Duplex with Remodeled Vacant
231-233 Maryland Avenue Westernport, MD 21562
231-233 Maryland Avenue, Westernport, MD, 21562
$99,900
For Sale
$99,900
Duplex with one occupied unit at $900/month and a remodeled vacant side ready for a new tenant.
Property Size1,108 SF
Price / SF$90.16
Days on Market312
Property Features for 231-233 Maryland Avenue
General Information
- Standard status
- Active
- Size
- 1,108 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1940
Listing agency
The American Real Estate Co.
(301) 707-0616
Listed by
Timothy A Brinkman · License #321092
(301) 707-0616
Source
Compass
Added: Sep 14, 2025 Updated: Jul 21 at 6:57AM Checked: Jul 22 at 11:18AM
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 The American Real Estate Co.
Investment Insights
Based on property information with market context.
This duplex at 231-233 Maryland Avenue includes two separate sides, with one unit currently occupied for $900 per month. The other side, 231, is vacant and has been remodeled, making it ready for a new tenant.
The property is located in city limits in Allegany County, Maryland. It is within the Allegany County Public Schools district.
As presented, the building offers straightforward income opportunities with the ability to occupy one side while renting the other, or rent both units for ongoing rental revenue.
The property is located in city limits in Allegany County, Maryland. It is within the Allegany County Public Schools district.
As presented, the building offers straightforward income opportunities with the ability to occupy one side while renting the other, or rent both units for ongoing rental revenue.
Key Highlights
- Duplex built in 1940 with one side currently occupied and one side vacant
- Occupied unit rents for $900/month
- Vacant side has been remodeled and is ready to rent for a new tenant
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 | $11.3k | $10.20 |
| − Vacancy | −$588 | −$0.53 |
| EGI | $10.7k | $9.67 |
| − OpEx | −$3.2k | −$2.90 |
| NOI | $7.5k | $6.77 |
1,108 SF · lease $10.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$107.1K
$93.8K – $125.0K
NOI $7,500 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$99.2K
$86.8K – $115.8K
NOI $6,947 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$410.9K
$359.5K – $479.4K
NOI $28,763 @ 7.0% cap · market cap 28.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with one occupied unit at $900/month and a remodeled vacant side ready for a new tenant.
Where is this duplex located?
The property is located at 231-233 Maryland Avenue Westernport, MD.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: Duplex built in 1940 with one side currently occupied and one side vacant; Occupied unit rents for $900/month; Vacant side has been remodeled and is ready to rent for a new tenant
