2141 FLEMING ROAD
About This Property
Inside, you'll find over 1,800 square feet of living space featuring hardwood floors throughout much of the home, generously sized rooms, and multiple living areas. The floor plan includes a large formal living room with a brick fireplace, a separate family room with a second fireplace and exposed beams, a spacious dining area with bay window, an eat-in kitchen with abundant cabinetry, three bedrooms, one full bath, and one half bath.
Outside, the nearly five-acre parcel offers endless possibilities with an attached garage/workshop space, detached storage building, and ample room for gardening, recreation, hobbies, or future improvements. Enjoy the tranquility of country living while remaining conveniently located near shopping, restaurants, beaches, marinas, NASA Wallops Flight Facility, and the amenities of Chincoteague Island and Pocomoke City.
Whether you're seeking a renovation project, investment opportunity, or a chance to create your own Eastern Shore retreat, this property offers exceptional potential in a desirable location. Property is being sold strictly AS IS, WHERE IS. Seller will make no repairs or improvements.
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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 |
|---|---|---|---|
| Jul 31, 2026 | Sold | ||
| Sold | |||
| Jul 5, 2026 | In contract | - | |
| In contract | |||
| Jul 3, 2026 | Listed by Long & Foster Real Estate, Inc. | $265,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017