$224,900
PENDING

400 Walnut St Westernport, MD 21562

Estimated payment $1,263/month

Total Views 17,816
-- Bed
-- Bath
3,384 Sq Ft
$66 Price per Sq Ft

Highlights

  • Premium Lot
  • Paneling
  • Electric Baseboard Heater
  • Traditional Architecture
  • Luxury Vinyl Plank Tile Flooring
  • Property is in very good condition

About This Home

All the hard work is done—just start collecting rent! This freshly renovated 6-unit apartment building in Westernport, MD, is a prime opportunity to secure a long-term, income-producing asset in a community on the rise. With two efficiency units and four one-bedroom apartments, this property has the potential to generate over $44,000 in gross annual income. Each unit has been completely updated, featuring fresh paint, new flooring, and modernized kitchens and bathrooms, creating an attractive and comfortable living space for tenants. The exterior has been repainted, ensuring years of low-maintenance upkeep, while new electrical services, updated interior wiring, and plumbing replacements provide efficiency and reliability. Electric baseboard heating delivers cost-effective climate control for each unit. The unfinished basement presents an additional value-add opportunity—use it as spacious storage or transform it into an on-site laundry facility to further increase your income stream. Why start small when you can scale from the beginning? This configuration provides the income necessary to establish yourself as a successful real estate investor or serves as the perfect addition to an already thriving portfolio. The stock market won’t climb forever—hedge against inflation with a solid real estate investment. This is your chance to secure a high-performing, income-generating asset with immediate rental potential. Act now—opportunities like this don’t last!

Listing Agent

Craig See

Pioneer Ridge Realty License #5003088 Listed on: 03/13/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $562

Year Built

  • Built in 1949

Lot Details

  • 1,742 Sq Ft Lot
  • Premium Lot
  • Sloped Lot
  • Property is in very good condition

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation
  • Rubber Roof

Interior Spaces

  • 3,384 Sq Ft Home
  • Paneling

Flooring

  • Laminate
  • Luxury Vinyl Plank Tile

Parking

  • Public Parking
  • On-Street Parking

Location

  • Urban Location

Schools

  • Westernport Elementary School
  • Westmar Middle School
  • Mountain Ridge High School

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater
  • Municipal Trash

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 0108016852

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$562

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1949
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: All the hard work is done—just start collecting rent! This freshly renovated 6-unit apartment building in Westernport, MD, is a prime opportunity to secure a long-term, income-producing asset in a community on the rise. With two efficiency units and four one-bedroom apartments, this property has the potential to generate over $44,000 in gross annual income. Each unit has been completely updated, featuring fresh paint, new flooring, and modernized kitchens and bathrooms, creating an attractive and comfortable living space for tenants. The exterior has been repainted, ensuring years of low-maintenance upkeep, while new electrical services, updated interior wiring, and plumbing replacements provide efficiency and reliability. Electric baseboard heating delivers cost-effective climate control for each unit. The unfinished basement presents an additional value-add opportunity—use it as spacious storage or transform it into an on-site laundry facility to further increase your income stream. Why start small when you can scale from the beginning? This configuration provides the income necessary to establish yourself as a successful real estate investor or serves as the perfect addition to an already thriving portfolio. The stock market won’t climb forever—hedge against inflation with a solid real estate investment. This is your chance to secure a high-performing, income-generating asset with immediate rental potential. Act now—opportunities like this don’t last!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Laminated, Luxury Vinyl Plank
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall, Paneled Walls
  • Foundation Details: Block, Brick/Mortar
  • Basement: No
  • Total Sq Ft: 3384
  • Living Area Sq Ft: 3384
  • Price Per Sq Ft: 66.46
  • Above Grade Finished Sq Ft: 3384
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 400 - 406

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Road Surface Type: Paved
  • Roof: Rubber
  • Spa: No
  • View: Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Public
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: ALLEGANY COUNTY PUBLIC SCHOOLS
  • Elementary School: WESTERNPORT
  • Middle School: WESTMAR
  • High School: MOUNTAIN RIDGE
  • 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: WESTERNPORT
  • High School: MOUNTAIN RIDGE
  • Middle Or Junior School: WESTMAR

Lot Info

  • Land Use Code: M
  • Lot Features: Premium, Road Frontage, Sloping
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.40
  • Property Condition: Very Good
  • Year Assessed: 2024
  • Zoning: SUBURBAN / RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Rent Control: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 562.00
  • Assessor Parcel Number: 0108016852
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Single Room Units Count: 2

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
07/28/2025 07/28/25 Pending -- -- --
07/22/2025 07/22/25 Price Changed $224,900 -6.3% $66 / Sq Ft
05/28/2025 05/28/25 Price Changed $239,900 -4.0% $71 / Sq Ft
03/13/2025 03/13/25 For Sale $249,900 -- $74 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: MDAL2011174

Bright MLS

APN: 08-016852