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$374,900

4beds
|
3baths
|
2,988sqft
|
1880built
18 Water St,Thurmont, MD 21788

Est.$2,465/moCustomize payment

What's special

$125/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...

Listing updated: May 5, 2026 at 7:01 AM

Listed by:

Cindy Clipp 301-639-0124, Long & Foster Real Estate, Inc.

Source: Bright MLS · MLS #MDFR2069076Bright MLS

Property details

Cost estimate

Est. monthly payment

$2,560/mo
Principal & interest
$1,965
Property tax
$470
Home insurance (est.)
$125

Down payment

$74,98020% of list price
Adjust down payment20%
0%25%50%

Based on 20% down ($74,980), 6.85% interest rate, 30-year fixed. Insurance is an estimate. Actual costs may vary.

Rates provided by Mable Loans.

Customize scenario

Price history

DateEventPrice
May 4, 2026Price reduced$374,900($15,000)
Aug 21, 2025Listed for sale$389,900

Location

18 Water St, Thurmont, MD 21788

Nearby schools

CATOCTIN

High School

Recently sold nearby

Similar homes sold within 0.5 miles in the last 90 days.

This home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors.

Nearby homes

$374,900

4 beds · 3 baths · 2,988 sqft

Bright MLS

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange (IDX) program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Samson Properties participates, and is provided by BRIGHT through a licensing agreement. © 2026 Bright MLS, All Rights Reserved. Information deemed reliable but not guaranteed. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Data last updated: 6/2/2026.