Remodeled Side-by-Side
For Sale
$375,000
505 B Street, Lavale, MD 21502
MULTI_FAMILY - Colonial - LAVALE, MD
Property Size1,868 SF
Lot Size0.38 Acres
Price / SF$200.75
Days on Market16
Property Features for 505 B Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement, Dining Room
Parking
6
Parking features
Driveway
Interior features
Additional Stairway, Attic, Bathroom - Walk-In Shower, Bathroom - Tub Shower, Carpet, Combination Dining/Living, Ceiling Fan(s)
Appliances
Built-In Microwave, Dishwasher, Dryer - Electric, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer
Elementary school district
ALLEGANY COUNTY PUBLIC SCHOOLS
Middle school district
ALLEGANY COUNTY PUBLIC SCHOOLS
High school district
ALLEGANY COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
1,868 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Annual Amount
2300
Utilities
Heating system
Baseboard, Electric (Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
Perry Wellington Realty, LLC
(240) 979-4660
Listed By:
Roger A Brown · License #637900
(301) 707-9024
Added: Aug 6
Changed: Aug 14
Last Checked: Aug 21 at 8:06PM
MLS# MDAL2015532
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 Colonial-style duplex contains two side-by-side residences totaling 1,868 square feet on a 0.3804-acre lot. One unit offers 3 bedrooms and 1 full bath, while the other includes 2 bedrooms and 1.5 baths. Recent updates include roofing, vinyl siding, flooring, interior paint, kitchens, bathrooms, granite countertops, and stainless steel appliances. Each residence includes a driveway, and the property also features attic and basement space, combination dining/living areas, ceiling fans, and a mix of tub-shower and walk-in shower fixtures.
Built in 1925, the property is located at 505 B Street in Lavale, Maryland. Heating is provided by electric baseboard systems, with window-unit cooling. The duplex is currently occupied, with tenants responsible for utilities; lawn care and trash service are paid by the landlord.
Built in 1925, the property is located at 505 B Street in Lavale, Maryland. Heating is provided by electric baseboard systems, with window-unit cooling. The duplex is currently occupied, with tenants responsible for utilities; lawn care and trash service are paid by the landlord.
Key Highlights
- Two side‑by‑side units totaling 1,868 square feet
- Unit mix includes 3 bedrooms/1 full bath and 2 bedrooms/1.5 baths
- 0.3804‑acre lot with driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,644
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$252,880
$252.9K
Cap Rate 7%
$180,629
$180.6K
Cap Rate 9%
$140,489
$140.5K
Market Conditions
NOI Build-Up for 1,868 SF
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.
Gross rent
$19.1K $10.20/SF
− Vacancy
−$991 −$0.53/SF
EGI
$18.1K $9.67/SF
− OpEx
−$5.4K −$2.90/SF
NOI
$12.6K $6.77/SF
Area
Allegany County, MD
Vacancy
5.20%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$252,880
Cap Rate 7%
$180,629
Cap Rate 9%
$140,489
Alternative Uses
Best Use
Multifamily LT 5
$180.6K
$158.1K – $210.7K
NOI $12,644 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$167.3K
$146.4K – $195.2K
NOI $11,712 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$692.8K
$606.2K – $808.2K
NOI $48,493 @ 7.0% cap · market cap 12.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Explore this area
Business Placement
Demographics for 21502, MD
41,153
Population
19,562
Households
2.1
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
92.1 sq mi
ZIP Area
447
Density / Sq Mi
$58,721
Median Household Income
$39,507
Median Earnings
$771
Median Rent
$151,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit property with separate residences, modernized interiors, and tenant-paid utilities.
Where is this duplex located?
The property is located at 505 B Street Lavale, MD.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two side‑by‑side units totaling 1,868 square feet; Unit mix includes 3 bedrooms/1 full bath and 2 bedrooms/1.5 baths; 0.3804‑acre lot with driveway parking
