Historic Triplex with
411 Washington Street Cumberland, MD 21502
411 Washington Street, Cumberland, MD, 21502
$510,000
For Sale
$510,000
Circa late-1800s triplex includes separate electric meters, electric baseboard heat, and basement with two one-car garages.
Property Size6,271 SF
Price / SF$81.33
Days on Market15
Property Features for 411 Washington Street
General Information
- Standard status
- Active
- Size
- 6,271 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
Mountainside Home Realty
(301) 268-7504
Listed by
Allyson M. Litten · License #WVB210300750
(301) 268-7504
Source
Compass
Added: Jul 8 Updated: Jul 22 at 3:49AM Checked: Jul 22 at 3:49AM
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 Mountainside Home Realty
Investment Insights
Based on property information with market context.
Circa late-1800s multi-family property offers three apartments with separate electric meters and electric baseboard heat. The main-level unit features formal living and dining rooms, two bedrooms, two bathrooms, and a spacious kitchen open to the family room, with access to the basement. The second-floor apartment is an oversized two-bedroom, two-bath unit that could be converted back into two separate one-bedroom apartments. The third-floor unit includes one bedroom and one bathroom. The basement includes potential for additional finished space or storage and contains two one-car garages.
The property sits in the Washington Street Historic District in city limits. It is located on a large lot with room for a yard and off-street parking, and it is described as minutes from Downtown Cumberland and I-68.
Each unit is independently metered for electricity, supporting separate utility management across the three residences.
The property sits in the Washington Street Historic District in city limits. It is located on a large lot with room for a yard and off-street parking, and it is described as minutes from Downtown Cumberland and I-68.
Each unit is independently metered for electricity, supporting separate utility management across the three residences.
Key Highlights
- Circa late‑1800s triplex in the Washington Street Historic District with sweeping views of historic homes.
- Separate electric meters for each unit; heated by electric baseboard heat.
- Main‑level apartment: formal living and dining rooms, 2 bedrooms, 2 bathrooms, spacious kitchen open to family room, basement access.
Local 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 | $64.0k | $10.20 |
| − Vacancy | −$3.3k | −$0.53 |
| EGI | $60.6k | $9.67 |
| − OpEx | −$18.2k | −$2.90 |
| NOI | $42.4k | $6.77 |
6,271 SF · lease $10.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$606.4K
$530.6K – $707.5K
NOI $42,447 @ 7.0% cap · market cap 8.32%
Second Best
Apartment 5plus
$561.7K
$491.5K – $655.3K
NOI $39,319 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$2.33M
$2.03M – $2.71M
NOI $162,793 @ 7.0% cap · market cap 31.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Circa late-1800s triplex includes separate electric meters, electric baseboard heat, and basement with two one-car garages.
Where is this triplex located?
The property is located at 411 Washington Street Cumberland, MD.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Circa late‑1800s triplex in the Washington Street Historic District with sweeping views of historic homes.; Separate electric meters for each unit; heated by electric baseboard heat.; Main‑level apartment: formal living and dining rooms, 2 bedrooms, 2 bathrooms, spacious kitchen open to family room, basement access.
