MLS: #MDFR2083954, Listed By: Cindy Clipp, Long & Foster Real Estate, Inc., Source:Bright MLS
18-20 Water Street
THURMONT, MD 21788
4
Bed
3
Bath
2,988Sqft
0.19Acre(Lot)
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 c
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 4Bathroom Information
Total Baths: 3 Full Baths: 3Room Information
Has Basement: Yes Basement: Partially Finished, Interior Entry -
Interior Features
Ceiling Fan(s), Recessed Lighting Appliances: Electric Range, Electric Oven, Electric Water Heater, Washer, Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: Oil, Baseboard, Radiant Has Cooling: Yes Cooling: Ceiling Fan(s), Window Unit(s), Electric
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Building Information
Year Built: 1880 Building Area Total: 3582 Construction Materials: Stone Pool Features: None Private Pool: No
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Lot Information
Lot Size Acres: 0.19 Lot Size Source: Estimated Lot Size Square Feet: 8486Property Information
Subdivision: THURMONT Source Property Type: Residential Postal Code Plus 4: 1912 Property SubType: Single Family Residence Levels: Three Or More Property Age: 146
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Listing Price Information
Listing Price: $300000
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Tax Information
Parcel Number: 1115323450 Tax Year: 2029 Annual Tax: $6359
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Parking Information
Parking Total: 8 Garage Door Opener, On Street, Private, Paved, Garage, Attached, DetachedGarage Information
Has Garage: Yes Has Attached Garage: Yes Garage Space: 8 Pets Allowed: Yes
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School Information
Elementary School:Junior High School:Senior High School: CATOCTIN -
Location Information
Direction: From Main St, turn onto Water St. Houses are on the Left WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 12632 Creagerstown Road, Thurmont, MD, 21788 | $220,000 | 2 | 1 | 1,378 | 1,378 SqFt |
| 8128 Apples Church Road, Thurmont, MD, 21788 | $339,000 | 3 | 1 | 986 | 986 SqFt |
| 7549 Utica Road, Thurmont, MD, 21788 | $170,000 | 2 | 1 | 880 | 880 SqFt |
| 10931 Hessong Bridge Rd, Thurmont, MD, 21788 | $385,000 | 4 | 2 | 1,716 | 1,716 SqFt |
| 11205 Hessong Bridge Road, Thurmont, MD, 21788 | $379,900 | 4 | 2 | 1,422 | 1,422 SqFt |
| 58 Pleasant Acres Drive, Thurmont, MD, 21788 | $574,900 | 4 | 4 | 3,037 | 3,037 SqFt |
| 102 Ironmaster Drive, Thurmont, MD, 21788 | $389,900 | 4 | 3 | 2,216 | 2,216 SqFt |
| 116 Victor Drive, Thurmont, MD, 21788 | $449,900 | 3 | 3 | 1,600 | 1,600 SqFt |
| 14721 Albert Staub Road, Thurmont, MD, 21788 | $475,000 | 3 | 1 | 1,672 | 1,672 SqFt |
| 39 Pleasant Acres Drive, Thurmont, MD, 21788 | $524,900 | 4 | 3 | 2,101 | 2,101 SqFt |
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ByOwner last updated this listing 06/15/2026 @ 22:23
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