Frostburg Duplex with
For Sale
$145,000
147 W MECHANIC Street, Frostburg, MD 21532
MULTI_FAMILY - Other - FROSTBURG, MD
Property Size1,812 SF
Lot Size0.09 Acres
Price / SF$80.02
Days on Market122
Property Features for 147 W MECHANIC Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
Off Street
Appliances
Dryer, Washer, Refrigerator, Stove
Subdivision
NONE AVAILABLE
Elementary school
BEALL
Middle school
MOUNT SAVAGE
High school
MOUNTAIN RIDGE
Elementary school district
ALLEGANY COUNTY PUBLIC SCHOOLS
Middle school district
ALLEGANY COUNTY PUBLIC SCHOOLS
High school district
ALLEGANY COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
1,812 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
1686
Utilities
Heating system
Electric (Heating), Baseboard
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Building materials
Aluminum Siding, Vinyl Siding
Architectural style
Other
Listing Agency:
The Goodfellow Agency
(301) 689-8857
Listed By:
Cynthia Diamond · License #650910
(240) 362-2263
Added: Apr 1
Changed: Jul 17
Last Checked: Jul 31 at 4:06AM
MLS# MDAL2014300
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This duplex is centrally located in Frostburg and features many new updates with a history of rentals. The property includes a second paved parcel for off-street parking. The over/under units each have 2 bedrooms and separate meters. A new roof was installed in 2021, and new outdoor stairs lead to unit #2, which also features new kitchen cabinets and granite countertops. The property size is 1812 square feet, situated on a lot of 0.0881 acres.
Key Highlights
- Duplex with strong rental history, ideal for investment.
- Includes a second paved parcel for off‑street parking.
- New roof installed in 2021.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.5k | $10.20 |
| − Vacancy | −$961 | −$0.53 |
| EGI | $17.5k | $9.67 |
| − OpEx | −$5.3k | −$2.90 |
| NOI | $12.3k | $6.77 |
1,812 SF · lease $10.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$175.2K
$153.3K – $204.4K
NOI $12,265 @ 7.0% cap · market cap 8.46%
Second Best
Apartment 5plus
$162.3K
$142.0K – $189.4K
NOI $11,361 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$672.0K
$588.0K – $784.0K
NOI $47,039 @ 7.0% cap · market cap 32.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
Explore this area
Business Placement
Demographics for 21532, MD
13,328
Population
6,044
Households
2.2
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
74.1 sq mi
ZIP Area
180
Density / Sq Mi
$60,158
Median Household Income
$33,054
Median Earnings
$839
Median Rent
$175,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Updated Frostburg duplex with rental history and off-street parking.
Where is this duplex located?
The property is located at 147 W MECHANIC Street Frostburg, MD.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Duplex with strong rental history, ideal for investment.; Includes a second paved parcel for off‑street parking.; New roof installed in 2021.
