101 Wright Street
Frostburg, MD 21532
- – beds
- – baths
- 3,432 sqft
- ~1/2 acre lot
- $94 per sqft
- 1976 build
Calling all investors - This is the money maker you've been waiting for! Gross potential rents for the property total $3,700 per month with an incredible 13.7% CAP rate! Owner pays water and gas, tenants cover electric. This property pays for itself. Live for free in one of the units while renting the rest. Let the rent pay the mortgage AND the utilities! If you're looking to rent all four units, look forward to a hefty rent check at the end of each month. This property has three apartments which are 2bed 1bath and one apartment which is 1bed 1bath. One long term renter is paying $850/month, and two new leases begin set to start at $950/month. The fourth unit has been left vacant for a potential owner occupant, but if you wish to rent it out, there is no shortage of applicants! Units have been refreshed since last tenant turnover - new paint, some new flooring, reglazed showers and tubs, etc.
Last checked:
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Last updated Apr 9, 2025
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MLS# MDAL2011228 —
The Building
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Year Built:1976
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Brick, Vinyl Siding
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Building Units Total:4
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Structure Type:Other
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Architectural Style:Other
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Accessibility Features:None
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:3432
Interior
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:3432
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Living Area SqFt:3,432 Sqft
Financial & Terms
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Sale Type:Standard
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Possession:Settlement
Location
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Directions:From Upper New Georges Creek Rd. SW, turn onto 3rd St. then make a right onto Wright St. Property on the right.
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Latitude:39.64375000
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Longitude:-78.92116000
The Property
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Property Type:Multi-Family
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Property Subtype:Quadruplex
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Lot Size Units:Square Feet
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Lot Size Acres:0.41
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Lot Size Source:Assessor
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Lot SqFt:18,000 Sqft
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Zoning:R
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Zoning Description:Residential
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In City Limits:No
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Outdoor Living Structures:Deck(s), Patio(s)
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:M
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (240) 310-8783
- Office phone:
- (888) 860-7369
Taxes
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Tax ID Number:0112008295
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Tax Year:2024
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Tax Assessed Value:$167,000
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Year Assessed:2024
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Baseboard - Electric
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Heating Fuel:Electric
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Appliances
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Appliances:Dishwasher, Dryer, Refrigerator, Stove, Washer
Schools
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Elementary School:Beall
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Middle School:Mount Savage
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High School:MOUNTAIN RIDGE
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School District Name:Allegany County Public Schools
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School District Source:Listing Agent
The Community
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Pool:No Pool
Parking
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Garage:No
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Type of Parking:Parking Lot
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Parking Features:Paved Parking
Extra Units
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Vacation Rental:No
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One Bedroom Units:1
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Two Bedroom Units:3
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/8/25
Apr 8, 2025
|
Listed / Active | BRIGHT | $325,000 |