One-Level
16307 Gold Run Road SW, Lonaconing, MD 21539
For Sale
New
$230,000
Separate water and electric meters serve the three residential units.
Property Size2,128 SF
Lot Size0.36 Acres
Price / SF$108.08
Days on Market3
Property Features for 16307 Gold Run Road SW
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Road Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Amenities
dedicated laundry
central A/C
Building Details
Year Built
Buildings
Stories
Listing Agency:
Coldwell Banker Premier
Listed By:
Nadine Beechie · License #3114672
(301) 697-5463
Source:
Citysmartliving
Added: Nov 6
Last Checked: Nov 6 at 2:23PM
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 Coldwell Banker Premier
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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 2,128-square-foot triplex was built in 2001 and occupies a 0.36-acre lot. The single-level building has three apartments: a two-bedroom, one-bath unit; a one-bedroom, one-bath unit; and a three-bedroom, one-bath unit. Each apartment includes a full kitchen, living area, and entry-level laundry. A basement with garage-door access is used for storage, not tenant space, and is not suitable for vehicle parking. The property has a permanent foundation, a heat pump with central air conditioning, and separate water and electric meters for each unit.
Public sewer serves the property, with public water or a backup well available. Parking is located at the front and along the upper side of the building. Dan's Mountain State Park is approximately one-half mile away.
Public sewer serves the property, with public water or a backup well available. Parking is located at the front and along the upper side of the building. Dan's Mountain State Park is approximately one-half mile away.
Key Highlights
- Three‑unit layout with 2‑bedroom, 1‑bedroom, and 3‑bedroom apartments
- 2,128 square feet on a 0.36‑acre lot
- Separate water and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,404
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,080
$288.1K
Cap Rate 7%
$205,771
$205.8K
Cap Rate 9%
$160,044
$160.0K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$21.7K $10.20/SF
− Vacancy
−$1.1K −$0.53/SF
EGI
$20.6K $9.67/SF
− OpEx
−$6.2K −$2.90/SF
NOI
$14.4K $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%
$288,080
Cap Rate 7%
$205,771
Cap Rate 9%
$160,044
Alternative Uses
Best Use
Multifamily LT 5
$205.8K
$180.1K – $240.1K
NOI $14,404 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$190.6K
$166.8K – $222.4K
NOI $13,343 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$789.2K
$690.5K – $920.7K
NOI $55,242 @ 7.0% cap · market cap 24.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
Business Placement
Demographics for 21539, MD
2,536
Population
1,074
Households
2.4
Avg Household Size
44
Median Age
18%
College-Educated
90%
High-School Grad
37.1 sq mi
ZIP Area
68
Density / Sq Mi
$51,667
Median Household Income
$36,065
Median Earnings
$822
Median Rent
$108,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Separate water and electric meters serve the three residential units.
Where is this triplex located?
The property is located at 16307 Gold Run Road SW Lonaconing, MD.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Three‑unit layout with 2‑bedroom, 1‑bedroom, and 3‑bedroom apartments; 2,128 square feet on a 0.36‑acre lot; Separate water and electric meters for each unit
