202 E CHAPLINE Street, Sharpsburg, MD 21782
MULTI_FAMILY - Colonial - SHARPSBURG, MD
- Added:
- Jun 6, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 10 at 1:06 am
Property Features for 202 E CHAPLINE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Appliances
- Refrigerator, Stove
- Standard status
- Active
- Size
- 2,122 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1907
Utilities
- Heating system
- Baseboard, Electric (Heating)
Building Details
- Year built
- 1856
- Number of units
- 3
- Building materials
- Wood Siding
- Architectural style
- Colonial
Listing agent Megan E Icenhour License #5022553 (304) 671-2881
Listing office Keller Williams Realty Advantage 3684 Shepherdstown Road, Martinsburg, MD (304) 901-4886
Listing date Jun 6, 2026
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.
HighLights
- Fully occupied triplex with all three units rented
- Gross rental income of $3,216 per month ($38,592 per year)
- Year built 1856; colonial architectural style
- Wood siding exterior with electric heating and baseboard heat
- Includes refrigerator and stove
- On‑street parking
Overview
Located in Washington County in Sharpsburg, the property is described as having convenient access to Hagerstown, Shepherdstown, and Boonsboro, along with commuter routes and local amenities. This makes the asset positioned for buyers seeking a multi-unit rental within a connected commute corridor.
For investors or owner-operators looking for a multi-family residential income property with in-place tenants, this triplex provides the benefit of current occupancy across all three units, based on the information provided. Prospective buyers should review lease terms, verify operating details, and confirm any regulatory requirements related to zoning and rental licensing before closing.
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 | $34.4k | $16.20 |
| − Vacancy | −$2.6k | −$1.22 |
| EGI | $31.8k | $14.99 |
| − OpEx | −$9.5k | −$4.50 |
| NOI | $22.3k | $10.49 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sharpsburg
- County
- Washington
- State
- Maryland
- Longitude
- -77.74631
- Latitude
- 39.46019
