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Multifamily Property with Basement Laundry
New
For Sale
$339,900

21 S Martin Street S, Clear Spring, MD 21722

Income-producing residential property with tenant laundry facilities and multiple system updates.

Property Size3,616 SF
Price / SF$93
Days on Market4

Property Features for 21 S Martin Street S

General Information

Standard status Active
Size 3,616 SF
Property subtype Multi-Family

Amenities

coin operated washer and dryer

Building Details

Year Built 1880
Listing Agency: Real Estate Innovations
Listed By: Linda Wigfield · License #10910
Source: Deepcreeksales
Added: Sep 2 Last Checked: Sep 5 at 4:25AM

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 Real Estate Innovations

Investment Insights

Based on property information with market context.

This 3,616-square-foot multifamily property was built in 1880 and includes a basement with coin-operated laundry equipment for tenant use. Each unit is served by its own hot water heater, while a central hot water boiler supports the property.

The roof was replaced in October 2014, followed by installation of a new hot water boiler in September 2016. Exterior paint and window trim were addressed in 2017, along with replacement tilt-in windows. The boiler carries a lifetime warranty.

Key Highlights

  • 3,616‑square‑foot multifamily property built in 1880
  • Roof replacement completed in October 2014
  • New hot water boiler installed in September 2016 with lifetime warranty

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Building Supply HVAC Service Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

80
Businesses Nearby

Demographics for 21722, MD

5,674
Population
2,347
Households
2.4
Avg Household Size
44
Median Age
23%
College-Educated
93%
High-School Grad
56.9 sq mi
ZIP Area
100
Density / Sq Mi
$86,341
Median Household Income
$54,863
Median Earnings
$877
Median Rent
$298,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Income-producing residential property with tenant laundry facilities and multiple system updates.
Where is this multifamily property located?
The property is located at 21 S Martin Street S Clear Spring, MD.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 3,616‑square‑foot multifamily property built in 1880; Roof replacement completed in October 2014; New hot water boiler installed in September 2016 with lifetime warranty
More about this property
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