18-20 Water St, Thurmont, MD 21788

Thurmont
Local realty services provided by:ERA Liberty Realty
18-20 Water St,Thurmont, MD 21788
$389,900
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:$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...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1880
  • Listing ID #:MDFR2069024
  • Added:257 day(s) ago
  • Updated:April 29, 2026 at 01:34 PM

Rooms and interior

  • Bedrooms:5
  • Kitchen Description:2nd Kitchen, Oven/Range - Electric, Recessed Lighting, Refrigerator
  • 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

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

  • 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

New listings near 18-20 Water St