Four-Unit Multifamily
3108 UPSHUR Street Mount Rainier, MD 20712
New
For Sale
$729,000
MULTI_FAMILY - Victorian - MOUNT RAINIER, MD
Property Size2,430 SF
Lot Size0.15 Acres
Price / SF$300
Days on Market2
Property Features for 3108 UPSHUR Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
2
Parking features
Garage - Detached, On Street, Driveway
Fireplace
1
Standard status
Active
Size
2,430 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
13769
Utilities
Heating system
Other (Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1913
Number of units
1
Building materials
Frame
Architectural style
Victorian
Listing Agency:
Samson Properties
(240) 630-8689
Listed By:
Lily Y. Chang · License #612051
(240) 938-6614
Added: Jul 29
Last Checked: Jul 30 at 4:06AM
MLS# MDPG2212194
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.
This four-unit multifamily property is offered in Mount Rainier, MD and features one 2-bedroom apartment, two 1-bedroom apartments, and one studio apartment. The building includes inviting front and rear porches, a private backyard, and shared laundry. A detached two-car garage and a separate workshop/storage building are also on site.
The property has undergone numerous capital improvements, including a new boiler, new water heater, updated roof, replacement windows, an upgraded electrical system, fresh exterior paint, select interior updates, and new luxury vinyl plank flooring in Unit 1.
Current occupancy includes three tenants on leases of one year or less and one month-to-month tenant. The property is described as generating approximately $64,800 in annual gross scheduled rental income, including seasonal utility reimbursement.
The property has undergone numerous capital improvements, including a new boiler, new water heater, updated roof, replacement windows, an upgraded electrical system, fresh exterior paint, select interior updates, and new luxury vinyl plank flooring in Unit 1.
Current occupancy includes three tenants on leases of one year or less and one month-to-month tenant. The property is described as generating approximately $64,800 in annual gross scheduled rental income, including seasonal utility reimbursement.
Key Highlights
- Four‑unit multifamily building built in 1913 with Victorian architecture and frame construction
- Annual gross scheduled rental income of approximately $64,800, including seasonal utility reimbursement
- Unit mix: one 2‑bedroom, two 1‑bedroom, and one studio; includes three tenants on under one‑year leases plus one month‑to‑month tenant
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 | $53.9k | $22.20 |
| − Vacancy | −$3.5k | −$1.44 |
| EGI | $50.4k | $20.76 |
| − OpEx | −$15.1k | −$6.23 |
| NOI | $35.3k | $14.53 |
2,430 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$504.4K
$441.4K – $588.5K
NOI $35,308 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$467.3K
$408.9K – $545.2K
NOI $32,714 @ 7.0% cap · market cap 4.49%
Theoretical Best
Specialty Retail
$783.9K
$685.9K – $914.6K
NOI $54,874 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily building with unit mix of studio, one-, and two-bedroom apartments plus shared laundry and detached garage.
Where is this quadplex located?
The property is located at 3108 UPSHUR Street Mount Rainier, MD.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Four‑unit multifamily building built in 1913 with Victorian architecture and frame construction; Annual gross scheduled rental income of approximately $64,800, including seasonal utility reimbursement; Unit mix: one 2‑bedroom, two 1‑bedroom, and one studio; includes three tenants on under one‑year leases plus one month‑to‑month tenant
