Updated Four-Home
New
For Sale
$950,000
Pending
4224 ROOP Rd, Mount Airy, MD 21771
Multi-unit property with four homes currently connected to one meter and potential for separate metering.
Days on Market3
Property Features for 4224 ROOP Rd
General Information
Standard status
Pending
Property subtype
Investment
Building Details
Building Size
4,870 SF
Year Built
1980
Listing Agency:
(443) 204-3460
Listed By:
Jake Northrop · License #668697
(443) 204-3460
Source:
Elliman
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 5:47PM
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 Jake Northrop
Investment Insights
Based on property information with market context.
This quadplex property includes four homes in one asset, offering a multi-unit configuration for residential occupancy or investment use. The homes are described as updated and move-in ready. All four are currently served by one meter, with the ability to separate them if desired.
Built in 1980, the property is located on Roop Road in Mount Airy, Maryland. The surrounding area is car-dependent, with a walk score of 0 and a bike score of 13, classified as somewhat bikeable.
Built in 1980, the property is located on Roop Road in Mount Airy, Maryland. The surrounding area is car-dependent, with a walk score of 0 and a bike score of 13, classified as somewhat bikeable.
Key Highlights
- Four homes in one quadplex property
- Updated and described as move‑in ready
- Currently served by one meter
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 | $108.1k | $22.20 |
| − Vacancy | −$5.1k | −$1.05 |
| EGI | $103.0k | $21.15 |
| − OpEx | −$30.9k | −$6.34 |
| NOI | $72.1k | $14.80 |
4,870 SF · lease $22.20/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$901.1K – $1.20M
NOI $72,085 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$946.6K
$828.3K – $1.10M
NOI $66,261 @ 7.0% cap · market cap 6.97%
Theoretical Best
Specialty Retail
$1.80M
$1.58M – $2.11M
NOI $126,320 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 21771, MD
30,697
Population
11,401
Households
2.7
Avg Household Size
43
Median Age
46%
College-Educated
95%
High-School Grad
89.5 sq mi
ZIP Area
343
Density / Sq Mi
$154,844
Median Household Income
$70,011
Median Earnings
$2,117
Median Rent
$532,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Multi-unit property with four homes currently connected to one meter and potential for separate metering.
Where is this quadplex located?
The property is located at 4224 ROOP Rd Mount Airy, MD.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four homes in one quadplex property; Updated and described as move‑in ready; Currently served by one meter
