Updated Tri-Plex with
For Sale
$287,000
154 E MAIN Street, Frostburg, MD 21532
MULTI_FAMILY - Victorian - FROSTBURG, MD
Property Size2,684 SF
Lot Size0.19 Acres
Price / SF$106.93
Days on Market11
Property Features for 154 E MAIN Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
Off Street
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
2,684 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
3444
Utilities
Heating system
Other (Heating)
Building Details
Year built
1875
Number of units
3
Building materials
Stick Built
Architectural style
Victorian
Listing Agency:
Better Homes & Gardens Real Estate Old Line Group
(301) 689-0100
Listed By:
Jeremy Rice · License #5010595
(301) 697-0106
Added: Jul 21
Changed: Jul 23
Last Checked: Jul 31 at 5:06AM
MLS# MDAL2015378
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 income-producing tri-plex includes updates throughout, with a new roof and renovated kitchens and bathrooms in all three units. The property also features an oversized garage that is currently rented to generate additional income.
The building is located at 154 E Main Street in Frostburg, Maryland, in Allegany County. More photos are expected as the listing is finalized.
With three residential units and supplementary garage income, the property offers a straightforward multi-family setup for an investor seeking an updated residential income asset.
The building is located at 154 E Main Street in Frostburg, Maryland, in Allegany County. More photos are expected as the listing is finalized.
With three residential units and supplementary garage income, the property offers a straightforward multi-family setup for an investor seeking an updated residential income asset.
Key Highlights
- Income‑producing tri‑plex with Victorian style
- New roof and updates throughout the property
- All three units feature renovated kitchens and bathrooms
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 | $27.4k | $10.20 |
| − Vacancy | −$1.4k | −$0.53 |
| EGI | $26.0k | $9.67 |
| − OpEx | −$7.8k | −$2.90 |
| NOI | $18.2k | $6.77 |
2,684 SF · lease $10.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$259.5K
$227.1K – $302.8K
NOI $18,167 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$240.4K
$210.4K – $280.5K
NOI $16,829 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$995.4K
$871.0K – $1.16M
NOI $69,676 @ 7.0% cap · market cap 24.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
239
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?
Triplex - Income-producing tri-plex with renovated kitchens and bathrooms plus an oversized rented garage for additional income.
Where is this triplex located?
The property is located at 154 E MAIN Street Frostburg, MD.
What is the asking price?
The asking price for this property is $287,000.
What are key features of this property?
This property features: Income‑producing tri‑plex with Victorian style; New roof and updates throughout the property; All three units feature renovated kitchens and bathrooms
