18-20 Water St, Thurmont, MD 21788

Thurmont
Local realty services provided by:ERA Reed Realty, Inc.
18-20 Water St,Thurmont, MD 21788
$389,900
Virtual Tour
  • 4 Beds
  • 3 Baths
  • 2,988 sq. ft.
  • Single family
  • Active
Listed by: cindy clipp
Office: long & foster real estate, inc.
MLS#:MDFR2069076
Source:BRIGHTMLS

Price summary

  • Price:$389,900
  • Price per sq. ft.:$130.49

About this home

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 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...

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Home facts

  • Year built:1880
  • Listing ID #:MDFR2069076
  • Added:210 day(s) ago
  • Updated:March 14, 2026 at 01:44 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:3
  • Full bathrooms:3
  • Kitchen Description:2nd Kitchen, Oven/Range - Electric, Recessed Lighting, Refrigerator
  • Bedroom Description:Entry Level Bedroom
  • Basement:Yes
  • Basement Description:Combination, Improved, Interior Access, Partially Finished, Windows, Workshop
  • 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
  • Lot Features:Downtown
  • Architectural Style:Traditional
  • Construction Materials:Stone
  • Foundation Description:Permanent
  • Levels:3 Story

Schools

  • High school:CATOCTIN

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$389,900
  • Price per sq. ft.:$130.49
  • Tax amount:$5,636 (2024)

Features and amenities

  • Laundry features:Dryer - Electric, Washer
  • Amenities:Above Ground Utilities, Attic, Ceiling Fan(s), Recessed Lighting

Parking

  • Parking description:Additional Storage Area, Attached Garage, Detached Garage, Garage - Front Entry, Garage Door Opener, On Street, Paved Parking, Private
  • Garage:Yes
  • Garage spaces:8

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