29 N MAIN Street N Smithsburg, MD 21783
MULTI_FAMILY - Colonial - SMITHSBURG, MD
- Added:
- Feb 19, 2026
- Days on Market:
- 144
- Last Refresh:
- Jul 13 at 6:06 am
Property Features for 29 N MAIN Street N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 1
- Parking features
- Garage - Detached, On Street
- Appliances
- Refrigerator, Stove
- Standard status
- Active
- Size
- 1,732 SF
- Lot size
- 0.50 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1583
Utilities
- Heating system
- Baseboard, Electric (Heating)
Building Details
- Year built
- 1860
- Number of units
- 2
- Building materials
- Frame
- Architectural style
- Colonial
Listing agent William P Fouke License #523944 (301) 988-5844
Listing office Real Estate Innovations 1850 Dual Highway, Hagerstown, MD (301) 745-1500
Listing date Feb 19, 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.
Investment Insights
Based on property information with market context.
The units are located in the Smithsburg school district. Current rent is stated at $1,200 for the first floor and $1,250 for the second floor, with lease end dates of May 2027 for the first-floor tenant and January 2027 for the second-floor tenant. The listing notes a solid 10% gross return on investment, and all showings require 24-hour notice.
For buyers looking to add a manageable multifamily asset, this duplex offers two distinct living spaces within a single property and maintains income through the remainder of the lease terms. Because showings require advance scheduling, it may be especially well-suited for investors and owner-occupants who can coordinate visit windows and plan around the existing tenancy.
Key Highlights
- Two two‑bedroom units (top‑and‑bottom duplex) in the Smithsburg school district
- Rents: $1,200 (1st floor) and $1,250 (2nd floor)
- Lease terms: 1st floor runs until May 2027; 2nd floor ends January 2027
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 | $28.1k | $16.20 |
| − Vacancy | −$2.1k | −$1.22 |
| EGI | $26.0k | $14.99 |
| − OpEx | −$7.8k | −$4.50 |
| NOI | $18.2k | $10.49 |
