Three-Unit Residential
For Sale
$379,500
96 E MAIN Street, Westminster, MD 21157
Multi-Family, WESTMINSTER, MD
Property Size2,302 SF
Lot Size0.20 Acres
Price / SF$164.86
Days on Market10
Property Features for 96 E MAIN Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Dining Room, Basement
Parking
2
Parking features
On Street, Off Street
Interior features
Attic, Bathroom - Tub Shower, Breakfast Area, Butlers Pantry, Carpet, Ceiling Fan(s), Dining Area, Entry Level Bedroom, Kitchen - Country, Walk-in Closet(s)
Fireplace
1
Appliances
Built-In Microwave, Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Washer, WaterHeater
Subdivision
DOWNTOWN WESTMINSTER
Elementary school
CRANBERRY STATION
Middle school
EAST
High school
WINTERS MILL
Elementary school district
CARROLL COUNTY PUBLIC SCHOOLS
Middle school district
CARROLL COUNTY PUBLIC SCHOOLS
High school district
CARROLL COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
2,302 SF
Lot size
0.20 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
4990
Utilities
Heating system
Baseboard, Electric (Heating), Other (Heating), Zoned
Cooling system
Window Unit(s), Ductless, Ceiling Fan(s)
Amenities
in unit laundry
private rear yard
Building Details
Year built
1850
Number of units
3
Building materials
Brick, Wood Siding
Architectural style
Colonial
Listing Agency:
RE/MAX Advantage Realty · RE/MAX International
(410) 549-3500
Listed By:
Mark C Ruby · License #620265
(410) 259-0619
Added: Oct 15
Changed: Oct 23
Last Checked: Oct 24 at 7:06PM
MLS# MDCR2038286
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.
At 96 E Main Street in Westminster, this 2,302-square-foot triplex contains three apartments: one with two bedrooms and two with one bedroom each. The two-bedroom residence was remodeled in 2017 and has a living room, updated kitchen, and ductless HVAC. Each one-bedroom apartment includes a living area and in-unit laundry; these units are described as dated but maintained. The property was built in 1850 and sits on a 0.2-acre lot.
All three apartments are leased. Exterior features include a private rear yard, a parking pad for two cars, a barn, and storage sheds. The property is being sold as-is, including the barn and sheds. Downtown Westminster restaurants and shopping are nearby.
All three apartments are leased. Exterior features include a private rear yard, a parking pad for two cars, a barn, and storage sheds. The property is being sold as-is, including the barn and sheds. Downtown Westminster restaurants and shopping are nearby.
Key Highlights
- Three apartments: one two‑bedroom unit and two one‑bedroom units
- 2,302 square feet on a 0.2‑acre lot
- Upper apartment remodeled in 2017 with ductless HVAC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,916
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,320
$598.3K
Cap Rate 7%
$427,371
$427.4K
Cap Rate 9%
$332,400
$332.4K
Market Conditions
NOI Build-Up for 2,302 SF
Gross rent
$44.8K $19.44/SF
− Vacancy
−$2.0K −$0.87/SF
EGI
$42.7K $18.57/SF
− OpEx
−$12.8K −$5.57/SF
NOI
$29.9K $13.00/SF
Area
Carroll County, MD
Vacancy
4.50%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,320
Cap Rate 7%
$427,371
Cap Rate 9%
$332,400
Alternative Uses
Best Use
Multifamily LT 5
$427.4K
$374.0K – $498.6K
NOI $29,916 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$369.2K
$323.1K – $430.7K
NOI $25,844 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$853.7K
$747.0K – $996.0K
NOI $59,759 @ 7.0% cap · market cap 15.75%
Zoning and permitted uses should be independently verified with authorities.
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See the owner, sales and loan history
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Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,664
Businesses Nearby
Explore this area
Business Placement
Demographics for 21157, MD
38,584
Population
15,466
Households
2.5
Avg Household Size
42
Median Age
37%
College-Educated
93%
High-School Grad
77.7 sq mi
ZIP Area
497
Density / Sq Mi
$102,835
Median Household Income
$50,254
Median Earnings
$1,236
Median Rent
$394,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The fully occupied property combines one two-bedroom apartment with two one-bedroom units.
Where is this triplex located?
The property is located at 96 E MAIN Street Westminster, MD.
What is the asking price?
The asking price for this property is $379,500.
What are key features of this property?
This property features: Three apartments: one two‑bedroom unit and two one‑bedroom units; 2,302 square feet on a 0.2‑acre lot; Upper apartment remodeled in 2017 with ductless HVAC
