Updated Tri-Plex with
154 E MAIN Street Frostburg, MD 21532
New
154 E MAIN Street, Frostburg, MD, 21532
$287,000
For Sale
$287,000
MULTI_FAMILY - Victorian - FROSTBURG, MD
Property Size2,684 SF
Lot Size0.19 Acres
Price / SF$106.93
Days on Market2
Property Features for 154 E MAIN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Parking features
- Off Street
- Standard status
- Active
- Size
- 2,684 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3444
Utilities
- Heating system
- Other (Heating)
Building Details
- Year built
- 1875
- Number of units
- 3
- Building materials
- Stick Built
- Architectural style
- Victorian
Listing agency
Better Homes & Gardens Real Estate Old Line Group
(301) 689-0100
Listed by
Jeremy Rice · License #5010595
(301) 697-0106
Added: Jul 21 Checked: Jul 22 at 3:06AM
MLS# MDAL2015378
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This income-producing tri-plex includes updates throughout, with a new roof and renovated kitchens and bathrooms in all three units. The property also features an oversized garage that is currently rented to generate additional income.
The building is located at 154 E Main Street in Frostburg, Maryland, in Allegany County. More photos are expected as the listing is finalized.
With three residential units and supplementary garage income, the property offers a straightforward multi-family setup for an investor seeking an updated residential income asset.
The building is located at 154 E Main Street in Frostburg, Maryland, in Allegany County. More photos are expected as the listing is finalized.
With three residential units and supplementary garage income, the property offers a straightforward multi-family setup for an investor seeking an updated residential income asset.
Key Highlights
- Income‑producing tri‑plex with Victorian style
- New roof and updates throughout the property
- All three units feature renovated kitchens and bathrooms
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 | $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
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Income-producing tri-plex with renovated kitchens and bathrooms plus an oversized rented garage for additional income.
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 tri‑plex with Victorian style; New roof and updates throughout the property; All three units feature renovated kitchens and bathrooms
