104 Madison Ave, Saint Michaels, MD, 21663
About This Home
This well-maintained duplex in Rio Vista presents an exceptional investment opportunity, featuring two spacious units, each offering 2 bedrooms and 1.5 baths. Ideally situated just moments from the heart of historic downtown St. Michaels, residents enjoy easy access to charming shops, dining, and waterfront attractions—all while benefiting from no town taxes. With both units currently 100% leased, this property provides immediate, reliable income, making it a smart addition to any investment portfolio.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1986
Materials
- Foundation: Slab
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch/Rambler
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Dryer,Oven/Range - Electric,Refrigerator,Washer,Water Heater,Electric Water Heater
- Laundry features: Main Level
Basement
- Area: 0
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
- Main level bathrooms: 4
- Main level bedrooms: 4
Features
- Combination Dining/Living,Entry Level Bedroom,Floor Plan - Traditional,Kitchen - Galley
- Window features: Skylight(s)
- Finished area below ground: 0
- Finished area above ground: 2,420
Heating & Cooling
- Heating features: Heat Pump,Electric
- Cooling features: Central Air,Ceiling Fan(s),Electric
Interior Area
- Total structure area: 2,420
- Total interior livable area: 2,420 sqft
Property
Accessibility
- Accessibility features: Accessible Entrance
Details
- Parcel number: 2102105713
- Attached to another structure: Yes
- Zoning: RESIDENTIAL
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Pool features: None
- Waterfront features: River
- Waterbody name: Miles River
Lot
- Lot size: 0.35 Acres
Parking
- Total spaces: 4
- Parking features: Off Street
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Heat Wave
- Lightning
- Cold Wave
- Hurricane
- Strong Wind
- Wildfire
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Maryland Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,325 | $27,900 |
| Home Insurance * | $150 | $1,800 |
| Property Taxes | $214 | $2,568 |
| Electricity | $308 | $3,699 |
| Total | $2,997 | $35,964 |
Income You'd Need if You Spent...
Maryland FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-23 | Listed for sale | $459,900 |
View on Zillow