Remodeled Side-by-Side
505 B Street, Lavale, MD 21502
For Sale
$299,900
Multi-Family, LAVALE, MD
Property Size1,868 SF
Lot Size0.38 Acres
Price / SF$160.55
Days on Market95
Property Features for 505 B Street
General Information
Property type
Property subtype
Rooms
Parking
Parking features
Interior features
Appliances
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
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Building Details
Year built
Floors in Building
Number of units
Building materials
Architectural style
Listing Agency:
Perry Wellington Realty, LLC
(240) 979-4660
Listed By:
Roger A Brown · License #637900
(301) 707-9024
Added: Aug 6
Changed: Oct 27
Last Checked: Nov 8 at 7:06AM
MLS# MDAL2015532
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 side-by-side duplex provides 1,868 square feet across two residential units on a 0.3804-acre lot. One unit has 3 bedrooms and 1 full bath; the other includes 2 bedrooms and 1.5 baths. Both sides have received updates to the roofing, siding, flooring, paint, kitchens, and bathrooms, including granite countertops and stainless steel appliances.
The property is currently rented, with tenants paying utilities. Landlord responsibilities include lawn care and trash service. Additional features include electric baseboard heat, window-unit cooling, vinyl siding, driveway parking, attic space, and an additional stairway. Built in 1925, the property has Colonial architectural styling and is located in LaVale, Maryland.
The property is currently rented, with tenants paying utilities. Landlord responsibilities include lawn care and trash service. Additional features include electric baseboard heat, window-unit cooling, vinyl siding, driveway parking, attic space, and an additional stairway. Built in 1925, the property has Colonial architectural styling and is located in LaVale, Maryland.
Key Highlights
- Side‑by‑side duplex with 1,868 square feet on 0.3804 acres
- Unit mix includes 3 bedrooms/1 full bath and 2 bedrooms/1.5 baths
- Updates include roofing, siding, flooring, paint, kitchens, and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,644
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,880
$252.9K
Cap Rate 7%
$180,629
$180.6K
Cap Rate 9%
$140,489
$140.5K
Market Conditions
NOI Build-Up for 1,868 SF
Gross rent
$19.1K $10.20/SF
− Vacancy
−$991 −$0.53/SF
EGI
$18.1K $9.67/SF
− OpEx
−$5.4K −$2.90/SF
NOI
$12.6K $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%
$252,880
Cap Rate 7%
$180,629
Cap Rate 9%
$140,489
Alternative Uses
Best Use
Multifamily LT 5
$180.6K
$158.1K – $210.7K
NOI $12,644 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$167.3K
$146.4K – $195.2K
NOI $11,712 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$692.8K
$606.2K – $808.2K
NOI $48,493 @ 7.0% cap · market cap 16.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
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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
$151,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Allegany County, MD
Properties on Market for Duplexes in Allegany County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature updated kitchens, baths, flooring, paint, roofing, siding, granite counters, and stainless appliances.
Where is this duplex located?
The property is located at 505 B Street Lavale, MD.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Side‑by‑side duplex with 1,868 square feet on 0.3804 acres; Unit mix includes 3 bedrooms/1 full bath and 2 bedrooms/1.5 baths; Updates include roofing, siding, flooring, paint, kitchens, and bathrooms
