Income-Producing Duplex with
268 East Main Street Frostburg, MD 21532
268 East Main Street, Frostburg, MD, 21532
$139,000
Pending
For Sale
$139,000
Pending
Duplex offers two two-bedroom, one-bath units, each with stove and refrigerator, plus off-street parking and a full unfinished basement.
Property Size1,600 SF
Days on Market82
Property Features for 268 East Main Street
General Information
- Standard status
- Pending
- Size
- 1,600 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing agency
EXP Realty, LLC
(301) 697-1442
Listed by
Pamela A Terry · License #523439
(301) 697-1442
Source
Compass
Added: May 2 Updated: Jul 21 at 7:00AM Checked: Jul 22 at 8:38AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This income-producing duplex includes two separate units, each featuring 2 bedrooms and 1 full bathroom. Both units have a stove and refrigerator. Heating is provided by a combination of natural gas radiator heat and electric baseboard heating. The property also includes a full unfinished basement with a stone foundation, offering storage and utility access, along with off-street parking and a driveway for tenant convenience.
The property is located in city limits in Allegany County, Maryland. It is positioned near everyday amenities including food, shopping, and medical facilities.
For showings, the listing requires 24-hour notice.
The property is located in city limits in Allegany County, Maryland. It is positioned near everyday amenities including food, shopping, and medical facilities.
For showings, the listing requires 24-hour notice.
Key Highlights
- Income‑producing duplex with 2 units; each unit has 2 bedrooms and 1 full bath.
- Both units are currently rented at $900 per month each.
- Each unit includes a stove and refrigerator; tenants pay their own electric.
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 | $16.3k | $10.20 |
| − Vacancy | −$849 | −$0.53 |
| EGI | $15.5k | $9.67 |
| − OpEx | −$4.6k | −$2.90 |
| NOI | $10.8k | $6.77 |
1,600 SF · lease $10.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$154.7K
$135.4K – $180.5K
NOI $10,830 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$143.3K
$125.4K – $167.2K
NOI $10,032 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$593.4K
$519.2K – $692.3K
NOI $41,535 @ 7.0% cap · market cap 29.88%
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 offers two two-bedroom, one-bath units, each with stove and refrigerator, plus off-street parking and a full unfinished basement.
Where is this duplex located?
The property is located at 268 East Main Street Frostburg, MD.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Income‑producing duplex with 2 units; each unit has 2 bedrooms and 1 full bath.; Both units are currently rented at $900 per month each.; Each unit includes a stove and refrigerator; tenants pay their own electric.
