227-229 North Brown Street Fruitland, MD 21826
Two-unit duplex with strong rental income potential.
Property Features for 227-229 North Brown Street
General Information
- Standard status
- Active
- Size
- 2,274 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2009
Listing office SVN/Miller Commercial Real Estate (410) 422-3672
Listing date May 15, 2025
Source Compass
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Investment Insights
Based on property information with market context.
Key Highlights
- Strong investment opportunity: Current market rent is $75-$100 higher per bedroom than asking rent.
- High Rental Income and NOI: Rental income of $41,400 and NOI of $31,093.47.
- Two units in excellent condition with no deferred maintenance.
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 | $43.1k | $18.96 |
| − Vacancy | −$1.6k | −$0.72 |
| EGI | $41.5k | $18.24 |
| − OpEx | −$12.4k | −$5.47 |
| NOI | $29.0k | $12.77 |
