Updated Income-Generating
154 E MAIN STREET Frostburg, MD 21532
New
For Sale
$287,000
Income-producing triplex featuring a new roof, renovated kitchens and bathrooms, and a rentable oversized garage.
Property Size2,684 SF
Price / SF$106.93
Days on Market6
Property Features for 154 E MAIN STREET
General Information
- Standard status
- Active
- Size
- 2,684 SF
- Property subtype
- Triplex
Building Details
- Year Built
- 1875
Listing Agency:
Better Homes & Gardens Real Estate Old Line Group
(301) 697-0106
Listed By:
Jeremy Rice · License #5010595
(301) 697-0106
Source:
Cummingsrealtors
Added: Jul 19
Changed: Jul 24
Last Checked: Jul 24 at 2:58AM
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 Better Homes & Gardens Real Estate Old Line Group
Investment Insights
Based on property information with market context.
This income-producing triplex has been updated throughout, with a new roof and renovated kitchens and bathrooms in all three units. The property also includes an oversized garage that is currently rented to generate additional income.
The building is offered for sale at 154 E Main Street in Frostburg, Maryland. More photos are expected as the listing is finalized.
The layout supports multiple residential units with separate living spaces, supplemented by garage income.
The building is offered for sale at 154 E Main Street in Frostburg, Maryland. More photos are expected as the listing is finalized.
The layout supports multiple residential units with separate living spaces, supplemented by garage income.
Key Highlights
- Income‑producing triplex with new roof
- All three units have renovated kitchens and bathrooms
- Oversized garage available as a rented income add‑on
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 | $27.4k | $10.20 |
| − Vacancy | −$1.4k | −$0.53 |
| EGI | $26.0k | $9.67 |
| − OpEx | −$7.8k | −$2.90 |
| NOI | $18.2k | $6.77 |
2,684 SF · lease $10.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$259.5K
$227.1K – $302.8K
NOI $18,167 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$240.4K
$210.4K – $280.5K
NOI $16,829 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$995.4K
$871.0K – $1.16M
NOI $69,676 @ 7.0% cap · market cap 24.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Income-producing triplex featuring a new roof, renovated kitchens and bathrooms, and a rentable oversized garage.
Where is this triplex located?
The property is located at 154 E MAIN STREET Frostburg, MD.
What is the asking price?
The asking price for this property is $287,000.
What are key features of this property?
This property features: Income‑producing triplex with new roof; All three units have renovated kitchens and bathrooms; Oversized garage available as a rented income add‑on
