Listing Agency: Century 21 Potomac West Show Phone

Listed By: Dennis L Murray · License #503831 Show Phone

Source: Cathyshometeam

Added: Nov 27, 2025 Changed: Oct 14 Last Checked: Oct 16 at 8:15AM

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Investment Insights

Based on property information with market context.

This duplex features a new metal roof and long-term tenants. One tenant has resided at the property for over 15 years. The current gross income is approximately $11,400. Tenants are responsible for all utilities. This property is located in Cumberland, MD.

Key Highlights

• New metal roof installed.
• Long‑term tenants in place.
• Tenants pay all utilities.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,671

Cap Rate

8.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$253,420 $253.4K

Cap Rate 7%

$181,014 $181.0K

Cap Rate 9%

$140,789 $140.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,872 SF

Gross rent

$19.1K $10.20/SF

− Vacancy

−$993 −$0.53/SF

EGI

$18.1K $9.67/SF

− OpEx

−$5.4K −$2.90/SF

NOI

$12.7K $6.77/SF

Area

Allegany County, MD

Vacancy

5.20%

Lease Rate

$10.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$253,420

Cap Rate 7%

$181,014

Cap Rate 9%

$140,789

Alternative Uses

Best Use

Multifamily LT 5

$181.0K

$158.4K – $211.2K (±1% cap)

NOI $12,671 @ 7.0% cap · market cap 8.45%

Second Best

Apartment 5plus

$167.7K

$146.7K – $195.6K (±1% cap)

NOI $11,737 @ 7.0% cap · market cap 7.83%

Theoretical Best

Office A

$694.2K

$607.5K – $809.9K (±1% cap)

NOI $48,596 @ 7.0% cap · market cap 32.42%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Garden Center Computer & Electronic Repair Carpet & Flooring Store Auto Parts Store Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

543

Businesses Nearby

Explore this area Business Placement

Demographics for 21502, MD

41,153

Population

19,562

Households

2.1

Avg Household Size

44

Median Age

20%

College-Educated

89%

High-School Grad

92.1 sq mi

ZIP Area

447

Density / Sq Mi

$58,721

Median Household Income

$39,507

Median Earnings

$771

Median Rent

$151,400

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Duplex with long-term tenants. Great investment opportunity.

Where is this duplex located?

The property is located at 16-18-20 GRAND AVE Cumberland, MD.

What is the asking price?

The asking price for this property is $149,900.

What are key features of this property?

This property features: New metal roof installed.; Long‑term tenants in place.; Tenants pay all utilities.