Updated Triplex with Three
446-448 GOETHE ST, Cumberland, MD 21502
For Sale
$204,000
Separately metered residences feature updated kitchens, bathrooms, and flooring throughout.
Property Size1,984 SF
Price / SF$102.82
Days on Market49
Property Features for 446-448 GOETHE ST
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(301) 745-1620
Listed By:
Joshua L Woods · License #625976
(240) 469-8172
Source:
Graves
Added: Sep 20
Changed: Oct 25
Last Checked: Nov 6 at 8:58AM
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 Berkshire Hathaway HomeServices Homesale 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 1,984-square-foot triplex contains one two-bedroom residence and two one-bedroom residences. Interior improvements include updated flooring throughout the units, refreshed kitchens with modern countertops, and bathrooms with updated showers and vanities. The property is configured for three separate residences, with individual meters supporting each unit.
Located in Cumberland, the property is minutes from shopping, restaurants, and major highways. All three electrical panels have been updated, adding a notable systems improvement to the building. The unit mix and interior updates provide a clear multifamily configuration for an owner seeking multiple residences within one property.
Located in Cumberland, the property is minutes from shopping, restaurants, and major highways. All three electrical panels have been updated, adding a notable systems improvement to the building. The unit mix and interior updates provide a clear multifamily configuration for an owner seeking multiple residences within one property.
Key Highlights
- 1,984‑square‑foot triplex with one 2‑bedroom unit and two 1‑bedroom units
- Three separate meters serve the individual residences
- All 3 electrical panels have been updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,429
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,580
$268.6K
Cap Rate 7%
$191,843
$191.8K
Cap Rate 9%
$149,211
$149.2K
Market Conditions
NOI Build-Up for 1,984 SF
Gross rent
$20.2K $10.20/SF
− Vacancy
−$1.1K −$0.53/SF
EGI
$19.2K $9.67/SF
− OpEx
−$5.8K −$2.90/SF
NOI
$13.4K $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%
$268,580
Cap Rate 7%
$191,843
Cap Rate 9%
$149,211
Alternative Uses
Best Use
Multifamily LT 5
$191.8K
$167.9K – $223.8K
NOI $13,429 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$177.7K
$155.5K – $207.3K
NOI $12,440 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$735.8K
$643.8K – $858.4K
NOI $51,504 @ 7.0% cap · market cap 25.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
989
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Separately metered residences feature updated kitchens, bathrooms, and flooring throughout.
Where is this triplex located?
The property is located at 446-448 GOETHE ST Cumberland, MD.
What is the asking price?
The asking price for this property is $204,000.
What are key features of this property?
This property features: 1,984‑square‑foot triplex with one 2‑bedroom unit and two 1‑bedroom units; Three separate meters serve the individual residences; All 3 electrical panels have been updated
