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$1,175,000 Just Listed

  • For Sale
  • Active
  • Apartment
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Introducing an exceptional investment opportunity in the heart of Princess Anne, MD. This expansive 14,182 SF building, constructed in 1950, boasts 17 units, comprising 10 residential and 7 commercial spaces, an excellent opportunity for a multifamily investor. Situated just a quarter of a mile from the University of Maryland Campus, this property offers an ideal location for potential tenants. With a layout designed to maximize rental income, this property presents an attractive prospect with great potential for yield and growth. Don't miss the chance to invest in this prime asset in a thriving area with promising returns.

Full Property Details for 11761 Somerset Ave

General

  • Price: $1,175,000
  • Taxes: $4,259 (2025)
  • Status: Active
  • Type: Apartment
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDSO2007168
  • Updated: Today (4/3/2026)
  • Added to Site: Today

Business

  • Business Type: Apartment Building, Restaurant/Bar, Religious Facili

Parking

  • Total Spaces: 5
  • Parking Type: On Street

Location

  • Area: Somerset East of Rt-13 (20-02)
  • Municipality: Princess Anne
  • County: SOMERSET
  • Driving Directions: follow Rt 13 south until the second light in Princess Anne and make a left on Mt Vernon Rd, go right at the next light and follow to the towns center. Make a left at the light at Prince Williams street and park immediately on the right or behind the building
  • City Limits: Yes

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick
  • Building Size: 6532
  • Year Built: 1950
  • Year Built Source: Estimated

Unit Information

  • # Tenants: Multiple

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Size (Sq. Ft.): 3,922
  • Lot Size Source: Assessor
  • Zoning: C-1 COMMUNITY COMMERCIAL

Financial Considerations

  • Price Per Sq. Ft.: $179.88
  • Assessment Year: 2026
  • City/TownTax: $3,940
  • City/TownTax Freq: Annually
  • County Tax: $3,830
  • County Tax Freq: Annually
  • Tax w/Assessment: $384,000
  • Tax Amount: $4,259
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 1

Listed by NAI Coastal, George Timothy Merritt

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Listing agent

— 11761 Somerset Ave —

  • George Timothy Merritt

    NAI Coastal

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 11761 Somerset Ave

School District:Somerset County Public Schools
NameGradesDistance
Princess Anne Elementary School, Princess Anne, MD
11576 Lankford Avenue, Princess Anne, MD 21853
PK-10.4 mi
Greenwood Elementary School, Princess Anne, MD
11412 Dryden Road, Princess Anne, MD 21853
2-50.7 mi
Washington Academy And High School
10902 Old Princess Anne Road, Princess Anne, MD 21853
8-121.6 mi
Somerset 6/7 Intermediate School
7970 Tawes Campus Drive, Westover, MD 21871
6-77.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 11761 Somerset Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/03/2026
Listed
$1,175,000
135.47%
MLS
11/13/2007
Sold
$499,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 11761 Somerset Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,259
—
$383,033
—
2023
$4,238
—
$382,067
—
2023
$4,238
-48%
$381,100
—
2022
$8,158
90%
$381,100
—
2020
$4,286
—
$381,100
-1%
2021
$4,286
—
$385,400
—
2020
$4,285
—
$385,333
—
2019
$4,284
—
$385,267
—
2018
$4,283
—
$385,200
—
2017
$4,282
100%
$385,100
—
2016
$2,141
-46%
$385,000
—
2015
$3,953
—
$384,900
—
2014
$3,953
—
$384,900
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 11761 Somerset Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by NAI Coastal, George Timothy Merritt

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11761 Somerset Avenue, Princess Anne, MD 21853 (MLS# MDSO2007168) is a Apartment property. 11761 Somerset Avenue is currently listed for $1,175,000 and was received on April 03, 2026. Want to learn more about 11761 Somerset Avenue? Do you have questions about finding other Apartment real estate for sale in Princess Anne? You can browse all Princess Anne real estate or contact a Coldwell Banker agent to request more information.

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