Duplex Property With Two
New
For Sale
$374,995
21377-21379 MOUNT LENA Rd, Boonsboro, MD 21713
Duplex on 1.03 acres with two separate homes on one deed, off-street parking, and recent updates including new roofing and windows.
Lot Size1.03 Acres
Days on Market3
Property Features for 21377-21379 MOUNT LENA Rd
General Information
Standard status
Active
Lot size
1.03 Acres
Property subtype
Investment
Additional Details
Gross Income
$34,800
Amenities
storage shed
off-street parking
outdoor space
partial unfinished basement
Building Details
Building Size
1,500 SF
Year Built
1991
Buildings
2
Tenancy
Multi
Listing Agency:
Sullivan Select
(301) 992-6444
Listed By:
Tracey Rotz · License #505283
(301) 992-6444
Source:
Elliman
Added: Jul 29
Changed: Jul 31
Last Checked: Jul 31 at 5:20AM
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 Sullivan Select
Investment Insights
Based on property information with market context.
This duplex property consists of two separate homes on one deed, set on a 1.03-acre parcel. The main Cape Cod-style home is already leased through 2/28/27, and the second home is move-in ready. Both homes have their own storage shed, off-street parking, and outdoor space.
The larger home includes a functional country kitchen with essential appliances, new windows, a new water heater, and a UV light system on the well water. It also has a partial unfinished basement that can support storage needs or future expansion. The second home has been improved with a new roof, new windows, new LVP flooring, and an updated tile shower.
Built in 1991, this Boonsboro duplex offers a straightforward two-home setup with differentiated update packages and separate living spaces, supporting both immediate and ongoing rental use at the property level.
The larger home includes a functional country kitchen with essential appliances, new windows, a new water heater, and a UV light system on the well water. It also has a partial unfinished basement that can support storage needs or future expansion. The second home has been improved with a new roof, new windows, new LVP flooring, and an updated tile shower.
Built in 1991, this Boonsboro duplex offers a straightforward two-home setup with differentiated update packages and separate living spaces, supporting both immediate and ongoing rental use at the property level.
Key Highlights
- Two separate homes on one deed within a 1.03‑acre parcel
- Main Cape Cod‑style home leased through 2/28/27
- Second home move‑in ready with new roof
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 | $24.3k | $16.20 |
| − Vacancy | −$1.8k | −$1.22 |
| EGI | $22.5k | $14.99 |
| − OpEx | −$6.7k | −$4.50 |
| NOI | $15.7k | $10.49 |
1,500 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$224.8K
$196.7K – $262.2K
NOI $15,734 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$201.7K
$176.5K – $235.3K
NOI $14,117 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$332.7K
$291.1K – $388.2K
NOI $23,291 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 21713, MD
9,800
Population
4,109
Households
2.4
Avg Household Size
45
Median Age
28%
College-Educated
92%
High-School Grad
39.6 sq mi
ZIP Area
247
Density / Sq Mi
$101,585
Median Household Income
$58,929
Median Earnings
$1,224
Median Rent
$348,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex on 1.03 acres with two separate homes on one deed, off-street parking, and recent updates including new roofing and windows.
Where is this duplex located?
The property is located at 21377-21379 MOUNT LENA Rd Boonsboro, MD.
What is the asking price?
The asking price for this property is $374,995.
What are key features of this property?
This property features: Two separate homes on one deed within a 1.03‑acre parcel; Main Cape Cod‑style home leased through 2/28/27; Second home move‑in ready with new roof
