Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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