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18-20 Water St Thurmont, MD 21788

For Sale
$399,900

Multi-Family, Detached - THURMONT, MD

Lot size:
0.19 Acres
Days on Market:
16
Last Refresh:
Dec 14 at 3:06 pm

Property Features for 18-20 Water St

General Information

Property type
Residential Multi Family
Standard status
Active
Parking features
Garage, Garage - Attached, Garage - Detached, On Street
Interior features
2nd Kitchen, Attic, Ceiling Fan(s), Entry Level Bedroom, Floor Plan - Traditional, Recessed Lighting
Appliances
Dryer, Range, Range - Electric, Refrigerator
Lot size
0.19 Acres

Utilities

Heating system
Baseboard, Hot Water (Heating), Other (Heating)
Cooling system
Ceiling Fan(s), Multi Units, Window Unit(s)

Building Details

Year built
1880
Building materials
Stone
Architectural style
Other

Long & Foster Real Estate (888) 536-0216

Listing agent Cindy Clipp (888) 536-0216

Listing date Nov 29, 2025

MLS# MDFR2069024 Listing URL

Copyright © 2025 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Overview

Thurmont Multi-Family Investment Opportunity

Located in Thurmont, Maryland, this property presents an investment opportunity with multiple income streams. The property features two separate homes on a single parcel, along with eight garage spaces that can be rented individually. The main home is move-in ready, featuring spacious living areas, a main-level bedroom and full bath, two additional bedrooms upstairs, and a sitting room over the kitchen. A new washer and dryer are located on the main level. The second home includes a large upstairs bedroom with a full bathroom. The kitchen and second full bath are located on a half-level down. The finished lower level includes a rec room and laundry area with a newer washer and dryer. A large upper-level deck needs repair, but the lumber to rebuild it is included. There are eight total garage bays across three structures: four facing the rear alley (three currently rented month to month), three side garages, and one tucked beneath the rear deck. Each garage bay has electric. The property has public water and sewer, boiler heat (oil), window A/C units, and electric hot water heaters. Situated minutes from downtown Thurmont, Route 15, Cunningham Falls State Park, and Catoctin Mountain Park, the 0.19-acre property offers convenience and versatility. It is located close to downtown Thurmont with easy access to commuter routes, schools, and shopping.
Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Thurmont
County
Frederick
State
Maryland
Longitude
-77.41148
Latitude
39.62306

FAQs

What type of property is this?
Duplex - Two homes and eight garages with strong rental potential.
Where is this duplex located?
The property is located at 18-20 Water St Thurmont, MD.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: - High Income Potential: Projected $4,000/month ($48,000/year) from combined rentals, offering an estimated gross cap rate over 11%.; - Multiple Income Streams: Features two separate homes plus eight rentable garage spaces.; - Flexible Living/Rental Options: Live in one home and rent the other, or lease both properties and garages.
More about this property
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