beds
2,900sqft
MultiFamily
Built in 1923
-- sqft lot
$396,100 Zestimate®
$274/sqft
$-- HOA
What's special
Three separate apartment unitsOn-site parking for occupants
What the owner loves about this home
Property Highlights:
Multi-family property with potential for three separate apartment units
Currently configured as three apartments
Excellent investment opportunity with potential for monthly rental income
Commercially zoned with residential use permitted
Flexible potential for commercial or residential use
Convenient location near shopping and public transportation
Private on-site parking available for occupants
- 23 hours
- 69
- 2
Listed by:
Property Owner (443) 500-7599
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Radiant, Gas
Cooling
- Other
Appliances
- Included: Dishwasher, Dryer, Garbage disposal, Range / Oven, Refrigerator, Washer
Features
- Dining Area, Kitchen - Table Space, Kitchen - Eat-In
- Flooring: Hardwood
- Basement: Finished
- Has fireplace: Yes
Interior area
- Total interior livable area: 2,900 sqft
Property
Parking
- Total spaces: 6
- Parking features: Off-street
Features
- Exterior features: Brick
- View description: None
Lot
- Size: 0.87 Acres
Details
- Parcel number: 151501351130
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Conventional
Materials
- brick
- Roof: Slate
Condition
- New construction: No
- Year built: 1923
Community & HOA
Location
- Region: Essex
Financial & listing details
- Price per square foot: $274/sqft
- Tax assessed value: $362,500
- Annual tax amount: $6,185
- Date on market: 11/7/2026
Estimated market value
$396,100
$353,000 - $436,000
$3,099/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/7/2026 | Listed for sale | $795,000+76.7%$274/sqft |
Source: Owner Report a problem | ||
| 6/30/2018 | Listing removed | $450,000$155/sqft |
Source: REBATE REALTY USA #1001184204 Report a problem | ||
| 6/24/2018 | Listed for sale | $450,000$155/sqft |
Source: REBATE REALTY USA #1001184204 Report a problem | ||
| 5/22/2018 | Listing removed | $450,000$155/sqft |
Source: REBATE REALTY USA #1001184204 Report a problem | ||
| 5/11/2018 | Listed for sale | $450,000+181.4%$155/sqft |
Source: REBATE REALTY USA #1001184204 Report a problem | ||
| 3/13/2012 | Listing removed | $159,900$55/sqft |
Source: Cummings & Co. Realtors #BC7771698 Report a problem | ||
| 2/11/2012 | Listed for sale | $159,900-60%$55/sqft |
Source: foreclosure.com Report a problem | ||
| 8/7/2006 | Sold | $400,000+158.1%$138/sqft |
Source: Public Record Report a problem | ||
| 9/1/1993 | Sold | $155,000$53/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $6,185 +10.3% | $362,500 +14.8% |
| 2025 | $5,609 +71.9% | $315,833 +17.3% |
| 2024 | $3,262 +21% | $269,167 +21% |
| 2023 | $2,697 +1.8% | $222,500 |
| 2022 | $2,648 +1.9% | $222,500 +3.8% |
| 2021 | $2,599 +1.9% | $214,433 +1.9% |
| 2020 | $2,550 +1.7% | $210,400 |
| 2019 | $2,506 +1.8% | $210,400 +3.5% |
| 2018 | $2,463 +1.8% | $203,200 +1.8% |
| 2017 | $2,419 -35.2% | $199,600 |
| 2016 | $3,736 | $199,600 |
| 2015 | $3,736 | $199,600 -5.4% |
| 2014 | $3,736 | $210,900 |
| 2013 | -- | $210,900 |
| 2012 | -- | $210,900 -9% |
| 2011 | -- | $231,800 +1.5% |
| 2010 | -- | $228,400 +1.5% |
| 2009 | -- | $224,960 +1.6% |
| 2008 | -- | $221,520 +12.9% |
| 2007 | -- | $196,252 +14.8% |
| 2006 | -- | $170,986 +17.3% |
| 2005 | -- | $145,720 +2.2% |
| 2004 | -- | $142,526 +2.3% |
| 2003 | -- | $139,333 +2.3% |
| 2002 | -- | $136,140 +0.8% |
| 2001 | -- | $135,050 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 21221
Nearby schools
Schools provided by the listing agent
- District: Baltimore 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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