603 ACADEMY STREET
About This Property
Key Home Features & Upgrades:
Brand New Systems (2025): Enjoy maximum efficiency and safety with a new roof, new mini split heat and air conditioning systems, new electrical wiring, and new plumbing.
Modern Interior: The home boasts all-new LVP flooring throughout and a beautifully renovated kitchen equipped with brand new appliances. The bathrooms have also been fully updated with modern fixtures and finishes.
Spacious and Bright with a functional floor plan, ample living space, and charming details.
Discover the Cambridge Lifestyle:
Cambridge, MD, offers a unique blend of small-town hospitality, rich history, and stunning natural beauty. This historic seaport community is a haven for outdoor enthusiasts, with easy access to the Choptank River and Chesapeake Bay for boating, fishing, and kayaking. Enjoy the local culture in the revitalized downtown area, featuring boutique shops, art galleries, and diverse local cuisine.
Year-round community events and festivals like the Taste of Cambridge and the Cambridge Classic Powerboat Regatta. Proximity to the Blackwater National Wildlife Refuge, offering extensive trails for hiking and biking amidst diverse wildlife.
This move-in-ready home offers an exceptional opportunity to own a piece of this desirable and growing Eastern Shore town.
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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 |
|---|---|---|---|
| Sep 26, 2026 | Price Decreased |
$199,900
↓ $25K
(11.2%) | |
| Price Decreased | |||
| Apr 2, 2026 | Price Decreased |
$225,000
↓ $20K
(8.1%) | |
| Price Decreased | |||
| Feb 6, 2026 | Price Decreased |
$244,900
↓ $5K
(2%) | |
| Price Decreased | |||
| Dec 15, 2025 | Listed by TTR Sotheby's International Realty | $249,900 | |
| Listed by TTR Sotheby's International Realty | |||
| Jun 30, 2024 | Sold | ||
| Sold | |||
Property Highlights
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About Cambridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017