Leased Duplex with Detached
401 W POTOMAC STREET, Brunswick, MD 21716
For Sale
$349,000
Fully leased duplex with tenant-paid utilities, a detached garage, and a substantial yard.
Property Size2,118 SF
Price / SF$164.78
Days on Market93
Property Features for 401 W POTOMAC STREET
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
REMAX Platinum Realty
(240) 497-0408
Listed By:
Jason Wade · License #679310
(202) 409-6788
Source:
Cummingsrealtors
Added: Aug 8
Changed: Nov 6
Last Checked: Nov 6 at 9:18AM
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 REMAX Platinum Realty
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Investment Insights
Based on property information with market context.
This duplex contains two 2-bedroom, 1-bath residences totaling 2,118 square feet. Both units are occupied, and each tenant pays their own utilities. The property was built in 1925 and has received ongoing maintenance and updates. A detached garage adds substantial storage or workshop capacity, while the yard provides additional outdoor space for residents.
Located at 401 W Potomac Street in Brunswick, the property is near the MARC commuter rail, local parks, shopping, restaurants, the C&O Canal, the Potomac River, and historic Harpers Ferry. Its established residential configuration and current occupancy provide a straightforward income-property profile for an investor seeking a duplex with separate utility responsibility.
Located at 401 W Potomac Street in Brunswick, the property is near the MARC commuter rail, local parks, shopping, restaurants, the C&O Canal, the Potomac River, and historic Harpers Ferry. Its established residential configuration and current occupancy provide a straightforward income-property profile for an investor seeking a duplex with separate utility responsibility.
Key Highlights
- Two 2‑bedroom, 1‑bath units totaling 2,118 square feet
- Both units are occupied and fully leased
- Tenants pay their own utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,350
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,000
$627.0K
Cap Rate 7%
$447,857
$447.9K
Cap Rate 9%
$348,333
$348.3K
Market Conditions
NOI Build-Up for 2,118 SF
Gross rent
$47.0K $22.20/SF
− Vacancy
−$2.2K −$1.05/SF
EGI
$44.8K $21.15/SF
− OpEx
−$13.4K −$6.34/SF
NOI
$31.4K $14.80/SF
Area
Frederick County, MD
Vacancy
4.75%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,000
Cap Rate 7%
$447,857
Cap Rate 9%
$348,333
Alternative Uses
Best Use
Multifamily LT 5
$447.9K
$391.9K – $522.5K
NOI $31,350 @ 7.0% cap · market cap 8.98%
Second Best
Apartment 5plus
$411.7K
$360.2K – $480.3K
NOI $28,817 @ 7.0% cap · market cap 8.26%
Theoretical Best
Specialty Retail
$784.8K
$686.7K – $915.6K
NOI $54,937 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
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Business Placement
Demographics for 21716, MD
6,753
Population
2,849
Households
2.4
Avg Household Size
38
Median Age
34%
College-Educated
93%
High-School Grad
2.7 sq mi
ZIP Area
2,501
Density / Sq Mi
$107,188
Median Household Income
$60,667
Median Earnings
$1,097
Median Rent
$335,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully leased duplex with tenant-paid utilities, a detached garage, and a substantial yard.
Where is this duplex located?
The property is located at 401 W POTOMAC STREET Brunswick, MD.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units totaling 2,118 square feet; Both units are occupied and fully leased; Tenants pay their own utilities
