Remodeled Side-by-Side
For Sale
$375,000
505 B STREET, Lavale, MD 21502
Income-producing duplex with updated interiors, separate unit layouts, and tenant-paid utilities.
Property Size1,868 SF
Price / SF$200.75
Days on Market10
Property Features for 505 B STREET
General Information
Standard status
Active
Size
1,868 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Gross Income
$32,400
Building Details
Year Built
1925
Listing Agency:
Perry Wellington Realty, LLC
(301) 707-9024
Listed By:
Roger A Brown · License #637900
(301) 707-9024
Source:
Cummingsrealtors
Added: Aug 3
Changed: Aug 11
Last Checked: Aug 11 at 5:46AM
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 Perry Wellington Realty, LLC
Investment Insights
Based on property information with market context.
This side-by-side duplex contains two distinct residential units: one with 3 bedrooms and 1 full bath, and the other with 2 bedrooms and 1.5 baths. The property offers 1,868 square feet and was built in 1925, with remodeling that includes roofing, siding, flooring, paint, kitchens, bathrooms, granite countertops, and stainless appliances.
Both units are currently rented, with tenants responsible for utilities. Landlord-paid services include lawn care and trash collection. The property is located at 505 B Street in Lavale, Maryland, providing a compact multifamily configuration with established rental occupancy.
Both units are currently rented, with tenants responsible for utilities. Landlord-paid services include lawn care and trash collection. The property is located at 505 B Street in Lavale, Maryland, providing a compact multifamily configuration with established rental occupancy.
Key Highlights
- Side‑by‑side duplex with 3‑bedroom and 2‑bedroom units
- 1,868 square feet on a 0.5?
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 - Income-producing duplex with updated interiors, separate unit layouts, and tenant-paid utilities.
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: Side‑by‑side duplex with 3‑bedroom and 2‑bedroom units; 1,868 square feet on a 0.5?
