4-Unit Multifamily
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 Market8
Property Features for 302 BUENA VISTA Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Dining Room, Family Room
Parking
8
Parking features
Off Street, Assigned, Driveway
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), Heat Pump (Heating), Baseboard, Central, Forced Air
Cooling system
Ductless, Ceiling Fan(s), Heat Pump, Multi Units
Amenities
pool
Building Details
Year built
1954
Number of units
4
Building materials
Asphalt, Combination, Mixed, Stucco, Vinyl Siding
Architectural style
Other
Buildings
2
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 23
Last Checked: Oct 24 at 5:06PM
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 Westminster multifamily property comprises two buildings with four residential units and 2,165 square feet of property size on a 0.2347-acre lot. The main house contains three units: two on the main level and one upstairs. Layouts include an efficiency apartment and units with bedrooms, eat-in kitchens, bathrooms, and living or family rooms; the upper unit also has a bonus room or office and walk-in storage.
The rear guest house holds the fourth unit, with a garage/workshop, family room, eat-in kitchen, and full bathroom on the main level, plus an upstairs bedroom and another full bathroom. The property also has a private pool. The roof is less than four years old, and the pool was installed one year ago.
The rear guest house holds the fourth unit, with a garage/workshop, family room, eat-in kitchen, and full bathroom on the main level, plus an upstairs bedroom and another full bathroom. The property also has a private pool. The roof is less than four years old, and the pool was installed one year ago.
Key Highlights
- Four residential units across two buildings
- 2,165 square feet of property size on a 0.2347‑acre lot
- Guest house includes a small garage/workshop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,136
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,720
$562.7K
Cap Rate 7%
$401,943
$401.9K
Cap Rate 9%
$312,622
$312.6K
Market Conditions
NOI Build-Up for 2,165 SF
Gross rent
$42.1K $19.44/SF
− Vacancy
−$1.9K −$0.87/SF
EGI
$40.2K $18.57/SF
− OpEx
−$12.1K −$5.57/SF
NOI
$28.1K $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 Rate 5%
$562,720
Cap Rate 7%
$401,943
Cap Rate 9%
$312,622
Alternative Uses
Best Use
Multifamily LT 5
$401.9K
$351.7K – $468.9K
NOI $28,136 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$347.2K
$303.8K – $405.1K
NOI $24,306 @ 7.0% cap · market cap 4.87%
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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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,969
Businesses Nearby
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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?
Quadplex - Two buildings include a guest house with a garage/workshop and a private pool.
Where is this quadplex 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 residential units across two buildings; 2,165 square feet of property size on a 0.2347‑acre lot; Guest house includes a small garage/workshop
