Building Details

Year Built 1890

Tenancy Multi

Listing Agency: Keller Williams Legacy

Listed By: William Bowman · License #665647 Show Phone

Source: Kandorre

Added: Jul 18 Changed: Aug 27 Last Checked: Sep 5 at 10:48AM

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Investment Insights

Based on property information with market context.

This fully leased 5-unit apartment building is offered for sale. The unit mix consists of four 1-bedroom/1-bath apartments and one 2-bedroom/1-bath apartment. Each apartment is separately metered, with tenants responsible for their own electric.

Parking is available on the property for up to eight vehicles. The building owner pays water/sewer and trash.

The property is configured as residential income units with separate metering and tenant-paid electricity, supporting straightforward utility cost separation.

Key Highlights

• Fully leased 5‑unit building in Thurmont
• Total monthly income of $4,875
• Unit mix: four 1 bed/1 bath and one 2 bed/1 bath apartment

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Parking Lot & Garage HVAC Service Electrical Service Real Estate Agency Grocery & Convenience Store

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

Lease Details

5

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

358

Businesses Nearby

Explore this area Business Placement

Demographics for 21788, MD

11,491

Population

5,102

Households

2.3

Avg Household Size

44

Median Age

30%

College-Educated

91%

High-School Grad

65.4 sq mi

ZIP Area

176

Density / Sq Mi

$93,717

Median Household Income

$52,334

Median Earnings

$1,015

Median Rent

$342,700

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Five separately metered apartments offer on-site parking for up to eight vehicles.

Where is this apartment building located?

The property is located at 231 N Church St Thurmont, MD.

What is the asking price?

The asking price for this property is $519,999.

What are key features of this property?

This property features: Fully leased 5‑unit building in Thurmont; Total monthly income of $4,875; Unit mix: four 1 bed/1 bath and one 2 bed/1 bath apartment