Duplex with Off-Street
New
For Sale
$249,000
445 N MECHANIC Street N, Cumberland, MD 21502
Multi-Family, CUMBERLAND, MD
Property Size2,060 SF
Lot Size0.05 Acres
Price / SF$120.87
Days on Market1
Property Features for 445 N MECHANIC Street N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
Parking Lot, Off Street, Driveway
Appliances
Dryer - Electric, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer
Subdivision
NONE AVAILABLE
Elementary school district
ALLEGANY COUNTY PUBLIC SCHOOLS
Middle school district
ALLEGANY COUNTY PUBLIC SCHOOLS
High school district
ALLEGANY COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
2,060 SF
Lot size
0.05 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity, water
Taxes and HOA fees
Tax Annual Amount
2247
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1910
Number of units
2
Building materials
Brick Veneer
Architectural style
Other
Buildings
1
Listing Agency:
Samson Properties
(703) 378-8810
Listed By:
Dustin Summers · License #5024191
(912) 243-1060
Added: Oct 24
Last Checked: Oct 24 at 5:06PM
MLS# MDAL2015734
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,060-square-foot duplex was built in 1910 and has brick veneer construction, forced-air heating, window-unit cooling, and a basement. The two units have separate electric and water meters; gas costs are divided between them. Appliances include a washer, electric dryer, electric range, and refrigerator.
The property includes an adjacent gravel lot conveyed by separate deed, with off-street parking. The duplex has long-term occupants, and property management is established. The parcel is listed at 0.0485 acres.
The property includes an adjacent gravel lot conveyed by separate deed, with off-street parking. The duplex has long-term occupants, and property management is established. The parcel is listed at 0.0485 acres.
Key Highlights
- Two‑unit duplex with 2,060 square feet of building area
- Adjacent gravel lot conveys on a separate deed and provides off‑street parking
- Separate electric and water meters; gas expense is shared between units
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.
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - An additional gravel lot, conveyed separately, provides parking alongside the two-unit residential property.
Where is this duplex located?
The property is located at 445 N MECHANIC Street N 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 of building area; Adjacent gravel lot conveys on a separate deed and provides off‑street parking; Separate electric and water meters; gas expense is shared between units
