Duplex with Detached
125 W MAIN STREET, Westminster, MD 21157
For Sale
New
$575,000
The residence has separate upper- and lower-level units.
Property Size3,710 SF
Price / SF$154.99
Days on Market5
Property Features for 125 W MAIN STREET
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Additional Details
Tenant in Place
Building Details
Year Built
Listing Agency:
Smart Realty, LLC
(301) 445-1395
Listed By:
Melida Tatiana Calderon · License #5014549
(443) 929-9089
Source:
Cummingsrealtors
Added: Nov 3
Changed: Nov 6
Last Checked: Nov 6 at 10:32AM
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 Smart Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1890, this duplex is arranged as upper- and lower-level residential units. A detached two-car garage is included, and the property is fully leased.
McDaniel College, local parks, coffee shops and dining destinations are within walking distance. The property is located at 125 W Main Street in Westminster.
McDaniel College, local parks, coffee shops and dining destinations are within walking distance. The property is located at 125 W Main Street in Westminster.
Key Highlights
- Two residential units, arranged on upper and lower levels
- Detached two‑car garage
- Individually metered
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,214
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$964,280
$964.3K
Cap Rate 7%
$688,771
$688.8K
Cap Rate 9%
$535,711
$535.7K
Market Conditions
NOI Build-Up for 3,710 SF
Gross rent
$72.1K $19.44/SF
− Vacancy
−$3.2K −$0.87/SF
EGI
$68.9K $18.57/SF
− OpEx
−$20.7K −$5.57/SF
NOI
$48.2K $13.00/SF
Area
Carroll County, MD
Vacancy
4.50%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$964,280
Cap Rate 7%
$688,771
Cap Rate 9%
$535,711
Alternative Uses
Best Use
Multifamily LT 5
$688.8K
$602.7K – $803.6K
NOI $48,214 @ 7.0% cap · market cap 8.39%
Second Best
Apartment 5plus
$595.0K
$520.6K – $694.2K
NOI $41,651 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$1.38M
$1.20M – $1.61M
NOI $96,310 @ 7.0% cap · market cap 16.75%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,379
Businesses Nearby
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Business Placement
Demographics for 21157, MD
38,584
Population
15,466
Households
2.5
Avg Household Size
42
Median Age
37%
College-Educated
93%
High-School Grad
77.7 sq mi
ZIP Area
497
Density / Sq Mi
$102,835
Median Household Income
$50,254
Median Earnings
$1,236
Median Rent
$394,100
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 - The residence has separate upper- and lower-level units.
Where is this duplex located?
The property is located at 125 W MAIN STREET Westminster, MD.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two residential units, arranged on upper and lower levels; Detached two‑car garage; Individually metered
