Duplex with Separate Electric
For Sale
$125,000
Pending
142-144 GREEN STREET, Frostburg, MD 21532
Two residential units offer distinct layouts, shared laundry, and a refreshed two-bedroom apartment.
Property Size1,740 SF
Days on Market52
Property Features for 142-144 GREEN STREET
General Information
Standard status
Pending
Size
1,740 SF
Property subtype
Duplex
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
shared washer and dryer
Building Details
Year Built
1940
Buildings
1
Listing Agency:
AEK Real Estate, LLC
(240) 232-7003
Listed By:
Amy Elizabeth Smith · License #5008232
(240) 549-9527
Source:
Cummingsrealtors
Added: Aug 26
Changed: Oct 15
Last Checked: Oct 15 at 1:13AM
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 AEK Real Estate, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,740-square-foot duplex, built in 1940, contains two separate residential units: one with 1 bedroom and 1 bath, and another with 2 bedrooms and 1 bath. The larger unit has updated flooring and fresh paint. Laundry equipment is shared in the basement, providing a common amenity for both apartments.
Located at 142-144 Green Street in Frostburg, the property is close to the college. Electric service is separately metered, with tenants responsible for their own electric usage. Both units are ready for new tenants, offering a straightforward configuration for continued rental use or an owner-occupant arrangement.
Located at 142-144 Green Street in Frostburg, the property is close to the college. Electric service is separately metered, with tenants responsible for their own electric usage. Both units are ready for new tenants, offering a straightforward configuration for continued rental use or an owner-occupant arrangement.
Key Highlights
- 1,740‑square‑foot duplex with two residential units
- Unit mix includes 1 bedroom/1 bath and 2 bedrooms/1 bath
- 2‑bedroom unit features updated flooring and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,910
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,200
$218.2K
Cap Rate 7%
$155,857
$155.9K
Cap Rate 9%
$121,222
$121.2K
Market Conditions
NOI Build-Up for 1,740 SF
Gross rent
$20.9K $12.00/SF
− Vacancy
−$1.0K −$0.60/SF
EGI
$19.8K $11.40/SF
− OpEx
−$8.9K −$5.13/SF
NOI
$10.9K $6.27/SF
Area
Allegany County, MD
Vacancy
5.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,200
Cap Rate 7%
$155,857
Cap Rate 9%
$121,222
Alternative Uses
Best Use
Multifamily LT 5
$168.3K
$147.2K – $196.3K
NOI $11,778 @ 7.0% cap · market cap 9.42%
Second Best
Apartment 5plus
$155.9K
$136.4K – $181.8K
NOI $10,910 @ 7.0% cap · market cap 8.73%
Theoretical Best
Office A
$645.3K
$564.6K – $752.8K
NOI $45,170 @ 7.0% cap · market cap 36.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Explore this area
Business Placement
Demographics for 21532, MD
13,328
Population
6,044
Households
2.2
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
74.1 sq mi
ZIP Area
180
Density / Sq Mi
$60,158
Median Household Income
$33,054
Median Earnings
$839
Median Rent
$175,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct layouts, shared laundry, and a refreshed two-bedroom apartment.
Where is this duplex located?
The property is located at 142-144 GREEN STREET Frostburg, MD.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 1,740‑square‑foot duplex with two residential units; Unit mix includes 1 bedroom/1 bath and 2 bedrooms/1 bath; 2‑bedroom unit features updated flooring and fresh paint
