$176,970

11023 Old Mount Savage Rd NW Lavale, MD 21502

Estimated payment $1,100/month

Total Views 8,192
-- Bed
-- Bath
2,535 Sq Ft
$70 Price per Sq Ft

Highlights

  • View of Trees or Woods
  • Carriage House
  • Porch
  • Cash Valley Elementary School Rated 9+
  • Family Room Off Kitchen
  • Eat-In Kitchen

About This Home

Calling all investors! This fully leased 5-unit property is a rare find at under $200K—featuring four spacious 2-bedroom, 1-bath units in the main building plus a charming 2-bedroom carriage house in the rear. With strong, steady rental income and mostly long-term tenants on flexible month-to-month leases, this property is already working for you. Each unit offers its own kitchen, comfortable living space, and classic charm with plenty of potential to increase rents and maximize value. Recent upgrades include a brand-new roof on the main building (August 2024) and a newer roof on the carriage house (May 2021). Whether you're looking to expand your portfolio or dive into multi-family investing, this is a prime opportunity with built-in upside. Don’t miss out!

Listing Agent

Jennifer Young

Keller Williams Realty Listed on: 05/23/2025

Keller Williams Realty

Co-Listing Agent

Jennifer Coleman

Keller Williams Realty License #02252443101

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,881

Year Built

  • Built in 1920

Lot Details

  • 0.41 Acre Lot
  • Landscaped
  • Back, Front, and Side Yard

Property Views

  • Woods
  • Mountain
  • Garden

Home Design

  • Carriage House
  • Farmhouse Style Home
  • Bump-Outs
  • Permanent Foundation
  • Architectural Shingle Roof
  • Aluminum Siding

Interior Spaces

  • Bathtub with Shower
  • Ceiling Fan
  • Family Room Off Kitchen
  • Dining Area
  • Basement
  • Connecting Stairway
  • Eat-In Kitchen

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • Private Parking
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Exterior Lighting
  • Porch

Schools

  • Cash Valley Elementary School
  • Braddock Middle School
  • Allegany High School

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Natural Gas Water Heater

Community Details

  • 4 Units
  • Income includes apartment rentals

Listing and Financial Details

  • Assessor Parcel Number 0129024014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,881

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Farmhouse/National Folk
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 5/24/2025 12:00:00 AM
  • Year Built: 1920
  • Remarks Public: Calling all investors! This fully leased 5-unit property is a rare find at under $200K—featuring four spacious 2-bedroom, 1-bath units in the main building plus a charming 2-bedroom carriage house in the rear. With strong, steady rental income and mostly long-term tenants on flexible month-to-month leases, this property is already working for you. Each unit offers its own kitchen, comfortable living space, and classic charm with plenty of potential to increase rents and maximize value. Recent upgrades include a brand-new roof on the main building (August 2024) and a newer roof on the carriage house (May 2021). Whether you're looking to expand your portfolio or dive into multi-family investing, this is a prime opportunity with built-in upside. Don’t miss out!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Carpet, Ceramic Tile, Vinyl, Laminate Plank
  • Interior Amenities: Bathroom - Tub Shower, Carpet, Dining Area, Kitchen - Eat-In, Kitchen - Table Space, Family Room Off Kitchen
  • Fireplace: No
  • Foundation Details: Permanent
  • Basement: Yes
  • Basement Type: Connecting Stairway
  • Total Sq Ft: 3154
  • Living Area Sq Ft: 2535
  • Price Per Sq Ft: 69.81
  • Above Grade Finished Sq Ft: 2535
  • Below Grade Sq Ft: 619
  • Total Below Grade Sq Ft: 619
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 11023

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Carriage House
  • Construction Materials: Aluminum Siding
  • Exterior Features: Bump-Outs, Exterior Lighting
  • Roof: Architectural Shingle
  • View: Garden/Lawn, Mountain, Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Driveway, Paved Parking, Private
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: ALLEGANY COUNTY PUBLIC SCHOOLS
  • Elementary School: CASH VALLEY
  • Middle School: BRADDOCK
  • High School: ALLEGANY
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121140562208
  • School District Source: Listing Agent
  • Elementary School: CASH VALLEY
  • High School: ALLEGANY
  • Middle Or Junior School: BRADDOCK

Lot Info

  • Land Use Code: M
  • Lot Features: Front Yard, Landscaping, Sideyard(s), Rear Yard
  • Lot Size Acres: 0.41
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 17925.00
  • Outdoor Living Structures: Porch(es)
  • Year Assessed: 2025
  • Zoning: R
  • In City Limits: No

Rental Info

  • Existing Lease Type: Long Term, Month To Month
  • Owner Pays: Common Area Maintenance, Trash Collection, Water
  • Units Leased Count: 5
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1881.00
  • Assessor Parcel Number: 0129024014
  • Tax Total Finished Sq Ft: 2535
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

MLS Schools

  • School District Name: ALLEGANY COUNTY PUBLIC SCHOOLS

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2025 08/07/25 Price Changed $176,970 -3.0% $70 / Sq Ft
07/28/2025 07/28/25 Price Changed $182,443 -3.0% $72 / Sq Ft
06/13/2025 06/13/25 Price Changed $188,085 -5.9% $74 / Sq Ft
05/23/2025 05/23/25 For Sale $199,900 -- $79 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: MDAL2011778

Bright MLS

APN: 29-024014

Maryland Allegany County Lavale 21502

11023 Old Mount Savage Rd NW, Lavale, MD

This home is located at 11023 Old Mount Savage Rd NW, Lavale, MD 21502 and is currently priced at $176,970, approximately $69 per square foot. This property was built in 1920. 11023 Old Mount Savage Rd NW is a home located in Allegany County with nearby schools including Cash Valley Elementary School, Braddock Middle School, and Allegany High School.

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Jennifer Young
Listing Agent
Jennifer Young
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Keller Williams Realty
(240) 760-2233