18-20 Water St, Thurmont, MD 21788

Local realty services provided by:Better Homes and Gardens Real Estate Community Realty
18-20 Water St,Thurmont, MD 21788
$399,900
Virtual Tour
  • 5 Beds
  • - Baths
  • 2,988 sq. ft.
  • Multi-family
  • Active
Listed by: cindy clipp
Office: long & foster real estate, inc.
MLS#:MDFR2069024
Source:BRIGHTMLS

Price summary

  • Price:$399,900
  • Price per sq. ft.:$133.84

About this home

YEAR-END SALE! 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 require updates and is being sold as-is. Buyer to verify rental licenses, zoning uses, and any county requirements for occupancy. Located close to downtown Thurmont with easy access to commuter routes, schools, and shopping. A great fit for a landlord, flipper, investor, tradesperson, or an owner-occupant looking for help

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Home facts

  • Year built:1880
  • Listing ID #:MDFR2069024
  • Added:137 day(s) ago
  • Updated:December 30, 2025 at 02:30 PM

Rooms and interior

  • Bedrooms:5
  • Living area:2,988 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s), Window Unit(s)
  • Heating:Baseboard - Hot Water, Oil, Radiator

Structure and exterior

  • Year built:1880
  • Building area:2,988 sq. ft.
  • Lot area:0.19 Acres

Schools

  • High school:CATOCTIN

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$399,900
  • Price per sq. ft.:$133.84
  • Tax amount:$5,636 (2024)

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