Property profile

3938 School St Trappe, MD 21673

OFF-MARKET
Multifamily properties
Property ID
US40-1414313
5,188 SF 0.37 ac lot Built 1970
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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

Location

3938 School St Trappe, MD 21673
Trappe metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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