1402 CRANBERRY ROAD
About This Property
But what truly sets this property apart is the second detached dwelling, opening the door to possibilities rarely found in one place. Whether you envision a multigenerational setup, guest accommodations, potential rental use, or a dedicated home office, studio, gym, or workshop, the opportunity is here for the buyer with vision. The second structure requires a complete renovation and is being sold as is, offering a chance to reimagine the space to suit your needs, subject to applicable approvals. Buyers are encouraged to verify permitted uses of the second dwelling with Harford County Planning and Zoning.
Location adds even more appeal, with convenient access to Aberdeen Proving Ground, the Perryman employment corridor, and I-95. Historic downtown Havre de Grace, waterfront attractions, local restaurants, marinas, and Ripken Stadium are all just minutes away. Whether you're dreaming of a property with room for extended family, searching for your next investment, or looking for a home with the flexibility to create something truly your own, 1402 Cranberry Road is full of potential.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 26, 2026 | Listed by Kelly and Co Realty, LLC | $249,900 | |
| Listed by Kelly and Co Realty, LLC | |||
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About Perryman
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017