Historic Triplex with Basement
411 WASHINGTON Street Cumberland, MD 21502
For Sale
$510,000
MULTI_FAMILY - Victorian - CUMBERLAND, MD
Property Size6,271 SF
Lot Size0.26 Acres
Price / SF$81.33
Days on Market16
Property Features for 411 WASHINGTON Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Parking
- 2
- Parking features
- Garage - Attached, Off Street, On Street
- Standard status
- Active
- Size
- 6,271 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5863
Utilities
- Heating system
- Electric (Heating), Baseboard
Building Details
- Year built
- 1900
- Number of units
- 4
- Building materials
- Brick
- Architectural style
- Victorian
Listing Agency:
Mountainside Home Realty
(301) 722-0190
Listed By:
Allyson M. Litten · License #666909
(301) 268-7504
Added: Jul 9
Changed: Jul 20
Last Checked: Jul 24 at 7:06PM
MLS# MDAL2015240
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.
Located at 411 Washington Street in Cumberland, this circa late-1800s triplex provides three separate apartment units within one residential structure. The main-level apartment includes a formal living room, formal dining room, two bedrooms, two bathrooms, and a spacious kitchen open to the family room, with access to the basement. The second-floor apartment is an oversized two-bedroom, two-bathroom layout that could be converted back into two separate one-bedroom apartments. The third-floor unit offers one bedroom and one bathroom. Each unit has separate electric meters, and the property is heated by electric baseboard heat.
The basement includes two one-car garages and offers space that could be finished for additional living or storage. Set on a large lot, the property provides room for a yard and off-street parking. It’s described as being in the heart of the Washington Street Historic District, with convenient access to Downtown Cumberland and I-68.
The basement includes two one-car garages and offers space that could be finished for additional living or storage. Set on a large lot, the property provides room for a yard and off-street parking. It’s described as being in the heart of the Washington Street Historic District, with convenient access to Downtown Cumberland and I-68.
Key Highlights
- Brick Victorian multi‑family home with separate electric meters for each unit
- Main‑level unit: formal living and dining rooms, 2 bedrooms, 2 bathrooms, spacious kitchen, family room access to basement
- Second‑floor unit: oversized 2‑bedroom, 2‑bath layout with potential to convert back to two 1‑bedroom apartments
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 | $64.0k | $10.20 |
| − Vacancy | −$3.3k | −$0.53 |
| EGI | $60.6k | $9.67 |
| − OpEx | −$18.2k | −$2.90 |
| NOI | $42.4k | $6.77 |
6,271 SF · lease $10.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$606.4K
$530.6K – $707.5K
NOI $42,447 @ 7.0% cap · market cap 8.32%
Second Best
Apartment 5plus
$561.7K
$491.5K – $655.3K
NOI $39,319 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$2.33M
$2.03M – $2.71M
NOI $162,793 @ 7.0% cap · market cap 31.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Late-1800s triplex with three apartments, separate electric meters, and two one-car garages in the basement.
Where is this triplex located?
The property is located at 411 WASHINGTON Street Cumberland, MD.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Brick Victorian multi‑family home with separate electric meters for each unit; Main‑level unit: formal living and dining rooms, 2 bedrooms, 2 bathrooms, spacious kitchen, family room access to basement; Second‑floor unit: oversized 2‑bedroom, 2‑bath layout with potential to convert back to two 1‑bedroom apartments
