Building Details

Year Built 1925

Buildings 1

Tenancy Multi

Listing Agency: REMAX Platinum Realty w***@gmail.com Show Phone

Listed By: Jason Wade · License #679310 Show Phone

Source: Cummingsrealtors

Added: Aug 5 Changed: Aug 9 Last Checked: Aug 9 at 8:59AM

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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.

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 = 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

$31,350

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

8.36%

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%

$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 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

$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 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%

$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 (±1% cap)

NOI $31,350 @ 7.0% cap · market cap 8.36%

Second Best

Apartment 5plus

$411.7K

$360.2K – $480.3K (±1% cap)

NOI $28,817 @ 7.0% cap · market cap 7.68%

Theoretical Best

Specialty Retail

$784.8K

$686.7K – $915.6K (±1% cap)

NOI $54,937 @ 7.0% cap · market cap 14.65%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Hair Salon Spa & Massage Center Nail Salon HVAC Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

83

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties ... What are key features of this property?

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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 $375,000.

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