24 HILL Street, Frostburg, MD 21532
MULTI_FAMILY - FROSTBURG, MD
- Added:
- Feb 23, 2026
- Days on Market:
- 108
- Last Refresh:
- Jun 11 at 7:06 am
Property Features for 24 HILL Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,502 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1840
Utilities
- Heating system
- Electric (Heating), Baseboard
Building Details
- Year built
- 1900
- Number of units
- 1
- Building materials
- Stick Built
Listing agent Jeremy Rice License #5010595 (301) 697-0106
Listing office Better Homes & Gardens Real Estate Old Line Group 11 W Main Street unit: 1, Frostburg, MD (301) 689-0100
Listing date Feb 23, 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
- Fully rented duplex providing immediate rental income.
- Updated units, increasing tenant appeal and reducing maintenance.
- Each unit features 2 bedrooms, 1 full bathroom, living room, and kitchen.
- Excellent rental history indicates stable investment performance.
- Convenient on‑street parking.
- Duplex configuration (up and down) offers two separate rental opportunities.
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 | $15.3k | $10.20 |
| − Vacancy | −$797 | −$0.53 |
| EGI | $14.5k | $9.67 |
| − OpEx | −$4.4k | −$2.90 |
| NOI | $10.2k | $6.77 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Frostburg
- County
- Allegany
- State
- Maryland
- Longitude
- -78.92522
- Latitude
- 39.65146
