Building Details

Year built 1856

Number of units 3

Building materials Wood Siding

Architectural style Colonial

Listing Agency: Keller Williams Realty Advantage r***@msn.com Show Phone

Listed By: Megan E Pantalena · License #5022553 Show Phone

Added: Jun 6 Changed: Sep 16 Last Checked: Oct 31 at 8:06AM

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MLS# MDWA2037586

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.

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Investment Insights

Based on property information with market context.

This 2,122-square-foot triplex, built in 1856, includes three currently rented units and a basement. The property has Colonial architectural styling, wood siding, electric baseboard heating, and appliances including refrigerators and stoves. On-street parking serves the building.

The property is located in Sharpsburg, Washington County, with access to Hagerstown, Shepherdstown, Boonsboro, commuter routes, and local amenities. The parcel encompasses 0.1382 acres and carries a 21782 postal designation.

Key Highlights

• Three‑unit triplex with all units currently rented
• 2,122 square feet on a 0.1382‑acre lot
• Built in 1856 with Colonial architectural style

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,259

Cap Rate

6.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$445,180 $445.2K

Cap Rate 7%

$317,986 $318.0K

Cap Rate 9%

$247,322 $247.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,122 SF

Gross rent

$34.4K $16.20/SF

− Vacancy

−$2.6K −$1.22/SF

EGI

$31.8K $14.99/SF

− OpEx

−$9.5K −$4.50/SF

NOI

$22.3K $10.49/SF

Area

Washington County, MD

Vacancy

7.50%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$445,180

Cap Rate 7%

$317,986

Cap Rate 9%

$247,322

Alternative Uses

Best Use

Multifamily LT 5

$318.0K

$278.2K – $371.0K (±1% cap)

NOI $22,259 @ 7.0% cap · market cap 6.57%

Second Best

Apartment 5plus

$285.3K

$249.6K – $332.9K (±1% cap)

NOI $19,971 @ 7.0% cap · market cap 5.89%

Theoretical Best

Office A

$470.7K

$411.9K – $549.2K (±1% cap)

NOI $32,949 @ 7.0% cap · market cap 9.72%

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

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

104

Businesses Nearby

Explore this area Business Placement

Demographics for 21782, MD

3,866

Population

1,683

Households

2.3

Avg Household Size

47

Median Age

25%

College-Educated

93%

High-School Grad

29.3 sq mi

ZIP Area

132

Density / Sq Mi

$89,375

Median Household Income

$52,377

Median Earnings

$1,124

Median Rent

$295,900

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Similar For Sale Nearby

See more

Historic Brick Tavern Building

144 MAIN STREET, Sharpsburg, MD 21782

$425,000

2,896 SF

View details

Historic Sharpsburg House Renovation

117 E Main St, Sharpsburg, MD 21782

$375,000

6,156 SF

View details

Frequently Asked Questions

What type of property is this?

Triplex - Three rented units provide established occupancy in a Colonial-style building.

Where is this triplex located?

The property is located at 202 E CHAPLINE Street Sharpsburg, MD.

What is the asking price?

The asking price for this property is $338,995.

What are key features of this property?

This property features: Three‑unit triplex with all units currently rented; 2,122 square feet on a 0.1382‑acre lot; Built in 1856 with Colonial architectural style