Historic Triplex with
For Sale
$449,000
411 WASHINGTON ST, Cumberland, MD 21502
Late-1800s multifamily property with three apartments, separate electric meters, and additional basement space.
Property Size6,271 SF
Price / SF$71.60
Days on Market48
Property Features for 411 WASHINGTON ST
General Information
Standard status
Active
Size
6,271 SF
Total Parking Spaces
2
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
3
Building Details
Buildings
1
Listing Agency:
Mountainside Home Realty
(301) 722-0190
Listed By:
Allyson M. Litten · License #666909
(301) 268-7504
Source:
Towncentermd
Added: Aug 30
Changed: Oct 2
Last Checked: Oct 14 at 10:33PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,271-square-foot triplex occupies a late-1800s residence within the Washington Street Historic District. The first-floor apartment includes two bedrooms, two bathrooms, formal living and dining rooms, a kitchen connected to a family room, and basement access. The second level contains a two-bedroom, two-bath apartment, while the top-floor unit has one bedroom and one bathroom. The upper layout may be reconfigured into two one-bedroom apartments, and the basement offers space for future finishing or storage.
Two one-car garages are located in the basement. The property sits on a large lot with room for a yard and off-street parking, and each apartment has its own electric meter. Electric baseboard heat serves the units. The home is at 411 Washington Street in Cumberland, minutes from Downtown Cumberland and I-68.
Two one-car garages are located in the basement. The property sits on a large lot with room for a yard and off-street parking, and each apartment has its own electric meter. Electric baseboard heat serves the units. The home is at 411 Washington Street in Cumberland, minutes from Downtown Cumberland and I-68.
Key Highlights
- 6,271‑square‑foot triplex at 411 Washington Street, Cumberland, MD 21502
- Three apartments: 2BR/2BA, 2BR/2BA, and 1BR/1BA
- Second‑floor layout could be converted into two separate 1BR apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,319
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$786,380
$786.4K
Cap Rate 7%
$561,700
$561.7K
Cap Rate 9%
$436,878
$436.9K
Market Conditions
NOI Build-Up for 6,271 SF
Gross rent
$75.3K $12.00/SF
− Vacancy
−$3.8K −$0.60/SF
EGI
$71.5K $11.40/SF
− OpEx
−$32.2K −$5.13/SF
NOI
$39.3K $6.27/SF
Area
Allegany County, MD
Vacancy
5.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$786,380
Cap Rate 7%
$561,700
Cap Rate 9%
$436,878
Alternative Uses
Best Use
Multifamily LT 5
$606.4K
$530.6K – $707.5K
NOI $42,447 @ 7.0% cap · market cap 9.45%
Second Best
Apartment 5plus
$561.7K
$491.5K – $655.3K
NOI $39,319 @ 7.0% cap · market cap 8.76%
Theoretical Best
Office A
$2.33M
$2.03M – $2.71M
NOI $162,793 @ 7.0% cap · market cap 36.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
981
Businesses Nearby
Explore this area
Business Placement
Demographics for 21502, MD
41,153
Population
19,562
Households
2.1
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
92.1 sq mi
ZIP Area
447
Density / Sq Mi
$58,721
Median Household Income
$39,507
Median Earnings
$771
Median Rent
$151,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Late-1800s multifamily property with three apartments, separate electric meters, and additional basement space.
Where is this triplex located?
The property is located at 411 WASHINGTON ST Cumberland, MD.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 6,271‑square‑foot triplex at 411 Washington Street, Cumberland, MD 21502; Three apartments: 2BR/2BA, 2BR/2BA, and 1BR/1BA; Second‑floor layout could be converted into two separate 1BR apartments
