Two-Unit Duplex with Parking
For Sale
$249,000
445 N Mechanic St, Cumberland, MD 21502
Separate electric and water meters serve the units, with gas costs divided between them.
Property Size2,060 SF
Price / SF$120.87
Days on Market8
Property Features for 445 N Mechanic St
General Information
Standard status
Active
Size
2,060 SF
Property subtype
Residential Income
Financials
Asking Price
$249,000
Gross Income
$22,500
Units
Multifamily Units
2
Individually Metered Utilities
electric, water
Additional Details
Utilities to Site
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,247
Listing Agency:
Samson Properties
(703) 378-8810
Listed By:
Dustin Summers · License #5024191
(912) 243-1060
Source:
Exprealty
Added: Oct 24
Changed: Oct 26
Last Checked: Oct 30 at 4:31PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This two-unit duplex in Cumberland contains 2,060 square feet and has separate electric and water meters. Gas costs are shared between the units. Long-term tenants occupy the property, and established property management is in place.
The sale also includes an adjacent gravel lot conveyed by separate deed, providing off-street parking. The property is located at 445 N Mechanic St in Cumberland, Maryland.
The sale also includes an adjacent gravel lot conveyed by separate deed, providing off-street parking. The property is located at 445 N Mechanic St in Cumberland, Maryland.
Key Highlights
- Two‑unit duplex with 2,060 square feet
- Adjacent gravel lot included on a separate deed
- Off‑street parking on the gravel lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,944
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,880
$278.9K
Cap Rate 7%
$199,200
$199.2K
Cap Rate 9%
$154,933
$154.9K
Market Conditions
NOI Build-Up for 2,060 SF
Gross rent
$21.0K $10.20/SF
− Vacancy
−$1.1K −$0.53/SF
EGI
$19.9K $9.67/SF
− OpEx
−$6.0K −$2.90/SF
NOI
$13.9K $6.77/SF
Area
Allegany County, MD
Vacancy
5.20%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,880
Cap Rate 7%
$199,200
Cap Rate 9%
$154,933
Alternative Uses
Best Use
Multifamily LT 5
$199.2K
$174.3K – $232.4K
NOI $13,944 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$184.5K
$161.5K – $215.3K
NOI $12,916 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$764.0K
$668.5K – $891.3K
NOI $53,477 @ 7.0% cap · market cap 21.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,284
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate electric and water meters serve the units, with gas costs divided between them.
Where is this duplex located?
The property is located at 445 N Mechanic St Cumberland, MD.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,060 square feet; Adjacent gravel lot included on a separate deed; Off‑street parking on the gravel lot
