Duplex with Separate Electric
New
For Sale
$125,000
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
Price / SF$71.84
Days on Market7
Property Features for 142-144 GREEN STREET
General Information
Standard status
Active
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) 549-9527
Listed By:
Amy Elizabeth Grubby · License #5008232
(240) 549-9527
Source:
Cummingsrealtors
Added: Aug 25
Changed: Aug 30
Last Checked: Aug 30 at 8:58PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,910
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
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
Questions? Ask Rey
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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
