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    OFF-MARKET
    Multifamily properties

    3938 School St, Trappe, MD 21673

    5,188 SF 0.37 ac lot Built 1970
    Property ID
    US40-1414313
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Multifamily properties
    Year built 1970
    Total area 5,188 SF
    Lot 0.37 ac (16,117 SF)
    UPID US40-1414313
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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