Mid-Century Duplex with Accessory
11306 Hessong Bridge Rd, Thurmont, MD 21788
For Sale
$450,000
Ranch-style duplex with a private secondary living area, finished lower level, and multiple recent system upgrades.
Property Size2,122 SF
Price / SF$212.06
Days on Market54
Property Features for 11306 Hessong Bridge Rd
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
fireplace
washer/dryer
garden shed
Building Details
Year Built
Construction
Listing Agency:
Keller Williams Realty Centre
Listed By:
Bret L Merson · License #0655799
(240) 405-8442
Source:
Gklegacygroup
Added: Sep 16
Changed: Oct 26
Last Checked: Oct 7 at 3:07PM
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 Keller Williams Realty Centre
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Investment Insights
Based on property information with market context.
This 1965 ranch-style duplex offers a main residence with mid-century character and a separate accessory apartment. The primary level includes an oversized living room with fireplace, hardwood floors, wood trim, solid wood doors, and three picture windows overlooking the yard. The apartment has its own living and dining area, bedroom, bathroom, kitchenette, and private entrance.
A finished lower level adds usable living space and includes a utility room with storage and washer/dryer connections. Exterior features include a landscaped corner lot, garden shed, attached two-space carport, and horseshoe driveway with additional parking. Recent improvements include a Generac whole-house generator, new oil furnace, new roof, new water pump system, and Culligan water treatment system. The property contains 2,122 square feet and is positioned near Frederick, which is stated as 10 minutes away.
A finished lower level adds usable living space and includes a utility room with storage and washer/dryer connections. Exterior features include a landscaped corner lot, garden shed, attached two-space carport, and horseshoe driveway with additional parking. Recent improvements include a Generac whole-house generator, new oil furnace, new roof, new water pump system, and Culligan water treatment system. The property contains 2,122 square feet and is positioned near Frederick, which is stated as 10 minutes away.
Key Highlights
- Duplex with a separate accessory apartment and private entrance
- 2,122 square feet on a landscaped corner lot
- Finished lower level with utility room, storage, and washer/dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,410
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,200
$628.2K
Cap Rate 7%
$448,714
$448.7K
Cap Rate 9%
$349,000
$349.0K
Market Conditions
NOI Build-Up for 2,122 SF
Gross rent
$47.1K $22.20/SF
− Vacancy
−$2.2K −$1.05/SF
EGI
$44.9K $21.15/SF
− OpEx
−$13.5K −$6.34/SF
NOI
$31.4K $14.80/SF
Area
Frederick County, MD
Vacancy
4.75%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,200
Cap Rate 7%
$448,714
Cap Rate 9%
$349,000
Alternative Uses
Best Use
Multifamily LT 5
$448.7K
$392.6K – $523.5K
NOI $31,410 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$412.5K
$360.9K – $481.2K
NOI $28,872 @ 7.0% cap · market cap 6.42%
Theoretical Best
Specialty Retail
$786.3K
$688.0K – $917.4K
NOI $55,041 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
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Business Placement
Demographics for 21788, MD
11,491
Population
5,102
Households
2.3
Avg Household Size
44
Median Age
30%
College-Educated
91%
High-School Grad
65.4 sq mi
ZIP Area
176
Density / Sq Mi
$93,717
Median Household Income
$52,334
Median Earnings
$1,015
Median Rent
$342,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Ranch-style duplex with a private secondary living area, finished lower level, and multiple recent system upgrades.
Where is this duplex located?
The property is located at 11306 Hessong Bridge Rd Thurmont, MD.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Duplex with a separate accessory apartment and private entrance; 2,122 square feet on a landscaped corner lot; Finished lower level with utility room, storage, and washer/dryer
