Two-Unit Duplex with Detached
New
For Sale
$250,000
30 BOND Street, Westminster, MD 21157
Multi-Family, WESTMINSTER, MD
Property Size1,290 SF
Lot Size0.11 Acres
Price / SF$193.80
Days on Market1
Property Features for 30 BOND Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
2
Parking features
On Street, Off Street, Garage - Detached
Subdivision
BELLE GROVE SQUARE
Elementary school district
CARROLL COUNTY PUBLIC SCHOOLS
Middle school district
CARROLL COUNTY PUBLIC SCHOOLS
High school district
CARROLL COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
1,290 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
3541
Utilities
Heating system
Hot Water(Heating), Other (Heating)
Building Details
Year built
1900
Number of units
2
Building materials
Aluminum Siding, Metal Siding, Vinyl Siding
Architectural style
Colonial
Listing Agency:
RE/MAX Solutions · RE/MAX International
(410) 871-4300
Listed By:
Ivy K Gifford · License #534353
(443) 398-4599
Added: Sep 26
Last Checked: Sep 26 at 9:06PM
MLS# MDCR2037936
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1900, this 1,290-square-foot duplex is arranged as two apartments. The main-floor unit has been used as a two-bedroom apartment, with a kitchen, full bath, living area, original wood flooring, and access to the basement and rear yard. Upstairs, a private-entry apartment includes a kitchen, sitting and living area, one bedroom, and a full bath. A detached two-car garage provides additional enclosed space. The property occupies a 0.1136-acre lot and is being sold in its current condition.
The building is across the street from Belle Grove Square in Westminster. Parking features include the detached garage, off-street parking, and on-street parking.
The building is across the street from Belle Grove Square in Westminster. Parking features include the detached garage, off-street parking, and on-street parking.
Key Highlights
- Two apartments: a two‑bedroom main‑floor unit and a one‑bedroom upper‑level unit
- 1,290 square feet on a 0.1136‑acre lot
- Detached two‑car garage, plus off‑street and on‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,764
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$335,280
$335.3K
Cap Rate 7%
$239,486
$239.5K
Cap Rate 9%
$186,267
$186.3K
Market Conditions
NOI Build-Up for 1,290 SF
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.
Gross rent
$25.1K $19.44/SF
− Vacancy
−$1.1K −$0.87/SF
EGI
$23.9K $18.57/SF
− OpEx
−$7.2K −$5.57/SF
NOI
$16.8K $13.00/SF
Area
Carroll County, MD
Vacancy
4.50%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$335,280
Cap Rate 7%
$239,486
Cap Rate 9%
$186,267
Alternative Uses
Best Use
Multifamily LT 5
$239.5K
$209.6K – $279.4K
NOI $16,764 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$206.9K
$181.0K – $241.4K
NOI $14,482 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$478.4K
$418.6K – $558.1K
NOI $33,488 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,373
Businesses Nearby
Explore this area
Business Placement
Demographics for 21157, MD
38,584
Population
15,466
Households
2.5
Avg Household Size
42
Median Age
37%
College-Educated
93%
High-School Grad
77.7 sq mi
ZIP Area
497
Density / Sq Mi
$102,835
Median Household Income
$50,254
Median Earnings
$1,236
Median Rent
$394,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Two apartment units occupy the main and upper floors, with a detached garage at the rear.
Where is this duplex located?
The property is located at 30 BOND Street Westminster, MD.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two apartments: a two‑bedroom main‑floor unit and a one‑bedroom upper‑level unit; 1,290 square feet on a 0.1136‑acre lot; Detached two‑car garage, plus off‑street and on‑street parking
