3938 School St, Trappe, MD 21673
Exceptional investment opportunity in the heart of Trappe, MD. This offering encompasses two parcels, 3938 and 3944 School Street, totaling 0.37 acres and 5,188 square feet of combined living space. The property consists of two separate three-unit buildings, providing a total of six rental units, all currently occupied under month-to-month leases. This presents immediate cash flow potential for the astute investor. Utilities are strategically managed with water and sewer included in the rent, while tenants are responsible for electricity and gas. One building features a modern heat pump system, enhancing energy efficiency and reducing operational costs. Some units boast luxury vinyl plank (LVP) flooring. The combined city and town taxes reflect the total property value. This is a turnkey investment ready for immediate income generation. The property's central location in downtown Trappe offers convenient access to local amenities and services. The combined acreage and substantial square footage provide ample space and potential for future development or expansion. This is a rare opportunity to acquire a well-maintained, income-producing multi-family property in a desirable location. The asking price is $725,000. Detailed financial information is available upon request. This property is being sold as is.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.