Amazing opportunity for an income generating multi-unit property on over 8 acres of land. Live in one and rent the rest or rent all 4 units. This property has it all. Duplex consists of 2 bedroom 1 bath each. 2 single family homes, one 3 bed 1 bath, one 4 bed 1 bath. Rental history with long term tenants. The property needs some work/updating but that is fully reflected in the price point which is WELL below market value. Objective rental income: 2/1: 1k/month 2/1: 1k/month 3/1: 1.3k/month 4/1: 1.5k/month Total: $4,800/month or $57,600/year.
Multi-familyProperty Type
1950Year Built
8.42 acresLot Size
$174Est. Price/Sq.Ft.
10 spacesParking
Listed by Matt Burgan• RE/MAX One
•443-771-8009 (broker)
•mdavis@davispalumbo.com (broker)
Bought with Mr. Christopher Cullen• Berkshire Hathaway HomeServices PenFed Realty
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Earn from this home
Sell
$521,548
Est. take-home
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Refinance
$0
Est. cash available
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Market trends in 20624, MD
Last updated July 2026
Sale-to-List Price
100.0%
1.5% MoM
Median sale price
$410K
$130K MoM
Avg. days on market
38d
0 days MoM
Recently sold homes
1
2 MoM
Provided by Redfin
Sale history for 24241 Colton Point Rd
Date
Event
Price
BRIGHT MLS #MDSM2008394
Sep 16, 2022
Sold
$360,000
$75/sq ft
Aug 28, 2022
Contingent
—
Aug 21, 2022
Relisted
—
Aug 13, 2022
Contingent
—
Aug 11, 2022
Listed
$374,900
$78/sq ft
Public Records
Mar 14, 2018
Sold
$300,000
$62/sq ft
MRIS #SM9754677
Mar 2, 2017
Delisted
—
Sep 1, 2016
Listed
*
BRIGHT MLS #1007250874
Mar 2, 2017
Listing Removed
—
Sep 1, 2016
Listed
$395,000
$82/sq ft
Public Records
Jun 25, 1999
Sold
$175,000
$36/sq ft
Public Records
Mar 27, 1995
Sold
$67,000
$14/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$8,323 (+12.0%)
2024
$7,431 (+3.9%)
2023
$7,149 (+4.1%)
$346,700 + $287,200
$633,900
2022
$6,868 (+4.3%)
2021
$6,586 (+2.5%)
2020
$6,428 (+4.2%)
$330,200 + $226,900
$557,100
2019
$6,169 (+2.6%)
2018
$6,014 (+1.3%)
$315,200 + $199,600
$514,800
2017
$5,938 (+18.1%)
$315,200 + $199,600
$514,800
2015
$5,028 (−14.2%)
$300,200 + $218,700
$518,900
2014
$5,860 (−6.8%)
$300,200 + $218,700
$518,900
2013
$6,290 (+1.9%)
2012
$6,170
2011
$6,170
2010
$6,170 (+16.1%)
2009
$5,317
Tax history for 24241 Colton Point Rd
Year
Property tax
Land + Additions
Assessment*
2025
$8,323 (+12.0%)
2024
$7,431 (+3.9%)
2023
$7,149 (+4.1%)
$346,700 + $287,200
$633,900
2022
$6,868 (+4.3%)
2021
$6,586 (+2.5%)
2020
$6,428 (+4.2%)
$330,200 + $226,900
$557,100
2019
$6,169 (+2.6%)
2018
$6,014 (+1.3%)
$315,200 + $199,600
$514,800
2017
$5,938 (+18.1%)
$315,200 + $199,600
$514,800
2015
$5,028 (−14.2%)
$300,200 + $218,700
$518,900
2014
$5,860 (−6.8%)
$300,200 + $218,700
$518,900
2013
$6,290 (+1.9%)
2012
$6,170
2011
$6,170
2010
$6,170 (+16.1%)
2009
$5,317
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
—
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
8.42 Acres
Year renovated
—
Sq. Ft.
1,500
Year built
1950
Style
Single Family Residential
County
St. Mary's County
APN
04 006992
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 18, 2026.
