Cash-Flowing Multi-Unit
5 N CONOCOCHEAGUE Street Williamsport, MD 21795
5 N CONOCOCHEAGUE Street, Williamsport, MD, 21795
$699,000
For Sale
$699,000
MULTI_FAMILY - WILLIAMSPORT, MD
Property Size6,006 SF
Lot Size0.05 Acres
Price / SF$116.38
Days on Market75
Property Features for 5 N CONOCOCHEAGUE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Size
- 6,006 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4152
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1919
- Number of units
- 4
- Building materials
- Brick
Listing Agency
Keller Williams Realty Centre
(240) 309-6000
5280 Corporate Drive, COLUMBIA, MD
Listed by
Chad Bikle · License #671655
(301) 573-3059
Added: May 8 Updated: Jun 9 at 11:49 am Checked: Jul 21 at 1:06 am
MLS# MDWA2036838
Listing URL
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 multi-unit property offers a vacant retail space on the main level and four fully occupied residential units on the upper levels. The residential units include two 2-bedroom, 1-bathroom apartments and two 1-bedroom, 1-bathroom apartments. The apartments are currently rented for $1,150 per month, $1,100 per month, $950 per month, and $900 per month. The 1,660 square foot main level retail space has been renovated and is suitable for various business purposes. Renovations include a newer roof (2019), a new HVAC system, a new hot water heater, new plumbing, new electric, new walls and ceilings, new windows, a new bathroom and storage closets, new crown molding and decorative beams throughout, new paint, new oak shelving throughout, new LVP flooring combined with original wood restoration, extensive cleaning and sealing of the basement space, and a new rear cellar retaining wall. The property is located in WILLIAMSPORT, MD, and the building has a total size of 6,006 square feet on a lot of 0.0485 acres.
Key Highlights
- Almost 10% CAP rate potential with a vacant retail space ready to be leased at $2,600/month.
- Four fully occupied residential units generating current rental income.
- Extensively renovated 1,660 sq ft main level retail space.
Local Financial Insights For Mixed Use
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 | $108.1k | $18.00 |
| − Vacancy | −$13.0k | −$2.16 |
| EGI | $95.1k | $15.84 |
| − OpEx | −$35.7k | −$5.94 |
| NOI | $59.5k | $9.90 |
6,006 SF · lease $18.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$939.5K
$822.1K – $1.10M
NOI $65,765 @ 7.0% cap · market cap 9.41%
Second Best
Mixed Use
$849.4K
$743.2K – $991.0K
NOI $59,459 @ 7.0% cap · market cap 8.51%
Theoretical Best
Office A
$1.33M
$1.17M – $1.55M
NOI $93,258 @ 7.0% cap · market cap 13.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sprout: Plants & Things
Garden Center
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FAQs
What type of property is this?
Mixed-use property - Multi-unit property with retail space and residential units.
Where is this mixed-use property located?
The property is located at 5 N CONOCOCHEAGUE Street Williamsport, MD.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Almost 10% CAP rate potential with a vacant retail space ready to be leased at $2,600/month.; Four fully occupied residential units generating current rental income.; **Extensively renovated 1,660 sq ft main level retail space.**
