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$389,900

4beds

3baths

2,988sqft

1880built

18 Water St,Thurmont, MD 21788

Est. $2,564/mo · Get pre-qualified

What's special

$130/sqft

Price per square foot

Built in 1880

146 years old

8 parking spaces

Garage

Overview

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...

Listed on August 21, 2025 · Source: MLS #MDFR2069076