Fully Rented Triplex Income
202 E CHAPLINE Street Sharpsburg, MD 21782
For Sale
$338,995
MULTI_FAMILY - Colonial - SHARPSBURG, MD
Property Size2,122 SF
Lot Size0.14 Acres
Price / SF$159.75
Days on Market51
Property Features for 202 E CHAPLINE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- 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 Agency:
Keller Williams Realty Advantage
(304) 901-4886
Listed By:
Megan E Pantalena · License #5022553
(304) 671-2881
Added: Jun 6
Changed: Jul 23
Last Checked: Jul 26 at 7:06AM
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.
Investment Insights
Based on property information with market context.
This for-sale triplex in Sharpsburg, Maryland is fully occupied with all three units currently rented. The property is producing $3,216 per month in gross rental income, or $38,592 annually, offering immediate occupancy at the time of sale.
The asset is located in Washington County with convenient access to Hagerstown, Shepherdstown, Boonsboro, and regional commuter routes, along with local amenities.
Buyer due diligence is required to verify unit information, zoning and rental licensing, income, expenses, utilities, and intended use.
The asset is located in Washington County with convenient access to Hagerstown, Shepherdstown, Boonsboro, and regional commuter routes, along with local amenities.
Buyer due diligence is required to verify unit information, zoning and rental licensing, income, expenses, utilities, and intended use.
Key Highlights
- Fully occupied triplex with all three units rented
- Gross rental income of $3,216 per month ($38,592 annually)
- Electric heating with baseboard heat
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 |
2,122 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$318.0K
$278.2K – $371.0K
NOI $22,259 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$285.3K
$249.6K – $332.9K
NOI $19,971 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$470.7K
$411.9K – $549.2K
NOI $32,949 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex with three currently rented units generating gross rental income of $3,216 per month.
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: Fully occupied triplex with all three units rented; Gross rental income of $3,216 per month ($38,592 annually); Electric heating with baseboard heat
