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    1531 Furnace Ave Glen Burnie, MD 21060

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    For Sale
    $450,000

    Two spacious units, large yard, convenient location, investment opportunity.

    Lot size:
    0.17 Acres

    Property Features for 1531 Furnace Ave

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    1984

    Source: Redfin Corp Agent Jonathan Scheffenacker

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

    Overview

    Multifamily Property with Two Units

    This multifamily property features two units, each containing 3 bedrooms and 2 bathrooms. The units are described as spacious, bright, and airy. The upper unit benefits from vaulted ceilings, enhancing the sense of openness. For convenience, each unit is equipped with its own in-unit washer and dryer. The property includes a large yard and a shed, providing additional storage space. One unit is currently rented on a month-to-month basis, while the other is leased through April 2026. This property presents an opportunity for investors or owner-occupants looking to rent out one unit while residing in the other.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Burnie
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.5871814
    Latitude
    39.1756784

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    FAQs

    What type of property is this?
    Duplex - Two spacious units, large yard, convenient location, investment opportunity.
    Where is this duplex located?
    The property is located at 1531 Furnace Ave Glen Burnie, 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: - Multifamily property with two 3-bedroom, 2-bathroom units; - In-unit washer and dryer in both units; - Potential for rental income from both units or owner-occupancy of one unit
    (443) 604-6298
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    1531 Furnace Ave Glen Burnie, MD 21060
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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
    1531 Furnace Ave Glen Burnie, MD 21060
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