Four-Unit Apartment
New
For Sale
$215,000
191 E MAIN St, Frostburg, MD 21532
Basement storage, laundry facilities, and a one-car garage support the four residential units.
Property Size2,434 SF
Days on Market1
Property Features for 191 E MAIN St
General Information
Standard status
Active
Size
2,434 SF
Property subtype
Investment
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Individually Metered Utilities
electric, water
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,084
Amenities
laundry area
Building Details
Building Size
2,434 SF
Year Built
1920
Units
4
Listing Agency:
Mountainside Home Realty
Listed By:
Allyson M. Litten · License #666909
(301) 268-7504
Source:
Elliman
Added: Oct 30
Last Checked: Oct 30 at 3:32PM
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 Mountainside Home Realty
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Investment Insights
Based on property information with market context.
This four-unit residential property contains four one-bedroom, one-bathroom apartments across two levels. Two units occupy the main floor, while two are upstairs; the upper-level fourth unit has an eat-in kitchen. The building dates to 1920. Basement space includes storage, a laundry area, utility space, and a one-car garage. One main-floor apartment also connects to a rear deck.
The property occupies a double lot with off-street parking and yard area. Electricity and water are separately metered for the units.
The property occupies a double lot with off-street parking and yard area. Electricity and water are separately metered for the units.
Key Highlights
- Four one‑bedroom, one‑bathroom apartments
- 1920‑built property with a one‑car garage
- Basement includes storage, laundry, and utility space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,475
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,500
$329.5K
Cap Rate 7%
$235,357
$235.4K
Cap Rate 9%
$183,056
$183.1K
Market Conditions
NOI Build-Up for 2,434 SF
Gross rent
$24.8K $10.20/SF
− Vacancy
−$1.3K −$0.53/SF
EGI
$23.5K $9.67/SF
− OpEx
−$7.1K −$2.90/SF
NOI
$16.5K $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%
$329,500
Cap Rate 7%
$235,357
Cap Rate 9%
$183,056
Alternative Uses
Best Use
Multifamily LT 5
$235.4K
$205.9K – $274.6K
NOI $16,475 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$218.0K
$190.8K – $254.4K
NOI $15,261 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$902.7K
$789.8K – $1.05M
NOI $63,186 @ 7.0% cap · market cap 29.39%
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
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
512
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Basement storage, laundry facilities, and a one-car garage support the four residential units.
Where is this quadplex located?
The property is located at 191 E MAIN St Frostburg, MD.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bathroom apartments; 1920‑built property with a one‑car garage; Basement includes storage, laundry, and utility space
