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    11023 Old Mount Savage Rd NW Lavale, MD 21502

    New
    Under Contract
    For Sale
    $176,970

    MULTI_FAMILY - National - LAVALE, MD

    Property size:
    2,535 SF
    Lot size:
    0.41 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 11023 Old Mount Savage Rd NW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Dining Room, Basement, Family Room
    Parking features
    Driveway, Off Street
    Interior features
    Bathroom - Tub Shower, Carpet, Dining Area, Kitchen - Eat-In, Kitchen - Table Space, Family Room Off Kitchen
    Size
    2,535 SF
    Lot size
    0.41 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Window Unit(s)

    Building Details

    Year built
    1920
    Number of units
    4
    Building materials
    Aluminum Siding
    Architectural style
    National

    Keller Williams Realty (703) 679-1700 [email protected]

    Listing agent Jennifer D Young (703) 956-5128

    Listing date Dec 3, 2025

    MLS# MDAL2011778 Listing URL

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Leased Multifamily Property with Upside

    This fully leased five-unit property features four two-bedroom, one-bath units in the main building, plus a two-bedroom carriage house in the rear. The property provides steady rental income with mostly long-term tenants on flexible month-to-month leases. Each unit includes its own kitchen and living space. Recent upgrades include a new roof on the main building (August 2024) and a newer roof on the carriage house (May 2021). The property is situated on a 0.41-acre lot and the building size is 2535 square feet. The property is located in LAVALE, MD, in Allegany County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Hair Salon Clothing Store Nail Salon Auto Repair Shop Auto Parts Store HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lavale
    County
    Allegany
    State
    Maryland
    Longitude
    -78.79329338
    Latitude
    39.6707885

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    FAQs

    What type of property is this?
    Apartment building - Five-unit property with steady income and potential for increased rents.
    Where is this apartment building located?
    The property is located at 11023 Old Mount Savage Rd NW Lavale, MD.
    What is the asking price?
    The asking price for this property is $176,970.
    What are key features of this property?
    This property features: - Fully leased 5-unit property providing immediate rental income.; - Priced under $200K, representing a rare investment opportunity.; - Includes a detached **2-bedroom carriage house** in addition to the main building's four 2-bedroom units.
    (703) 956-5128
    Request Owner's contact information
    11023 Old Mount Savage Rd NW Lavale, MD 21502
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    Lavale, MD 21502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11023 Old Mount Savage Rd NW Lavale, MD 21502
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