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    611 E Oak St Oakland, MD 21550

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    For Sale
    $295,000

    Three-unit building with long-term tenants near downtown Oakland.

    Lot size:
    0.25 Acres

    Property Features for 611 E Oak St

    General Information

    Lot size
    0.25 Acres

    Building Details

    Year built
    1928

    Source: Railey Realty, Inc. Agent Justin D Liller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income Producing Triplex Near Downtown

    This is an income-producing three-unit building featuring three separate apartments, located within walking distance of downtown Oakland. The main and upper levels each contain two-bedroom units, while the basement unit offers one bedroom. All units are currently leased. The building is reported to be in excellent condition. One tenant has been renting for 12 years, another for 10 years, and the third for eight years. This multifamily property is suitable for investors.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Garden Center Furniture Store Senior Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Garrett
    State
    Maryland
    Longitude
    -79.3888
    Latitude
    39.3804

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    FAQs

    What type of property is this?
    Triplex - Three-unit building with long-term tenants near downtown Oakland.
    Where is this triplex located?
    The property is located at 611 E Oak St Oakland, MD.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Income-producing three-unit building.; - Excellent condition throughout the entire building.; - Walking distance to downtown Oakland.
    (301) 616-8384
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    611 E Oak St Oakland, MD 21550
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    Oakland, MD 21550
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    611 E Oak St Oakland, MD 21550
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