Do Real Estate on the Go!
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Do Real Estate on the Go!
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$389,900
4 Beds
3 Baths3 full baths
2,988sqft
18-20 Water St, Thurmont, MD 21788
$389,900
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Single Family Residence
Built in 1880
$-- HOA
8,486 sqft lot
$130/sq.ft
Description
PRICE IMPROVEMENT! A rare investment opportunity in Thurmont with multiple income streams and strong rental potential. This property includes two separate homes on one parcel plus eight garage spaces that can be rented individually. Once updated and made fully rentable, the combined rental potential is approximately $4,000 per month (about $48,000 per year). Based on projected rents and the new list price, the gross cap rate is estimated at over 11% Estimated rents: one-bedroom home at $1,400, three-bedroom home at $1,800, and eight garages at $100 each. Live in one home and rent out the other, or lease both properties and the garages for steady income. The property will ...
Continue Reading- Houzeo last checked: 33 Minutes ago
- Listing updated: February 24, 2026 at 11:40 am
- Listing Provided by: Cindy Clipp (301) 639-0124 | Long & Foster Real Estate, Inc. (301) 644-1086
- Source: Bright MLS-NJ | MLS#: MDFR2069076
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
3
County
City
Neighborhood
--
Year Built
1880
HOA Fees
-
Finished Area
2,988 sqft
Lot Size
8,486 sqft lot
Basement Area
- sqft
MLS Name
Bright MLS
MLS Number
MDFR2069076
MLS Status
ACTIVE-BRIGHT
Days on Market
188
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