4-Unit Multifamily
New
For Sale
$499,000
302 BUENA VISTA Drive, Westminster, MD 21157
Multi-Family, WESTMINSTER, MD
Property Size2,165 SF
Lot Size0.23 Acres
Price / SF$230.48
Days on Market4
Property Features for 302 BUENA VISTA Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Family Room, Dining Room
Parking
8
Parking features
Assigned, Driveway, Off Street
Pool private
1
Interior features
2nd Kitchen, Bathroom - Stall Shower, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Breakfast Area, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Kitchen - Country, Kitchen - Eat-In, Kitchen - Efficiency, Kitchen - Table Space, Kitchenette, Pantry, Walk-in Closet(s), Wood Floors
Appliances
Built-In Range, Extra Refrigerator/Freezer, Oven - Single, Oven/Range - Electric, Refrigerator, Stove, WaterHeater
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
2,165 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
4419
Utilities
Heating system
Hot Water(Heating), Baseboard, Central, Heat Pump (Heating), Forced Air
Cooling system
Heat Pump, Multi Units, Ceiling Fan(s), Ductless
Amenities
pool
Building Details
Year built
1954
Number of units
4
Building materials
Asphalt, Combination, Mixed, Stucco, Vinyl Siding
Architectural style
Other
Listing Agency:
RE/MAX Realty Centre, Inc. · RE/MAX International
(301) 591-3920
Listed By:
Molly Love · License #652519
(301) 774-5900
Added: Oct 17
Changed: Oct 19
Last Checked: Oct 20 at 2:06AM
MLS# MDCR2038422
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.
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Investment Insights
Based on property information with market context.
This 2,165-square-foot multifamily property contains four units across two buildings on a 0.2347-acre lot. The main house has three units: two on the main level and one upstairs. The ground-floor spaces include a two-bedroom unit and an efficiency apartment; the upper unit has two bedrooms, a bonus room/office, and a family room. A separate guest house provides the fourth unit, with a garage/workshop, a large family room and kitchen on the main level, and a bedroom upstairs. The property was built in 1954 and includes a private pool installed one year ago. The roof is less than four years old.
Located at 302 Buena Vista Drive in Westminster, Maryland, the property also features eat-in kitchens, walk-in storage, and off-street parking.
Located at 302 Buena Vista Drive in Westminster, Maryland, the property also features eat-in kitchens, walk-in storage, and off-street parking.
Key Highlights
- Four units distributed between two buildings
- 2,165 square feet on a 0.2347‑acre lot
- Main house contains three units; separate guest house contains the fourth
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,306
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,120
$486.1K
Cap Rate 7%
$347,229
$347.2K
Cap Rate 9%
$270,067
$270.1K
Market Conditions
NOI Build-Up for 2,165 SF
Gross rent
$46.8K $21.60/SF
− Vacancy
−$2.6K −$1.19/SF
EGI
$44.2K $20.41/SF
− OpEx
−$19.9K −$9.19/SF
NOI
$24.3K $11.23/SF
Area
Carroll County, MD
Vacancy
5.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,120
Cap Rate 7%
$347,229
Cap Rate 9%
$270,067
Alternative Uses
Best Use
Apartment 5plus
$347.2K
$303.8K – $405.1K
NOI $24,306 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$802.9K
$702.5K – $936.7K
NOI $56,203 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,969
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two buildings offer four separate living spaces, including a detached guest house with a garage/workshop.
Where is this multifamily property located?
The property is located at 302 BUENA VISTA Drive Westminster, MD.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Four units distributed between two buildings; 2,165 square feet on a 0.2347‑acre lot; Main house contains three units; separate guest house contains the fourth