RPD
Rural Preservation District
The regulations of Rural Preservation Districts are intended to foster agricultural, forestry, mineral resource extraction, and aquacultural uses and protect the land base necessary to support these activities. Low density residential development in this type of district is permitted subject to performance standards that maintain the rural character of the district in recognition of the fact that a full range of public facilities is not provided or planned. The farmer has the right to farm without being restricted by neighboring residential areas. Restricted hours of operation for farm equipment, restricted odor-producing fertilizers, or mandatory noise reductions may not be imposed on farmers in an RPD zoning district. The general intent of the district is to encourage farming without undue burden on the landowner. In accordance with these intentions, the following provisions for the protection of agricultural uses will apply: (1) Any farm use of land is permitted. (2) Operation, at any time, of machinery used in farm production or the primary processing of agricultural products is permitted. (3) Normal agricultural activities and operations in accordance with good husbandry practices, which do not cause bodily injury or directly endanger human health, are permitted and preferred activities, including activities that may produce normal agriculture related noise and odors. (4) The sale of farm products produced on the farm where the sales are made is permitted.
Permitted uses
Include but are not limited to:
Equestrian facility
Greenhouse / nursery
Livestock production
Winery & vineyard
Housing-Single unit
Manufacturing
Bed & breakfast
Agriculture-Cropland
Agriculture-Grove / orchard
Timberland
Dec 19, 2026 • Active
Electrical only
Perform an inspection of the existing electrical service.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
# of Total Garage and Parking Spaces: 10
Driveway - # of Spaces: 10
Driveway
Interior
Interior Information
Living Area Sq.Ft. Source: Assessor
Basement Information
Basement: No
Exterior
Property Information
Total Below Grade Sq. Ft.: 0
Accessibility Features: No Stairs
Improvement Assessed Value: $287,200
Ownership Interest: Fee Simple
Year Built Source: Assessor
Building Information
# of Units (Total): 4
Construction Materials: Block, Combination, Stick Built, Vinyl Siding
Foundation Details: Crawl Space, Block, Slab
Other Structures: Above Grade, Below Grade
Roof: Shingle
Structure Type: Detached
Lot Information
Tidal Water: No
Land Information
Land Assessed Value: $346,700
Above Grade Information
Finished Sq.Ft.: 4,826
Finished Sq.Ft. Source: Assessor
Below Grade Information
Unfinished Sq.Ft. Source: Assessor
Finished Sq.Ft. Source: Assessor
Financial
Tax Information
County Tax: $5,347
Tax Assessed Value: $582,700
Tax Year: 2021
Tax Annual Amount: $5,960
Assessments Information
Year Assessed: 2022
Utilities
Utilities Information
Central Air
Cooling Type: Ceiling Fan(s), Central A/C, Window Unit(s)
Cooling Fuel: Electric
Central, Heat Pump(s)
Heating Fuel: Electric
Hot Water: Electric
Sewer Septic: Septic Exists
Water Source: Well
Location
Multi Unit Information
# of Two Bedroom Units: 2
# of Three Bedroom Units: 1
# of Units Leased: 4
Units Furnished: All
School Information
School District Name: ST. MARY'S COUNTY PUBLIC SCHOOLS
School District Source: Listing Agent
Location Information
Outside City Limits
Directions: GPS directions are accurate and intuitive
Public facts
Beds: —
Baths: 1.0
Sq. Ft.: 1,500
Stories: 1.0
Lot Size: 8.42 acres
Style: Single Family Residential
Year Built: 1950
Year Renovated: —
County: St. Mary's County
APN: 04 006992
Home facts updated by county records on Jul 18, 2026
Around this home
Schools
Benjamin Banneker Elementary School
Public PreK-5 • Assigned • 2.6mi
8/10
Margaret Brent Middle School
Public 6-8 • Assigned • 3.1mi
6/10
Chopticon High School
Public 9-12 • Assigned • 2.0mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
8/10 Heat Factor
7 days above 103° expected this year, 16 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Clements, MD • 20624
Average low and high temperatures (°F)
40
25
46
30
63
41
71
50
75
57
86
66
88
72
83
66
78
63
70
49
60
42
47
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.5 hours in
June and 4.7 hours in December, which is comparable to the
U.S. average for solar exposure.
9.5 hrs
4.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$797,000 – $965,000
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