Remodeled Side-by-Side
New
For Sale
$375,000
505 B Street, Lavale, MD 21502
MULTI_FAMILY - Colonial - LAVALE, MD
Property Size1,868 SF
Lot Size0.38 Acres
Price / SF$200.75
Days on Market3
Property Features for 505 B Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
6
Parking features
Driveway
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
1,868 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Annual Amount
2300
Utilities
Heating system
Baseboard, Electric (Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1925
Floors in Building
2
Number of units
1
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
Perry Wellington Realty, LLC
(240) 979-4660
Listed By:
Roger A Brown · License #637900
(301) 707-9024
Added: Aug 6
Changed: Aug 7
Last Checked: Aug 8 at 1:06AM
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.
Investment Insights
Based on property information with market context.
This Colonial-style duplex contains 1,868 square feet across two attached residential units. The unit mix includes one three-bedroom, one-bath residence and one two-bedroom, one-and-a-half-bath residence. Improvements include newer roofing and vinyl siding, refreshed flooring and interior paint, remodeled kitchens and bathrooms, granite countertops, and stainless appliances.
The property occupies 0.3804 acres at 505 B Street in Lavale, Maryland. Each unit is supported by electric baseboard heating and window-unit cooling, with driveway parking available. The residences are currently rented; tenants pay utilities, while the landlord handles lawncare and trash service.
The property occupies 0.3804 acres at 505 B Street in Lavale, Maryland. Each unit is supported by electric baseboard heating and window-unit cooling, with driveway parking available. The residences are currently rented; tenants pay utilities, while the landlord handles lawncare and trash service.
Key Highlights
- Two‑unit Colonial duplex totaling 1,868 square feet
- Unit mix includes 3 bedrooms/1 full bath and 2 bedrooms/1.5 baths
- Updates include roofing, vinyl siding, flooring, paint, kitchens, and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,644
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 3.37%
Second Best
Apartment 5plus
$167.3K
$146.4K – $195.2K
NOI $11,712 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$692.8K
$606.2K – $808.2K
NOI $48,493 @ 7.0% cap · market cap 12.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
264
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature updated kitchens, baths, flooring, and paint.
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 $375,000.
What are key features of this property?
This property features: Two‑unit Colonial duplex totaling 1,868 square feet; Unit mix includes 3 bedrooms/1 full bath and 2 bedrooms/1.5 baths; Updates include roofing, vinyl siding, flooring, paint, kitchens, and bathrooms
