396 Cypress St Millington, MD 21651
Estimated payment $2,055/month
About This Home
Investment Opportunity and Motivated Seller! If you are searching for an opportunity to start or relocate your business with rental potential to offset your mortgage, your search is over. Live in one area and rent out the other two!! This income producer is located in the heart of Millington at the main intersection. With its flexible zoning, the property is well-suited for a blend of commercial, retail, and residential purposes. The property currently has two occupied apartments - one is 2 bedrooms, and the other is 1 bedroom. The lower front area is an unoccupied prime retail space. Zoning allows retail, office, specialty shop, residential and more - see the town office for details! Walk to stores, restaurants, the supermarket, community pool, parks and more. The town is on the cusp of big growth w/many business opportunities! Seller has this adjacent vacant separately deeded lot included in this listing as one sale. Call to discuss separate purchasing. This lot is currently used for off street parking right on the corner. High traffic count as a main route to Delaware. *Please Note--It is the responsibility of the buyer and/or buyer's agent to perform their due diligence with the town and county to determine what uses are acceptable* Schedule your tour today.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,284
Year Built
- Built in 1920
Lot Details
- 5,280 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- Triplex
- Traditional Architecture
- Vinyl Siding
Interior Spaces
- 2,762 Sq Ft Home
- Crawl Space
Schools
- Kent County High School
Utilities
- Heat Pump System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 1501006363
Community Details
Overview
- 3 Units
- Millington Subdivision
Building Details
- 1 Vacant Unit
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,374 | $158,167 | $0 | $0 |
| 2024 | $2,291 | $156,033 | $0 | $0 |
| 2023 | $2,214 | $153,900 | $105,600 | $48,300 |
| 2022 | $2,184 | $153,900 | $105,600 | $48,300 |
| 2021 | $2,292 | $153,900 | $105,600 | $48,300 |
| 2020 | $2,292 | $161,900 | $105,600 | $56,300 |
| 2019 | $2,296 | $161,900 | $105,600 | $56,300 |
| 2018 | $2,296 | $161,900 | $105,600 | $56,300 |
| 2017 | $2,484 | $175,300 | $0 | $0 |
| 2016 | -- | $175,300 | $0 | $0 |
| 2015 | $2,892 | $175,300 | $0 | $0 |
| 2014 | $2,892 | $188,700 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2025 08/11/25 | Price Changed | $350,000 | -10.3% | $127 / Sq Ft |
| 07/21/2025 07/21/25 | Price Changed | $390,000 | -7.1% | $141 / Sq Ft |
| 06/26/2025 06/26/25 | For Sale | $420,000 | -- | $152 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $45,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $165,240 | Commercial | |
| Previous Owner | $29,160 | Commercial |
Source: Bright MLS
MLS Number: MDKE2005394
APN: 01-006363
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