Colonial Residential Income
New
For Sale
$379,500
96 E MAIN STREET, Westminster, MD 21157
The Colonial-style property features electric appliances, laundry equipment, and walk-in closet storage.
Property Size3,453 SF
Price / SF$164.86
Days on Market2
Property Features for 96 E MAIN STREET
General Information
Standard status
Active
Size
3,453 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
DOWNTOWN WESTMINSTER
Taxes and HOA fees
Annual Taxes
$4,990
Amenities
Sidewalks, Street Lights
Ceiling Fan(s), Window Unit(s), Ductless, Electric
Electric, Zoned, Baseboard
Exterior Entry
Electric Range, Electric Oven, Electric Water Heater, Washer, Dishwasher, Dryer, Refrigerator, Water Heater, Microwave
Ceiling Fan(s), Walk-In Closet(s), Other, Pantry
Off Street, On Street, Other
Colonial
Building Details
Building Size
3,453 SF
Year Built
1850
Listing Agency:
RE/MAX Advantage Realty
Listed By:
Mark C Ruby · License #620265
(410) 259-0619
Source:
Evrealestate
Added: Oct 11
Last Checked: Oct 11 at 2:49PM
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 RE/MAX Advantage Realty
Investment Insights
Based on property information with market context.
Built in 1850, this 2,302-square-foot Colonial-style residential income property is located at 96 E Main Street in Westminster. Interior features include ceiling fans, walk-in closet storage, a pantry, and an exterior entry. Electric cooking appliances, a refrigerator, dishwasher, washer, and dryer are also present.
The property is zoned Downtown Westminster and offers off-street and on-street parking. Heating includes electric baseboard and ductless systems, with window units also listed.
The property is zoned Downtown Westminster and offers off-street and on-street parking. Heating includes electric baseboard and ductless systems, with window units also listed.
Key Highlights
- 2,302 square feet
- Built in 1850; Colonial style
- Zoned Downtown Westminster
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,844
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,880
$516.9K
Cap Rate 7%
$369,200
$369.2K
Cap Rate 9%
$287,156
$287.2K
Market Conditions
NOI Build-Up for 2,302 SF
Gross rent
$49.7K $21.60/SF
− Vacancy
−$2.7K −$1.19/SF
EGI
$47.0K $20.41/SF
− OpEx
−$21.1K −$9.19/SF
NOI
$25.8K $11.23/SF
Area
Carroll County, MD
Vacancy
5.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,880
Cap Rate 7%
$369,200
Cap Rate 9%
$287,156
Alternative Uses
Best Use
Apartment 5plus
$369.2K
$323.1K – $430.7K
NOI $25,844 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,430
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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Frequently Asked Questions
What type of property is this?
Residential income property - The Colonial-style property features electric appliances, laundry equipment, and walk-in closet storage.
Where is this residential income property 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: 2,302 square feet; Built in 1850; Colonial style; Zoned Downtown Westminster
