147 W MECHANIC Street, Frostburg, MD 21532
MULTI_FAMILY - Other - FROSTBURG, MD
- Added:
- Apr 1, 2026
- Days on Market:
- 72
- Last Refresh:
- Jun 11 at 7:06 am
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
- 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 agent Cynthia Diamond License #650910 (240) 362-2263
Listing office The Goodfellow Agency 5 MAIN Street, FROSTBURG, MD (301) 689-8857
Listing date Apr 1, 2026
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.
HighLights
- Duplex with strong rental history, ideal for investment.
- Includes a second paved parcel for off‑street parking.
- New roof installed in 2021.
- Unit #2 features new kitchen cabinets and granite countertops.
- Separately metered units (over/under) for easy tenant billing.
- Centrally located in Frostburg.
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Frostburg
- County
- Allegany
- State
- Maryland
- Longitude
- -78.93219
- Latitude
- 39.66035
