Duplex Income
103 Young Avenue Boonsboro, MD 21713
New
103 Young Avenue, Boonsboro, MD, 21713
$335,000
Pending
For Sale
$335,000
Pending
Two-residence duplex in Boonsboro with separated electric services and potential for additional apartment or in-law suite.
Property Size2,118 SF
Days on Market3
Property Features for 103 Young Avenue
General Information
- Standard status
- Pending
- Size
- 2,118 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1966
Listing agency
Coldwell Banker Realty
(301) 964-0256
Listed by
Erin Planck · License #5021268
(301) 964-0256
Source
Compass
Added: Jul 20 Updated: Jul 21 at 10:23PM Checked: Jul 22 at 10:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Duplex property offering two residences currently configured on the site. The electric service has been separated into three services, supporting flexible utility arrangements for future layout changes. While the property shares one town water connection as currently configured, a separate hookup may be possible with town approval. The additional space may allow for creating a third apartment or a private in-law suite, subject to applicable approvals.
Located in Boonsboro within city limits, the property is positioned for convenient access to local shops, restaurants, parks, gas stations, and seasonal farm stands. Boonsboro is also described as being just minutes from Hagerstown and Frederick.
This offering includes the entire duplex, with both sides included in the sale.
Located in Boonsboro within city limits, the property is positioned for convenient access to local shops, restaurants, parks, gas stations, and seasonal farm stands. Boonsboro is also described as being just minutes from Hagerstown and Frederick.
This offering includes the entire duplex, with both sides included in the sale.
Key Highlights
- Duplex in Boonsboro includes both sides in one sale, currently configured as two residences
- Year built: 1966
- Electric has been separated into three services
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 | $34.3k | $16.20 |
| − Vacancy | −$2.6k | −$1.22 |
| EGI | $31.7k | $14.99 |
| − OpEx | −$9.5k | −$4.50 |
| NOI | $22.2k | $10.49 |
2,118 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$317.4K
$277.7K – $370.3K
NOI $22,217 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$284.8K
$249.2K – $332.2K
NOI $19,933 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$469.8K
$411.1K – $548.1K
NOI $32,887 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-residence duplex in Boonsboro with separated electric services and potential for additional apartment or in-law suite.
Where is this duplex located?
The property is located at 103 Young Avenue Boonsboro, MD.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Duplex in Boonsboro includes both sides in one sale, currently configured as two residences; Year built: 1966; Electric has been separated into three services
